Price Analysis

Solana Will Soon Go Live on Coinbase Pro! Bullish Signals for SOL Price As It Hits $50

The native token of scalable blockchain Solana (SOL) will be listed on Coinbase Pro, the crypto exchange’s professional-level trading platform. Coinbase listing is huge because it gives cryptocurrency access to one of the world’s largest exchange user bases.

Coinbase just revealed that SOL trading would be available on its Coinbase Pro site. Investors can now move their current SOL into their Coinbase Pro accounts as of May 20. Solana will be traded for the first time on May 24. SOL coins can be bought with USD, GBP, the Euro, Bitcoin and Tether.

“Once sufficient supply of SOL is established on the platform, trading on our SOL/USD, SOL/BTC, SOL/EUR, SOL/GBP, and SOL/USDT order books will launch in three phases, post-only, limit-only and full trading.

SOL jumped from about $44 to $48 shortly after Coinbase Pro announced it on Twitter. According to CoinMarketCap, SOL is ranked 15th among the top assets by market cap, with a valuation of $10.59 billion.

Following Binance.US, which listed SOL in September of 2020, Coinbase Pro is the second American exchange to list SOL.

Solana is a smart contract blockchain platform that is being billed as one of the leading contenders in the decentralised finance room, with the potential to steal Ethereum’s crown by providing cheaper and faster transactions.

To summarise Solana’s year so far, it has received five $20 million investments from various strategic investing companies, and its stock has been steadily rising each day. Solana has been flexing its muscles, reaching an all-time high of $58 recently. It’s now landing at Coinbase

Also Over the last 12 months, Solana’s native token has surged by over 11,000% top-to-bottom and year-to-date SOL has surged approximately 3,000%. Solana is currently trading at around $36.26 at the time of writing.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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