Solchat (CHAT) is a privacy-first messaging protocol built on the Solana blockchain. It offers text, voice, and video calls in a Web3 environment.
The platform utilizes Solana’s low gas fees and stores messages and group chats on-chain. Solchat allows encrypted interactions and peer-to-peer calls via WebRTC.
This guide provides a comprehensive overview of Solchat (CHAT), a unique cryptocurrency. I will delve into the distinctive attributes of this digital asset, its tokenomics, historical price trends, and potential future trajectories. Lastly, I will guide you on the process of acquiring this relatively fresh crypto asset. Let’s dive right in!
Solchat (CHAT) Key Features
The Solchat platform comes with some of the highly coveted features of a messaging application. Here are a few.
| On-Chain Storage | Unlike web2 messaging platforms, Solchat stores messages and group chats on-chain, made possible by Solana’s low gas fee. |
| Privacy and Security | With all interactions being encrypted, Solchat prioritizes user privacy and security. The audio and video calls are done peer-to-peer via WebRTC to enhance security. |
| Integration with Web3 | Solchat is designed to work seamlessly in a Web3 environment, making it suitable for decentralized applications and smart contracts. |
Solchat (CHAT) Tokenomics
The total supply of CHAT is 8,999,983 tokens and has no upper limit in place. Out of the existing supply, 8,043,460 CHAT are in circulation.
Solchat (CHAT) Past Performance
At the time of writing, CHAT is sold for $14.44, which is 1.70% down from yesterday.
The token’s market cap stands at $116 million. The 24-hour trading volume is 8.6 million, also 33.6% below yesterday’s numbers.
Solchat (CHAT) Price Forecast
We have used a wide range of trading signals and technical indicators with varying weights. The support and resistance levels of the CHAT price are also considered for the analysis.
The major technical markers considered are RSI, Moving Averages, and the MACD. The chart below offers the predictions from our analysts.
| Year | Min Price | Avg Price | Max Price |
| 2024 | $15.60 | $16.08 | $18.49 |
| 2025 | $17.16 | $17.69 | $20.34 |
| 2026 | $18.88 | $19.46 | $22.38 |
| 2027 | $20.76 | $21.40 | $24.62 |
Where to Buy Solchat (CHAT)?
You can buy CHAT from the following places.
How to Buy Solchat (CHAT)?
- First, create a wallet that supports Solana. You can choose Phantom or Sollet.
- Now, transfer some SOL to your wallet. If you don’t already have some, you can buy them from any major cryptocurrency exchange.
- Go to the Raydium website and connect your wallet by clicking the ‘connect wallet’ button.
- Now, enter the amount of SOL you want to swap, select CHAT from the dropdown list of tokens, and click ‘swap’.
- A confirmation window will pop up in your wallet. Review the details and click ‘confirm’.
- The CHAT tokens will appear in your wallet.
Conclusion
Solchat offers a privacy-centric communication protocol based on web3. Though encrypted messaging has been around for a while, Solchat comes as a fully decentralized chat and call platform. Starting last week, its native token CHAT has been showing great promise to investors. Our analysts are bullish about this token.
With everything considered, I want to add that cryptocurrencies, with all their upside potential, are also highly volatile and considered risky investment vehicles. Market sentiments can significantly influence the prices of crypto assets, irrespective of their intrinsic value.
Readers need to conduct their research before engaging in such investments. Furthermore, I strongly advise against participating in leveraged investments and transacting with complex financial instruments.
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