Solana Price SOL

$123.10

-3.19%

Buy Now

Price Information

1 Year Change

-48.89%

All Time High

$294.16 -58.16%

Volume 24h

2.8 B $ -3.39%

Market Cap

69.7 B $ -3.17%

Buy Now

Price Alert

Create a price alert and never miss the best entry time again

Set Price Alert

About Solana

SOL Price Pulse: What’s Moving It?

Solana (SOL) is currently trading at $123.84, experiencing a 24-hour decline of 2.28%. With a substantial market capitalization of approximately $70.1 billion, Solana remains one of the leading cryptocurrencies by market value. The recent downward movement can be attributed to broad market sentiment affecting the crypto sector, including tightening regulatory discussions and macroeconomic concerns such as inflation and interest rate policies. Additionally, shifts in investor confidence and trading patterns on major exchanges contribute to the short-term price fluctuations of SOL.

SOL Price Catalysts: Bull Case & Bear Case

Bull Case: Solana's unique high-speed blockchain technology, capable of processing thousands of transactions per second with low fees, attracts developers and users alike. Its expanding ecosystem supports decentralized finance (DeFi), non-fungible tokens (NFTs), and Web3 applications, fostering continuous growth. Positive adoption trends, successful network upgrades, and partnerships enhance investor optimism, potentially driving SOL’s price upward. Furthermore, increasing institutional interest in robust layer-1 blockchains underpins the bullish outlook.

Bear Case: Despite its strengths, Solana faces competition from other smart contract platforms like Ethereum, Binance Smart Chain, and newer entrants. Technical issues, such as recent network outages that have affected reliability, may erode user trust. Regulatory scrutiny remains a looming threat and can trigger volatility across the crypto market. Lastly, broader economic downturns and risk-off sentiment can lead to reduced appetite for speculative assets, exacerbating price declines.

Frequently asked questions

Why is Solana going down right now?

Solana’s recent price decline is primarily due to overall market weakening influenced by regulatory concerns, global economic uncertainty, and technical challenges related to network stability. These factors collectively impact investor sentiment and lead to short-term price drops.

What is the current price of SOL?

The current price of Solana (SOL) is $123.84.

How large is Solana’s market capitalization?

Solana’s market capitalization stands at approximately $70.1 billion USD, making it one of the top cryptocurrencies by market value.

What factors could positively impact SOL’s price?

Key positive factors include increased adoption of Solana’s blockchain, successful upgrades, expansion of its DeFi and NFT ecosystems, and growing institutional investment in the platform.

What risks should investors consider with Solana?

Investors should be aware of network reliability issues, intense competition from other platforms, regulatory uncertainties, and the overall volatility characterizing the cryptocurrency market.

Can Solana’s technology give it an edge over competitors?

Yes, Solana’s high throughput, low transaction costs, and scalable architecture provide a technological advantage, potentially enabling it to capture more developer and user interest compared to some competitors.

Popular Solana Exchanges

View All

Crypto.com is a global cryptocurrency platform that lets users buy, sell, and trade digital assets. It offers a secure wallet, a crypto-backed Visa card, staking, DeFi services, and various financial products designed to make crypto accessible for everyday use.

Rating:

2.9

Reviews:

eToro is a multi asset social trading platform. Its standout feature is copy trading, letting you mimic successful investors. User-friendly and regulated, it’s great for both beginners and experienced traders.

Rating:

3.2

Reviews:

Bitpanda is a European neobroker on a mission to democratize the complex world of investing. With low fees, 24/7 trading and real-time settlement, Bitpanda empowers users to shape their financial futures - on their own terms.

Rating:

2.8

Reviews:

Neverless is a new crypto trading platform created by former Revolut executives. It’s fully regulated in Europe and aims to make crypto more accessible by offering commission-free trading, competitive pricing, and support for over 700 cryptocurrencies. Users can also earn high yields on their assets and quickly buy crypto using Apple Pay or Google Pay.

Bitget, founded in 2018 during a crypto downturn, is a global exchange focused on user-centric innovation. With roots in traditional finance, its team saw blockchain’s potential early on. Today, Bitget aims to make crypto trading more accessible while promoting long-term industry growth.

Cryptomus offers a secure, user-friendly platform for buying, selling, and managing crypto, with P2P trading, staking (up to 20% APR), and mobile access for seamless transactions.

Rating:

4.9

Reviews:

Binance is the world’s leading blockchain ecosystem, with a product suite that includes the largest digital asset exchange. Their mission is to be the infrastructure provider for crypto in tomorrow’s world.

Rating:

3.4

Reviews:

WhiteBIT is a centralized crypto exchange offering spot, margin trading & staking, with a strong focus on security & compliance. It was founded in 2018 and is registered in Lithuania, although it operates globally.

Kraken.com is one of the world’s largest and longest-standing cryptocurrency broker trading platforms. Founded in 2011 and headquartered in the U.S., it provides users with access to a wide range of digital assets such as Bitcoin, Ethereum, and many altcoins.

Rating:

3.9

Reviews:

Coinbase is a digital asset broker headquartered in San Francisco, offering exchanges of Bitcoin, Ethereum, and other crypto assets in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.

Rating:

3.5

Reviews: