Solana is a popular cryptocurrency and platform for developing and deploying decentralized applications. As a platform, Solana has all the chances to overtake the Ethereum network.
Solana has hundreds of products developed on top of its blockchain. They are metaverses, NTF marketplaces, blockchain games, and other decentralized products. Solana has become incredibly popular among advanced dApps developers, and here are the reasons why it happened:
- Solana provides the highest network throughput, much higher than the Ethereum blockchain does.
- In the Solana network, users pay a minimal fee for transactions.
- Solana is developed on the Proof-of-Stake consensus protocol, so SOL coins can be staked.
Even though the Solana coin price dropped this spring during the bearish market trend, it still has good prospects for the future. We dare say that Solana is a good investment option, for it is on the list of the top traded crypto.
As of September 2022, the Solana price is $31,94. Experts predict significant price increases in the next few years – it is estimated that the SOL coin will reach a minimum of $105,32 by 2025.
What Is the Best Place To Store SOL Coin?
Picking a Solana wallet, you should first determine the purpose of why you buy SOL. Maybe you just want to buy SOL crypto and hold it. Then you will need a reliable offline wallet. For example, a ledger or any other device you will connect to the Internet when needed.
If your goal is to trade SOL coin and receive income daily, you will need something more versatile.
For example, the WhiteBIT online wallet app. It is connected to the Internet and enables fast transactions, so you can react to every tiny market fluctuation and earn profit efficiently. The WhiteBIT wallet can be installed on your smartphone, and you can use it on the go. You can try to trade crypto assets on a demo regime on WhiteBIT to see how convenient the app is.