In the past few weeks, Solana’s price has failed to establish a trend and instead has traded in a sideways...
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
Solona’s price started today’s trading session with an aggressive bearish trend, going down by almost 3 per cent in the...
Solana price dropped to an important support level on Monday as cryptocurrencies slipped. The SOL token plunged to the support...
Before yesterday’s trading session, Solana’s price was in an aggressive bullish trend that had seen its prices surge by 25...
Solana’s price has recovered by 15 per cent in the past three trading sessions after a tough few weeks that...
Solana price has been in a strong bearish trend in the past few weeks as investors wait for the upcoming...
Solana’s price opened today’s trading session aggressively, and in the early hours, it reached price highs of $44.76. However, the...
The SOL/USDT daily chart price picture could make way for bearish Solana price predictions to flood the market. This is...
Solana’s price is up by almost two per cent in today’s trading session. The surge in prices comes after two...
Polygon and tech startup Nothing have announced that they will be working together to integrate Polygon’s technology into Nothing’s first smartphone, called the Nothing...