Solana Touches $200 as Team Reveals Carbon-Neutral Year

Solana Touches $200 as Team Reveals Carbon-Neutral Year
  • Solana has touched the $200 price mark as the market is returning to pre-dip levels.
  • At the time of writing, Solana price is at $199.41, according to CoinGecko.
  • Solana Foundation earlier revealed that their blockchain is carbon neutral.

Solana (SOL) is back at the $200 zone, as its price has already started its way toward its bullish price. At the time of writing, SOL price is at $199.41, according to CoinGecko.

SOL/USDT 1-day chart (source: TradingView)

After more than a month of struggling, Solana price is back on track. Nevertheless, it still has a long way to go before it reaches its current all-time high price (ATH) price of almost $260. Still, Solana is faring relatively well compared to other cryptocurrencies.

A couple of days ago, Solana Foundation announced that the Solana blockchain achieved a carbon-neutral status in 2021. 

According to Solana Foundation Executive Director Dan Albert,

“Our carbon neutrality initiatives, paired with Solana’s high-performance, energy-efficient design, means the community can build a sustainable web3 future for many years to come.”

The announcement is in light of multiple environmental concerns against cryptocurrency mining, particularly of Bitcoin and Ethereum. In contrast, Solana revealed that it has been supporting a process called refrigerant destruction. Moreover, the foundation estimates that a single Solana transaction uses roughly 1,939 Joules only. Specifically, this amount is less than the energy required to complete two searches on Google.

disclaimer read more

Crypto News Land ( , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

CryptoNewsLand (CNL) is a one-stop online crypto news website that offers the latest happenings in the crypto world.