Solana (SOL) Trading 0.3% Higher This Week

Solana (SOL) traded 0.3% lower against the US dollar during the one day period ending at 20:00 PM ET on July 28th. Solana has a total market cap of $85.74 billion and $1.86 billion worth of Solana was traded on exchanges in the last 24 hours. During the last week, Solana has traded 0.3% higher against the US dollar. One Solana coin can now be bought for $184.50 or 0.00270693 BTC on exchanges.

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

• KILT Protocol (KILT) traded 0.5% lower against the dollar and now trades at $0.18 or 0.00000271 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 down 2.2% 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.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% 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 0.3% higher against the dollar and now trades at $0.0134 or 0.00000020 BTC.

Solana Profile

Solana (SOL) uses the hashing algorithm. Its genesis date was March 16th, 2020. Solana’s total supply is 581,040,716 coins and its circulating supply is 464,712,107 coins. 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. Solana’s official website is solana.com. Solana’s official Twitter account is @solana and its Facebook page is accessible 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 presently possible to buy alternative cryptocurrencies such as Solana directly using U.S. dollars. Investors seeking to acquire Solana should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Solana using one of the exchanges listed above.

SOL/USD price chart by TradingView