$ETH and $SOL
Long Tiger vs. Dragon - Part 5
Spring "Green" ..
Solana continuously reaches peaks; information and articles related to the keyword #sol flood the internet. It seems that all eyes are on this super unicorn. The color "Green" covers the price chart of
The water rises along with the weeds; projects built on this blockchain also benefit. Whatever Ethereum has, there is something similar on Solana. Solana is expected to replace Ethereum's position, hence projects on Solana are also expected to take over similar positions (especially DeFi and NFT projects)
Solana and its system are trending - A channel for investment that is the easiest to "cash in" at that time for both investors and project creators. Just invest and profit, every token, NFT... sells out. Buying and selling are vibrant, optimism is everywhere... The dream of becoming a Crypto millionaire no longer seems distant, then suddenly the color "Red" appears
Spring "green" passes, Winter "red" arrives
Since reaching its peak of 260 USD (Nov 2021), the price of $SOL plummeted to 9.3 USD (Dec 2022). This means a 96% drop in value after a year, causing the blood pressure of many investors to fluctuate... Is Solana a scam? Does Solana's system have issues? Or did the founder team say something inappropriate?... No! Solana's system is not facing any major issues. A few instances of transaction halts or some projects built on Solana being attacked by DDoS hackers are common in this Crypto market, so that can't be the reason. If we talk about the cause, we must mention the event concerning the founder of the FTX exchange - Sam Bankman-Fried..
NFT by artist @Fu5nu depicting the event Sol - SOL2122