Solana Price Down 9.7% Over Last Week (SOL)

Solana (SOL) traded down 7.1% against the US dollar during the 1 day period ending at 9:00 AM Eastern on July 4th. Solana has a total market capitalization of $61.44 billion and approximately $3.01 billion worth of Solana was traded on exchanges in the last 24 hours. One Solana coin can now be purchased for $132.72 or 0.00232441 BTC on exchanges. In the last week, Solana has traded 9.7% lower against the US dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

• KILT Protocol (KILT) traded down 7.6% against the dollar and now trades at $0.19 or 0.00000329 BTC.
• 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 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 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded down 1.6% against the dollar and now trades at $0.0118 or 0.00000021 BTC.

About Solana

Solana (CRYPTO:SOL) uses the hashing algorithm. It was first traded on March 16th, 2020. Solana’s total supply is 579,536,208 coins and its circulating supply is 462,888,459 coins. Solana’s official Twitter account is @solana and its Facebook page is accessible here. Solana’s official website is solana.com. Solana’s official message board is solana.com/news. 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.”

Buying and Selling Solana

It is usually not possible to purchase alternative cryptocurrencies such as Solana directly using U.S. dollars. Investors seeking to acquire Solana should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Solana using one of the aforementioned exchanges.

SOL/USD price chart by TradingView