Solana Price SOL

$137.10

-2.92%

Buy Now

Price Information

1 Year Change

-43.06%

All Time High

$294.16 -53.38%

Volume 24h

3.8 B $ 8.27%

Market Cap

76.7 B $ -2.90%

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?

As of now, Solana (SOL) is priced at $136.86, experiencing a 3.61% dip over the past 24 hours. With a market capitalization of approximately $76.58 billion, SOL remains one of the leading cryptocurrencies in terms of market value. The recent price movement can be attributed to various factors including broader market sentiment, technological updates, and regulatory news impacting the crypto sector.

Market volatility often affects SOL's price, as investors react to shifts in investor demand, trading volumes, and sentiment across major crypto exchanges. Additionally, macroeconomic factors and the overall health of the crypto ecosystem influence SOL’s short-term price swings. Investors should remain aware that price corrections, such as today’s drop, are common in the highly dynamic crypto environment.

SOL Price Catalysts: Bull Case & Bear Case

Bull Case: Solana’s ecosystem continues to expand rapidly with numerous decentralized applications (dApps), DeFi projects, and NFT marketplaces choosing its high-speed, low-cost blockchain. The scalability and quick transaction speeds of Solana provide a competitive edge over other blockchains like Ethereum. Network upgrades and increased adoption from institutional investors and developers can drive SOL’s price higher. Furthermore, growing partnerships and listings on major exchanges enhance liquidity and investor confidence, potentially pushing prices up.

Bear Case: On the other hand, SOL faces risks from network outages and technical vulnerabilities which have in the past led to temporary halts. Increased competition from newer blockchains with innovative features could reduce Solana’s market share. Regulatory scrutiny aimed at the cryptocurrency sector poses additional risks, potentially leading to decreased retail and institutional participation. Market-wide downturns in crypto or broader financial markets can also exert downward pressure on SOL's price, leading to sharp corrections like the current 3.61% drop.

Frequently asked questions

Why is Solana going down right now?

Solana’s recent price decrease is mainly due to broader market corrections, profit-taking by investors, and some short-term technical issues in the network. External factors such as regulatory concerns or negative news in the crypto space can also contribute to downward price movements.

What factors could make SOL price rise?

Increasing adoption of Solana’s blockchain for dApps, DeFi, and NFTs, network upgrades improving speed and security, and positive investor sentiment can drive SOL prices higher.

Is Solana a good long-term investment?

Solana’s strong technology and growing ecosystem make it a promising long-term investment, but investors should consider volatility and risks inherent to cryptocurrencies before investing.

How does Solana compare to Ethereum?

Solana offers faster transaction speeds and much lower fees compared to Ethereum, making it attractive for developers and users seeking efficiency, although Ethereum has a larger ecosystem and more established presence.

What is Solana’s market capitalization?

As of now, Solana’s market cap is approximately $76.58 billion, ranking it among the top cryptocurrencies globally.

Where can I buy or trade Solana (SOL)?

SOL can be bought or traded on most major cryptocurrency exchanges like Binance, Coinbase, Kraken, and others, where it is paired with fiat currencies and other cryptocurrencies.

Popular Solana Exchanges

View All

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:

Figure Markets is a new crypto trading platform where users fully control their own funds, with low trading fees and up to 8% interest on stablecoins.

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:

2.9

Reviews:

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:

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.

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.

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:

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:

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: