SOL Value All the way down to 5-Month Lows, “Solana Embassy” Opens Doorways for Public


In accordance with knowledge supplied by CoinMarketCap (CMC), Solana’s (SOL) value has plunged to a five-month low whereas “The Solana Embassy” opens doorways for the general public in Miami, Florida.

SOL — the ninth-largest cryptocurrency with a market cap of round $10 billion — is buying and selling at $28.2 on the time of writing, down nearly 5% previously 24 hours, per CMC knowledge. The final time Solana touched the $28 mark was in mid-June this 12 months.

It’s not simply the SOL value that’s been taking place lately. Equally, Solana’s non-fungible token (NFT) gross sales have been seeing a downward motion since Oct. 10, in response to CryptoSlam knowledge. The so-called “Ethereum Killer’s” NFT gross sales have dropped to roughly $1.5 million, a nine-month low stage.

Solana NFT Sales Volume

As beforehand reported by U.Right now, Solana has been criticized for its persistent outages all year long. This rose a really unfavourable sentiment towards the Solana ecosystem, Santiment knowledge earlier this month.

Some excellent news in any case

Whereas the SOL value has been dangerous information for buyers, Solana followers can now go to “The Solana Embassy” in Miami. In accordance with a Thursday announcement, the brand new location shall be “greater than only a retailer,” that includes “a classroom, cultural heart, lounge, nightclub, and retailer.”

The house, situated within the coronary heart of Wynwood, is one-of-a-kind.

We’ll by no means construct one other location fairly like this in the US.

Our aim is to put an Embassy in each nation, as a protected haven and onboarding heart for brand spanking new and present Web3 residents alike.

— Solana Areas (@solanaspaces) October 20, 2022

Per the thread, Solana plans to construct related embassies in different international locations as effectively. These areas can be used for enterprise conferences.

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