Solana Is Crashing: Is Now the Time to Invest?
Solana (CRYPTO: SOL) is one of the most recent cryptocurrencies to experience explosive growth, with its price increasing by nearly 10,000% over the past year. It's also been dubbed by some as an "Ethereum killer" because it shares many similarities with its larger competitor, but it's also significantly faster than Ethereum.
It's been a rough couple of weeks for Solana, however, as its price has tumbled. It's currently down nearly 40% since its peak in November, and it's faced multiple challenges recently that could cause its price to dip even lower.
For long-term investors, though, downturns can be a fantastic buying opportunity. By buying when prices are lower, you could snag a great investment for a discount. Does that mean now is the time to invest in Solana? Here's what you need to know.
Source Fool.com
