The cryptocurrency market lived through a collapse in spring – summer 2022. However, any crisis is also an opportunity, and amid dropping crypto rates, many investors pick promising projects to invest in.
The most popular crypto to buy in 2022:
- Bitcoin (BTC)
- Ripple (XRP)
- Cardano (ADA)
- Ethereum (ETH)
- Solana (SOL).
Let’s talk about the Solana project. It is a cryptocurrency (SOL) and a blockchain for developers to deploy decentralized applications. Solana is based on a Proof-Of-Stake (PoS) consensus protocol and also implements the Proof-Of-History mechanism.
Solana was developed as an alternative to the Ethereum network:
- transactions in Solana are quicker and cheaper;
- the PoS protocol is much less energy consuming and much more environmentally friendly.
- Solana performs 50 000 transactions per second.
SOL is Solana native coin. The SOL USDT pair is traded at $36,68 (August 2022).
Where To Buy Solana
Buying crypto is recommended on credible platforms with transparent fees and conditions. You can use well-known Binance, Coinbase, or WhiteBIT exchanges. Beginners appreciate using the WhiteBIT platform, for Binance may be rather challenging for novice users. To analyze the current Solana crypto price, look at the Solana chart. It shows the price dynamics in different timeframes. Charts largely help investors make the right decisions on buying or selling crypto assets. If you have not got any coins yet and this is the first time you are buying crypto, you can do it with your bank card. For that purpose, register on the WhiteBIT platform, pass KYC and add your bank card to your account. Then deposit the needed amount of dollars or euros to your account and go to the “Trade” section. Pick SOL, and you will see the current price. Pay the fee and receive SOL to your account. You can practice buying and selling assets using a demo account on the WhiteBIT platform.
