Solana Coin Price and Solana's Beginning in the Crypto World
Rancakmedia.com – Get to know Solana Coin, the current price of Solana Coin and how Solana first came into existence in the crypto world. In the last two years, the world of cryptocurrencies has experienced a major surge, with new coins and older coins.
Solana coin is one of them, and it has made its way into the crypto world, where the meme token battle is really hot. There are many coins with the dog symbol on them that were once thought to be connected, but turned out to be unrelated.
There has been a lot of buzz around the Solana coin recently, with all the crypto mania and excitement about it. SOL is another name for the Solana coin. Consider the start of the Solana crypto world.
Solana's First Time In The Crypto World
Developer Anatoly Yakovenko originally revealed the concept for Solana back in 2017, and the first version of SOL was released in March last year. Interestingly, its value started to increase dramatically last summer and it has already managed to become one of the coins with great popularity and place in the top 10.
Using proof of ownership and historical evidence, Solana has been developed as an open source, decentralized money. Once Solana was officially released, it was primarily intended to enable smart contracts and the building of decentralized applications, or dapps.
In the context of NFTs and DeFi, Bloomberg and others refer to Solana as a coin with “long-term promise” and “a solution to challenge Ethereum.” Bitwise Asset Management's Chief Investment Officer told CBS Make It that "Solana is the leading Ethereum competitor."
Solana offers lower fees and can perform more transactions per unit of time than Ethereum, but the blockchain's early-drive strategy has prevented it from reaching widespread use.
Despite the inability to make precise, quick modifications were needed to keep up with SOL and similar rivals. Solana is a PoS (proof-of-stake) blockchain, letting it run in a way that makes it more environmentally friendly than many of the other top coins on the market, including big players Ethereum and Bitcoin.
At the start of 2021, SOL is valued at around $1.50, and the token market cap is around $86 million. Since then, it has been valued at almost 12.300%, and one SOL is now priced at over $200. Solana has surpassed $62 billion in market cap to rank as the 6th most valuable cryptocurrency.
Meanwhile, when this story was published according to Coinmarketcap statistics, the Solana Coin price in rupiah was IDR 3,413,854 with a 24-hour trading volume of IDR 38,282,970,879,836. Solana's rupiah value is updated in real time on Coinmarketcap. Solana fell 3.13 percent in the previous 24 hours.
CoinMarketCap's current rating is 6, with an instant market capitalization of IDR 1,033,198,879,402,587. There are 302,648,778 Solana coins in circulation, and the maximum supply is unknown. If you want to know where to buy Solana, the main exchanges to trade on Solana right now are Binance, Mandala Exchange, OKEx, FTX, and Huobi Global.