Solana (SOL), which is one of the prominent digital currencies in the crypto market, has witnessed notable fluctuations in its performance over the past period. Last year, Solana experienced severe declines, during which it lost more than 90% of its value⁴. However, in recent months, the currency has begun to regain some of its market strength, showing an 8.9% rise over the last week.
This increase is due to several factors, including improvements in network infrastructure and increased interest by investors in promising blockchain technologies. Despite the challenges it faced previously, Solana appears to be moving towards regaining its position as one of the major cryptocurrencies in the market.
Looking to the future, many analysts expect Solana to continue its upward trajectory, with the potential to reach new highs⁵. However, investors should pay attention to market fluctuations and conduct the necessary research before investing in this digital currency.