Amid the overall decline in the blockchain market, Solana, known for its fast and low-cost transactions, fell to a 45-day low. This has caused concern among the crypto community, with some market participants questioning the asset's short-term prospects.
According to the latest trading data cited by the expert, blockchain has declined sharply, indicating a serious decline in investor confidence in the cryptocurrency industry as a whole.
The platform noted that Solana fell to a 45-day low, down an additional 24% since June 7, underperforming the larger cryptocurrency market. Data shared by the platform shows that the Solana network has lagged significantly behind major networks such as Ethereum, Arbitrum, BNB Chain, Polygon and Optimism, among others.
Solana, one of the leading blockchain platforms, faces a decline
Amid the overall decline in the blockchain market, Solana, known for its fast and low-cost transactions, fell to a 45-day low. This has caused concern among the crypto community, with some market participants questioning the asset's short-term prospects.
In the near future we will publish long-term forecasts for top altcoins that have the potential for multiple growth! You can subscribe to the blog so you don't miss any reviews!
#SOL $SOL #binance