Solana Trading 4% Lower Over Last 7 Days (SOL)

Solana (SOL) traded up 1.2% against the U.S. dollar during the one day period ending at 23:00 PM E.T. on May 26th. During the last seven days, Solana has traded down 4% against the U.S. dollar. One Solana coin can currently be purchased for about $19.46 or 0.00072735 BTC on major cryptocurrency exchanges. Solana has a total market capitalization of $7.71 billion and $132.93 million worth of Solana was traded on exchanges in the last 24 hours.

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

• KILT Protocol (KILT) traded 2.1% higher against the dollar and now trades at $0.34 or 0.00001287 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.
• OmniaVerse (OMNIA) traded up 0% against the dollar and now trades at $0.0017 or 0.00000006 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 1.3% higher against the dollar and now trades at $0.0004 or 0.00000002 BTC.
• Lego Coin (LEGO) traded 25.2% higher against the dollar and now trades at $0.0198 or 0.00000074 BTC.
• Belrium (BEL) traded up 0.6% against the dollar and now trades at $2.56 or 0.00009575 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.

Solana Coin Profile

SOL uses the hashing algorithm. Its launch date was March 16th, 2020. Solana’s total supply is 548,667,255 coins and its circulating supply is 396,333,943 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. The official website for Solana 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 currently possible to buy alternative cryptocurrencies such as Solana directly using U.S. dollars. Investors seeking to trade Solana should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Solana using one of the aforementioned exchanges.

SOL/USD price chart by TradingView