SOL - Down 78% Is Solana a Buy?
This year has been brutal for Solana (CRYPTO: SOL), down 78% year to date, and the cryptocurrency industry as a whole. But despite the carnage, crypto projects continue to build and improve their ecosystems, setting them up for a possible rebound when market conditions improve.
Let's explore the pros and cons of Solana to see whether it deserves a closer look.
Solana is a blockchain platform designed to host decentralized applications (dApps) -- autonomous programs that use smart contracts to offer services on the network. It is among several blockchains known as potential " Ethereum killers" because of their superior speeds and scalability compared to Ethereum, the current market leader in these offerings.
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Down 78%, Is Solana a Buy?