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How to buy Solana (SOL) in Canada
– moneysense.ca
As cryptocurrencies become more mainstream, investors are looking beyond bitcoin and ether to get in on the action. These two coins still command the lion’s share of the $2.36-trillion global crypto market (all figures in U.S. dollars), but as they increasingly move in sync with stock markets, some investors are buying altcoins to diversify their holdings.
One of the beneficiaries of this trend is SOL, the native coin of the Solana blockchain. It is currently the fifth-largest crypto, with a market cap of about $69 billion, as of Sept. 24, 2024, per CoinGecko. SOL is currently trading at $148.93, and there are nearly 469 million SOL tokens in circulation.
If you’re looking to expand your crypto exposure or add coins that are less sensitive to news headlines, SOL merits a closer look.
What is Solana?
Solana was co-founded by Anatoly Yakovenko, Greg Fitzgerald and Stephen Akridge, all former employees of U.S. chipmaker Qualcomm. Solana Labs is the company that runs the Solana blockchain…
