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Solana Crypto Price Today, SOL to USD Live, Market Cap

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Solana crypto
What is Solana crypto? How does SOL work & should you invest?
Solana crypto
What is Solana crypto? How does SOL work & should you invest?

Looking at the list of the top traded crypto assets we can see the market leaders with the highest market capitalisation and trade volume. Among the most traded coins on all rankings, Solana deserves special attention. Let’s take a closer look at this asset and track its price history in this article.

What is Solana?  

Solana crypto is a native cryptocurrency of the Solana blockchain. It runs on the Proof-of-Stake and Proof-of-History mechanisms and allows for coin staking. Staking means that every SOL holder can lock one’s coins on the network and receive rewards. The more coins are locked, the bigger the chance you will create a new block in the blockchain. When data is recorded in the Solana blockchain, it does not transfer the whole history but only the information from a neighboring node, making the Solana network so speedy and efficient.

Solana offers:

  1. High throughput
  2. Accessibility for staking
  3. Low fees
  4. Speedy transactions.

Based on the Solana network, developers built decentralized applications, NFT, blockchain games, etc. The network already hosts dozens of products developed on top of its blockchain.

SOL price is $13,61 as of mid-November 2022. The market capitalization exceeds $4 billion.

SOL Cryptocurrency Price

Solana coin has lived through its ups and downs from the first day of its release; same as all crypto projects, Solana price changes depending on the market trend and news background. During the last 30 days, the asset has dropped against the backdrop of the FTX exchange financial problems revealed. In early November, it exceeded $37. The SOL crypto emission is limited to 489 coins.

Where to Buy SOL

SOL crypto is listed on all popular crypto exchanges. We recommend using the WhiteBIT platform, for it is easy to handle for a beginner trader. Two versions of the interface are offered – one for novices and another for advanced users. On WhiteBIT, you will find SOL to USD live price and complete transactions in a matter of seconds. WhiteBIT provides tools for trading digital assets with fiat currencies. Read more about the WhiteBIT platform on its official website and blog.

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