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See the live Solana price UK. Buy Solana in the UK or add it to your Crypto Strategy.

Solana

SOL

SOL to GBP Price

£55.64

Solana Market Cap

£23.72B

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SOL GBP price chart / performance

Data Disclosure
From
Dec 4, 2023
To
Dec 11, 2023

Strategies with SOL

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Returns

Return (24h)
-2.92%
Return (7D)
+14.02%
Return (1M)
+21.96%
Return (1Y)
+400.41%

My Investment

Profit Taken
£0.00
0%
Profit/Loss
£0.00
0%
You Have:

Solana (SOL) History and Overview

Solana is a third-generation blockchain built to enable the creation of smart contracts and decentralized applications (DApps). It supports a variety of decentralized finance (DeFi) platforms and non-fungible token (NFT) marketplaces. The blockchain itself was founded in 2017, while its native token, SOL, launched in 2020.

The main aim of this project is to function like the Ethereum blockchain while fixing some of its main problems, especially how it scales to handle a lot of users and how fast it can process transactions.

It uses a new kind of agreement method that blends Proof-of-History (PoH) with a special kind of Proof-of-Stake. Solana co-founder Anatoly Yakovenko published a white paper in November 2017 describing the proof-of-history (PoH) concept.

This lets it handle more than 710,000 transactions every second without requiring additional scaling. PoH works by making a series of calculations that create a digital log. This helps confirm the time at which a particular event took place.

The SOL token is Solana's native cryptocurrency and utility token. It serves as a means of transferring value while providing blockchain security through staking. In addition, users can receive rewards and pay transaction fees. Further, SOL enables users to participate in governance.

Solana's system is designed to show how a group of computer programs can work together to get rid of delays in performance when used with a blockchain. This combination lets the number of transactions processed per second grow as the network's data transfer rate increases.

Solana's architecture has all three important qualities needed for a good blockchain: it is scalable, secure, and decentralized. The architecture can handle up to 710,000 transactions per second on a regular internet connection. This can increase to 28.4 million transactions per second on a faster, 40-gigabit connection.

Solana's blockchain works using two consensus mechanisms to agree on transactions: proof-of-history (PoH) and proof-of-stake (PoS). With PoS, validators check and approve new entries in the blockchain’s record. They can do so based on the amount of Solana’s currency they own. PoH, on the other hand, lets transactions be marked with a timestamp and checked very quickly.

How To Buy Solana or Add it to your Strategy

The fastest, most convenient way to purchase Solana is to purchase it on ICONOMI. We check Solana live prices on 10+ crypto exchanges and buy it at the best market price.

You can buy Solana by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.

We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Solana is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).

If you are unfamiliar with analyzing cryptocurrency prices and want to buy Solana, we recommend you read the next section, as copying might be a better approach.

Add Solana to your portfolio by copying a Strategy

If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Solana in their structure.

Posts

Here you can read and comment on all posts made by Strategists about Solana SOL. See all Solana price predictions in real time and make the best use of their crypto knowledge.

As the markets corrected, we took profits in $MINA and bought back $BTC and $SOL at lower prices.


We took some profits in $INJ as well and added to our $ETH position.

4 people like this

Removed $SOL as we may rotate into $NEAR for higher gains. Expect SOL to be more range bound

One person likes this

Dear valued clients,

We would like to inform you that on December 11, 2023, we will be automatically executing a rebalancing of the Digital Asset Array (DAA) within the Crypto Assets DAA strategy.


The current active DAA structure will be as follows:

$BTC

$INJ

$SOL

$AVAX

$ADA

$NEAR

$MINA

Post image
2 people like this

Amazing bullday for the alts. We lowered our $BTC allocation to 10% in order to profit from this alt-weekend. We took a 5% position in $MINA as we expect it to pop in the next few hours. We will sell it, when it does. It could spike 40-50% in the blink of an eye.


We took some profits in our $SOL position as well. It is reaching possible resistance at 80usd.


We added slightly to our $LDO as we expect it to pop when $ETH continues to grind higher.

2 people like this
Pigster Crypto
8 Dec, 2023

Looks like the altcoins followed the $BTC narative. Yesterday $SOL saw a nice pump from which we gave a 4% to $PAXG. Others ($LINK, $INJ and $DOT) followed nicely as well. The plan is the same, from the profits, we'll be taking smaller chunks of % and will be putting them into $PAXG and $USDC. At corrections we'll buy with those positions.

Have a great weekend guys!🤙

4 people like this

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Solana Price FAQ

What Is the Highest Price of Solana in GBP?

Solana price UK history shows the highest value of 191.06 GBP . We recorded this price on November 7, 2021, but we cannot exclude that a higher price was registered before August 28, 2020.

What Is the Lowest Price of Solana in GBP?
How to buy Solana in the UK?
What Is the Current Solana Price UK in GBP?
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