Solana Price Prediction

By Mfidie Last updated Dec 22, 2022

The cryptocurrency market offers hundreds of digital assets that are used for different purposes. A popular way to acquire crypto coins is staking. Unlike the mining method (used in early crypto assets such as BTC), staking is much simpler and less costly. One of the brightest representatives of the Proof-of-Stake protocol is Solana. Let’s talk about this project today.

What is Solana?

Solana is a cryptocurrency project that has all the chances to replace the Ethereum network. The incredibly high number of transactions on the Ethereum network causes blockchain congestion. In addition, the execution speed leaves much to be desired. Unlike Ethereum, the Solana network has lower transaction rates and offers a very high throughput of 50,000 transactions per second; besides, the Solana network runs 20 times faster. These are the reasons why dApp developers around the world prefer the Solana blockchain.

SOL coin is one of the top-ranked cryptos in the market. You can buy SOL on any large crypto platform (Binance, WhiteBIT, etc.).

Solana is one of the industry’s leading decentralised networks. At its core is the Proof-of-Stake consensus protocol. That means that coins can be obtained through staking instead of traditional mining.

Solana blockchain benefits:

Can be used by anyone with an Internet connection.
It does not require expensive equipment or maintenance.
No mining equipment required.
Environmentally friendly.
Fast, cheap, and secure.

More About SOL Crypto

SOL is the native cryptocurrency of the Solana blockchain. As of October 2022, the price of SOL coins is $28.02. Analysts made the Solana crypto price predictions based on the Solana chart and historical indicators and patterns they identified. So, by the end of 2030, the Solana price is supposed to reach $739.83. Seeing the number of partnerships that the Solana project has, there is probably more reason to believe that this platform will be widely adopted and receive more use cases in the future.

For more information on the Solana crypto, visit the WhiteBIT blog. It is a valuable resource with many interesting articles and overviews on promising crypto projects, helpful guides on trading and tips for those who only begin their journey to the crypto world.