Here's a breakdown of the latest news and trends surrounding the popular cryptocurrency. What is Solana (SOL)? Solana is a relatively new cryptocurrency that launched in 2020. It was created by former Qualcomm and Dropbox engineers and aims to provide a faster and more efficient alternative to other cryptocurrencies like Bitcoin and Ethereum. SOL is the native token of the Solana blockchain network and is used for transactions and governance within the network. Recent price fluctuations In recent weeks, Solana has experienced significant price fluctuations, with its value dropping from an all-time high of over $200 to below $30. This sudden drop was attributed to a network outage, which caused transactions to fail and led to a sell-off by panicked investors. However, SOL has since rebounded and is currently trading at around $150 per token. What caused the price drop? The main factor that caused the price drop was a network outage on September 14th, which lasted for several ...
Welcome to Daily Crypto Talkies News, your ultimate source for latest and most relevant news, insights, and updates from the world of cryptocurrency. Our blog aims to provide valuable information to crypto enthusiasts for only learning purpose.
Join with us !
Download App Now