Got $3,000? Here Are 3 Reasons to Buy Solana While It's Cheaper Than Before
Solana's (CRYPTO: SOL) current price near $178 is down 21% over the last three months, making it significantly cheaper than before. This looks like a lucrative opportunity for investors who are willing to take a risk and buy the dip. Even if you're only investing a moderate amount of money, say $3,000, there are still three solid reasons why it's worth buying this coin right now instead of one of the many alternatives.Here are the three reasons why Solana is a buy instead of a sell at the moment. Just be aware that these drivers probably won't be in play forever.Investors of scarce commodities sometimes fear the prospect of new supply coming onto the market. That makes sense, as the fair market value of an asset is inextricably linked to the amount of that asset in circulation. With enough additional supply that gets distributed quickly enough, a major price shock could occur.Continue reading
Solana's (CRYPTO: SOL) current price near $178 is down 21% over the last three months, making it significantly cheaper than before. This looks like a lucrative opportunity for investors who are willing to take a risk and buy the dip. Even if you're only investing a moderate amount of money, say $3,000, there are still three solid reasons why it's worth buying this coin right now instead of one of the many alternatives.
Here are the three reasons why Solana is a buy instead of a sell at the moment. Just be aware that these drivers probably won't be in play forever.
Investors of scarce commodities sometimes fear the prospect of new supply coming onto the market. That makes sense, as the fair market value of an asset is inextricably linked to the amount of that asset in circulation. With enough additional supply that gets distributed quickly enough, a major price shock could occur.
