Solana Achieves Market Capitalization of $59.49 Billion (SOL)

Solana (SOL) traded down 3.4% against the US dollar during the 24 hour period ending at 10:00 AM E.T. on September 7th. One Solana coin can now be bought for $127.24 or 0.00233237 BTC on popular cryptocurrency exchanges. Over the last week, Solana has traded down 6.7% against the US dollar. Solana has a market cap of $59.49 billion and $2.97 billion worth of Solana was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• 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 down 2.2% 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.
• Hokkaidu Inu (HOKK) traded up 1.2% 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 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 2.6% against the dollar and now trades at $0.0516 or 0.00000095 BTC.

Solana Coin Profile

SOL uses the hashing algorithm. It launched on March 16th, 2020. Solana’s total supply is 583,982,441 coins and its circulating supply is 467,526,520 coins. The official message board for Solana is solana.com/news. Solana’s official Twitter account is @solana and its Facebook page is accessible here. The official website for Solana is solana.com. The Reddit community for Solana is https://reddit.com/r/solana and the currency’s Github account can be viewed here.

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 purchase alternative cryptocurrencies such as Solana directly using U.S. dollars. Investors seeking to trade Solana should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Solana using one of the exchanges listed above.

SOL/USD price chart by TradingView