(VIANEWS) – In the hope that blockchain will be an in-the-long term rival to Ethereum, the cryptocurrency associated with the Solana network has moved up to 7th place among the top 10 most valuable virtual coins.
Bloomberg Quint reports that solana’s SOL token tripled in three weeks, and has now reached a market capitalization of over $41 billion according to CoinGecko. The claims of Solana’s speed and low cost transactions are a big advantage for digital collectibles and decentralized finance, which is where Ethereum leads.
Solana (SOL-USD) Cryptocurrency is currently on bullish momentum by 28.80% in the last 24 hours. At 01:16 EST on Tuesday, 7 September, Solana (SOL-USD) is at $182.3900.
Today’s last reported volume for Solana is 7016137522, 671.01% above its average volume of 909989505.58.
All-Time High and Low
Solana’s current value of $182.39 is at an all-time high.
Solana’s current value is at $182.39, 35713.78% above its all time low of $179.13 on Monday, 11 May.
Market Cap and Supply
Solana’s current market cap is at 52156739681. The total supply is 488,630,611.00, maximum supply is 488,630,611.00, and the circulating supply is 291,398,057.95.
Currently, Solana (SOL-USD) has 511684 Twitter followers and 48211 Reddit subscribers.
As of now, on Github, there are 687 forks, 3529 stars, and 160 subscribers.
Solana’s last week, last month’s, and last quarter’s current volatility was 5.81%, 4.90%, and 5.47%, respectively.
Solana’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 6.61% (last week), 6.51% (last month), and 5.47% (last quarter), respectively.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Solana’s crypto is considered to be oversold (<=20).
Other News About Solana (SOL-USD)
- Token of ethereum rival solana jumps to seventh in crypto top 10. According to Bloomberg Quint on Monday, 6 September, “The cryptocurrency linked to the Solana network has jumped to seventh spot among the world’s top 10 largest virtual coins amid optimism that the blockchain could be a long term competitor to Ethereum.”, “Proponents tout the claimed speed and lower cost of transactions on Solana for decentralized finance and digital collectibles, applications where Ethereum dominates.”
News about Bitcoin
- El Salvador buys 400 Bitcoins ahead of nationwide rollout. According to Bloomberg Quint on Monday, 6 September, “Enthusiasts and detractors alike will be monitoring the experiment to see if a significant number of people want to transact with Bitcoin when it circulates alongside the U.S. dollar, and whether it brings any benefits to the violent, impoverished country.”, “Its adoption will get an initial boost from the government’s Bitcoin wallet Chivo, which comes pre-loaded with $30 worth of the currency for users who register with a Salvadoran national ID number.”
- How to buy Bitcoin with cash near you: Bitcoin ATM guide. According to Benzinga on Monday, 6 September, “Ben Weiss – CEO of Bitcoin ATM operator CoinFlip – concurs, claiming that “using a crypto ATM is the simplest way of purchasing crypto.”, “What Happened:According to Coin ATM Radardata, there are nearly 26,000 Bitcoin automated teller machines (ATMs) worldwide and over 279,000 other services allowing for the exchange between digital assets and cash.”
- Bitcoin cash’s price increased more than 21% in 7 days. According to Benzinga on Monday, 6 September, “The chart below compares the price movement and volatility for Bitcoin Cash over the past 24 hours (left) to its price movement over the past week (right). “, “If you are interested in purchasing Bitcoin Cash or want to learn more about it, follow this link to Benzinga Money. “
More news about Solana (SOL-USD).