Solana Coin Price and the Beginning of Solana Appearing in the Crypto World

Lovata Andrean

Solana Coin Price and the Beginning of Solana Appearing in the Crypto World
Solana Coin Price and the Beginning of Solana Appearing in the Crypto World

Rancakmedia.com – Get to know Solana Coin, the current price of Solana Coin and how Solana first appeared in the crypto world. In the last two years, the cryptocurrency world has experienced a huge surge, with new coins and old 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 it turns out they are not related.

There's 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 beginning of the Solana crypto world.

Solana is First in the Crypto World

Developer Anatoly Yakovenko initially revealed his concept for Solana in 2017, and the first version of SOL was released in March last year. Interestingly, its value started to increase drastically last summer and has already managed to become one of the coins with great popularity and is placed in the top 10. Solana is First in the Crypto World

Using proof of stake and proof of history, 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 have called Solana a coin with “long-term promise” and “a solution to challenge Ethereum.” Bitwise Asset Management Chief Investment Officer told CBS Make It that “Solana is a leading Ethereum competitor.”

Solana offers cheaper fees and can perform more transactions per unit of time than Ethereum, but the blockchain's early-mover strategy has prevented it from achieving widespread use.

Despite the inability to make a proper one, rapid modifications were needed to compete with SOL and similar rivals. Solana is a PoS (proof of stake) blockchain, allowing it to 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 was worth around $1,50, and the token's market capitalization was around $86 million. Since then, it has appreciated nearly 12.300%, and one SOL is now valued at more than $200. Solana has surpassed $62 billion in market capitalization 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. The value of Solana in rupiah is updated in real time on Coinmarketcap. Solana fell 3,13 percent in the previous 24 hours.

CoinMarketCap's current ranking is 6, with an instant market capitalization of IDR 1.033.198.879.402.587 IDR. 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 Solana at the moment are Binance, Mandala Exchange, OKEx, FTX, and Huobi Global.

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Lovata Andrean

Hi, I'm Lovata, I'm not Ai but I am a content writer for SEO, Technology, Finance, Travel, Cooking Recipes and others. I hope this can be useful for all my friends. Thanks