What's Next for Solana: $115, or $250?
With Solana's (CRYPTO: SOL) price limping around the $136 mark after a stunning collapse of 44% over the last three months, even the coin's longtime investors are shaken. And, with downside catalysts looming in the next few weeks, many investors are feeling especially gloomy about the next few quarters.But it turns out that there's also an argument for why Solana could go to $250 or higher, rather than seeing $115 or lower. Let's examine both arguments here and put them into the context of the coin's long-term potential rather than its short-term price performance.The biggest argument that most investors will bring to bear regarding why Solana is going to continue to drop in value is that sentiment is poor.Continue reading
With Solana's (CRYPTO: SOL) price limping around the $136 mark after a stunning collapse of 44% over the last three months, even the coin's longtime investors are shaken. And, with downside catalysts looming in the next few weeks, many investors are feeling especially gloomy about the next few quarters.
But it turns out that there's also an argument for why Solana could go to $250 or higher, rather than seeing $115 or lower. Let's examine both arguments here and put them into the context of the coin's long-term potential rather than its short-term price performance.
The biggest argument that most investors will bring to bear regarding why Solana is going to continue to drop in value is that sentiment is poor.
