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Solana

Solana priceSOL

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SOL
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1 SOL = 102.05 USD
Last updated 2024-02-23 09:59:22(UTC-0)

Solana price live data summary

The live price of Solana is $102.05 per (SOL / USD) today with a current market cap of $45.00B USD. The 24-hour trading volume is $1.59B USD. SOL to USD price is updated in real time. Solana is -4.45% in the last 24 hours. It has a circulating supply of 440,961,440 .

What is the highest price of SOL?

SOL has an all-time high (ATH) of $260.06, recorded on 2021-11-06.

What is the lowest price of SOL?

SOL has an all-time low (ATL) of $0.5052, recorded on 2020-05-11.

When is a good time to buy SOL? Should I buy or sell now?

When deciding whether to buy or sell SOL, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget SOL technical analysis can provide you with a reference for trading.
According to the SOL 4h technical analysis, the trading signal is Strong sell.
According to the SOL 1d technical analysis, the trading signal is Sell.
According to the SOL 1w technical analysis, the trading signal is Strong buy.

Solana price performance in USD

24h7d30d90d1yAll-time
-4.45%-8.32%+17.60%+74.55%+318.72%+46275.71%

Solana price history in USD

TimeLowHigh
24h$101.12$107
7d$100.41$114.72
30d$85.27$118.33
90d$53.71$125.19
1y$13.38$125.19
All-time$0.5052(2020-05-11, 3 years ago )$260.06(2021-11-06, 2 years ago )

Solana market information

Market capCombinedShapeIcon
$45,001,443,481.7
-4.45%
Fully diluted market capCombinedShapeIcon
$58,191,471,933.56
-4.45%
Volume (24h)CombinedShapeIcon
$1,587,845,269.56
-31.48%
Market rankingsCombinedShapeIcon
Circulation rateCombinedShapeIcon
+77.00%
24h volume / market capCombinedShapeIcon
0.0352
Circulating supplyCombinedShapeIcon
440,961,440 SOL
Total supply / Max supplyCombinedShapeIcon
570,208,290.34 SOL
-- SOL
ICO price
$0.2200 ICO details
share

Solana ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

Solana Social Data

In the last 24 hours, the social media sentiment score for Solana was 0, and the social media sentiment towards Solana price trend was Bearish. The overall Solana social media score was 4,086,018, which ranks 6 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,240,010 times, with Solana being mentioned with a frequency ratio of 5.28%, ranking 4 among all cryptocurrencies.

In the last 24 hours, there were a total of 0 unique users discussing Solana, with a total of Solana mentions of 65,430. However, compared to the previous 24-hour period, the number of unique users decrease by 0%, and the total number of mentions has increase by 17%.

On Twitter, there were a total of 682 tweets mentioning Solana in the last 24 hours. Among them, 15% are bullish on Solana, 13% are bearish on Solana, and 72% are neutral on Solana.

On Reddit, there were 0 posts mentioning Solana in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Solana. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

All social overview

Average sentiment(24h)
0
Social score(24h)
4.09M(#6)
Social contributors(24h)
0
0%
Social mentions(24h)
65.43K(#4)
+17%
Social dominance(24h)
5.28%
Twitter
Tweets(24h)
682
-2%
Twitter sentiment(24h)
Bullish
15%
Neutral
72%
Bearish
13%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
0
0%
Reddit comments(24h)
0
0%

About Solana(SOL)

What Is Solana?

Solana is a high-performance, permissionless blockchain designed to facilitate decentralized app (dApp) development. It was founded in 2017 by a former Qualcomm, Dropbox, and Intel engineer, Anatoly Yakovenko. After three years of rigorous development and testing, Solana officially launched in 2020.

The primary mission of Solana is to support all high-growth and high-frequency blockchain applications, and to democratize the world’s financial systems. Its unique design allows it to process up to 65,000 transactions per second, a remarkable achievement in the realm of public blockchains. This immense scalability allows Solana to handle the increasing demands of decentralized applications, providing a viable solution for mass blockchain adoption.

Resources

Whitepaper: https://solana.com/solana-whitepaper.pdf

Official website: https://solana.com/

How Does Solana Work?

Solana's remarkable performance stems from its unique architecture. Key to this architecture is Solana's novel consensus mechanism called Proof of History and the Tower BFT consensus algorithm.

Proof of History (PoH)

At the heart of Solana's operation is the innovative Proof of History (PoH), a decentralized clock that helps create a secure, shared sense of time within the network. PoH allows for the creation of a historical record of all the events and transactions on the network, making it easy to verify the sequence and passage of time between them. This consensus mechanism significantly enhances Solana’s throughput and scalability.

Tower Byzantine Fault Tolerance (Tower BFT)

Tower BFT is Solana's customized version of the traditional Byzantine Fault Tolerance (BFT) consensus mechanism. Using the historical record provided by PoH, Tower BFT brings in an additional layer of security to the network. It helps validators agree on the order of the blocks more quickly and safely, contributing to the high speed and security of the Solana blockchain.

Smart Contracts and dApps

Solana's seamless execution of smart contracts is another reason for its increasing popularity among developers. Solana’s Sea Level parallel runtime allows for concurrent execution of smart contracts, improving transaction processing speeds. The result is a network capable of supporting sophisticated dApps that are as performant as traditional web applications.

What Is the SOL Token?

Solana's native cryptocurrency, SOL, plays a pivotal role within its ecosystem. It acts as the fuel for transaction processing and computation, ensuring the smooth operation of decentralized apps. Moreover, it serves as the staking token for the network’s validators, who secure the network and process transactions in return for rewards in SOL.

Conclusion

In conclusion, Solana's innovative technology and extraordinary scalability have driven its rapid growth, reinforcing its role as a leading blockchain platform. Despite a significant security breach, Solana demonstrated resilience and commitment to securing its ecosystem. This adaptability, coupled with its ability to support high-frequency blockchain applications, positions Solana as a pivotal player in advancing blockchain adoption.

Related Articles about Solana

Solana (SOL) Introduction

Solana's $6M Hack: How to Protect Your Money with the Bitget Protection Fund

How to buy Solana (SOL)

Buying Solana on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Solana (SOL) .

Trade SOL perpetual futures

After having successfully signed up on Bitget and purchased USDT or SOL tokens, you can start trading derivatives, including SOL futures and margin trading to increase your income.

The current price of SOL is $102.05, with a 24h price change of -4.45%. Traders can profit by either going long or short onSOL futures.

Join SOL copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or SOL tokens, you can also start copy trading by following elite traders.

Solana news

See more
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Brave Rewards users can use the Solana on-chain wallet to receive BAT rewards

Cointime2024/02/23 02:45
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Farcaster: Solana addresses can now be verified on Farcaster

Cointime2024/02/23 00:37
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Ondo Finance integrates tokenized treasury bills into Aptos

Cointime2024/02/22 15:22
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Solana’s total locked-up volume reaches $2.03 billion

Cointime2024/02/22 14:50
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Top 3 Altcoins to Watch in March

Here are three of the top altcoins that are worth watching in March.

Cryptopotato2024/02/22 14:19

People are also inquiring about the price of Solana.

What is the current price of Solana?

We update our Solana to USD price in real time. Get the live Price of Solana on Bitget.

What is the 24 hour trading volume of Solana?

Over the last 24 hours, the trading volume of Solana is $1.59B.

What is the all-time high of Solana?

The all-time high of Solana is $260.06. This all-time high is highest price for Solana since it was launched.

Can I buy Solana on Bitget?

Yes, Solana is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Solana guide.

Can I get a steady income from investing in Solana?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Solana with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

How many transactions per second (TPS) can Solana handle?

Solana boasts a high throughput capacity, claiming to be able to process upwards of 710,000 transactions per second (TPS), which makes it one of the fastest blockchains as of 2023.

What's the average transaction fee on Solana?

Solana's transaction fee is often less than $0.001, making it significantly cheaper than Ethereum, especially during peak congestion times.

Is it possible to stake SOL tokens?

Yes, SOL tokens can be staked. Staking SOL helps to secure the Solana network, and in return, stakers receive rewards for their participation. The exact returns can vary, and there are various platforms and services that allow for SOL staking.

Is Solana's price correlated with Bitcoin or Ethereum's price?

While Solana has its unique factors that influence its price, the crypto market tends to move in tandem. This means that significant price movements in major cryptocurrencies like Bitcoin or Ethereum can impact the price of other coins, including Solana. However, specific news or developments related to Solana can also drive its price independently.

What is the history of Solana's price?

Solana's price history has seen significant volatility, much like other cryptocurrencies. Solana's mainnet beta launched in March 2020. In the months that followed, SOL traded for less than US$1 for a considerable portion of the year. The narrative began to shift in early 2021 as the token caught traction, with its price climbing to between US$20 and US$30 by April. May saw the coin hit US$50, though a broader market correction. However, by late summer 2021, a combination of growing interest in Solana's ecosystem, successful projects like the Degenerate Ape Academy NFT launch, and other intrinsic factors catalyzed a bullish run, propelling SOL past the US$200 mark in September. In November 2021, Solana reached its all-time high of US$260. As of August 2023, Solana is traded at the price US$21.6.

Will Solana (SOL) reach US$100 again in 2023?

Solana's potential to reach $100 again has garnered mixed opinions from experts. On the positive side, Solana boasts impressive transaction speeds and scalability, and its recent growth trends, coupled with increasing adoption and potential partnerships, suggest a bullish future. However, challenges such as past security issues, technical errors, and the aftermath of the FTX scandal have raised concerns. While some experts believe in Solana's potential to climb back, possibly reaching $30 to $35 by the end of 2023, others advise caution, implying that a rapid ascent to the $100 mark might not be on the immediate horizon. Investors should approach with caution and conduct thorough research before making decisions.
Cryptocurrency investments, including buying Solana online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Solana, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Solana purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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