Solana faces a 17% price drop, reflecting potential challenges ahead. However, market-wide factors and upcoming developments could influence its trajectory in the mid-to-long term.
Cheng YuanThe crypto market faces challenges with prominent losses led by Solana and Cardano. Market speculation surrounds meme coins Dogecoin and Floki, driven by adoption hopes and increased trading volumes. Additionally, Terraform Labs, the developer of the failed TerraUSD, has filed for bankruptcy, navigating legal proceedings amidst significant financial uncertainties.
BerniceBONK experiences a 12% dip amid Solana's retracement. Analysts caution of a potential slow bleed, emphasizing the impact of profit-taking on Solana and its ecosystem tokens. While BONK remains the third-largest by market cap, emerging contenders like CorgiAI pose a threat. Despite recent surges, BONK has lost over half its value since its all-time high in December. Analyst Nebraskagooner warns of ongoing uncertainty, urging vigilance among investors.
BerniceCrypto market, Bitget Research Institute: Inscription market rebounded sharply after correction, Solana Meme trading is hot Golden Finance, today’s hot projects
JinseFinanceSolana (SOL) and Polygon (MATIC) have become leading blockchain protocols – the former as a layer 1 smart contract protocol ...
BitcoinistThe $3.5 million flash loan attack Solana-based Nirvana Finance saw the price of its stablecoin NIRV and native token ANA fall around 85% apiece.
CointelegraphSOL price is 87% down from its all-time high, but do improving fundamentals strengthen its investment thesis?
CointelegraphNetwork outages and decreasing smart contract reserves add further downside pressure to SOL price.
CointelegraphSOL price can preserve the bullish bias, however, as its two multi-month support levels converge for the first time.
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