Solana (SOL) Price Tops $186.23 on Exchanges

Solana (SOL) traded up 0.8% against the US dollar during the 24 hour period ending at 15:00 PM Eastern on July 29th. One Solana coin can currently be purchased for $186.23 or 0.00276386 BTC on popular exchanges. Solana has a total market cap of $86.57 billion and $3.43 billion worth of Solana was traded on exchanges in the last 24 hours. During the last week, Solana has traded up 2.1% against the US dollar.

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

• KILT Protocol (KILT) traded 0.2% lower against the dollar and now trades at $0.18 or 0.00000274 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 down 2.2% 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded down 0.3% against the dollar and now trades at $0.0134 or 0.00000020 BTC.

Solana Profile

SOL uses the hashing algorithm. Its launch date was March 16th, 2020. Solana’s total supply is 581,199,460 coins and its circulating supply is 464,827,147 coins. The official message board for Solana is solana.com/news. The official website for Solana is solana.com. The Reddit community for Solana is https://reddit.com/r/solana and the currency’s Github account can be viewed here. 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 purchase alternative cryptocurrencies such as Solana directly using U.S. dollars. Investors seeking to acquire Solana should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Solana using one of the aforementioned exchanges.

SOL/USD price chart by TradingView