Solana dropping today, but is it temporary? Should you buy Solana now? Read to find out
Solana dropped just below $180 today and has lost around 4% in the last 24 hours. Still, we couldn’t argue the year 2021 hasn’t been great for Solana holders. Solana was trading for only around $1.50 on January 1, 2021. By the middle of August, it had reached $75. It was the best performing coin with its market cap increasing from $75 million to $21 billion. This short article explains what Solana is, is it worth investing in, and the top places to buy Solana today.
Top places to buy Solana now
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What is Solana?
Solana is the fastest blockchain in the world and the fastest growing ecosystem in crypto, with over 400 projects spanning DeFi, NFTs, Web3 and more. Solana ensures composability between ecosystem projects by maintaining a single global state as the network scales. You don’t deal with fragmented Layer 2 systems or sharded chains. It is not only really fast, but also low cost and censorship resistant. This means it will remain open for applications to run freely and transactions will never stop.
Should I buy Solana today?
Solana is expected to keep doing well next year. Read as many price predictions and analyses of the technical aspects as you can and take all investment advice with a grain of salt.
Solana price prediction
Crowd Wisdom forecasts that the price of Solana will remain in the range of $178 – $182 over the next few hours. Their overall recommendation for this time frame is Buy because three of the five momentum indicators are positive and none are negative. Coin Price Forecast predicts that the price of Solana will hit $300 by the end of 2022 and then $500 by the middle of 2024. Solana will rise to $1,000 in 2030.
Solana on social media
#Solana Wake up ppl, SpiderVerse is the new meta #nftsolana pic.twitter.com/YItkuGTiZL
— SpiderVerse NFT | 888 Spiderman at 0.2 SOL (@SpiderVerse_NFT) December 22, 2021