Solana price has bucked the trend recently. While other digital currencies like Bitcoin, Ethereum, and Ripple have dropped by double...
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 Solana price surged during the weekend as demand for alternative currencies surged. The SOL price rose by more than...
The Solana (SOL) price has pulled back after surging to an all-time high of $29.90 yesterday. It has fallen by...
The Solana price has broken out and surged to an all-time high. SOL is trading at $37.5, which is the...
The Solana price pulled back after it rose to an all-time high yesterday. SOL is trading at $45.30, which is...
The Solana price, currently $47.71, +10.40% on the day, may have just done enough for the moment as the short-term...
Solana price has struggled lately. SOL is trading at $43.74, which is slightly below the all-time of $50.3. Its market...
Solana price has bucked the trend as the rest of the cryptocurrency industry struggle. The SOL price is trading ay...
The Solana price shows no signs of slowing down just yet, rallying to a new all-time high overnight. Bringing its...
Solana appeared to be well into the breakout move from the bullish flag pattern on the daily chart before Wednesday’s...