Assessing if Solana holders are struggling to stay profitable

is not the only cryptocurrency that has taken a hit in the past few days. Altcoin, Solana [SOL] too hopped on the same bandwagon of plummeting prices.

Although the price surged by a minor of 0.32% in the last 24 hours of 23 August, things still seemed stormy for the altcoin. In fact, the token’s market cap has gone down from $16.48 billion to $12.36 billion in the span of three months.Consider this- an Ethereum maximalist Evan Van Ness on Twitter made aBack to the intrinsic value of zero?Although a cynical take for most SOL investors, a lot of speculators believe that the bearish momentum will continue.

As displayed in the chart below, Solana has been getting a lot of traction on social media. But unfortunately for SOL, the majority of the sentiment has been negative.Well, the negative sentiment towards the alt is reflected in the price of SOL on the one-day chart. It has been supporting sellers with occasional upticks.

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Source: CryptoAmb - 🏆 22. / 68 Read more »