Solana Market Cap Achieves $78.42 Billion (SOL)

Solana (SOL) traded 5.2% higher against the dollar during the 1 day period ending at 19:00 PM ET on October 20th. In the last week, Solana has traded 13% higher against the dollar. Solana has a market capitalization of $78.42 billion and $2.52 billion worth of Solana was traded on exchanges in the last day. One Solana coin can currently be bought for about $166.88 or 0.00240970 BTC on major cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed in the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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.
• 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 down 2.2% 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 down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 1.8% against the dollar and now trades at $0.0801 or 0.00000116 BTC.

Solana Coin Profile

Solana (SOL) uses the hashing algorithm. Its launch date was March 16th, 2020. Solana’s total supply is 586,844,715 coins and its circulating supply is 469,920,211 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. Solana’s official website 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 acquire Solana should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Solana using one of the exchanges listed above.

SOL/USD price chart by TradingView