Crypto rankings display top-traded digital assets with the largest market capitalization and trade volume. Among them, you could see the Solana cryptocurrency. Let’s take a closer look at the Solana coin and its price history.
What is Solana?
Solana is a blockchain that is actively used by the developers of smart contracts, DeFi products, NFTs, blockchain games, metaverses, etc. When Solana appeared, it was supposed to surpass the Ethereum network. At that time, the Ethereum blockchain was overloaded with numerous apps built on top of its network, which caused higher fees and lower speed. Solana was developed on the Proof-of-Stake consensus protocol, which was a perfect alternative to Ethereum:
- Solana offers high throughput
- Low fees
- No environmental damage
- Staking coins.
As of mid-November 2022, the price of SOL crypto is $13.58. First, let’s look at its price history. For it, we will use the WhiteBIT exchange and the charts it offers. One year ago, in mid-November 2021, the Solana coin price was $258. In the spring of 2022, the asset significantly lost in value amid the entire market decline. You can track the all-time history of Solana coin on the WhiteBIT charts.
Where to Buy SOL Crypto?
The coin is traded on all large crypto platforms, such as Binance, Huobi Global, WhiteBIT, Coinbase, etc. All these exchanges are credible and have millions of users worldwide. If you are a beginner trader, take advantage of the WhiteBIT platform, for its interface is the most convenient for novice users and can be customized according to a client’s needs.
WhiteBIT also offers a passive income option – crypto lending. Suppose you have some SOL coins, so you can lock them for some period of time on the exchange and be rewarded in the end. You can also try the demo trading option and receive priceless experience inc cryptocurrency trading.
