Solana is a project in the crypto space that has been doing great, and the blockchain network has received a lot of attention and adoption from the crypto community, which caused the coin's price to skyrocket sometime last year. This year, because of the overall market sentiment, the things behind this project are not really cool, and the price is also down; however, I don't think that the current price is A problem as long as people are OK to invest for the long term.
This coin and blockchain network has been trending and this is the same coin which was available for a price range of 300 US dollars for some time But now it is available for $75 which means the price has gone down by 75% But the project has the potential and it will grow for sure which is just a matter of time and I don't know how much time it will take but I'm quite optimistic about it.
I have some holdings for this coin, and obviously, that was purchased when the price was much more than what it is now in the market. I'm not going to sell anything because I believe that it is not at all the right time to do that; rather, I will continue to hold and wait till the time my investment is significantly profitable.
The downtrend is clearly visible if we go by the price chart; this situation is not going to be the same forever, and that is why I believe that the project is strong enough. The community is strong, so sooner or later we are going to see a fantastic appreciation coming to the coin price. It is just a matter of time, so let's wait and see the market take a flip side when things are going to be more valuable.
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248.394 SRY