- Solana Price Prediction to consolidate between 1.65-1.68$ range
- SOL line of control still lies below 1.53$ zone, looking bullish for many investors
- The Solana company claims that one transaction requires less energy than two Google searches
Reports on the blockchain platform state that Solana transactions are more energy efficient than its contemporaries. Solana claims that two Google searches consume more energy than a single Solana transaction based on its latest Energy Use Report. During a test, the network discovered that Solana transactions consume 24 times less energy than charging a mobile phone for an hour.
In the report, the annual energy consumption on Solana is 3,186,000 Kilowatt-hours (kWh).A Solana transaction consumes 1,837 Joules, whereas two Google searches consume 2,160 Joules, Solana said in its report. Cryptographically, one Bitcoin transaction consumes 6,995,592,000 Joules of energy, while a single Ethereum transaction consumes 692,820,000 Joules.
Also Read: South Korea welcomes crypto, while the US officials speak against it
Lets dip dive into technical analysis of SOL
Technical Analysis of SOL: bullish sentiment in 4hour SOL/USDT Binance pair (platform using Tradingview.com)
According to Oscillators
SOL has a bullish sentiment when examined in 4hour chart [Pair SOL/USDT Binance] and moving average gives indicator about buy.
Technical Analysis : Solana Price Forecast using 4EMAs (10,20,50,200) and RSI (Relative Strength index)
Pivot, Resistance and Support Levels for Day Trading SOL USDT [SOL Price Forecast]
Calculation For Trading:
Resistance Level (R3): 224.349
Resistance Level (R2): 213.603
Resistance Level (R1): 210.535
Support Level (S1): 192.572
Support Level (S2): 185.354
Support Level (S3): 159.319
SOL Price Prediction: FAQs
| What will be the lowest price of Solana (SOL) in future? | Upto $903.95 USD |
| What will be the highest price of Solana (SOL) in future? | Upto $1,068.63 USD |
| Will Solana (SOL) price increase in future? | Yes, Solana (SOL) price will increase according to our predicted data in future. |
| Investment in Solana (SOL) is profitable or loss-making? | Yes, Solana (SOL) is profitable investment based on our forecasting. |
| Whether the price of Solana (SOL) will be downward in future? | No, Solana (SOL) price will not be downward based on our estimated prediction. |
| In 1 year from now what will 1 Solana be worth? | The price of 1 Solana (SOL) can roughly be upto $446.49 USD in 1 years time a 2X nearly from the current Solana price. |
| Where do I buy Solana? | There are many places to buy and exchange Solana we list them all here. |
| What will the Solana Price be tomorrow? | Our algorithm predicts that the Solana Price can be upto $216.96 USD by tomorrow. |
| What will be the price of Solana (SOL) after 1 year? | Upto $446.49 USD |
| What will be the price of Solana (SOL) after 2 years? | Upto $414.44 USD |
| What will be the price of Solana (SOL) after 3 years? | Upto $507.07 USD |
| What will be the price of Solana (SOL) after 4 years? | Upto $728.15 USD |
| What will be the price of Solana (SOL) after 5 years? | Upto $737.44 USD |
| What will be the price of Solana (SOL) after 6 years? | Upto $769.29 USD |
| What will be the price of Solana (SOL) after 7 years? | Upto $948.82 USD |
The Solana blockchain is considered an efficient, secure, fast, censorship-resistant, and highly automated system that supports global adoption. Decentralizing the network by providing computing resources to validate transactions or storing redundant ledge data is the mission of the validator.
Currently, Solana (SOL) price is $204 with a market capitalization of $61,875,932,617.23, putting it in a commendable position of the global cryptocurrency rankings.
History of Solana
Anatoly Yakovenko, the founder of Solana, published a whitepaper draft detailing a new timekeeping method for distributed systems dubbed Proof of History (PoH) in late 2017. The inability to reach consensus on transaction order is one of the limitations of bitcoin and ethereum blockchains, In Anatoly’s opinion, his new methodology could automate the transaction ordering process for blockchains. This was a major component of enabling crypto networks to grow beyond their capabilities at the time.
