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$72.03 $ 72.03
+¥5204,24 -6.88415% 1D
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Updated:
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Market Cap (USD)
30.6B
24H Volume
2.54B
Circulating Supply
426.08M SOL
Maximum supply
--
All Time High
259.96
Rank
6

About

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  • About Solana (SOL)

    Founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, Solana is a single-chain, delegated-Proof-of-Stake protocol whose focus is on delivering scalability without sacrificing decentralization or security. The Solana protocol is designed to facilitate decentralized app (DApp) creation. Core to Solana's scaling solution is a decentralized clock titled Proof-of-History (PoH), built to solve the problem of time in distributed networks where there is not a single, trusted, source of time. Due to the innovative hybrid consensus model, Solana has attracted the attention of small traders and institutional traders. An important focus of the Solana Foundation is to make decentralized finance available on a larger scale. Solana is ranked number 7 in the CoinMarketCap ranking as of September 2021.
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  • Solana Market

    Currency Price 24h Change Action
    Solana
    SOL /USDT
    Spot
    $72.03 -6.88415% Trade

Solana FAQs

  • 1. What determines the price of Solana?
    There are two schools of thought in determining the price of Solana.

    By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Solana, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Solana from a long term perspective.

    By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Solana on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Solana as well.

    HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Solana and the cryptocurrency market as a whole.
  • 2. What is the highest price of Solana in history?
    Solana achieved the all-time high of $259.96 in 2021-11-06T21:54:35.825Z, and is currently trading at $72.03.
  • 3. What is the lowest price of Solana in history?
    In 2020-05-11T19:35:23.449Z, Solana reached the all-time low of $0.50.
  • 4. Should I buy Solana now?
    It is important to remember that Solana, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.

Solana Calculator

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