Solana Trading Up 20.9% Over Last Week (SOL)

Solana (SOL) traded 9.1% higher against the US dollar during the twenty-four hour period ending at 7:00 AM ET on February 13th. Solana has a total market capitalization of $49.88 billion and approximately $2.89 billion worth of Solana was traded on exchanges in the last day. In the last seven days, Solana has traded 20.9% higher against the US dollar. One Solana coin can currently be bought for $114.07 or 0.00228280 BTC on major cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in the last day:

  • KILT Protocol (KILT) traded up 1.7% against the dollar and now trades at $0.34 or 0.00000671 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
  • Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
  • Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
  • Lego Coin (LEGO) traded up 53.5% against the dollar and now trades at $0.0155 or 0.00000031 BTC.
  • Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
  • Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
  • Lumi Credits (LUMI) traded 0% lower against the dollar and now trades at $0.0091 or 0.00000019 BTC.

About Solana

SOL uses the hashing algorithm. Its launch date was March 16th, 2020. Solana’s total supply is 569,373,782 coins and its circulating supply is 437,307,713 coins. The Reddit community for Solana is https://reddit.com/r/solana and the currency’s Github account can be viewed here. Solana’s official website is solana.com. The official message board for Solana is solana.com/news. Solana’s official Twitter account is @solana and its Facebook page is accessible here.

According to CryptoCompare, “Solana (SOL) is a high-performance blockchain that uses a delegated Proof-of-Stake (dPoS) consensus algorithm and a unique method of ordering transactions to improve speed and throughput. It can process over 50,000 transactions per second and has 400ms block times, allowing it to scale without relying on Layer-2 systems or sharding. The network has processed over 21 billion transactions and has a native cryptocurrency, the SOL utility token, which is used to pay for transaction fees and interact with smart contracts on the blockchain. It can also be staked to earn staking rewards. Decentralized applications being built on Solana may create additional use cases for the SOL token, such as being used as collateral for loans or earning interest when lent out.”

Buying and Selling Solana

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

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