Solana Market Cap Hits $68.55 Billion (SOL)

Solana (SOL) traded down 1.5% against the U.S. dollar during the twenty-four hour period ending at 11:00 AM Eastern on February 26th. One Solana coin can currently be bought for $137.56 or 0.00158921 BTC on cryptocurrency exchanges. Over the last seven days, Solana has traded 19.5% lower against the U.S. dollar. Solana has a total market cap of $68.55 billion and $4.32 billion worth of Solana was traded on exchanges in the last 24 hours.

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

• Taiko (TAIKO) traded up 0.6% against the dollar and now trades at $0.89 or 0.00001029 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.
• Hokkaidu Inu (HOKK) traded up 1.2% 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.BBN (SOLVBTC.BB) traded 0.5% higher against the dollar and now trades at $87,054.78 or 1.00571901 BTC.
• SolvBTC (SOLVBTC) traded down 0% against the dollar and now trades at $86,575.03 or 1.00017664 BTC.

Solana Coin Profile

Solana (SOL) uses the hashing algorithm. It was first traded on March 16th, 2020. Solana’s total supply is 594,984,718 coins and its circulating supply is 498,288,202 coins. The Reddit community for Solana is https://reddit.com/r/solana and the currency’s Github account can be viewed here. The official message board for Solana is solana.com/news. Solana’s official website is solana.com. 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 currently possible to purchase alternative cryptocurrencies such as Solana directly using U.S. dollars. Investors seeking to acquire Solana should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Solana using one of the aforementioned exchanges.

SOL/USD price chart by TradingView