The Rise of Solana (SOL) Price by 19.9%: A Closer Look

Solana (SOL) has witnessed a significant surge in its price over the past week, with a notable increase of 19.9% against the US dollar. As of the 24-hour period ending on July 21st, Solana was trading 2.2% higher at approximately $172.54 or 0.00257871 BTC on various cryptocurrency exchanges. The total market cap of Solana stands at $80.12 billion, with approximately $1.90 billion worth of Solana being traded in the last 24 hours.

Performance Comparison with Other Cryptocurrencies

While Solana experienced a substantial increase, other cryptocurrencies also demonstrated varied performance over the same period:

  • KILT Protocol (KILT) traded up 1.9% against the dollar at $0.20 or 0.00000302 BTC.
  • Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar.
  • Zoo Token (ZOOT) traded 2.2% lower against the dollar at $0.0652 or 0.00000239 BTC.
  • CareCoin (CARES) traded down 2.2% against the dollar at $0.0809 or 0.00000297 BTC.
  • Kitty Inu (KITTY) traded up 1.9% against the dollar.
  • Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar.
  • Jeff in Space (JEFF) traded 2.2% lower against the dollar at $2.75 or 0.00010076 BTC.
  • Lumi Credits (LUMI) traded down 0.7% against the dollar at $0.0128 or 0.00000019 BTC.

Understanding Solana’s Profile

Solana, using the hashing algorithm, emerged on March 16, 2020. The total supply of Solana coins is 580,592,882, with a circulating supply of 464,344,298 coins. For more information, the official Solana website, Twitter account, and community platforms are available for exploration. Solana’s blockchain network processes transactions adeptly with its unique delegated Proof-of-Stake (dPoS) consensus algorithm, offering impressive speed and throughput capabilities.

Purchasing and Trading Solana

Acquiring Solana directly with US dollars can be challenging. Investors often opt to first buy Ethereum or Bitcoin from exchanges like Coinbase or GDAX that accept US dollars and then proceed to trade these cryptocurrencies for Solana on compatible exchanges.

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With Solana’s recent surge in price and growing popularity, it continues to draw the attention of the cryptocurrency community as a high-performance blockchain that offers unique features and promising potential for the future.