What Is Solana Crypto SOL? Where And How To Buy Solana Coin?
Solana is a modern open-source blockchain project that was founded to leverage breakthrough technologies for the next generation of dApps.
SOL Crypto Brief History
The project was founded in 2017, and the first version of the test network was conducted in 2018. On March 23, 2020, the Dutch token auction took place. During this sale, its participants could return up to 90% of the transferred funds.
In the middle of 2020, the Solana Foundation was created to help develop the improved infrastructure. This unit works on research, including third-party teams, outreach, and educational activities.
In autumn 2020, a cross-chain bridge together with Ethereum was developed, which allows the transfer of assets between these blockchains. At that moment, the first Stablecoin on the Solana USDC blockchain was released, and Waves also started their partnership with the Solana blockchain.
Today, developers keep improving the ecosystem. Today, there are over 400 projects, and each of them is getting more advanced daily, pushing Solana forward. One of its protocols, Saber, reached over $4 billion in total value in September 2021.
How Solana Blockchain Operates?
Unlike other popular cryptocurrency projects, Solana is a modern blockchain with no side chains or parachains.
Its high-speed transaction processing is based on the PoH solution, which enables time synchronization between nodes much faster by creating a decentralized clock. The Leader Schedule of validator nodes and the Turbine and Gulfstream data transfer protocols synchronize the interaction between nodes.
The acceleration of synchronization between nodes in the Solana blockchain makes it fast enough to compete with complex centralized systems. Other innovations in this ecosystem include archivers that perform distributed data storage and optimized transaction recording via Cloudbreak. Solana blockchain nodes are rewarded for processing transactions in the utility SOL token.
How To Use SOL Crypto?
SOL tokens, as native blockchain coins, are transferred as a reward to nodes for program execution and block validation.
Users can apply it to:
- Payments of commissions within the network.
- Project management by voting to change the minutes.
The Solana system can make micropayments with fractional tokens, which are called lamports. One lamport equals 0.000000001 SOL.
Solana Crypto Price Prediction
SOL price predictions are mostly optimistic. At the beginning of January 2021, the value of the altcoin fluctuated around $1.6. Before April, Solana price rose to $40, and in May the price of the coin exceeded $50. After the collapse of the crypto market at the end of spring, the altcoin managed not only to remain at the same level but also to grow again. And with the beginning of autumn 2021, the SOL coin price skyrocketed to over $150.
If the bullish trend recovers, there is a probability that the altcoin price will soon rise to $250-300. In case investors lose interest in this altcoin, the rate may fall below $100, although given the current market situation, such a collapse in the value of Solana seems unlikely.
Cryptocurrency experts agree with a positive Solana crypto price prediction. According to Gov.Capital, SOL token price will be over $2000 at the end of 2025. As for WalletInvestor, it will reach $900 by the same time.
SOL coin price today is 159.7787 USD.
After all, Solana seems to be a profitable investment. The popularity of SOL is linked to the increased activity of DeFi. Thus, the total blockchain value on the Solana platform exceeded $7.5 billion. This indicates the attractiveness of the platform for individuals and companies interested in DeFi. Some experts suggest that the Solana blockchain could compete with Ethereum. Such platforms attract users amid the rise in the cost of ETH gas.
Where To Buy Solana Coin?
If you think about how to buy SOL crypto, StealthEX.io is the safest way for your exchange. On this platform, you access over 400 cryptocurrencies for your transaction. No need to provide much information or overpay, all SOL crypto purchases are transparent, anonymous, and quick.
How To Buy Solana Crypto?
Just go to StealthEX exchange and follow these easy steps:
- Choose the pair and the amount for your exchange. For example, BTC to SOL coin.
- Press the “Start exchange” button.
- Provide the recipient address to which the coins will be transferred.
- Move your cryptocurrency for the exchange.
- Receive your coins!
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.