Solana

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Solana SOL

$179.09+1.69% (24h)

1h %

-0.12%

7d %

+9.47%

Market Cap

$96.32B

24h volume

$3.61B

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Information about SOL

Solana (SOL) is a popular cryptocurrency and valuable asset, with its price driven by strong market demand. It operates on it's own blockchain, offering fast transactions and low fees. SOL is used for paying transaction fees, staking, and supporting decentralized applications (dApps).

Launched in 2020 by Anatoly Yakovenko and his team, Solana stands out due to its unique consensus mechanism that combines Proof-of-History (PoH) with Proof-of-Stake (PoS), enabling high scalability and processing thousands of transactions per second with minimal delays. This makes it ideal for large-scale projects like gaming platforms, NFT marketplaces, and financial services.

SOL's price fluctuates depend on market conditions. Currently, it is trading at $179.09, with a market capitalization of $96.32B. Over the past 24 hours, the lowest price was $171.47, while the highest was $184.34.

FAQ

The current Solana’s trading price is $179.09.

The current SOL’s ATH is $778.25. The SOL’s ATL is $0.5052.

Solana operates based on a unique combination of technologies, including the Proof-of-History (PoH) and Proof-of-Stake (PoS) consensus mechanisms. PoH creates hashes for each transaction, confirming its order and timestamp, significantly speeding up the processing time. Along with PoS, which ensures network security through staking, this allows Solana to handle up to 65,000 transactions per second with low fees. This structure makes Solana one of the fastest and most scalable blockchain platforms, ideal for decentralized applications and smart contracts.

Solana has several key advantages that set it apart from other cryptocurrencies. One of the main features of Solana is the Proof-of-History (PoH) mechanism, which creates a cryptographically secure timestamp for each transaction, significantly speeding up transaction processing. In addition to PoH, Solana uses Proof-of-Stake (PoS) to ensure network security, which reduces energy consumption compared to cryptocurrencies that use Proof-of-Work. These features make Solana not only fast and scalable but also energy-efficient. Furthermore, it offers a developer-friendly environment by supporting popular programming languages like "Rust" and "C" for building dApps.

Solana can be an interesting investment, especially for those looking for opportunities in the rapidly growing blockchain technology sector. With its unique architecture and high transaction speeds, Solana has attracted attention from both investors and developers, driving demand for the SOL token as it powers transactions and network activity. This growing adoption strengthens the network effect, attracts more capital, and supports long-term price appreciation. Its low fees and high scalability make it appealing for building decentralized applications and DeFi protocols, attracting crypto enthusiasts and fostering broader adoption. However, it's important to consider that the cryptocurrency market remains highly volatile, and the value of SOL can fluctuate significantly, which means investors must be prepared for potential losses.

If you're interested in buying SOL, there are various trusted crypto platforms that make the process simple and secure. One such option is the Cryptomus platform, where you can buy SOL with ease. The most convenient options are available here, including direct SOL purchase with debit or credit card in your personal account, or utilizing the Cryptomus P2P exchange.

There are several easy ways to buy Solana. You can use platforms for direct purchases with a debit or credit card or take advantage of P2P exchanges for more flexible options. To buy Solana (SOL) easily, you can start by purchasing directly through Cryptomus. First, create an account if you don’t have one, go through the KYC procedure, and secure your wallet by enabling 2FA and setting up a PIN. Then, select Solana as your desired cryptocurrency to buy, choose a suitable network, and select Fiat as the type of receive. Next, enter the amount you want to pay in your preferred currency, and the corresponding amount of SOL will be automatically calculated. Provide your email address to receive a verification code and enter your debit or credit card details to complete the purchase. Additionally, you can also take advantage of the P2P exchange on Cryptomus, where you can choose the most suitable offer from other users.

To securely store your SOL, it's important to choose the right wallet that ensures the safety of your assets. Cryptocurrencies can be stored in various types of wallets, such as hot (online) wallets and cold (hardware) wallets, each offering different levels of convenience and security. For example, you can store your Solana in the Cryptomus wallet, which provides top-notch security features. With options like 2FA, PIN code, and KYC, you can ensure the protection of your funds. Even from the first registration step, you can take extra precautions by creating the strongest password possible, enabling the mentioned security features, and confidently storing your SOL assets. All transactions also go through AML procedures, adding an extra layer of protection for your funds.

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