Should You Buy the Solana Dip Right Now?
With the price of Solana (CRYPTO: SOL) down by 36% in the last 30 days alone and the blockchain rocked by several high-profile scandals and outright scams, investors are wondering whether there's a juicy opportunity to buy the dip here -- or whether the digital coin's glory days are firmly in the past.There's a correct move to make here, so let's analyze the situation and chart a course for your portfolio.Generally speaking, when an asset experiences a deep decline in its price, investors need to figure out why. Then, with those reasons in hand, they must compare their original investment thesis for buying the asset and determine whether that thesis is still valid in light of the new events that drove the decline.Continue reading
With the price of Solana (CRYPTO: SOL) down by 36% in the last 30 days alone and the blockchain rocked by several high-profile scandals and outright scams, investors are wondering whether there's a juicy opportunity to buy the dip here -- or whether the digital coin's glory days are firmly in the past.
There's a correct move to make here, so let's analyze the situation and chart a course for your portfolio.
Generally speaking, when an asset experiences a deep decline in its price, investors need to figure out why. Then, with those reasons in hand, they must compare their original investment thesis for buying the asset and determine whether that thesis is still valid in light of the new events that drove the decline.
