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Solana (SOL) coin has been making headlines in recent months following the growing popularity of Solana among dApp developers within the decentralized finance (DeFi) industry. The SOL coin has been on the rise since the beginning of 2021 with a slight pullback witnessed in September after it hit an all-time high of $214.96.
The pullback came to an end towards the end of September and the coin is expected to smash through the all-time high before the end of the year; something that has caught the attention of many crypto investors.
To help new investors and traders who are eyeing the SOL coin, Invezz has created a brief article to assist crypto traders and investors understand what Hamster Coin is and the best places to buy it.
To find out more, please continue reading.
Best places to buy SOL Coin
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What is Solana (SOL)?
Solana (SOL) is the native token of the Solana blockchain protocol and it is mostly referred to as just SOL.
Solana blockchain protocol is designed to provide dApp developers with a platform to create and launch their applications. It is a major competitor of Ethereum blockchain since it offers better scalability and higher transaction throughput than Ethereum.
Solana uses the proof-of-history (PoH) consensus mechanism combined with proof-of-stake (PoS) consensus, which is better compared to the proof-of-work consensus mechanism used by Ethereum and Bitcoin.
Should I buy the SOL token today?
If you are looking to invest in a cryptocurrency whose price has the potential of rising exponentially, then SOL is a good choice especially.
Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.
Solana price prediction
The price of Solana is expected to continue gaining momentum especially due to the rising popularity of decentralized applications (dApps) within the Defi industry.
More so, developers are looking for a blockchain platform that can allow them to develop scalable dApps and Solana offers a better solution compared to Ethereum which had in the past dominated the industry.
SOL social media coverage
The entire Solanaverse will be coming to #BreakpointLisbon! And you don’t want to miss any of it.
See all the parties, meals, and extras over in the Breakpoint Side Event Calendar. https://t.co/RrR8JxPdGn— Solana Breakpoint 2021 (@SolanaConf) October 20, 2021
$SOL
Bullish structure remains. pic.twitter.com/kCzkBnx9he— cry me a $COIN (@crymeaCOIN) October 20, 2021
The post Best places to buy Solana (SOL) Coin: it is on the rise as the Breakpoint conference in Lisbon approach appeared first on Invezz.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.