$SOL Solana (SOL): From Breakout Star to Challenging Times 🔄
Solana (SOL) emerged as one of 2021’s top-performing cryptocurrencies, skyrocketing from 120th place to 5th in market capitalization—overtaking major players like Cardano (ADA) and Polkadot (DOT) along the way.
As a smart contract platform, Solana is often seen as a potential rival to Ethereum (ETH), thanks to its blazing-fast speeds and ultra-low transaction costs, which are just a fraction of Ethereum’s.
#BinanceTurns8
🗓️ However, 2022 brought new challenges. Solana’s price has dropped roughly 17% since the start of the year and around 45% from its November peak.
Let’s dive into the key factors behind this decline—and what it could mean for investors moving forward.⁉️
