Abandoned by developers, investors, traders and believers: $SOL trying to survive after 96% crash
supporters and developers, it is not clear where the project is heading as the network's underlying cryptocurrency lost an enormous 96% from the ATH, practically making the assets worthless and bringing losses to investors that they will not be able to recover.Considering the lack of happenings around the project itself, it is difficult to justify the existing price performance with any news in the space about Solana. We are left with nothing but technical analysis in the case of Solana.
Obviously, the asset is moving in a prolonged downtrend, while breaking every support level possible. Recently, SOL has entered a short-term uptrend, which has been more of a correction of a downtrend rather than an attempt to reverse. But even with short-term upward movement, bulls might be able to push assets further up. Unfortunately, this was not the case for Solana.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SHIB Flips SOL by Market Cap, Solana Projects Likely to Move to Ethereum: Crypto Expert$SHIB surpasses $SOL by market cap as things keep getting worse for Solana. IvanOnTech Bitboy_Crypto
Read more »
Solana Suffers Major Setback as Development Activity Plunges, SOL Dumps HardSBF and FTX 'had a heavy hand in Solana thriving the way it did' throughout last year's market-wide bull run, according to Santiment.
Read more »
Solana DeFi Project Mercurial to Relaunch as 'Meteora,' Replace MER TokenSolana DeFi app Mercurial will adopt a new name and a new token under the banner of Meteora. realDannyNelson reports
Read more »
Cryptocurrency Solana tumbles 94% this yearSolana, a popular cryptocurrency, has dropped 94% this year.
Read more »
Why Solana Was Decimated by Bankman-Fried’s DownfallIn a best case scenario, Solana’s remaining builders face a long road back to ecosystem health, trust and relevance following the collapse of the network's most prominent backer, Sam Bankman-Fried, CoinDesk's DavidZMorris writes. Opinion.
Read more »
Solana crypto token loses most of its value in 2022, FTX collapse weighsThe price of Solana, a cryptocurrency token that had been lauded by FTX founder Sam Bankman-Fried, fell 10.36% on Wednesday, and is down 94.2% so far in 2022.
Read more »