The Live Solana price is $ 180 today with a 24-hour trading volume of $ 2.16 billion. The blockchain's native token, SOL, has gained 3.72% in the past 24 hours. This guide explains what Solana is, whether you should buy Solana, and where to do it if you want.
What is Solana?
Solana uses the permissionless nature of blockchain technology to provide decentralized financial solutions (DeFi). The protocol was developed to facilitate the creation of a decentralized app (DApp). It combines Proof of Stake and Proof of History to improve scalability.
Should I Buy Solana Today?
Solana can be a profitable investment if you choose the right time to buy. Do careful market research before making this decision.
Solana price prediction
Coingape predicts that if SOL price breaks above the 100-day Simple Moving Average (SMA) at $ 185, it could hit $ 244, a 38% increase from the current price. Before it can achieve this goal, it must overcome the significant resistance created by the $ 200 psychological level and the $ 221 main resistance level.
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