The Rise of Solana
In contrast, Solana presents an inspiring model of resilience in tough times. The network described as the 'Ethereum killer' proves daily its ability to attract developers and investors, recording increased activity despite the commercial storm. This performance recalls its historic leap of 900% last year, raising the question: Are we witnessing the beginning of a new ascent?
Meme Coins.. The Loud Crash
The most concerning scene is represented by the catastrophic collapse of meme coins. From Dogecoin to Shiba Inu, these assets are losing between 40% to 80% of their value, indicating a clear shift in the market away from speculative assets in light of the gloomy economic climate.
This does not include Trump Coin, which has seen an unprecedented rise of 83.74% in a week, as well as a 45% increase over the month.
Bitcoin.. The Stronghold of Smart Money
Amidst this storm, Bitcoin stands out as the option for smart money. The first digital currency proves once again to be the safe haven in times of storms, maintaining relative resilience against sharp fluctuations. Bitcoin's long history in facing crises makes it the optimal choice for hedging against the risks of potential economic slowdown.