Who owns the most Solana coins? According to data from CoinCarp, wallet 9QgXqrgdbVU8KcpfskqJpAXKzbaYQJecgMAruSWoXDkM owns the most SOL tokens with 6.6 million coins, corresponding to 1.29% of the total supply.
About Solana
Solana's price today is US$11.69, with a 24-hour trading volume of $422.41 M. SOL is +14.07% in the last 24 hours. It is currently 2.40% from its 7-day all-time high of $11.42, and 42.62% from its 7-day all-time low of $8.20. SOL has a circulating supply of 367.8 M SOL.
Popularity and users. When compared with Solana, Ethereum is the more popular cryptocurrency by a fairly wide margin. Ethereum's market cap is about $210 billion, which is substantially higher than Solana's market cap of $12 billion.
Solana Tokenomics
As of August 2022, the circulating supply of SOL is 348,812,954, and its maximum supply is 511,616,946.
However, the blog post from the team at Solana mentioned that FTX and Alameda purchased over 50.5 million SOL from the foundation. They wrote that a significant portion of the SOL would be locked up in monthly unlock schedules until 2028. Are you thoroughly confused?
As of April 2022, technical analysis by TradingView states that SOL is currently ranked as the 7th biggest crypto asset if we're talking market capitalization. Last but not least, Solana is also included in the list of “the coins that will explode in 2022.”
To Solana Founder Anatoly Yakovenko, self custody is “the biggest bottleneck in crypto.”
This issuance is based off the year-to-year inflation rate, and can therefore vary. When SOL fist launched, there was a maximum supply of around 500 million but the blockchain burned (erased from the blockchain) 11 million of them. By December 2021, the maximum supply was around 510 million SOL.
When SOL launched, it had an initial total supply of 500 million tokens but there is no capped max supply. The initial inflation rate for Solana is 8%, which will reduce by 15% each year until 2031, when it will reach its stable long-term inflation rate of 1.5%.
While other so-called altcoins have suffered steep declines this year, Solana has been pummeled by the bankruptcies of Bankman-Fried's crypto exchange FTX and his hedge fund Alameda Research, which had backed the token. The coin has lost 94% of its value in 2022.
Solana's market cap of around $12 billion is just behind Cardano, but it still ranks 10th among all cryptocurrencies. Security. Cardano was the first blockchain to implement the Ouroboros protocol, which offers proof-of-stake functionality with additional security. Faster speeds.
This paper described a technique called "proof of history". On 16 March, 2020, Solana's first block was created. In June 2021, Solana raised a $314 million funding round led by Andreessen Horowitz. In December 2021, Melania Trump released her first NFT which was reportedly sold for 1 SOL.
Ten years after our Solana price prediction, by 2040, we could see SOL hit prices above $10,000 per coin.
Bullish Solana (SOL) price predictions range between $71.68 and $135.40 by 2030. Market analysts believe SOL could reach $55.75 by 2025. Bearish Solana market price prediction for 2023 is $12.74.
Can Solana Hit $10,000? It's unlikely for Solana to hit $10,000. However, there are some sources that make such a prediction. For example, Trading Education predicts SOL to reach $10,000 by 2040.
The primary token burning mechanism is the burning of a portion of each transaction fee. 50% of each transaction fee is burned, with the remaining fee retained by the validator that processes the transaction.
Solana does not have a fixed max supply of SOL. Instead, what is fixed is the inflation rate YOY. The current total supply is 526,996,797 SOL, with a circulating supply of 348,837,796 SOL as of July 2022 (via Solana).
Solana has over 1,900 validators, but smaller clusters of around 150 validators process transactions. This form of centralisation, in conjunction with its sub-second block time, enables a throughput of 50,000 to 65,000 transactions per second, making Solana the fastest blockchain currently on the planet.
Solana is not decentralized enough: Some crypto enthusiasts believe that there might not be too many disadvantages of investing in SOL, but this feature of the crypto is particularly considered as its biggest con. The ETH network has over 200,000 validators, but the Solana network only has 1,000 validators to date.
Cardano has a total limited supply of 45 billion tokens, and there is nearly 34 billion in circulation. That means there's around 11 billion ADA tokens left in the market.
Dash 2 Trade (D2T) – Popular Crypto Platform with a Low Presale Token Supply. D2T is an ERC-20 token and the native cryptocurrency of Dash 2 Trade – a new cryptocurrency signals and analysis platform. One of the best deflationary cryptocurrency tokens, D2T has a low supply of just 1 billion tokens.
The transaction fees make a massive difference in value between the two coins. The transaction fees on Cardano are roughly $0.18, as opposed to the minuscule $0.00025 on Solana. In this sense, Solana is much more of a value, but the stability of Cardano cannot be overlooked.
Should You Buy Solana? The Solana blockchain is highly efficient and very stable, and it offers low transaction fees for users. These factors combine to give the coin potential as a good long-term investment as far as cryptocurrency goes.
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