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.

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