SOL - 3 Reasons to Buy Solana While It's Under $200
2024-06-07 08:30:00 ET
Solana (CRYPTO: SOL) has taken investors on a wild ride since its first block was created on March 16, 2020. The cryptocurrency launched at $0.95 and soared to an all-time high of $260.06 on Nov. 6, 2021, but now trades at about $165.
At first, Solana's blockchain attracted a lot of attention from developers as a faster alternative to Ethereum (CRYPTO: ETH) . But Solana subsequently suffered a series of network congestion and security failures, and the failed cryptocurrency exchange FTX -- one of its biggest investors -- hastily liquidated its holdings to raise more cash to pay off its creditors. As it suffered those setbacks, rising interest rates broadly crushed the cryptocurrency market.
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3 Reasons to Buy Solana While It's Under $200