The November crypto crash impacted the Solana price in a way that, a month after the FTX-triggered crypto collapse, it...
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 crypto price prediction is for the price to continue the recovery move if the break of 37.37 is...
The Solana price is weighed down by overhead supply as the longs continue to de-risk to unwind cryptocurrency positions. Solana...
The Solana Price-action will be dominated by several significant technical levels. Here we discuss several potential scenarios for SOL.
The Solana price ran into overhead selling on Monday as it attempted to clear the all-time high, which may signal...
Solana is quickly emerging as the front-runner to in the race to close the gap on Ethereum. The Solana network is gaining immense traction amongst Defi and NFT projects lured by its short processing times and greater scalability. As a result, of the SOL token rapid rise, it is establishing itself as a bonafide blue-chip crypto asset.
The Solana price is rolling over in early trading Friday as the crypto market responds to the equity market meltdown....
Solana crypto price seems to be on a roll after rebounding strongly from its September lows. The smart contract token...
The Solana price starts the week firmly in the green as the protocol’s expanding ecosystem encourages buyers. Today sees more...
Solana price has surged 184% from its December 2022 lows. This positive price action can be attributed to the ongoing...