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Where Will Solana Be in 3 Years?

TheMotleyFool 
0 0 27.06.26
Where Will Solana Be in 3 Years?: https://g.foolcdn.com/editorial/images/876500/a-visualization-of-a-blockchain.jpg
 

Solana (CRYPTO: SOL) set a record high of $295 on Jan. 18, 2025. That marked a near-190% gain over its previous 12 months. But as of this writing, the token trades at about $73. Let's see why Solana soared, why it pulled back, and where it could head over the next three years.

Like Ethereum (CRYPTO: ETH), Solana is a proof-of-stake (PoS) blockchain that supports staking (locking tokens to earn rewards) and smart contracts (for developing decentralized apps). However, Solana's Layer-1 (L1) blockchain is much faster than Ethereum's L1 blockchain because it integrates its own proof-of-history (PoH) mechanism, which timestamps transactions before they're validated, into its PoS consensus mechanism.

Image source: Getty Images.

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Source Fool.com

Sol Stock

€54.80
-1.800%
We can see a decrease in the price for Sol. Compared to yesterday it has lost -€1.000 (-1.800%).

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