Friday, June 21, 2024

Daily Update on the Price of Solana in 2022

Investors in Solana had their best year in 2021. On the 1st of January 2021, the cryptocurrency was valued at just under $0.5, but by the end of the year, Solana had grown by more than 40,000 percent and was valued at more than $170. In fact, most platforms consider Solana to be one of the major Crypto investments for the year 2022.

Solana, on the other hand, has had a difficult start to the year 2022.

How Will It Perform?

Solana was trying to trade over $170 on December 31st, 2021, before dropping to $150 on January 6th. Solana traded between $140-$150 between January 6th and 17th. Solana, on the other side, was unable to preserve its real support as well as fell below $130 on January 17, 2022.

Solana tried to regain after collapsing below $100 and was able to circumvent $110, but after hearing about the Wormhole portal hack, Solana ended up crashing hard and fell below $100.

In February, Solana was able to recover. Solana is holding steady for more than $110.

When particularly in comparison to Ethereum, Solana has acted consistently. Even so, in comparison to Solana, ETH has quickly recovered over the last few days following the recent crypto collision.

Google Search Trends

The ‘Ethereum Killers,’ Solana, and Cardano have all tried to reclaim their lost tags in the last seven days.

However, especially in comparison to Solana and Cardano, the demand for Ethereum has been much higher. Solana’s search trend has been similar to Cardano’s.

Some of the advantages of investing in Solana are as follows:

  • Over the last few months, it has surpassed other cryptocurrencies such as Ethereum.
  • An exceptional ecosystem with a concentrate on Solana applications.
  • It excels in a variety of metrics.

Found this information helpful? Stay tuned to Cryptured.com for more such information.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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