Solana (SOL) Price Should Be ‘Bare Minimum’ 3x Higher, According to InvestAnswers

A popular crypto analyst thinks that the Ethereum (ETH) competitor Solana (SOL) is dramatically undervalued.

In a new update, the anonymous host of InvestAnswers tells his 444,000 YouTube subscribers that the number of daily active addresses on Solana rivals that of Ethereum, yet it is currently only worth 1/25th of ETH’s market cap.

“[Solana] does way more transactions. And the people who are active on the chain are a lot more active and the breadth of DApps (decentralized applications) is broader, etc., etc. And this is a crazy thing that’s going on – it’s mind-boggling, but sometimes markets are irrational.”

The analyst notes that Solana should, at the “bare, bare minimum,” be worth 1/10th the market cap of Ethereum.

Ethereum’s market cap hovers around $227.5 billion at time of writing, meaning 1/10th of that would be around $22.75 billion. Solana’s market cap is currently $8.1 billion, meaning reaching 1/10th of Ethereum’s market cap would equate to a nearly 3x jump.

Says the InvestAnswers host,

“It’s hard to say exactly where this can go, because there’s no solid trading pattern between both, because literally, as I mentioned before, SOL has been bleeding against ETH for the last year with the FTX debacle, etc., etc. It’s just been doing badly. And it needs to break out, and that means it needs to get above $30 and then [it’ll be] off to the races.” 

SOL is trading at $20.57 at time of writing. The 11th-largest crypto asset by market cap is down more than 1% in the past 24 hours.

Read More: https://dailyhodl.com/2023/05/30/solana-sol-price-should-be-bare-minimum-3x-higher-according-to-investanswers/

Solana (SOL) Price Should Be ‘Bare Minimum’ 3x Higher, According to InvestAnswers

A popular crypto analyst thinks that the Ethereum (ETH) competitor Solana (SOL) is dramatically undervalued.

In a new update, the anonymous host of InvestAnswers tells his 444,000 YouTube subscribers that the number of daily active addresses on Solana rivals that of Ethereum, yet it is currently only worth 1/25th of ETH’s market cap....

Solana (SOL) Records Surge In New Active Addresses, But Onchain Activity Takes A Dive

The Solana (SOL) blockchain has recently witnessed a divergence in its on-chain activity and the number of new addresses joining its network. Despite an impressive surge in new addresses, SOL’s on-chain activity experienced a decline during May.

Meanwhile, the asset’s price has also mirrored its on-chain activity as SOL has been in a downtrend in the past week, down by nearly 10%.

On-Chain Activity Defies New Address Metrics

As of this month (May), Solana demonstrated growth in its user base, with 5.4 million new addresses joining the blockchain. This surge represents the highest number of new addresses added since October 2022, hinting at a surge in interest in the Solana blockchain.

Typically, a surge in new addresses suggests strong fundamentals for a blockchain, reflecting growing adoption and community engagement.

Read More: https://www.newsbtc.com/news/solana/solana-sol-records-surge-in-active-addresses-but-onchain-activity/

Solana (SOL) Records Surge In New Active Addresses, But Onchain Activity Takes A Dive

The Solana (SOL) blockchain has recently witnessed a divergence in its on-chain activity and the number of new addresses joining its network. Despite an impressive surge in new addresses, SOL’s on-chain activity experienced a decline during May.

Meanwhile, the asset’s price has also mirrored its on-chain activity as SOL has been in a downtrend in the past week, down by nearly 10%....

Solana (SOL) Creator Anatoly Yakovenko Says This ‘Killer App’ Could Spark Next Boom in Crypto Adoption

Solana (SOL) co-founder Anatoly Yakovenko says one crucial development in the crypto space could trigger a boom in digital asset adoption.

Yakovenko says in a new interview with Scott Melker that stablecoin legislation in the US could blow the doors wide open in terms of onboarding new users to the sector.

“My big hope/dream is that this year Congress passes stablecoin legislation and we see a thousand stablecoins bloom that are competing globally and getting every human in the world access to a digital dollar.

And that means that we effectively start onboarding most of the world to the digital dollar on Solana, because it’s the best place to do it. But effectively at a fast, low-cost blockchain.

And once you have enough users with wallets and self-custody that are all doing this, I think then you really have a big enough market [and] you can start testing all the other business models. But we’ll see what happens, right? I think that’s one of the pieces that could cause a massive boom in crypto adoption.”

Read More: https://dailyhodl.com/2023/05/16/solana-sol-creator-anatoly-yakovenko-says-this-killer-app-could-spark-next-boom-in-crypto-adoption/

Solana (SOL) Creator Anatoly Yakovenko Says This ‘Killer App’ Could Spark Next Boom in Crypto Adoption

Solana (SOL) co-founder Anatoly Yakovenko says one crucial development in the crypto space could trigger a boom in digital asset adoption.

Yakovenko says in a new interview with Scott Melker that stablecoin legislation in the US could blow the doors wide open in terms of onboarding new users to the sector....

Solana (SOL) Faces Challenges with the Emergence of This New Competing Project

Solana (SOL), a popular blockchain platform known for its unique consensus mechanism, Proof of History (PoH), and high transaction throughput, is now facing competition from the launch of a new project Tradecurve.io, which price is predicted to surge 5,800% during the presale. Solana’s ability to support smart contracts and its interoperability with other networks have made it a game-changer in various industries. As the landscape evolves, the platform must continue to innovate and adapt to maintain its position in the market.

Solana (SOL) Encounters Challenges Amid Growing Competition

Solana (SOL), a blockchain platform known for its unique Proof of History (PoH) consensus mechanism and the ability to process close to 65,000 transactions per second, is currently facing challenges in a highly competitive market.

Solana (SOL) boasts significant advantages, such as its support for smart contracts and seamless interoperability with other blockchain networks, which establish the platform as a potential game-changer across various sectors. Nevertheless, as new projects and platforms rapidly emerge in the blockchain arena, Solana (SOL) must persist in innovating and adapting to retain its prominence in this constantly evolving environment.

Although it has already drawn numerous applications requiring swift and frequent transactions, such as financial services and supply chain management, Solana (SOL) needs to innovate to remain a preferred choice for developers and users alike. In summary, Solana (SOL)’s distinct features and capabilities have played a pivotal role in securing its strong standing within the blockchain industry.

Read More: https://bitcoinist.com/solana-sol-faces-challenges-with-the-emergence-of-this-new-competing-project/

Solana (SOL) Faces Challenges with the Emergence of This New Competing Project

Solana (SOL), a popular blockchain platform known for its unique consensus mechanism, Proof of History (PoH), and high transaction throughput, is now facing competition from the launch of a new project Tradecurve.io, which price is predicted to surge 5,800% during the presale. Solana’s ability to support smart contracts and its interoperability with other networks have made it a game-changer in various industries. As the landscape evolves, the platform must continue to innovate and adapt to maintain its position in...

Solana (SOL) Price Trend Update: Will May Bring a Reversal?

• The Solana (SOL) price has decreased over the past two weeks and is at risk of a breakdown.

• The price action and wave count supports the ongoing drop.

• Moving above $26 will mean that the trend is bullish.

The Solana (SOL) price is at risk of breaking down from an ascending support line that has been in place since the start of the year.

Since the line has been in place for a long period of time, the breakdown below it would mean that the ongoing increase has ended. So, it could cause a sharp decrease toward the closest support.

However, the price has fallen since April 20 and is in the process of breaking down from the line. Since the line has been in place for 125 days, a breakdown from it would be a decisive bearish development.

The Relative Strength Index (RSI) gives a neutral reading. Traders utilize the RSI as a momentum indicator to assess whether a market is overbought or oversold, and to determine whether to accumulate or sell an asset.

Read More: https://beincrypto.com/sol-price-trend-may-where-to-next/

Solana (SOL) Price Trend Update: Will May Bring a Reversal?

• The Solana (SOL) price has decreased over the past two weeks and is at risk of a breakdown.

• The price action and wave count supports the ongoing drop.

• Moving above $26 will mean that the trend is bullish....

Solana (SOL) Retests Multi-Month Trend Line, Bulls Prevailing Again?

Sunday night’s crypto market-wide correction has once again sent the Solana price down to a level that is crucial for price action in the coming weeks. SOL has been forming an ascending trend line on the 1-day chart since late December last year, which could lead the price back into bullish territory, as NewsBTC reported.

Already in the last few days, the Solana price had tested the trend line (black) before a decent bounce to the upside took place. However, yesterday’s price action pushed SOL back to the trendline. However, as the 4-hour chart shows, SOL has shown strength and remained above the trendline.

The retracement has also caused Solana’s Relative Strength Index (RSI) to reset on the 4-hour chart. With the RSI near the overbought zone at 68, there has now been a healthy pullback to 41. Thus, the 4-hour chart continues to look bullish.

A look at the 1-hour chart continues to show a similarly strong picture. For SOL’s bulls, today is all about closing above the $22 level to stay above the trendline. If successful, the bulls can once again tackle resistance at $22.78 before the big challenge: the 200-day Exponential Moving Average (EMA) (blue).

Read More: https://www.newsbtc.com/news/solana/solana-sol-retests-multi-month-trend-line/

Solana (SOL) Retests Multi-Month Trend Line, Bulls Prevailing Again?

Sunday night’s crypto market-wide correction has once again sent the Solana price down to a level that is crucial for price action in the coming weeks. SOL has been forming an ascending trend line on the 1-day chart since late December last year, which could lead the price back into bullish territory, as NewsBTC reported.

Already in the last few days, the Solana price had tested the trend line (black) before a decent bounce to the upside took place. However, yesterday’s price action pushed SOL back to the trendline. However...

Solana (SOL) Trust by Grayscale Now Open to OTC Markets Traders: Report

A recently published press release states that Grayscale's Solana (SOL) trust is now available for trading on the OTC Markets platform, exposing it to a wider circle of traders.

SOL is the native cryptocurrency of Solana, whose whitepaper first emerged in 2017. Solana Network is often called an "Ethereum killer," as its goal is to let developers create smart contracts that can work on the Solana Network powered by SOL tokens. Similarly to Ethereum, Solana intends to expand the utility of blockchain far beyond payments.

Cryptocurrency trusts provided by Grayscale are basically shares backed by actual cryptocurrencies stored by the company. But this way, investors get exposure to digital assets without facing the difficulties of buying and storing them in a direct manner. There are over 304 GSOL shares, according to the press release. All crypto trusts of Grayscale are regulated by the Securities Act of 1933 and, therefore, trade as securities. U.S.-based investors can buy them directly, along with other securities.

Read more on U.Today https://u.today/solana-sol-trust-by-grayscale-now-open-to-otc-markets-traders-report

Solana (SOL) Trust by Grayscale Now Open to OTC Markets Traders: ReportA recently published press release states that Grayscale's Solana (SOL) trust is now available for trading on the OTC Markets platform, exposing it to a wider circle of traders.

SOL is the native cryptocurrency of Solana, whose whitepaper first emerged in 2017. Solana Network is often called an "Ethereum killer," as its goal is to let developers create smart contracts that can work on the Solana Network powered by SOL tokens. Similarly to Ethereum, Solana intends to expand the utility of blockchain far beyU....

Solana (SOL) On-Chain Staking Now Supported on This Major Exchange: Details

Solana's SOL on-chain staking is now supported by Singapore-based cryptocurrency exchange Crypto.com. On-chain staking utilizes the blockchain's proof-of-stake platform to generate rewards through a process referred to as "staking."

The announcement was made through the crypto.com institutional Twitter account. Solana users will be able to earn rewards with up to 5% APR. In late March, Coinbase announced its transition to on-chain staking for four cryptocurrency assets, including Solana.

According to staking rewards, Solana ranks as the second largest staking network after Ethereum, with a staking market cap of $7,956,072,148. Solana has a staking ratio of 72.55%. The number of stakers over the last seven days currently stands at 588,976. At the time of writing, SOL was marginally up 0.41% in the last 24 hours at $20.19. The token ranks as the tenth largest cryptocurrency with a market capitalization of $7.83 billion.

Read more on U.Today https://u.today/solana-sol-on-chain-staking-now-supported-on-this-major-exchange-details

Solana (SOL) On-Chain Staking Now Supported on This Major Exchange: Details

Solana's SOL on-chain staking is now supported by Singapore-based cryptocurrency exchange Crypto.com. On-chain staking utilizes the blockchain's proof-of-stake platform to generate rewards through a process referred to as "staking."

The announcement was made through the crypto.cominstitutional Twitter account. Solana users will be able to earn rewards with up to 5% APR. In late March, Coinbase announced its transition to on-chain staking for four cryptocurrency assets, including Solana....

Solana (SOL) Surpasses Ethereum (ETH) in Monthly Active Addresses: Details

According to blockchain analytics firm Nansen, six major blockchains had more than one million active addresses in March. The "addresses" in this context refer to those that have executed a transaction.

The six blockchains given are BNB Chain, Solana (wallets), Ethereum, Polygon, Arbitrum and Fantom.

The BNB chain led the pack in active addresses with 13.3 million users. Active wallets on the Solana network increased in March, outpacing other blockchains, including Ethereum. Active wallets for Solana stood at 5.8 million, while Ethereum saw 5.2 million active addresses, ranking third after Solana. Blockchains Polygon, Arbitrum and Fantom saw active addresses of 3.9 million, 2.2 million and 1 million, respectively. Nansen lists the entities contributing to the growth of active addresses seen for the blockchains mentioned.

Read more on U.Today https://u.today/solana-sol-surpasses-ethereum-eth-in-monthly-active-addresses-details

Solana (SOL) Surpasses Ethereum (ETH) in Monthly Active Addresses: DetailsAccording to blockchain analytics firm Nansen, six major blockchains had more than one million active addresses in March. The "addresses" in this context refer to those that have executed a transaction.

The six blockchains given are BNB Chain, Solana (wallets), Ethereum, Polygon, Arbitrum and Fantom.

The BNB chain led the pack in active addresses with 13.3 million users. Active wallets on the Solana network increased in March, outpacing other blockchains, including Ethereum. Active wallets for Solana stoodU.T...

Will Solana (SOL) Price End March on a Happier Note?

The Solana (SOL) price is expected to increase toward $27. The reaction once it gets there could determine the future trend.

SOL is the native token of the Solana blockchain, created by Anatoly Yakovenko. The Solana Network Grizzlython Hackathon ended on March 14. Grizzlython is an online hackathon for the Solana ecosystem. In it, builders submit their projects and compete with others over a six-week period, and the winner has an opportunity to raise seed funding from prominent crypto investors aided by the Solana Foundation.

Solana (SOL) Price Reaches Critical Level

The Solana price has fallen under a descending resistance line since reaching an all-time high price of $259.90 in November 2021. The decrease led to a low of $8 in December 2022. The SOL price reversed the trend immediately afterward, creating a bullish engulfing candlestick next week (green icon). 

Read More: https://beincrypto.com/solana-sol-price-recovers-after-sharp-fall/

Will Solana (SOL) Price End March on a Happier Note?

The Solana (SOL) price is expected to increase toward $27. The reaction once it gets there could determine the future trend.

SOL is the native token of the Solana blockchain, created by Anatoly Yakovenko. The Solana Network Grizzlython Hackathon ended on March 14. Grizzlython is an online hackathon for the Solana ecosystem. In it, builders submit their projects and compete with others over a six-week period, and the winner has an opportunity to raise seed funding from prominent crypto investors aided by the Solana Foundation....

Solana (SOL) Network Suffers Another Outage: What’s the Issue? The latest outage on the Solana network lasted approximately 24 hours. Community members are expressing concern over the blockchain's reliability and inherent design. The price of SOL has not declined dramatically in the wake of another significant network outage. Despite implementing a series of upgrades to improve the network, the Solana (SOL) blockchain has suffered numerous prolonged outages. On February 25th, 2023, the Solana Mainnet Beta suffered its latest performance degradation. The network outage caused transaction interferences resulting in the blockchain's developer community opting for a network restart. According to a report published by the Solana Foundation, the cause behind the 'significant' degradation of performance remains unknown. Read More: https://www.investing.com/news/cryptocurrency-news/solana-sol-network-suffers-another-outage-whats-the-issue-3015948
Solana (SOL) Network Suffers Another Outage: What’s the Issue? The latest outage on the Solana network lasted approximately 24 hours. Community members are expressing concern over the blockchain's reliability and inherent design. The price of SOL has not declined dramatically in the wake of another significant network outage. Despite implementing a series of upgrades to improve the network, the Solana (SOL) blockchain has suffered numerous prolonged outages. On February 25th, 2023, the Solana Mainnet Beta suffered its latest performance degradation. The network outage cause...
Solana stores in New York and Miami are shuttering Solana Areas opened retail shops in New York Metropolis and Miami final 12 months. Gabby Jones—Bloomberg by way of Getty Pictures Two experimental brick-and-mortar shops in New York Metropolis and Miami centered across the Solana blockchain are closing lower than a 12 months after opening. The shops, which had been launched with funds from the Solana Basis, had been meant to unfold the phrase concerning the blockchain and its cryptocurrency, SOL, whose worth has fallen after FTX’s implosion and subsequent chapter. From August to the tip of 2022, the independently owned and operated shops, dubbed “Solana Areas,” helped facilitate some 16,000 tutorials of the community, based on the Solana Basis, which works to construct out the blockchain. “Whereas it’s unlucky that Areas is sunsetting its two experimental retail areas, the Solana Basis seems ahead to the group creating different distinctive onboarding experiences,” a spokesperson for the inspiration mentioned in a press release to Fortune. On a tour of the New York Metropolis retailer in Hudson Yards a day earlier than it opened in July, Fortune discovered that folks had been excited by the concept. This model of the shop included a show of Degenerate Ape Academy NFTs on the wall and an interactive dashboard of the real-time transactions taking place on the blockchain. It additionally had a station to assist prospects create a Phantom pockets, the preferred crypto pockets for Solana. Read More: https://cryptonewsbtc.org/2023/02/22/solana-stores-in-new-york-and-miami-are-shuttering/
Solana stores in New York and Miami are shuttering Solana Areas opened retail shops in New York Metropolis and Miami final 12 months. Gabby Jones—Bloomberg by way of Getty Pictures Two experimental brick-and-mortar shops in New York Metropolis and Miami centered across the Solana blockchain are closing lower than a 12 months after opening. The shops, which had been launched with funds from the Solana Basis, had been meant to unfold the phrase concerning the blockchain and its cryptocurrency, SOL, whose worth has fallen after FTX’s implosion and subsequent chapter. From August to th...
Solana (SOL) Sustains Second Week of Inflows as Blockchain Sentiment Improves According to CoinShares data, digital asset investment products saw $117 million inflows last week, the largest since July 2022, while total assets under management (AuM) have risen to $28 billion, up 43% from their November 2022 lows. While the focus seemed to be almost entirely on Bitcoin, which saw $116 million in inflows last week, altcoins such as Solana saw inflows as well. Solana is sustaining its second week of inflows as sentiment around its blockchain has generally improved. Solana investment products saw inflows of $1.1 million in the past week, surpassing those of the previous week, where inflows of $0.1 million were recorded. Solana saw a remarkable rebound after declining over 42% in the wake of the FTX implosion. Once dubbed an "Ethereum killer," Solana was once the darling of FTX co-founder Sam Bankman-Fried. In late December 2022, Solana's token price steadily declined before plunging by as much as 20% on Dec. 29. Following Ethereum founder Vitalik Buterin's support tweet, SOL's price has more than tripled since then. Read more on U.Today https://u.today/solana-sol-sustains-second-week-of-inflows-as-blockchain-sentiment-improves
Solana (SOL) Sustains Second Week of Inflows as Blockchain Sentiment Improves According to CoinShares data, digital asset investment products saw $117 million inflows last week, the largest since July 2022, while total assets under management (AuM) have risen to $28 billion, up 43% from their November 2022 lows. While the focus seemed to be almost entirely on Bitcoin, which saw $116 million in inflows last week, altcoins such as Solana saw inflows as well. Solana is sustaining its second week of inflows as sentiment around its blockchain has generally improved. Solana investment products...
Solana (SOL) price rally could fizzle out due to weak fundamentals Solana’s usage data and ecosystem development do not support the recent bullish rally, raising the probability of a SOL price correction. Solana’s recent 250% rally to $25 has shocked many investors in the crypto market. At the same time, traders who had eyes on the negative funding rate for SOL in the futures market could have anticipated the bullish move ahead of others. It’s because excessive negative funding rates, like the one in Solana displayed below, implies that the majority of traders are on the short side, providing an opportunity for buyers to run their stops. Regardless of the reason behind the price increase, if enough buyers are interested in joining the bullish move, it can turn into a medium-to-long-term bullish trend. However, Solana's fundamental and market analysis shows weakness, which will more likely cause a steep correction in the altcoin. Full Article: https://cointelegraph.com/news/solana-sol-price-rally-could-fizzle-out-due-to-weak-fundamentals
Solana (SOL) price rally could fizzle out due to weak fundamentals Solana’s usage data and ecosystem development do not support the recent bullish rally, raising the probability of a SOL price correction. Solana’s recent 250% rally to $25 has shocked many investors in the crypto market. At the same time, traders who had eyes on the negative funding rate for SOL in the futures market could have anticipated the bullish move ahead of others. It’s because excessive negative funding rates, like the one in Solana displayed below, implies that the majority of traders are on the short side, p...
Solana price rally risks exhaustion after SOL's 120% pump in two weeks SOL price has been unable to close above a key resistance level of around $17.50 despite its big rebound in the past two weeks. Solana price is up an impressive 60% since the new year, partially boosted by hype surrounding meme cryptocurrency Bonk (BONK). However, the SOL/USD pair now shows signs of exhaustion, raising anticipations that the token may see a short-term correction in the coming days. Solana turns overbought Solana is one of the best performing cryptocurrencies so far in 2023 after being one of the biggest losers in 2022. On Jan. 9, SOL's price jumped to as high as $19.50, or around 120% gains in a recovery rally after sliding below $8 on Dec. 29, 2022. But the price spike also turned Solana into an overbought asset, per its daily relative strength index (RSI) reading above 70, as shown below. Read More: https://cointelegraph.com/news/solana-price-rally-risks-exhaustion-after-sol-s-120-pump-in-two-weeks
Solana price rally risks exhaustion after SOL's 120% pump in two weeks SOL price has been unable to close above a key resistance level of around $17.50 despite its big rebound in the past two weeks. Solana price is up an impressive 60% since the new year, partially boosted by hype surrounding meme cryptocurrency Bonk (BONK). However, the SOL/USD pair now shows signs of exhaustion, raising anticipations that the token may see a short-term correction in the coming days. Solana turns overbought Solana is one of the best performing cryptocurrencies so far in 2023 after being one of...
Solana’s Anatoly Yakovenko Shares Thoughts on Ecosystem’s Biggest NFT Projects Leaving for Ethereum and Polygon Solana (SOL) co-creator Anatoly Yakovenko has chimed in on the expansion of some of the blockchain’s biggest projects to other chains. In November, Solana’s largest marketplace for non-fungible tokens (NFTs), Magic Eden, announced it was expanding to its third chain, Polygon (MATIC). Magic Eden also operates on Ethereum (ETH). Later that month, Solana crypto wallet Phantom added support for Ethereum and Polygon. And this Sunday at nearly the same time, Solana-based NFT projects y00ts and DeGods III announced on Twitter that they are bridging to Ethereum and Polygon next year. Read Full Article: https://dailyhodl.com/2022/12/28/solanas-anatoly-yakovenko-shares-thoughts-on-ecosystems-biggest-nft-projects-leaving-for-ethereum-and-polygon/
Solana’s Anatoly Yakovenko Shares Thoughts on Ecosystem’s Biggest NFT Projects Leaving for Ethereum and Polygon Solana (SOL) co-creator Anatoly Yakovenko has chimed in on the expansion of some of the blockchain’s biggest projects to other chains. In November, Solana’s largest marketplace for non-fungible tokens (NFTs), Magic Eden, announced it was expanding to its third chain, Polygon (MATIC). Magic Eden also operates on Ethereum (ETH). Later that month, Solana crypto wallet Phantom added support for Ethereum and Polygon. And this Sunday at nearly the same time, Solana-based NFT pr...
Solana joins ranks of FTT, LUNA with SOL price down 97% from peak — Is a rebound possible? SOL price jumped 20% after falling to its worst level since February 2021 with Solana's technicals suggesting that more upside is possible. Solana price down 97% from November 2021 peak On the daily chart, SOL's price rebounded to around $10.25, up over 20% from its previous day's low of approximately $8. Full Article: https://cointelegraph.com/news/solana-joins-ranks-of-ftt-luna-with-sol-price-down-97-from-peak-is-a-rebound-possible
Solana joins ranks of FTT, LUNA with SOL price down 97% from peak — Is a rebound possible? SOL price jumped 20% after falling to its worst level since February 2021 with Solana's technicals suggesting that more upside is possible. Solana price down 97% from November 2021 peak On the daily chart, SOL's price rebounded to around $10.25, up over 20% from its previous day's low of approximately $8. Full Article:...
Solana (SOL) Is Like Santa Claus: Some Still Believe in It, Mike Alfred Says Investor in stocks and Bitcoin Mike Alfred has tweeted to liken Solana's native token SOL to Santa Claus in that, while children believe in Santa, some adults still have faith in Solana and hope to see a rise of SOL in the future. Alfred sticks with Bitcoin, rejects SOL Crypto analyst Miles Deutscher stated that there is no such a thing as a "bad product," there is only a bad buy. He believes that once SOL reaches price at which it will become a buy with a +EV (EV=expected value), and at that moment it will not matter if a trader believes in it or does not. Alfred prefers to agree to differ. He said that he would stick with value equities and Bitcoin; "To each his own," he added. Since the start of November, the aforementioned SOL token (which used to be among those called "Ethereum killers") has been in free fall and lost more than 50% — the price dropped from the $36.88 level to the current $11.35 mark. Read more on U.Today https://u.today/solana-sol-is-like-santa-claus-some-still-believe-in-it-mike-alfred-says
Solana (SOL) Is Like Santa Claus: Some Still Believe in It, Mike Alfred Says Investor in stocks and Bitcoin Mike Alfred has tweeted to liken Solana's native token SOL to Santa Claus in that, while children believe in Santa, some adults still have faith in Solana and hope to see a rise of SOL in the future. Alfred sticks with Bitcoin, rejects SOL Crypto analyst Miles Deutscher stated that there is no such a thing as a "bad product," there is only a bad buy. He believes that once SOL reaches price at which it will become a buy with a +EV (EV=expected value), and at that mome...