SOL - Don't Believe the Haters. Here's Why Solana Is Still a Buy.
At a time when Solana (CRYPTO: SOL) is trading nearly 90% below its all-time high, investors are getting increasingly concerned about the long-term outlook for this former high-flying cryptocurrency. Despite an impressive list of new product announcements -- including Solana Pay and Solana Mobile earlier this year -- not much has helped to boost the price of Solana in recent months.
It's also getting harder for Solana investors to ignore concerns about network outages and disruptions. In fact, according to the latest social media sentiment survey, Solana posted its most negative sentiment in months. Is it time to give up on this crypto, or will the sun eventually come out for Solana?
Network disruptions, of course, are no fun for anyone. In a world in which we've grown accustomed to to 24/7 connectivity, the loss of connection, even for a few minutes, can be cause for frustration. Just think of what happens if the internet goes down, if a website won't load, or if your cellphone network keeps dropping calls. It's the same thing with blockchain networks, and Solana has had multiple outages this year . One in January lasted 18 hours, and that was followed up by shorter outages in June and again earlier this month. Solana, as might be expected, claims these outages are just due to human error and software bugs and not to malicious, third-party attacks.
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Don't Believe the Haters. Here's Why Solana Is Still a Buy.