Solana Market Capitalization Tops $84.83 Billion (SOL)

Solana (SOL) traded 0.2% higher against the U.S. dollar during the 1-day period ending at 10:00 AM ET on February 22nd. During the last seven days, Solana has traded 10.7% lower against the U.S. dollar. One Solana coin can now be purchased for $173.57 or 0.00179568 BTC on major cryptocurrency exchanges. Solana has a total market capitalization of $84.83 billion and $3.34 billion worth of Solana was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed during the last day:

• Taiko (TAIKO) traded down 1.8% against the dollar and now trades at $1.04 or 0.00001073 BTC.
• 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 down 2.2% 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 down 1.7% against the dollar and now trades at $96,412.78 or 0.99742043 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 2.4% lower against the dollar and now trades at $95,962.91 or 0.99276634 BTC.

About Solana

Solana uses the hashing algorithm. It launched on March 16th, 2020. Solana’s total supply is 594,682,635 coins and its circulating supply is 488,730,406 coins. Solana’s official Twitter account is @solana and its Facebook page is accessible here. The Reddit community for Solana is https://reddit.com/r/solana and the currency’s Github account can be viewed here. Solana’s official message board is solana.com/news. The official website for Solana is solana.com.

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 purchase alternative cryptocurrencies such as Solana directly using US dollars. Investors seeking to trade Solana should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Solana using one of the aforementioned exchanges.

SOL/USD price chart by TradingView