Solana is a popular crypto project that is now emerging in cryptocurrency rankings and becoming the top crypto asset of 2022. The blockchain was designed in 2017. The developers’ goal was to build a network with no side chains and high scalability. The current throughput of the blockchain can reach 60 000 transactions per second.
At its core, the Solana network is based on the Proof-of-History (PoH) consensus algorithm. The network records transactions in a ledger cryptographically, allowing to proceed thousands of transactions a second.
The speed of transactions is facilitated by the fact that nodes on the blockchain only exchange transaction data with neighboring nodes, not the entire network.
More than 250 projects have been developed on the Solana blockchain. The platform has a large community of more than 80 000 people.
Price of the Solana Cryptocurrency
All of the above factors related to the Solana project impact Solana’s price; SOL is the platform’s native coin. The SOL USDT pair is traded at $37,39 (September 2022), which indicates the Solala price in dollars.
The price of the asset has declined amidst the downtrend in the market. However, the SOL rate has increased by 8000% in the last year. This has occurred amid the widespread adoption of the Solana blockchain and its complex technical infrastructure.
Many cryptocurrency enthusiasts predict Solana will eventually replace Ethereum. Most cryptocurrency experts predict that the platform will evolve in the near future. Therefore, the SOL coin price prediction can look pretty optimistic.
You can find SOL on all trusted cryptocurrency platforms, such as.
- Binance
- Coinbase
- KuCoin
- WhiteBIT.
This asset is suitable for long-term investment.
SOL Crypto Price Prediction
Crypto experts analyze SOL price movements amid different market trends, finding historical indicators and patterns. They concluded that the price of Solana will range from $174,43 to $213,55 in 2025. The average price would be around $179.57. Compared with today’s $37,39, the SOL price prediction 2025 looks incredibly promising.
