🐳 Why is SOL able to maintain price gains and increases despite BTC and the market going down or moving sideways. I will answer the main reason before posting an official article with specific analysis.
👉 The SOL ecosystem is an ecosystem that investors pay attention to because of its price retention and very positive general sentiment.
👉 Solana benefits greatly from the increase in transactions, specifically in MEME, the number continues to increase as memes really help them make money and bring profits. Outstanding examples are: WIF - BONK - BOME - MEW
👉 In addition, CoinGecko's report emphasizes that Solana is the fastest blockchain in the world, it is 46 times faster than etherreum while using only 1% of the capacity.
👉 Combining increased transaction volume, strong defi activities and prioritizing network upgrades, do you know why Solana has kept its price and increased sharply?
👉 Sol can increase in price even higher, if BTC continues to move sideways and recover.
This article is for reference, I will write a more detailed analysis of the direction. What do you think about Sol? Leave your thoughts and discuss with us.