What is Solana (Sol)?

Solana is a fast-growing blockchain with striking similarities to Ethereum—often referred to as an “Ethereum killer.” Like Ethereum, the SOL token can be purchased on most major exchanges. The token’s real value is in conducting transactions on the Solana network, which has unique advantages.

Is Solana a good cryptocurrency?

The Solana community has excellent fundamentals and is an incredibly efficient platform, but the catalyst that catapulted the SOL coin price to the moon is an NFT project called the “Degenerate Ape Academy.” Launched in mid-August on the Solana blockchain, this project sold over 10,000 “smoothest brain” apes in a matter of minutes.

How successful is Solana?

According to Sol Scan, the success rate of Solana’s transactions has fairly remained above 75% in the majority of the cases. This comes in light of the congestion in Solana’s network. If Solana manages to sail across the challenges of the crypto-verse, whilst fixing the consensus issues. The price of SOL might escalate upwards of $36.87.

Who is suing Solana (Sol)?

The lawsuit was filed by the plaintiff, Mark Young, with Roche Freedman LLP and Schneider Wallace Cottrell Konecky on behalf of all investors who bought Solana (SOL) tokens from March 24, 2020 through the present.