Solana Trading Down 14.8% Over Last Week (SOL)

Solana (SOL) traded down 7% against the US dollar during the twenty-four hour period ending at 11:00 AM Eastern on December 20th. Solana has a total market cap of $90.96 billion and approximately $11.83 billion worth of Solana was traded on exchanges in the last 24 hours. Over the last seven days, Solana has traded 14.8% lower against the US dollar. One Solana coin can now be bought for about $189.79 or 0.00195445 BTC on popular cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• 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.
• 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.
• SolvBTC (SOLVBTC) traded 3.4% lower against the dollar and now trades at $96,439.12 or 0.99313284 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 5.8% lower against the dollar and now trades at $95,219.93 or 0.98057759 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Solana Coin Profile

SOL uses the hashing algorithm. Its genesis date was March 16th, 2020. Solana’s total supply is 590,512,236 coins and its circulating supply is 479,255,953 coins. The Reddit community for Solana is https://reddit.com/r/solana and the currency’s Github account can be viewed here. The official website for Solana is solana.com. The official message board for Solana is solana.com/news. Solana’s official Twitter account is @solana and its Facebook page is accessible here.

According to CryptoCompare, “Solana (SOL) is a highly scalable blockchain platform designed to enable fast, low-cost, and decentralised applications. Its hybrid consensus model, combining Proof of Stake and Proof of History, ensures efficient transaction processing. SOL is the native cryptocurrency used for fees, staking, and governance. Solana was founded by Anatoly Yakovenko and launched in 2020 with a focus on mass adoption, supporting a wide array of use cases including DeFi, NFTs, and gaming.”

Buying and Selling Solana

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

SOL/USD price chart by TradingView