Solana Price SOL

$84.94

-0.03%

Buy Now

Price Information

1 Year Change

-48.77%

All Time High

$294.16 -71.11%

Volume 24h

2.4 B $ -18.86%

Market Cap

48.3 B $ -0.01%

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 trading at $83.48, with a modest 24-hour decline of 1.39%. With a market capitalization exceeding $47 billion, it remains one of the top cryptocurrencies by market value. The price movement reflects a combination of overall market sentiment, network developments, and macroeconomic factors affecting the digital asset space.

Recently, broader cryptocurrency market trends, including Bitcoin’s performance and investor risk appetite, heavily influence SOL’s price action. Additionally, Solana’s network health and activity—such as transaction volumes and ecosystem growth—play crucial roles. Minor pullbacks like the current one often come as traders reassess valuations or in response to short-term market shifts.

SOL Price Catalysts: Bull Case & Bear Case

Bull Case: Solana’s fast and low-cost blockchain is attracting decentralized applications (dApps), NFT projects, and DeFi protocols, which can fuel demand for SOL tokens. The increasing adoption of its blockchain infrastructure strengthens its utility and price potential. Additionally, technological upgrades and partnership announcements can trigger positive momentum for the token.

Bear Case: Despite its strengths, Solana faces risks such as network outages, scalability challenges, and strong competition from other blockchains like Ethereum, Binance Smart Chain, or emerging layer-1 solutions. Regulatory uncertainties and overall crypto market volatility can weigh on SOL’s price. A sustained market downturn or loss of developer interest could negatively impact its valuation.

Frequently asked questions

Why is Solana going down right now?

Solana's recent price decline of around 1.39% can be attributed to general market volatility, investor profit-taking, and short-term bearish sentiment impacting the broader cryptocurrency market, including SOL. Additionally, minor technical adjustments or external economic factors often contribute to such pullbacks.

What factors typically influence Solana’s price?

Key factors influencing Solana’s price include network usage, adoption by developers and projects, upgrades to its blockchain technology, market sentiment around cryptocurrencies, competitive landscape, and macroeconomic conditions.

Is Solana a good investment at $83.48?

Whether SOL is a good investment depends on individual financial goals and risk tolerance. Investors should consider its technology potential, market risks, and conduct thorough research before deciding.

How does Solana’s market cap affect its price?

Market capitalization—a product of price and circulating supply—indicates the overall value of Solana. Changes in market cap reflect investor demand and sentiment, which can influence price dynamics.

What risks should investors be aware of with Solana?

Investors should be mindful of network outages, regulatory developments, competitive pressures, and the inherent volatility of cryptocurrency markets when considering Solana.

How does Solana compare to other cryptocurrencies?

Solana is known for high transaction speeds and low costs compared to Ethereum but faces competition from various blockchains offering similar or alternative solutions. Its future depends on continued adoption and ecosystem growth.

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:

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.

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.

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: