BTC - Up 65% Over the Past Month Is This Super-Hot Crypto Worth Putting In Your Portfolio?
2023-10-28 05:45:00 ET
Solana (CRYPTO: SOL) is arguably the hottest crypto on the planet right now, even hotter than Bitcoin (CRYPTO: BTC) . Over the past 30 days, Solana is up a scorching 65%, and for the year, Solana is up an even more sizzling 220%.
Clearly, all signals are now flashing green for investors, and it might seem illogical to argue that such a super-hot crypto is not worth adding to your portfolio. But just remember -- last year, Solana sank by more than 90%. So even with its stellar performance thus far in 2023, Solana still sits 88% below its all-time high of $260 from just two years ago. If you are thinking about investing in Solana, here are three questions to ask yourself.
One of the biggest factors affecting Solana's meteoric rise this year has been a change in market sentiment . Simply stated, investors are starting to view Solana more positively, and this improving sentiment in the crypto market is sending Solana higher.
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Up 65% Over the Past Month, Is This Super-Hot Crypto Worth Putting In Your Portfolio?