Solana’s native token, experienced a tumultuous journey, plummeting from a peak of around $260 in late 2021 to a low of approximately $8 in January 2023. However, just like the narrative of a compelling movie character, Solana has undergone a redemption arc.
Earlier this month, the cryptocurrency surged past $160, marking its highest price point since Early 2022. Currently, it stands as the fourth largest cryptocurrency (excluding stablecoins) by market capitalization, trailing behind Bitcoin, Ethereum, and BNB. Solana has witnessed a remarkable increase in value over the past month and an astounding 588.90% increase compared to the same period last year, as per CoinMarketCap data.
Renowned for its robust NFT marketplace, which ranks as the second largest by all-time sales volume at $5.2 billion, Solana’s blockchain also boasts a thriving decentralized finance (DeFi) ecosystem. Moreover, developers have leveraged its infrastructure to swiftly deploy meme-coins on its chain, underscoring its versatility and appeal.
It comes as no surprise that the momentum and adoption of Solana’s blockchain technology are reflected in the upward trajectory of its native token.
What Is The Current Value Of Solana?
As of April 20, 2024, the price of Solana (SOL) hovers around $151, boasting a market capitalization exceeding $67 billion. This notable surge contrasts starkly with its humble beginnings, commencing at $0.22 in 2020. The upward trajectory can be primarily attributed to its expanding adoption, the impact of Bitcoin Halving, and strategic collaborations with prominent corporations.
Where To Sell Solana In Nigeria
If you are looking to sell your Solana in Nigeria, look no further than Dart Africa when hunting for an ideal platform. Dart Africa has both web and mobile applications for its customers to seamlessly trade the various types of cryptocurrency available on the platform.
Dart Africa prides itself on offering its users competitive exchange rates, making it a top choice for cryptocurrency trading. Renowned for its lucrative rates, we ensure that customers receive the best possible returns when they trade their coins with us. With the Dart Africa rate calculator, users can easily determine the value they will receive for their Solana and other cryptocurrencies.
One of Dart Africa’s key strengths is its swift payment processing. Once a cryptocurrency transaction is confirmed, customers can expect to receive their corresponding Naira amount within minutes. This speedy and reliable payment system sets Dart Africa apart from its competitors.
Navigating Dart Africa’s website is a breeze, thanks to its user-friendly interface. Designed to streamline the crypto trading experience, the website ensures that both existing customers and newcomers can sell their coins with just a few clicks. However, to sell Bitcoin or other altcoins on Dart Africa, users must first create an account or log in to their existing account.
Solana to Naira Exchange Rate
Dart Africa emerges as the top choice for those seeking to convert Solana to cash in Nigeria. Dart Africa stands as a homegrown crypto exchange platform tailored specifically for the African market, with a primary focus on Nigeria and Ghana.
With the current exchange rate listed on our rate calculator at NGN 1,025/$, the present value of 1 SOL amounts to NGN 152,760.
Here’s a step-by-step guide on how to sell Solana on Dart Africa:
- Sign up for an account on Dart Africa if you haven’t already, or log in to your existing account.
- Once logged in, navigate to the “Sell Coin” section on your account dashboard.
- Select Solana (SOL) as the cryptocurrency you want to sell, and click on the “Sell Coin Now” button.
- A crypto address will be provided for you to send your Solana to. You can either copy the address or scan the QR code.
- After sending your Solana to the provided address, your Dart Africa wallet will be credited immediately once the cryptocurrency transaction is confirmed.
- Finally, you can withdraw the funds to your bank account.
