Solana $SOL is a project officially launched in March 2020 by the Solana Foundation (Geneva, Switzerland). Solana’s founder, Anatoly Yakovenko, is the most important person behind Solana.
Solana provides facilities such as Defi and the NFT marketplace. Unique technology from Solana is able to provide transaction speeds of up to 50,000 TPS (Transactions Per Second) with high security and scalability. Solana is also known as DEX with a low fee.
Solana price today, SOL to USD live, marketcap and chart | CoinMarketCap
Before solana hit its current low of $11.46, it had hit all time high $257. This dump of Solana $SOL occurred due to several incidents namely
- Solana as one of the Terra Luna (LUNC) reserves is being sold on a large scale
- Solana got hacked than halted
- Solana’s TVL value dropped by more than 90%
Then some time ago, Google collaborated with Solana as a validator
The drastic price reduction experienced by Solana has made some people see that Solana has no hope of returning to its all time high. However, from the analysis conducted by @Delphi_Digital Solana is the number 2 Blockchain NFT ecosystem after Etherium
Solana’s 30-day sales volume has reached US$60 million. This value is bigger than Blockchain Polygon, BNB, Cardano. Even though Etherium still occupies the number 1 position with sales volume of around US$400 million. Solana is still able to take second place even though the price of the coin has dropped dramatically.
One of the Solana Investors, Justin Barlow, gave a clue that a number of games are planned to be released on the Solana chain in 2023. The launch of Solana-based phones will also support this important momentum.
Will you make it a fortune to buy Solana $SOL if the price returns to its All Time High ? or do you prefer certain coins like Etherium and Bitcoin ?
