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SOL

Solana Market Stats

Solana Price

$22,014.48

Solana Price Change (24H)

$22,014.48

Solana Price (24H Low)

$22,014.48

Solana Price (24 High)

$22,014.48

Solana Price (All Time High)

$22,014.48

Solana Market Cap

$22,014.48

Solana Volume (24H)

$22,014.48

Solana Circulating Supply

$22,014.48

Solana Price Live Data

The live [Bitcoin] price today is [$20,014.48] with a 24-hour trading volume of [$44.6b]. The [BTC] price is updated in real-time. [Bitcoin] is [up/down] [45.77%] in the last 24 hours. The current [Bitcoin] live market cap is [$189,3B] with a circulating supply of [121.3M] [BTC] coins and a max supply of [21,000,000] [BTC] coins.

Looking to buy [Bitcoin] at the current rate? The best cryptocurrecny exchanges for trading for [Bitcoin] stocks and coins are Bitbuy, CoinSmart, NetCoins, Netwon, and Crypto.com; you can find other [Bitcoin]-[BTC] exchanges on our best crypto exchange, best crypto exchange in Canada and best crypto exchange in the USA pages.

What Is Solana (SOL)?

Solana (SOL) is a decentralized, public blockchain platform that applies several novel approaches to the network. It was developed to host scalable applications on its platform. And the native digital currency of the Solana network is known as the SOL token.

This crypto-computing platform was developed to achieve high transaction speeds without compromising decentralization. Solana is an open-source platform that supports smart contracts, including decentralized applications and non-fungible tokens (NFTs).

Who Created Solana (SOL)?

The Solana (SOL) platform was founded in 2017 by Anatoly Yakovenko. Previously, he held a senior position at Qualcomm before leaving to establish his own decentralized platform. The platform’s main aim was to minimize costs and maximize the throughput rate. In November 2017, he presented a white paper introducing the revolutionary concept of Proof of History.

This platform’s innovative consensus hybrid model combines two algorithms and can process thousands of transactions per second. And the platform is structured in a way that allows for scalability where required.

In 2018, the company expanded its operations and initiated its plans to run on cloud-based networks. At that point, the Solana network could verify around 250,000 transactions per second.

Over the three years that followed, Solana processed more than 40 billion transactions at an average cost of $0.00025 per transaction. Although the Initial Coin Offering began in 2017, the platform was not officially launched until 2020.

Solana Coin - Comparewise

How Does Solana (SOL) Work?

The Solana blockchain network was designed with scalability in mind. And this is accomplished through a unique hybrid concept. It combines the Proof-of-Stake concept with the Proof of History algorithm to create a scalable platform and achieve high transaction speeds.

Proof of Stake is a popular concept where validators stake their own coins to the network to verify transactions. In return, they receive rewards and fees. On the other hand, Proof of History is a newer concept first introduced by Solana (SOL).

To confirm a transaction, all computers in the network must agree and add the transaction to the public ledger. With the proof of history concept, the various computers in a decentralized network keep time with each other. This is done without the computers having to communicate and collude with each other. Put simply, the PoH concept is basically a Proof of Stake, except that it incorporates the special time-variant.

PoH is not a consensus mechanism but a way to incorporate time into blockchain data. Timestamps are used to tag blocks with a specific date and time. This allows validators to follow each other very quickly. As a result, they’re aware of their orders without communicating back and forth. The network also uses cryptographic proofs, so they do not have to wait for computers to agree on a time.

The most significant disadvantage of other concepts is that the computers must constantly communicate and verify the time. This affects the speed of verification. The Solana network solves this problem with its proof of history concept, which is integrated into the PoS consensus.

Is Solana (SOL) a Good Investment?

Although Solana (SOL) offers several advantages over Bitcoin and Ethereum, it is still an underdog. The coin’s total market capitalization is just $10 billion. However, it has grown rapidly in recent months. And it’s on its way to becoming the most respected blockchain platform in the world.

Given the significant developments on the DeFi platform, Solana can be a beneficial investment for those who trust its technology. Many developers in the blockchain environment now prefer the Solana network over Ethereum to create NFTs or DApps.

The Solana network is a decentralized platform that aims to provide high-performance transactions on the blockchain at a ridiculously low cost. It is among the most advanced programmable blockchains in the industry. For these reasons, the market capitalization of SOL has increased by 300% since its launch in 2019.

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FAQs about Solana (SOL)

How Many Solana (SOL) Coins Are There?

Solana (SOL) coins are limited in number. The maximum supply of the Solana coin is capped at 489 million tokens. Out of these, around 26 million SOL tokens are already in circulation.

How Is Solana (SOL) Secured?

The Solana (SOL) is secured by integrating the Proof of History with the Proof of Stake blockchain protocol.

What Can You Use Solana (SOL) For?

Solana (SOL) is a crypto computing and smart contract blockchain platform. Its native SOL token is used for paying transaction fees and staking. On the other hand, the platform is used by developers to design decentralized applications.

Solana News

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Solana Community

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Best Solana Wallets

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Solana Analysis

Solana (SOL) Analysis Summary

The analysts at CoinCodex and altFINS predict a bearish breakout, with 20 indicators supporting their statement. While the scenario may be bearish for some years, the coin is still expected to grow with a slower upward trajectory. The coin’s average On Balance Volume (OBV) indicates that the Solana network has a continuously rising demand.

Leading crypto analyst platforms use deep artificial intelligence and technical analysis to predict the future of the SOL token. These platforms trust the SOL technology to the extent that they have reported a slightly bullish trend on the coin.

According to current projections, if the SOL coin does not suffer an outage, it can grow significantly in 2023. Experts and analysts have estimated the SOL token to average at $88.44 in 2023 and grow to $179.57 by 2025.

The technology and the token will continue to improve in the next few years. Analysts have also predicted that the coin’s price will accelerate to $1,208.77 by the year 2030.

Analysis Q&As

What is Solana price today?

Solana price today is [price] within 24-hour trading volume of [Volume].

What was the highest price for Solana?

Solana hit an all time high of [All High].

What was the lowest price for Solana?

Solana had an all time low of [All Low].

What was the 24 hours trading volume of Solana?

The 24 hour trading volume of Solana is [Volume].

Where can Solana be traded?

You can trade Solana on Crypto.com, Kraken, Binance, and FTX. The popular trading pairs for Solana in the market includes SOL/USD, Solana/CAD, Solana/EUR, Solana/GBP, and Solana/AUD. Solana is a token that is related to the Solana... categories.

What exchange is Solana on?

Online traders can buy or sell Solana (SOL) on the top crypto exchange, such as Crypto.com, Kraken, Binance, and FTX.

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Solana Technicals

See Comparewise coin rating definitions for more information.

Solana Price Statistics
Solana Price Today

08/16/2022

Solana Price

$22,014.48

Solana Price Change (24H)

$22,014.48

Solana Price (24H Low)

$22,014.48

Solana Price (24H High)

$22,014.48

Solana Price (All Time High)

$22,014.48

Solana Market Cap

$22,014.48

Solana Volume (24H)

$22,014.48

Solana Circulating Supply

$121.3M

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