Solana took over DOGE’s spot in 7th place after a 22% rally on the day to a new all-time high.
Solana continued its excellent form with another double-digit daily rise. A rally that began last night has taken SOL to new highs, with an all-time high of $145.97 recorded earlier this morning. Solana’s momentum currently appears to be unstoppable, with the SOL token repeatedly reaching never-before-seen levels.
Read on to learn more about Solana and the best site to buy SOL today.
Where and how to buy Solana in France and elsewhere?
Solana can be purchased from almost any crypto currency broker or exchange platform, which makes choosing the right site to buy from a very difficult task. Luckily for you, we have selected two of the best platforms to make this choice easier. Both of these platforms are fully regulated, so you can be sure that your Solana investment is in the safest hands.
Whenever possible, avoid using unlicensed brokers and decentralized trading platforms. These sites are not regulated, making them less safe and secure.
Pepperstone was founded in 2010 in Melbourne, Australia by a team of experienced traders with a shared commitment to improving the online trading world. Frustrated by delayed executions, expensive pricing and poor customer support, they set out to provide traders around the world with superior technology, low cost spreads and a genuine commitment to help master trading. Their mission is to create a tech-savvy trading world, where ambitious traders can embrace the challenge and opportunity of global markets.
CAPEX.com is a FinTech brand, globally recognized for a strong presence in shaping the future of trading. The company is focused on making marketplaces more accessible and transforming the way people trade online.
What is Solana?
Solana is a super scalable smart contract platform that aims to optimize decentralized applications and decentralized finance (DeFi) using a next generation blockchain. Solana takes the positives of the original smart contract blockchain, Ethereum, and improves on virtually all of its negatives, which has led to an increase in its popularity as Ethereum increasingly faces bottlenecks.
Fast transactions, low fees Reduced costs and advanced capabilities are the key words here. Solana is booming as DeFi and dApps on Ethereum are becoming increasingly untenable due to high fees and a slow, congested network. Solana’s network effect is growing by the day as new users and Ethereum defectors join the fray, which could in theory lead to further exponential growth.
Should I buy SOL today?
Solana continues to gain strength, recording new highs seemingly without interruption. The current momentum has led to an almost vertical price move, but the pace of SOL’s rise shows no signs of slowing yet.
Solana’s 7-day chart. Source: CoinMarketCap
Solana’s use case is also becoming increasingly relevant as Ethereum continues to struggle with its network strain due to the gradual rollout of Layer 2 solutions and the never-ending delay of Ethereum 2.0.