Solana (SOL) has recently made headlines with its staggering growth, soaring over 4x in just three months. This bullish trend has sparked widespread optimism, with many investors and enthusiasts anticipating SOL to revisit its previous all-time high (ATH) of over $250. If you’re looking for a quick way to buy Solana in 2024, we’ll provide a step-by-step process to make your investment journey smooth and efficient.
What is Solana SOL?
Solana is a highly functional open-source project that implements a new, high-performance, permissionless blockchain. It’s known for its remarkable speed and efficiency in processing transactions and executing smart contracts. Solana’s core innovation lies in its consensus mechanism, which combines Proof of History (PoH) with the underlying Proof of Stake (PoS) structure. This unique hybrid model allows the network to process transactions at an exceptionally high speed, significantly reducing the time and computational power needed to maintain the ledger.
Solana also supports smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. This feature opens up a wide range of possibilities for automation and decentralized solutions across various sectors.
The native cryptocurrency of the Solana network is SOL. It is used to pay for transaction fees and for staking, which is a process where users lock up their tokens to help secure the network and, in return, earn rewards.
Is Solana a Good Investment in 2024?
In 2024, Solana presents itself as a compelling investment opportunity within the cryptocurrency landscape. Recently, it has notably outperformed the broader crypto market, showcasing its resilience and potential for growth. Despite its impressive performance, Solana is still considered undervalued, especially when compared to its previous all-time high (ATH) of $250.
Fig.1 SOL/USD 1-week chart – TradingView
Currently trading at around $94, Solana not only demonstrates a significant gap from its peak but also indicates substantial room for growth. This disparity between its current price and ATH suggests that Solana has the potential to offer considerable returns to investors who are looking for opportunities in cryptocurrencies that have both a proven track record and an upside potential.
Where to Buy Solana in 2024?
Bitget stands out in the crowded field of cryptocurrency brokers for several compelling reasons. Renowned for offering some of the lowest fees in the market, Bitget makes trading more cost-effective, ensuring that your investment goes further. Additionally, the platform’s user-friendly interface simplifies the trading process, making it accessible for both beginners and experienced traders alike.
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How to Buy Solana in 2024?
Now that you know why we like Bitget, here’s a simple step-by-step guide on how to do so. If you’re just starting your crypto journey, start from the first steps. However, if you already have an account with Bitget, jump to step 3.
1- Set Up Your Bitget Account
Begin by creating a Bitget account. Go to this link and sign up using your email or your mobile number.
2- Complete your Identity Verification
To comply with regulatory standards and enhance your trading experience, complete Bitget’s identity verification process. This involves selecting your country, uploading identification documents, and submitting a selfie. Once verified, you’ll receive a notification, and you’re ready to proceed.
3- Buy Solana with a Card
Easily link your Visa or Mastercard by selecting the Credit/Debit card option in the Buy Crypto tab. Follow the screenshots below to replace USDT with SOL, add a new card and complete your transaction with zero fees.
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