According to BlockBeats, despite Solana possessing unbeatable fundamentals and leading other blockchains in terms of users, transaction volume, and fees, it is suffering from "Flatlining," meaning its price has not reached new highs like other top tokens (its previous peak was $295).
Details:
Strong Fundamentals: According to the report, Solana holds a significant advantage in the depth and diversity of on-chain activity. It is ahead of Ethereum and others in the number of users, transaction volume, and fees. Its network is fast and cheap (the average transaction fee has only been $0.02).
Concern (Worry): Despite this strong performance, the price of \text{SOL} has not reached new highs like other major cryptocurrencies (\text{BTC}, \text{ETH}, \text{BNB}, \text{XRP}).
Possible Reasons: BlockBeats included the token's inflation mechanism, the shift of the Meme coin trend to other networks, liquidity issues, and a negative sentiment from large investors (whales) as possible reasons for this.
In Summary: Solana's technology and network activity are outstanding, but its market value is not rising rapidly despite this, which is the point BlockBeats has questioned.
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