Crypto
Cryptocurrency platforms offer a variety of digital assets for trading and investing. Top credible crypto projects include:
- Bitcoin
- Solana
- Ethereum
- Cardano
In this article, we will consider one well-known project, Solana.
The Solana blockchain was launched as an alternative to the Ethereum blockchain. Solana offers a much greater transaction speed and incredibly lower fees for transactions. That is the reason why this project competes with Ethereum.
The main difference between these two popular blockchains is the principle of their work and coin emission. While Ethereum’s underlying principle is the Proof-of-Work consensus protocol, then for Solana, it is the Proof-of-Stake mechanism with the addition of a new technology called Proof of History.
SOL is a native cryptocurrency of Solana. The current price crypto is $32,65.
Key Takeaways
Possibilities on the Solana platform:
- Developers can build decentralized applications on the Solana blockchain.
- The Solana blockchain recorded 1,48 billion transactions a month.
- The market capitalisation reaches $11,4 billion.
- Creation of NFTs and smart contracts.
Sol Crypto Price
The same as other digital currencies, the SOL cryptocurrency price is highly volatile. Based on the analysis of SOL price fluctuations this year, analysts suppose the rate will grow to around $47,32 by November 2022.
Talking about the SOL crypto price prediction for 2023, experts concluded it will reach $68,06 – $70,00.
As we can see, the forecast is quite promising, so it would be a good idea to invest in this project now as its price crypto is low. However, every investment is a risk, so you should analyze the project by yourself and decide on investing in it.
SOL crypto is available on the WhiteBIT exchange at a current price. The platform offers over 400 crypto pairs and all possible trading tools, including staking, futures, margin, etc. Registered clients can deposit and withdraw funds directly from their bank cards.
