AUD to SOL: Predictions 2021

AUD to SOL: Predictions 2021

What is Solana (SOL)?

If you want a decentralized financial solution that can grasp blockchain technologies’ free nature, then Solana is that one project. It is an efficient open-source project. Solana provides you with a transaction at a high speed. This high-speed efficiency increases the synchrony and the credit for this, goes to the decentralized clocks wholesomely. 

Not only does this synchrony make it efficient, but also its protocol calls for the facilitation to create the DApps ( Decentralized Applications). Along with this, Solana works to combine the core Proof of Ownership consensus with the PoH consensus and this accounts for improving the scalability. 

Anatoly Yakovenko came up with the idea of creating the Solana in 2017. This great idea by Anatoly generated interest not only from the institutional investors but small traders as well. If you are an investor or a trader, you can get hands-on this by buying the SOL on cryptocurrency exchanges. It includes the OKEx or Binance. It is also worth noting that the largest trading volume of this is activated on Binance.

Meanwhile, the Solana project is known in the cryptocurrency space for its incredibly fast processing times, blockchain offers. One of the main reassurances of Solana customers is that they will not be subject to increased fees and commissions. A protocol with a focus on minimizing transaction costs and Exchange AUD to SOL, but at the same time ready-made scalability and fast processing.

Solana (SOL) Market Position

The popularity, as well as the number of projects using the Solana blockchain, continues to grow. In addition, additional equipment is attached to the project. For this reason and due to the trust in the many years of professional experience of the developers, Anatoly Yakovenko and Greg Fitzgerald, Solana is in the top 10 assets in the CoinGecko rating.

SOL Course in 2021

By the end of February, the value of the cryptocurrency exceeded the $ 10 mark and continued to grow. The SOL cryptocurrency in 2021 not only renewed it’s all-time maximum – now it is $ 58.3 – but also showed steady, continuous growth. After reaching the peak, as expected, a correction took place.

At the time of this writing, the SOL course is $ 26.07. Market cap – $ 7,812,597,824. Solana cryptocurrency is ranked 14th in the CoinMarketCap ranking.

What Can Affect The SOL Course?

Attraction Of Investments

The creators of the Solana project have so far raised almost $ 26 million through the sale of SOL. Large investors are also involved in financing the project, such as:

  • Hacken; 
  • Coin DCX.

Attracting investments helps the project to actively develop and launch new applications. Investment growth also creates positive news feeds that affect the SOL cryptocurrency rate.

New Apps

The Solana blockchain enables the creation of new scalable decentralized applications. New and exciting projects attract users and investors, increasing Solana’s influence in the crypto community.

You can see the full list of Solana-based applications on the project’s official website. Among them are wallets, Defi services, investment funds, and even dating apps! Read more info here:

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