Solana Price Hits $141.65 (SOL)

Solana (SOL) traded 0.8% lower against the dollar during the 24-hour period ending at 13:00 PM Eastern on June 29th. One Solana coin can now be purchased for approximately $141.65 or 0.00232737 BTC on exchanges. Solana has a total market cap of $65.49 billion and $1.39 billion worth of Solana was traded on exchanges in the last day. Over the last seven days, Solana has traded 5.4% higher against the dollar.

Here’s how other cryptocurrencies have performed over the last day:

• KILT Protocol (KILT) traded down 1.3% against the dollar and now trades at $0.21 or 0.00000338 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 1.9% against the dollar and now trades at $0.0115 or 0.00000019 BTC.

Solana Profile

Solana (SOL) uses the hashing algorithm. Its launch date was March 16th, 2020. Solana’s total supply is 579,069,031 coins and its circulating supply is 462,357,353 coins. Solana’s official message board is solana.com/news. Solana’s official Twitter account is @solana and its Facebook page is accessible here. The Reddit community for Solana is https://reddit.com/r/solana and the currency’s Github account can be viewed here. Solana’s official website is solana.com.

According to CryptoCompare, “Solana (SOL) is a high-performance blockchain that uses a delegated Proof-of-Stake (dPoS) consensus algorithm and a unique method of ordering transactions to improve speed and throughput. It can process over 50,000 transactions per second and has 400ms block times, allowing it to scale without relying on Layer-2 systems or sharding. The network has processed over 21 billion transactions and has a native cryptocurrency, the SOL utility token, which is used to pay for transaction fees and interact with smart contracts on the blockchain. It can also be staked to earn staking rewards. Decentralized applications being built on Solana may create additional use cases for the SOL token, such as being used as collateral for loans or earning interest when lent out.”

Solana Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Solana directly using US dollars. Investors seeking to acquire Solana should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Solana using one of the exchanges listed above.

SOL/USD price chart by TradingView