Solana Price Prediction 2022-2026-Will SOL Price Hit $140 by the end of 2022?

SOL is the native of the Solana blockchain that uses the proof-of-history (POH) consensus mechanism as an alternative to the high-cost proof-of-work mechanism that is used in the Bitcoin blockchain. Proof of history uses time as a historical record of proof on top of the proof-of-stake method. Its adoption of the POH mechanism had ensured that it functions with high scalability and decreased the number of validators unlike the number required in the Ripple ledger. Transactions are completed faster and at a very low cost. This has made it attract a lot of decentralized finance (Defi) projects, institutional traders, and non-fungible tokens projects. What is Solana (SOL)? SOL is the token used to carry out transactions within the Solana open-source blockchain. The blockchain can be used to build decentralized applications and also deploy smart contracts. It was launched in March 2020 with Anatoly Yakovenko as the main co-founder. It assures its developers and users the blockchain will remain one of the lowest in terms of fees used for transactions while maintaining fast processing time and high scalability. It can be traded in markets like Binance, Kucoin, Gate.io, Coinbase, Kraken, and others. Now, let’s see Solana’s (SOL) price analysis for the coming years. Price Analysis of Solana (SOL) Flashback: Fundamental Analysis of SOL The present news on Solana payment platform Solana (SOL) Pay is a big development in the cryptocurren...