The cryptocurrency market lives through different stages. Usually, these see the bull and bear trends meaning the market’s upward and downward movement. Experienced investors know the main rule of success – to purchase assets on the bottom and sell them on highs. But many people do the opposite – guided by mass euphoria when the market is skyrocketing, they buy crypto and sell them in a panic when the market is dropping.
Another critical thing in investment is picking an asset. Again, experienced investors recommend buying coins with great liquidity and trade volume.
Another crucial thing is the essence of a project and application, the value and benefits its coin brings to the market. Along with the most successful crypto projects, we would like to outline Solana. It is a platform that can compete with Ethereum, providing:
- Much bigger throughout
- Low fees
- Possibility to stake coins.
You can buy Solana crypto on any crypto exchange because it is one of the most popular coins. Solana live price can be tracked on Coinmarketcap resource, or you can use the WhiteBIT platform if you want to check price charts and track them all in one place.
Price of SOL: Today and a Year Ago
Let’s look at WhiteBIT charts and see how the price of SOL changed. As of mid-November 2022, one coin costs $14.41. The last 30 days ranged between $37.31 and $12.53. Looking at the year’s chart, we can see a considerable drop from the $238 mark to today’s price. In the background of the overall market drop, these price declines are normal. Take a chance to buy Solana crypto on its bottom and hold coins until the next bull market. You can do it on the WhiteBIT platform using convenient tools. You can also take advantage of crypto lending that allows making a passive income from holding your SOL coins on the exchange.