Solana Market Capitalization Reaches $66.40 Billion (SOL)

Solana (SOL) traded 4.1% lower against the U.S. dollar during the one day period ending at 19:00 PM Eastern on June 17th. In the last seven days, Solana has traded down 9.7% against the U.S. dollar. Solana has a market cap of $66.40 billion and approximately $2.24 billion worth of Solana was traded on exchanges in the last 24 hours. One Solana coin can currently be bought for approximately $143.79 or 0.00215984 BTC on popular cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed in the last 24 hours:

• KILT Protocol (KILT) traded down 3.3% against the dollar and now trades at $0.22 or 0.00000327 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 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded down 0.2% against the dollar and now trades at $0.0104 or 0.00000016 BTC.

About Solana

Solana (CRYPTO:SOL) uses the hashing algorithm. It was first traded on March 16th, 2020. Solana’s total supply is 578,315,380 coins and its circulating supply is 461,796,227 coins. Solana’s official message board is solana.com/news. Solana’s official website is solana.com. The Reddit community for Solana is https://reddit.com/r/solana and the currency’s Github account can be viewed here. Solana’s official Twitter account is @solana and its Facebook page is accessible 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.”

Buying and Selling Solana

It is usually not possible to buy alternative cryptocurrencies such as Solana directly using US dollars. Investors seeking to trade Solana should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Solana using one of the exchanges listed above.

SOL/USD price chart by TradingView