Bitcoin
BTC$66 041.52

-1.34%

Ethereum
ETH$3 078.99

-1.29%

Tether
USDT$1.000018

-0.02%

Binance Coin
BNB$578.99

0.63%

Solana
SOL$169.28

-1.74%

USD Coin
USDC$1.000008

0%

Solana (SOL) Price, Market Cap and Information


Solana (SOL) Buy Solana Now
Solana (SOL) Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions...
CVIX 39
Current price $169.28
Change 24h -1.74%
Change 7d 16.84%
Market Cap $75 989 826 214
Available supply 448 913 328 SOL
Volume 24h $2 270 439 298
Updated Sunday, May 19, 2024 8:00:19PM UTC
Nature Coin
Mineable No
Discussion
WWW Website

Solana price change 24 hours

Solana Short Term Forecast

After Price Change
1 day $194.92 14.44%

Solana Price Predictions

Solana General Information

General SOL facts, technical details and Solana Cryptocurrency information

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.

The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.

Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.

Anatoly Yakovenko is the most important person behind Solana. His professional career started at Qualcomm, where he quickly moved up the ranks and became senior staff engineer manager in 2015. Later on, his professional path shifted, and Yakovenko entered a new position as a software engineer at Dropbox.

In 2017, Yakovenko started working on a project which would later materialize as Solana. He teamed up with his Qualcomm colleague Greg Fitzgerald, and they founded a project called Solana Labs. Attracting several more former Qualcomm colleagues in the process, the Solana protocol and SOL token were released to the public in 2020.

What Makes Solana Unique?

One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko. This concept allows for greater scalability of the protocol, which in turn boosts usability. Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. Solana’s hybrid protocol allows for significantly decreased validation times for both transaction and smart contract execution. With lightning-fast processing times, Solana has attracted a lot of institutional interest as well.

The Solana protocol is intended to serve both small-time users and enterprise customers alike. One of Solana’s main promises to customers is that they will not be surprised by increased fees and taxes. The protocol is designed in such a way as to have low transaction costs while still guaranteeing scalability and fast processing.

Combined with the longstanding professional expertise creators Anatoly Yakovenko and Greg Fitzgerald bring to the project, Solana is ranked number 42 in the CoinMarketCap ranking as of February 2021. The Solana Foundation has announced that a total of 489 million SOL tokens will be released in circulation. At the moment, about 260 million of these have already entered the market.

The SOL token distribution is as follows: 16.23% went towards an initial seed sale, 12.92% of tokens were dedicated to a founding sale, 12.79% of SOL coins were distributed among team members and 10.46% of tokens were given to the Solana Foundation. The remaining tokens were already released for public and private sales or are still to be released to the market.

How Is the Solana Network Secured?

Solana relies on a unique combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms. Proof-of-history is the main component of the Solana protocol, as it is responsible for the bulk of transaction processing. PoH records successful operations and the time that has passed between them, thus ensuring the trustless nature of the blockchain.

The proof-of-stake (PoS) consensus is used as a monitoring tool for the PoH processes, and it validates each sequence of blocks produced by it. The combination of two consensus mechanisms makes Solana a unique phenomenon in the blockchain industry.

Where Can You Buy Solana (SOL)?

SOL tokens can be purchased on most exchanges. One choice to trade Solana is on Binance, as it has the highest SOL/USDT trading volume, $8,947,213 as of February 2021. Next is OKEx, with a trading volume of $6,180,82. Other options to trade Solana include Bilaxy and Huobi Global. Of course, it is important to note that investing in cryptocurrency comes with a risk, just like any other investment opportunity.

Solana Historical Data – 10 days

Date Open, $ Min, $ Max, $ Market cap, $
May 10 152.87 146.15 154.67 65 887 301 807
May 11 146.22 143.81 146.49 65 305 676 166
May 12 145.73 143.50 147.41 64 366 410 037
May 13 143.55 138.16 149.54 66 004 481 135
May 14 147.19 142.94 148.52 64 130 214 021
May 15 142.09 142.09 156.06 70 002 618 490
May 16 158.08 158.08 163.64 71 434 920 869
May 17 159.18 159.18 169.69 75 360 430 831
May 18 169.51 169.51 175.06 77 282 347 571
May 19 173.19 167.80 174.41 75 989 826 214

SOL/USD Price Charts

SOL to USD price chart – 7 days
SOL to USD price chart – 30 days
SOL to USD price chart – 60 days
SOL to USD price chart – 6 months

* Crypto Rating accepts no liability for any errors in the Solana information, SOL Prices and SOL's Market Cap. For the most up-to-date prices please visit the Solana's official website.

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 88.8% 18 $66 041.52 -1.34% 7.60% $1 301 054 601 690 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 83.2% 20 $3 078.99 -1.29% 5.14% $369 861 425 373 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $1.000018 -0.02% 0.03% $111 436 886 229 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 91.2% 8 $578.99 0.63% -2.44% $85 450 657 172 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 76.8% 39 $169.28 -1.74% 16.84% $75 989 826 214 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 94.4% 1 $1.000008 0% 0.01% $33 486 527 865 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 92% 8 $0.507493 -2.59% 1.23% $28 058 766 808 XRP 7 days price change
8 Toncoin (TON) TON Toncoin predictions 65.2% 66 $6.34 -1.59% -9.55% $22 022 061 681 TON 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 81.6% 31 $0.148934 -2.73% 5.66% $21 499 911 534 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 85.2% 22 $0.468449 -3.20% 6.88% $16 714 336 337 ADA 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 76% 42 $0.000024 -3.46% 6.14% $14 022 565 533 SHIB 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 77.6% 38 $36.10 -2.82% 7.51% $13 818 367 367 AVAX 7 days price change
13 TRON (TRX) TRX TRON predictions 84% 27 $0.121232 -1.70% -4.52% $10 600 705 716 TRX 7 days price change
14 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 81.6% 25 $0.120633 -2.26% -4.59% $10 548 459 707 WTRX 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 90% 17 $66 743.66 -0.21% 8.49% $10 378 409 570 WBTC 7 days price change

News, Promo

SOL
The third wave of a crypto bear market

Bitcoin is down 7.3% over the past week, falling below $20,000 at the start of the day on Monday. Ethereum lost 9.2% to $1450, while top altcoins fell from 5% (Cardano) to 15.7% (Solana).

29 Aug 2022
SOL
Solana and Moonbirds help NFT market reach $6.3B monthly trading volume

Moonbirds contributed half a billion in trading volume in April, while Solana registered a 91% surge in NFT trading volume month over month. Solana and Moonbirds came...

06 May 2022
SOL
Solana NFT marketplace integration and DApp metrics shine even after SOL’s 20% drop

SOL price gave up a chunk of its recent gains, but data shows there are strong reasons for investors to remain bullish. Solana (SOL) price reached $143.50...

12 Apr 2022
SOL
Solana NFT sales pass $1.6B, wash trading on LooksRare and more

The Solana layer-1 blockchain network has risen to third place all-time in total NFT sales and now sits just behind Ronin and Ethereum, each of which have a commanding lead...

07 Apr 2022
SOL
Solana jumps past key selloff junction: SOL price eyes $150 in April

SOL price enters overbought territory, but history shows that bulls are not scared of Solana‘s excessive valuations. Solana (SOL) jumped past a critical resistance...

04 Apr 2022
SOL
Coinbase Wallet adds support for Solana

Coinbase has added wallet support for SOL and Solana-based tokens, and has outlined that it will look to support NFTs and dApps on the blockchain in the future too...

18 Mar 2022

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2024 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.