Solana enthusiasts should consider this before buying back at the current level

Why investors should consider a different strategy for SOL

. While these factors have eroded interest in cryptocurrency, its current discount is quite attractive.Although SOL’s discounted price is enticing, there is no getting around the eroded trust. As a result, the cryptocurrency has barely secured enough bullish momentum for a sizable rally since June. This underscores why SOL might not be the ideal cryptocurrency forOne factor that fueled Solana’s initial hype in 2021 was the hope that it would be an “Ethereum killer.

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Solana [SOL] is up by 10%, but here’s the ‘but’ of it allDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion SOL has a bullish market structure Negative sentiment and a decline in development activity could favor a price correction Solana (SOL) recorded impressive mid-week price gains, up by 10% at the time of writing. […]
Source: CryptoAmb - 🏆 22. / 68 Read more »