Solana is a valuable ecosystem in the crypto space, and this blockchain network has its own coin, which is also called solana, with its ticker symbol SOL. This coin price is down at this time. Any project that is strong enough can survive, but it is very difficult for any project to stay strong when the market sentiments are in a downtrend, and the same is happening with Solana coin this time.
In the past, we have seen a significant growth in this coin, which is nice, but now it looks like these coins are affected by the market sentiment, and this is not good at the moment because the entire market for altcoins is down. However, Bitcoin looks good and pretty much stable in its price range.
Even a few months back, we saw the Solana price at about 200 US dollars, and it was there for a long time, but because the market turbulence happened, and that is what has brought the prices down S I am sure that things will improve, and once it improves, we will see more value coming up to the Solana coin.
This is where I always say that long-term investing pays off because we know that we have the power to hold, which goes in our favour, so if something is not going the way we expect it, it's fine because we have the holding power and we can hold it for a long time, so we will book profit only when it is profitable.
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