{"id":9369,"date":"2021-09-06T21:08:35","date_gmt":"2021-09-06T20:08:35","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=9369"},"modified":"2021-09-06T21:08:45","modified_gmt":"2021-09-06T20:08:45","slug":"solana-reaches-an-all-time-high-as-the-coin-rises-14-in-24-hours","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/solana-reaches-an-all-time-high-as-the-coin-rises-14-in-24-hours\/","title":{"rendered":"Solana reaches an all-time high as the coin rises 14% in 24 hours"},"content":{"rendered":"\n
This season is being dubbed “Solana <\/a>Summer.” by some.<\/h5>\n\n\n\n
\"Solana<\/figure>\n\n\n\n

Solana \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>(SOL) has surpassed yet another milestone. The cryptocurrency is now valued at $157. With a market cap of $45.8 billion and a 24-hour growth of 14.71 percent, the coin is now the seventh-largest cryptocurrency.<\/p>\n\n\n\n

The incredible surge compares to a year and a half ago, when Solana <\/a>was just getting started and the market hadn't yet recognized its value.<\/p>\n\n\n\n

Solana, which was created by former Qualcomm employees, promises a slew of advances that will speed up transactions, expand capacity, and reduce transaction costs to a fraction of a penny per transaction.<\/p>\n\n\n\n

The most notable of these is proof-of-history, an unique consensus technique that confirms transactions by logically deducing whether someone is able to fund them using a cryptographic <\/a>clock.<\/p>\n\n\n\n

Solana's emergence comes at a time when the market is clamoring for a low-cost, smart contract-enabled blockchain with high throughput. Ethereum, its major rival, is on the verge of collapsing; a long-awaited update is taking forever, and transactions can cost hundreds of dollars.<\/p>\n\n\n\n

The creation of an NFT marketplace on FTX<\/a>, which allows consumers to exchange NFTs across Solana and Ethereum, coincides with Solana's latest all-time high. Customers spammed entries of NFT <\/a>fish, causing the marketplace to make news today. Since then, FTX has imposed a price for NFT submissions.<\/p>\n\n\n\n

Although the NFTs minted on FTX's new marketplace cannot yet be withdrawn, the concept of minting NFTs for a little amount of money (compared to the $80 it costs to mint an NFT <\/a>on Ethereum) on a large exchange that supports the Solana ecosystem may have attracted new investors.<\/p>\n\n\n\n

Solana's climb today has been aided by the rest of the market. As the non-fungible market continues to flourish, Bitcoin has risen to $51,908 hours before El Salvador accepts it as its national currency, and Ethereum <\/a>is flirting with $4,000 as well.<\/p>\n","protected":false},"excerpt":{"rendered":"

This season is being dubbed “Solana Summer.” by some. Solana (SOL) has surpassed yet another milestone. The cryptocurrency is now valued at $157. With a market cap of $45.8 billion and a 24-hour growth of 14.71 percent, the coin is now the seventh-largest cryptocurrency. The incredible surge compares to a year and a half ago, […]<\/p>\n","protected":false},"author":13,"featured_media":9371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[778,147,275],"class_list":["post-9369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ftx","tag-nft","tag-solana"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/image-59.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/9369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=9369"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/9369\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/9371"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=9369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=9369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=9369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}