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Solana Dropped 90% Last Year, But Has Kicked Off 2023 With a Bang. Is This Bull Rally Real?

TheMotleyFool

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Solana Dropped 90% Last Year, But Has Kicked Off 2023 With a Bang. Is This Bull Rally Real?: https://g.foolcdn.com/editorial/images/715451/shiba-inu-dog-bonk.jpeg

Solana (CRYPTO: SOL) was one of the hottest cryptos of 2021, rising from relative obscurity at the beginning of the year to establishing itself as a blue chip cryptocurrency as it climbed from near $1.50 at the start of the year to over $200 by November of 2021.

In 2022, much of the enthusiasm wore off, and Solana fell more than 90% for the year, shedding tens of billions of dollars in market cap in the process.

But a funny thing happened as the year ended and the calendar flipped to 2023. Rather than fading away into further obscurity, Solana began the year with a furious and unexpected rally.

Source Fool.com

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