Another digital currency that has piqued the curiosity and interest of the investor in the Cryptomarket currency is Solana Coin. Today, that is, on 18th May 2021, the coin recorded its All-Time High (ATH) of $53.54, and yesterday, the coin has created a high of $51.88. For the last couple of months, the coin has made an average high of $52.64, and current trends of the coin in the digital currency market have raised a certain question, which is, “will SOL be able to Hit $100 by the end of 2021”. So before we made a price prediction of SOL, let’s discuss Solana in little detail.
About Solana (SOL)
Solana (SOL) was launched officially by the first quarter of the year 2020 by the Solana foundation. The key founder of this digital coin is Anatoly Yakovenkio. Yakovenko started his career at Qualcomm and also met his key partner, Fitzgerald. Together they founded a project named, ‘Solana Labs’, which later stimulated the interest of other colleagues. Later in the year 2020, they officially released ‘SOL’ to the public.
- Name: Solana
- Symbol: SOL
- Ranking: 16
- CMP: $52.34
- Market Share: 0.68%
- Market Cap: $1432.94 million
- Volume (in 24 hrs): $176.57 million
- ATH (18th May 2021): $53.54
- ATL (11th May 2020): $0.51
Just like, any other crypto, Solana was also designed to assist and smooth the functioning of Decentralized Apps (DApps). It is one of the most favoured blockchains because of its hybrid consensus model. The advantage of this model is that the database is stored safely and securely and it takes less processing time. The purpose of creating Solan was to provide a platform to the investor that has low transaction costs and is easily accessible to all.
Solana (SOL) Live Price Today
The digital coin has shown a rise in the price by 6.15% and within 24 hours, it has also recorded a high of $53.54 which is also its ATH. Also in the last 24 hrs, the coins have recorded a low of $45.73.
- Today’s Price (LIVE): $52.17
- High (in last 24 hrs): $53.54
- Low (in last 24 hrs): $45.73
Where to Buy?
At present, the coin is registered at various exchanges. However, the most popular and high-rated exchange from where you can purchase Binance. It has the highest trading volume of SOL of $8,947,213. Other than Binance, you can also trade the coin at OKex, Huobi Global, and others.
Solana Trend & Price Prediction
Now comes the biggest question which is whether the coin will reach $100 or not. Looking at the current trends, patterns, and past historical data of Solana, the coin is showing an amazing and steady increase in price. In the term of technical analysis, the coin is showing an upward trend and a bullish trend. Many analysts predict that by the end of 2021, the coin will reach a target price of $72 to $76. While in the next year, that is, in the year 2022, it is highly anticipated that the Solana coin will definitely reach close to $100. We will keep you updated, till then, stay tuned with us.
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