Overview of Solana
Solana foundation started way back in 2017 but relaunched in the first quarter of 2020. Within a year, it became a top-ten cryptocurrency. During the 2021 bull run, the crypto world noticed Solana when it started mooning with other cryptocurrencies in the market.
To further speed its token price to its $260 All-time high, Solana had an excellent, secure, and efficient platform that operated an energy-efficient consensus mechanism called Proof-of-History (PoH). Later in 2021, Solana launched an NFT project named “Degenerate Ape Academy.” This project catapulted Solana to the moon when it sold over ten thousand (10,000) units on OpenSea, a marketplace to trade NFTs.
Despite the market crash of major crypto assets, Solana did not go down easy like the rest of the competition, but the price dropped later. As of the time of writing, the current market price of Solana is $32.