The cryptocurrency market is developing at a rapid pace, despite its overall bearish trend that started in the spring of 2022. A dropping trend is not a reason not to buy crypto assets. Many investors use this time to purchase promising and buy crypto coins and hold them in the long term until the trend changes. And, of course, the best option, in this case, is top-traded crypto assets. Today we would like to discuss one of the top 10 digital assets – SOL crypto. As of October 2022, the Solana price is $28.67.
Crypto projects based on the Proof-of-Stake consensus protocol are gaining momentum. Unlike Proof-of-Work projects, PoS cryptos are received through “prooving of ownership”, which means, if you have some coins, you can put them in staking (lock them) and receive more coins in return.
Some staking features:
- it is an energy-efficient and environmentally friendly way of receiving coins;
- it is available for anyone with an Internet connection and does not require expensive equipment;
- PoS enables much faster transactions than PoW;
- much lower fees compared with PoW.
Solana Price Prediction
The SOL USDT crypto pair is one of the most traded. It shows the Solana price in dollars. Today’s level of $28.67 is incompatible with November 2021 price when the asset reached $258. However, the Solana chart shows a decline in the asset’s rate throughout the year amid the overall market downtrend. Still, Solana crypto is on the top 10 most credible digital assets that have a big chance to boost in the future. So it is worth buying this asset as its price is low. Experts believe the price can range from $174 to $213 in 2025, so it is a good investment option.
You can buy SOL on the WhiteBIT crypto exchange – a large and reliable platform with over 2 million users. The platform offers the WhiteBIT Blog, where you can read more about SOL crypto and staking.