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

Solana

SOL

SOL to USD Price

$148.52

Solana Market Cap

$68.59B

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SOL USD price chart / performance

SOL USD price chart / performance

From
Jun 9, 2024
To
Jun 16, 2024
Past performanceis not indicative of future results. USD ($) currency fluctuations can cause returns to go up or down. Returns shown are before fees.See feesandasset data disclosurefor more details.

Returns

Returns

Return (24h)
+2.23%
Return (7D)
-7.99%
Return (1M)
-6.56%
Return (1Y)
+893.00%

My Investment

My Investment

Profit Taken
$0.00
0.00%
You Have:
$0.00
Unrealised P/L
$0.00
0.00%

Solana (SOL) History and Overview

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. The live Solana to USD conversion is $ 148.55.

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.

The current price of 1 SOL in USD is $ 148.55.

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.

Blockchain Index
14 Jun, 2024

Solana ETF May Be Next, But Patience is Key 

The approval of $BTC and $ETH ETFs has sparked excitement for altcoin ETFs in the U.S., with Solana $SOL as a potential candidate. However, Bloomberg analyst James Seyffart believes it could take years for this to happen. The SEC's classification of SOL as a security complicates matters. Regulatory clarity and a federally regulated market are prerequisites for any altcoin ETF. Currently, there's no such market for SOL. The 2024 U.S. Presidential Election might influence the process, especially with pro-crypto candidates in the race.


Solana ETF and Market Requirements 

To approve a Solana ETF, the SEC needs clarity on whether SOL is a commodity or security and a regulated market. The CME, regulated by the CFTC, currently handles Bitcoin and Ethereum futures. But no such market exists for SOL. Before a spot ETF, a futures ETF for Solana is necessary. The lack of a federally regulated market for SOL is a significant barrier. Only a future-friendly administration might change this scenario.


The 2024 Election and Crypto ETFs 🗳

The upcoming U.S. Presidential Election could accelerate the approval of altcoin ETFs. Pro-crypto candidates like Donald Trump and Robert F. Kennedy Jr. might create a more favourable environment. Their support could lead to faster regulatory changes for crypto assets. However, this remains speculative. Even with a supportive administration, substantial progress in the regulatory framework is needed. The election outcome could be a turning point for crypto regulations.


Solana's Centralization Dilemma 

Solana faces centralization issues that could hinder its ETF approval. Efforts are being made to decentralise the network by increasing validators and improving resilience. Despite these efforts, some experts remain sceptical. The CME currently can't list Solana futures due to its classification as a security. The path to decentralisation and ETF approval is still long.


Solana's Thriving Meme Coin Market 

Solana is making waves with its meme coin market, led by Sealana. Sealana, inspired by South Park's Gamer Guy, has raised millions in its ICO. Other successful Solana meme coins include DogWifHat, Bonk, and Popcat. These coins have gained significant market capitalization quickly. The rise of meme coins showcases Solana's potential for innovation. However, it also underscores the network's need for regulatory clarity.

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4 people like this
GoldenFibs
12 Jun, 2024

Good reaction on $SOL so far from the GP box but rebound at 170 will be a challenge if RSI on the daily chart fails to get over the 50 level into the positive territory.

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2 people like this
GoldenFibs
10 Jun, 2024

Hey Degen, You won't retire in one trade.

Don't get tired.

Fatigue causes poor decisions and the market punishes you for it.

If you feel exhausted step away from the screens.

A long term approach does the work for you.


$BTC $SOL

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One person likes this
GoldenFibs
10 Jun, 2024

$SOL 3 of 3


Today will be the close of the current 3 day candle where we need the RSI to hold above the mid 50 level and that could offer a great reset to bounce.


Ideally the 3 day candle offers a bounce today and we avoid a bearish engulfing.


That's the positive outlook for price going higher.


For those wanting lower, losing the pivot which is marked means we then look to the lower purple box to come into play.


Similar situation on many coins, RSI levels lost and new momentum is needed to push higher.

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2 people like this
GoldenFibs
10 Jun, 2024

$SOL 2 of 3


Today we now see the loss of that daily RSI level below the 50 mid level.


On the chart the orange box is the Fibonacci rejection zone which has done just that.


The highest purple box is a golden pocket and the lower one a minus 1.618 retracement. Both areas to look for a bounce. In the next post we look at the 3 day chart which offers a better look for the RSI...

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2 people like this

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Solana Price FAQ

What Is the Highest Price of Solana (SOL) in USD?

Solana (SOL) price history shows the highest value of 257.60 USD . 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 (SOL) in USD?
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What Is the Current Price of Solana (SOL) in USD?
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