SOL Price Prediction – SOLANA Price Prediction & Analysis AUGUST 2022 Week 4

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SOL Price Prediction – SOLANA Price Prediction & Analysis 2022

What Is Solana (SOL)?
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.

To learn more about this project, check out our deep dive of Solana.

The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.

Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.


I am not a financial adviser and my opinions are entirely my own. You should do your own research and inform yourself prior to investing in any market. You should only invest after discussion with your financial adviser. I am not a financial adviser and my statements should not be taken as financial advice.


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