Price Analysis

SOL Price Prediction

SOL Price Prediction

Solano is a fast, secure and censorship resistant blockchain providing the open infrastructure required for global adoption.

Solano can process 50,000 transactions per second. The confirmation time is very low and the average fee for processing the transactions is negligible. This makes Solano a scalable, high speed and low cost blockchain network.

Solano leverages Proof-of-History and several other breakthrough innovations to allow the network to scale at Moore’s Law. Even with billions of users, the cost for transfers is very low ($0.00001 per transaction). Solana’s single global state ensures composability between projects.

Statistics

The average time for confirmation of transactions on Solano is 0.89 seconds. Till date, over 12 billion transactions have been processed on Solano. The block time is 3068ms and it has 658 global validators.

Let us analyze SOL price.

SOL/USD – Price Prediction

sol

SOL broke out of the resistance at $9.88 and has been extremely bullish since then. It is currently revisiting the support zone at $13.36. If it can hold this support and bounce from here, we could start seeing a move towards $16.39, $18.31, $21.42, $26.44, $34.57 and $42.70. Failure to hold the support at $13.36 could lead to a drop towards $11.63 and $9.88.

SOL is currently trading at $14.07 and has a market cap of $3,706,151,546. Its 24 hour volume was $462,407,703.

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The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

 

 

Source: altcoinbuzz.io
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