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Where to buy Solana in 2022? – Use these platforms!



What is Solana?

Solana is a blockchain network that is characterized by extremely high scalability with very high transaction speeds. The Solana blockchain uses its own, very modern proof-of-history consensus mechanism, which guarantees high transaction speeds. 


Solana Coin

Solana uses smart contracts and its technology can guarantee extremely high scalability for decentralized apps. The transaction speed can theoretically be up to 50,000 transactions per second . This ensured that Solana gained massive popularity in the year and triggered extreme hype.


What is special about Solana?

Solana can achieve extremely high transaction speeds. This enables extremely high scalability on the Solana blockchain. The decentralized applications based on the Solana blockchain can benefit from this. The blockchain quickly became the basis for numerous applications that can benefit from the speed of transactions.


The basis for the extremely high speed is its own Proof-of-History consensus mechanism, a modification of Proof-of-Stake that guarantees faster processing of transactions. Especially in the area of ​​NFTs , the Solana blockchain quickly found many applications. Solana is now number 2 of all blockchains behind Ethereum.


How much does a Solana cost?

The SOL token is Solana's network token. The price of the SOL token is $36.97 (as of 07/27/2022). The course of Solana's SOL token has fallen sharply in the last 12 months . In November 2022, the Solana price reached an all-time high of over $258.


SOL course 1 yea

By the turn of the year, the SOL token had already dropped to $177. In 2022, Solana's apostasy continued. After recovering slightly in March and April, the price fell again in May and June and SOL fell to $28 in June. With that, Solana lost about 85% from its all-time high. The main reason for the drop was the onset of the bear market.


Does Solana have a future?

Although the 2022 bear market hit Solana price hard, as it did other altcoins, Solana's future should look very bright. Because the cryptocurrency is considered a serious competitor for Ethereum due to the high transaction speeds and high scalability.



Some concerns have arisen in recent months about the security of the Solana network. In the last 12 months we have seen complete network crashes for a few hours more frequently. The own proof-of-history consensus mechanism shows problems with a high transaction load. But if Solana gets these issues under control, Solana should continue to grow massively in the future.


Where to buy Solana?

Due to its extremely high growth potential, Solana should be an extremely promising investment for the future. But where can you buy the SOL token from Solana? We present some platforms where you can buy Solana.


The crypto exchange

The crypto exchanges are specialized trading places for crypto currencies. They have specialized in trading cryptocurrencies such as bitcoin and other coins. Major crypto exchanges are always adding new, up-and-coming coins to their portfolio. Solana quickly rose into the top 10 cryptocurrencies by market cap in 2021 and is now traded on major crypto exchanges.


The advantage of crypto exchanges is the wide range of cryptocurrencies that you can exchange directly for FIAT currencies or other cryptocurrencies. There are also numerous other functions related to cryptocurrencies such as staking , farming, futures, margin trading and much more.

You can also purchase cryptocurrencies and buy Solana on digital brokers. Online brokers have been offering a wide variety of financial products for years that you can trade online on these platforms . In recent years, cryptocurrencies have also been added to the portfolio of these platforms.


On many brokers, cryptocurrencies like Solana can only be purchased in the form of CFDs, as contracts for difference. However, the advantages of these platforms are that you can easily diversify your investments not only with cryptocurrencies, but also with other financial products. 


EToro is a well-known social trading platform and online broker where you can also buy Solana directly as a cryptocurrency.


You can also buy the Solana SOL token from a trusted person such as a friend, family member or acquaintance for a different exchange value (FIAT currency). This person can send you SOL tokens to your own Solana address. You need your own Solana wallet for this.


Should you buy Solana now?

An investment in Solana can be particularly worthwhile in a bear market. Because the price for the SOL token is particularly low right now. With this you can easily buy more SOL tokens at a low price and accumulate many coins.


The price of the SOL token could remain low for another month. But especially in the next bull market, the price of the SOL token from Solana should rise massively again. So it should be worth buying Solana right now in the long run.

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