Solana to Indonesian Rupiah
1 SOL 341,879.71 IDR
-16,246.35 (-4.75%) today
to Converter
Live Solana Chart
Trends over time
1 Day
358,126.06 IDR
(-4.75%)
1 Week
309,429.1 IDR
(9.49%)
1 Month
358,534.65 IDR
(-4.87%)
1 Year
1,296,636.36 IDR
(-279.27%)
What is Solana?
Solana is an open-source platform that implements a brand-new, fast, layer-1 permissionless blockchain. It was developed in 2017 by former Qualcomm executive Anatoly Yakovenko to scale throughput beyond what is typically possible on well-known blockchains while reducing costs.
Is Solana a good investment?
Since December of last year, Solana's market cap and trading volume have grown remarkably, according to CoinMarketCap. For investors considering funding this project, this is good news.
Solana's blockchain is also developing non-fungible token transactions. Many NFT marketplaces are hosted on Solana, including Solanart, Metaplex, and the widely used Magic Eden. Solana's versatility and low fees appeal to NFT traders, and the blockchain is giving Ethereum a run for its money in terms of NFT transactions.
Even though it is impossible to predict the future, analysts use complex algorithms to forecast Solana prices years in advance.
According to CoinPriceForecast, Solana could be worth $126 by the middle of the year and $141 by the end of the year in 2025. If you were to purchase the coin at the current price, your investment would more than quadruple.
However, the recent crash in the cryptocurrency market did not leave out the sol token. Several significant cryptocurrencies, including Solana, have fallen victim to the collapsing market. The FED's influence on the money market, which has sent shockwaves through the entire financial system, is the second factor contributing to the decline in the price of Solana.
In addition to the last 30 days, the price of Solana has been declining for the past six months. As of this writing, Solana's price has fallen to $81.31 from its previous all-time high ($258.93), which was set in the first week of November 2021. This indicates that Solana has lost nearly 68% of its value since the previous ATH was established. That is how much the cost of Solana has decreased.
Historical growth of Solana
SOL's price fluctuated between $0.50 and $1.50 for the rest of the year after its launch in March 2020. SOL then evolved into one of the best-performing assets during the 2021 cryptocurrency bull run after its price reached $55.91 by May 2021.
SOL's price increased once more in the second half of the year, reaching its all-time high of $258.93 in November 2021, despite falling to as low as $23.49 in July 2021. Solana has experienced a change of -80.09 percent so far this year, 2022.
How and when to buy Solana?
Funding your account with the necessary funds is the only step in purchasing Solana using a cryptocurrency exchange. Keep in mind that depending on how you execute trades, different exchanges have different fee structures and minimum thresholds for buying various tokens.
Solana has outperformed most other cryptocurrencies, even though it was trading below its all-time high of 260 USD in November 2021. In 2022, it's never too late to purchase and invest in Solana (SOL), as Solana will continue to astound the cryptocurrency industry with its innovative new infrastructure.
Interested in Solana?
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