The recent collapse of the FTX platform, which was once among the most well-liked exchanges in the world, was a major blow. This fiasco also led to a more than 57% decline in Solana’s (SOL) price.
When investigators discovered financial connections between Solana, FTX, as well as Alameda Research, one of the main causes for this became clear. On FTX, Solana presently owns $1 million in locked cash or comparable assets. Investors in Solana have been driven into a froth as a result and are looking for alternate investments. If SOL rises to $15 by Christmas, it will be a little over $14 now.
Long-term negative pressure on the price of Solana has only grown stronger recently. As the bears growl and the bulls remain mute, there are fewer possibilities for a comeback. It appears that Solana will top out in 2024 at $84.27.
SOL Is Just Below $14; Will … Read more