Why Solana Is Falling in Price: Competition, Glitches, and Macroeconomics
Solana (SOL) is currently trading at $188.78, reflecting a recent decline. The main reasons for the price drop include increased competition from other blockchains such as Ethereum and Cardano, which is putting pressure on the Solana ecosystem. In addition, technical glitches on the network in the past are eroding investor confidence. Macroeconomic factors and regulatory risks are also contributing to the decline in SOL’s price.