By:
After a splendid Bull Run in November, Solana (SOL) coin has decided to take a break and it is currently in a retracement. However, analysts do not expect the pullback to continue for too long although the coin has lost more than $50 so far.
Therefore, the current Solana price dip creates a great opportunity for any investor wishing to cash in for the long term.
To help investors and traders who are eyeing to buy and hold the SOL coin, Invezz has created a brief article to help with identifying the best places to buy it.
To find out more, please continue reading.
Best places to buy SOL
Binance
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
CEX.IO
Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.
What is Solana (SOL)?
Solana (SOL) is the native token of the Solana protocol.
Solana protocol is an open-source blockchain project that banks on the permissionless nature of blockchain technology to provide decentralized application (DApp) developers with a platform for creating decentralized finance (DeFi) solutions.
It offers improved scalability compared to the likes of Ethereum since it uses the proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms.
Should I buy the SOL coin today?
Since analysts predict that the current Solana price retracement is short-lived, you can buy the SOL coin and wait for it to correct the pullback.
Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.
Solana price prediction
At the start of November, analysts expected the SOL price to continue climbing and set a new all-time high above $240 before the end of the year.
However, following the current retracement, analysts have lowered their price target and they expect the coin to close the year above $190.
$SOL social media coverage
The post Where to buy the current Solana (SOL) coin dip appeared first on Invezz.
