Solana (SOL) price has perfectly met my bullish price target of $75 which was given in my last analysis. Even...
Solana
What is Solana?
Solana is a decentralized blockchain platform regarded as a major competitor to Ethereum as a host for decentralized applications. Solana was created in 2020 by developers at Solana Labs in San Francisco and is managed by the Solana Foundation based in Geneva, Switzerland.
Solana has emerged as a hub for decentralized finance (DeFi) apps rivaling Ethereum, which has seen the valuation Skyrocket despite being less than two years old. One of the main advantages associated with Solana is its low transaction (gas) fees compared to Ethereum’s.
What is the network?
Solana’s native cryptocurrency goes by the same name and trades under the ticker symbol SOL. Solana’s network operates on a proof of stake (PoS) model, which is more energy-efficient than the proof of work (PoW) model pioneered by Bitcoin, which consumes a lot of energy.
Transactions on the Solana network cost about 0.000005 SOL, or $0.001, while transactions on Ethereum’s blockchain can be in thousands of dollars, especially when the network is at its busiest.
How to trade Solana
There are multiple ways to trade Solana, but the two most common methods are via a cryptocurrency exchange. You can buy the SOL crypto using dollars or other fiat currencies.
The other popular way to trade Solana is to trade its derivatives via an FX or CFD broker that offers SOL as a quote traded against the US dollar.
Solana Latest news
The outlook on the Solana (SOL) price remains positive as the uptrend remains intact despite pullbacks on low timeframe. In...
Solana price has started its bull run before any other digital asset. This means a miraculous recovery for a cryptocurrency...
After a fabulous rally in the last few weeks, Solana price is taking a breather. Today’s correction can be attributed...
Solana price has been on a tear for the last few days. SOL crypto has emerged as one of the...
Solana crypto price seems to be on a roll after rebounding strongly from its September lows. The smart contract token...
Solana (SOL) price has performed extremely well in 2023. Since the start of the year, the price has surged 129%....
Solana (SOL) price is showing great strength amid a sideways BTC price action. While Bitcoin price is stuck in a...
Solana (SOL) price has performed very well in 2023. The smart contract platform has made a strong comeback this year...
Solana (SOL) price is in a downtrend once again as the crypto markets experience a sell-off. The weak BTC price...