So now the 45th POTUS has launched his digital asset called #TRUMP available on the Solana network. What happened to decentralisation and non government interference in Blockchain technology and cryptocurrency? I mean the essence of decentralization in cryptocurrency revolves around the removal of a central authority or intermediary (like banks or governments) from the control and management of currency and transactions. What will happen to $SOL
Here's my overview.
Recent Trend: Solana is known for its fast and low-cost transactions but is subject to network outages, which can affect sentiment. It's also a favorite for DeFi.
48-hour outlook: If there has been recent network congestion or issues like the current Trump NFT, expect temporary dips. If DeFi demand increases, Solana could surge.
Trade advice: Solana’s price tends to rise when the network is stable. Consider a long position in the event of strong demand. A short-term short position could be considered if the network is under pressure.
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SOL Surge Above $300
50%
SOL Dip Below $150
50%
SOL Neut Above $200 Below $250
0%
2 votes • Voting closed