Solid! Solana (SOL) Continues To Show Outstanding Performance Amid Price Correction! - Kakiforex.com - Financial Market Media No. 1 in the World Solid! Solana (SOL) Continues To Show Outstanding Performance Amid Price Correction! Solid! Solana (SOL) Continues To Show Outstanding Performance Amid Price Correction!
InstaForex

August 2, 2021

Solid! Solana (SOL) Continues To Show Outstanding Performance Amid Price Correction!

 Amid the fall in Bitcoin prices and attempts to return to the $ 40,000 price level, other crypto assets Solana, Ethereum, Bitcoin Cash, Uniswap, and Ripple showed encouraging gains. The main cryptocurrency asset, after rising $ 6,000 in a few days, Bitcoin once again failed to cross the $ 40,000 price level.


Altcoin has lately started to return a significant improvement maker. ETH has added value of about $ 700 and earlier today hit a six-week high of around $ 2,460 (on Bitstamp). Despite starting to decline, ETH is still trading at the $ 2000 level, which is $ 2,336.06 at the time of writing.



On the other hand, the following crypto assets also recorded price increases with Binance Coin (2%), Cardano (2%), Dogecoin (1%), Polkadot (3%), and Litecoin (1.5%). However, Solana is the crypto that recorded the largest increase compared to most other altcoins with a 14%increase.


Solana is a great network as it can accommodate large loads so it is no wonder why it is the choice of most projects. It uses proof-of-stake (PoS) consensus which makes the platform capable of processing 50,000 to 65,000 transactions per second (TPS) at a low cost of around $ 0.00001 per transaction.


Also recording large price increases were crypto quant (21%), Ontology (14%), Siacoin (10%), and OMG Network (10%). On the other hand, the BTC price has made a $ 10,000 increase from the $ 30,000 price level reached last week. The latest BTC price is trading at the $ 39,031.31 price level.