Solana is a fast, secure, and censorship resistant blockchain providing the open infrastructure required for global adoption.
Solana is building the architecture of their blockchain based on Proof of History (PoH); a proof for verifying order and passage of time between events. PoH encodes the trustless passage of time into a ledger. A Proof of Stake (PoS) consensus mechanism is then leveraged for confirmation of the current sequence produced by the Proof of History generator. PoS is also used for voting and selecting the next Proof of History generator node and for punishing any validators that act against the interest of the network. SOL price is something that many long term investors are keeping an eye on.
Solana leverages Proof of History and several other breakthrough innovations to allow the network to scale at the rate of Moore’s Law.
Never worry about rising fees as your user base grows. The average transaction fee is as low as $0.00025.
Solana’s single global state ensures composability between projects. Never deal with multiple shards or layer 2 systems.
Let us review SOL price
SOL/USD – Price Prediction
SOL is currently trading above the support zone of $24.11 and close to the resistance at $30.86. If it can flip the resistance at $30.86 to support, we could start seeing a move towards $35.19, $40.19, $45.19, $52.31 and $61.39. If this resistance of $61.39 could be flipped to support, we could see another bigger move towards $87.59 and $129.98. Failure to hold the support at $24.11 could lead to a drop towards $18.73.
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