SOL is the native cryptocurrency of the Solana network, one of the fastest and most efficient blockchain networks in the world. Launched in 2020, Solana has gained widespread popularity thanks to its ability to process over 65,000 transactions per second and its extremely low fees, making it a strong competitor to currencies like Ethereum.
🌟 Advantages of SOL Coin:
- 🚀 Super Speed: It relies on Proof of History technology, which allows transactions to be executed at an unprecedented speed.
- 💰 Low fees: Transaction costs less than $0.01, making it ideal for everyday use and business applications.
- 🌍 Global expansion: Attracts developers and investors thanks to its advanced infrastructure that supports decentralized applications (dApps).
📈 SOL prices over the years:
- 2020: At launch, the coin was worth around $0.78.
- 2021: It saw tremendous growth reaching its highest level of $260 in November 2021.
- 2022: Prices fell with market volatility to range between $30-$40.
- 2023: It started to recover and stabilized between $20-$25 by the middle of the year.
- 2024 and beyond: Many reports have predicted a return to growth as adoption of the Solana network increases.
💡 Uses of SOL:
- Pay transaction fees within the network.
- Running smart contracts.
- Investment and trading.
- Participate in governance and future decision-making of the network.
SOL is not just a means of payment, it is part of an entire ecosystem that aims to make blockchain more efficient and accessible to everyone. It is an interesting investment option, but as with any cryptocurrency, the market should always be studied carefully.
