Solana Achieves Market Capitalization of $60.26 Billion (SOL)

Solana (SOL) traded 2.8% lower against the US dollar during the twenty-four hour period ending at 9:00 AM E.T. on July 5th. Solana has a total market cap of $60.26 billion and $4.65 billion worth of Solana was traded on exchanges in the last day. Over the last week, Solana has traded down 10.7% against the US dollar. One Solana coin can currently be purchased for approximately $130.19 or 0.00235333 BTC on exchanges.

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

• KILT Protocol (KILT) traded 2.4% lower against the dollar and now trades at $0.18 or 0.00000325 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.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 1.4% lower against the dollar and now trades at $0.0116 or 0.00000021 BTC.

Solana Profile

Solana (CRYPTO:SOL) uses the hashing algorithm. It launched on March 16th, 2020. Solana’s total supply is 579,532,116 coins and its circulating supply is 462,885,126 coins. The official message board for Solana is solana.com/news. Solana’s official website is solana.com. 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.

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.”

Solana Coin Trading

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 Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Solana using one of the exchanges listed above.

SOL/USD price chart by TradingView