Solana is a popular project that now hits the crypto rankings and makes it to the top crypto assets to buy in 2022. The blockchain was engineered back in 2017. The developers aimed to create a network with high scalability with no sidechains. Todays’s blockchain throughput reaches 60 thousand transactions per second.
The Solana network has the Proof of History (PoH) consensus algorithm at the core, which means the network uses a cryptographic method to record transactions recorded in the ledger, allowing thousands of transactions per second.
Nodes in the blockchain exchange data about transactions with only neighbouring nodes instead of the whole network, which facilitates the transaction’s speed.
To date, over 250 projects have been developed on the Solana blockchain. The platform has a large community of over 80 000 people.
Solana Crypto Price
All before-mentioned factors about the Solana project imply the Solana price. SOL is a native coin of the platform. The current Solana coin price is $38.
Now the asset’s rate dropped amid the downtrend of the market. However, over the past year, the SOL rate boosted by 8000%. It happened amid the wide adoption of the Solana blockchain and the complex technological foundation at its core.
Due to its high throughput, many crypto enthusiasts predict that Solana will replace Ethereum over time. Most crypto experts forecast the platform’s evolving in the near future; thus, the Solana coin price currency will also grow.
You will find SOL on all credible crypto platforms such as:
The asset is suitable for trading and long-term investment.
Based on past price changes, crypto analysts predict that the Solana price would range between $174,43 and $213,55 in 2025. The average rate would be approximately $179,57.
Solana Price Prediction 2030
Possible maximum rate of SOL is established by experts at $1,348.61. The minimal forecasted rate is $1,177.07 by 2030. It comes out that it is a really worthwhile project to invest in, so maybe now is the best time for doing it, as the price is more than affordable.