SOL - Don't Buy a Single Dollar of Solana Until Doing These 3 Things
2024-05-13 06:40:00 ET
Solana (CRYPTO: SOL) is one of the most exciting cryptocurrencies this year, not least because the chain is the de facto home of meme coin investing. But that doesn't mean every investor is ready to dive into making a purchase of the coin, even if they're already holding somewhat less thrilling but more established options like Bitcoin or Ethereum .
Jumping in before you've covered the essentials is a surefire way to jeopardize the value of your portfolio. Let's go over three easy things you should do before investing in Solana to make sure that you're moving forward in a responsible fashion.
Solana is a relatively new cryptocurrency, having launched in 2020. At the moment it looks like it'll continue to gain traction and enough adoption to remain relevant. But if it fails to do that, you don't want your entire portfolio going down in flames, so you'll need to diversify .
For further details see:
Don't Buy a Single Dollar of Solana Until Doing These 3 Things