QuickNode is a platform for blockchain development and has just added support for the Solano blockchain. The QuickNode ecosystem now supports Solana as a blockchain and cryptocurrency. The proof-of-history operating method for this network allows it to process a lot of decentralized transactions very quickly.
Solana already works with Ethereum and uses Wormhole to bridge the two systems. The Solana ecosystem is home to major cryptocurrencies, including Tether (USDT), Solana (SOL), Terra (LUNA), Chainlink (LINK), Searum (SRM), and more, so QuickNode will be incorporating access to all of those as well.
Solana’s Performance as a Digital Coin
Solana is up 1.16% today to $36.53 (SOL/USD). The digital coin continued to move up steadily but slowly this week, starting off Monday at $34.83. It’s nearing the $40 resistance level which it last tested all the way back in the middle of June. Trade volume for Solana is up an incredible 42.70% over the last 24 hours.
Solana has proven itself one of the most resilient cryptocurrencies throughout this year. When the market crashed in May, Solana didn’t fall as far as many of its counterparts. It reached an all time high during that month of $55.91. The bears got ahold of it shortly thereafter, and a few times since. However, Solana has managed a quick recovery most times, proving itself to be a sound investment so far this year.
Selena continues to test that $40 level, and this may be a good time to invest before it shoots even higher. However, its performance over the last few months would indicate that the coin may be nearing a peak and could plummet for a short while before rising once again.
The addition of Solana to QuickNode could help extend its value and improve its liquidity. It can also help to introduce Solana to more of the mainstream, picking up more investors to help turn this digital asset bullish.
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