Solana (SOL) Price Down 12.8% This Week

Solana (SOL) traded 8.7% higher against the US dollar during the 24-hour period ending at 11:00 AM ET on December 24th. Solana has a total market capitalization of $94.47 billion and $4.03 billion worth of Solana was traded on exchanges in the last 24 hours. One Solana coin can currently be bought for approximately $197.03 or 0.00200891 BTC on cryptocurrency exchanges. During the last seven days, Solana has traded down 12.8% against the US dollar.

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

• 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 2.2% lower 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.
• 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.
• SolvBTC (SOLVBTC) traded up 4.7% against the dollar and now trades at $97,519.60 or 0.99428489 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 4.3% against the dollar and now trades at $96,390.84 or 0.98277637 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Solana Coin Profile

Solana uses the hashing algorithm. Its launch date was March 16th, 2020. Solana’s total supply is 590,788,177 coins and its circulating supply is 479,443,914 coins. The official message board for Solana 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. The official website for Solana is solana.com. Solana’s official Twitter account is @solana and its Facebook page is accessible here.

According to CryptoCompare, “Solana (SOL) is a highly scalable blockchain platform designed to enable fast, low-cost, and decentralised applications. Its hybrid consensus model, combining Proof of Stake and Proof of History, ensures efficient transaction processing. SOL is the native cryptocurrency used for fees, staking, and governance. Solana was founded by Anatoly Yakovenko and launched in 2020 with a focus on mass adoption, supporting a wide array of use cases including DeFi, NFTs, and gaming.”

Buying and Selling Solana

It is usually not possible to buy alternative cryptocurrencies such as Solana directly using US dollars. Investors seeking to trade Solana should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Solana using one of the exchanges listed above.

SOL/USD price chart by TradingView