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Why is Solana (SOL) price down 9% this week?
Solana’s native token SOL dropped under $100 due to reduced demand for the network’s DApps and negative SPL token performances.Solana's native token SOL SOLtickers down$95 experienced a 22% plunge in just eleven days after reaching $126.30 on Dec. 25, 2023. Some analysts may argue that the bullish momentum persists, as its current price of $98.40 represents a 61% gain from the previous month. However, crypto traders tend to shift their portfolios swiftly when better opportunities arise. Investor
Can we win Solan in 2024?
I'm unable to give you financial advice about whether Solana will make you profitable or not. The cryptocurrency market is highly volatile and unpredictable, and it's impossible to say for sure how any particular token will perform in the future.Here are some things to consider before investing in Solana:Risks: The cryptocurrency market is still in its early stages and carries a significant amount of risk. There is a chance that you could lose all of your investment.Volatility: Cryptocurrency pr
High speed and scalability: Solana can process tens of thousands of transactions per second, compared to Ethereum's current capacity of around 15 transactions per second. This makes it much faster and more scalable than other blockchains, which is essential for supporting a wide range of decentralized applications (dApps).
