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Solana Is Down 85%. Is Now the Time to Buy the Dip?

TheMotleyFool

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Solana Is Down 85%. Is Now the Time to Buy the Dip?: https://g.foolcdn.com/editorial/images/697814/person-sitting-at-a-desk-looking-at-a-laptop.jpg

It's been a difficult year for Wall Street, and the crypto market has been hit especially hard. Many major cryptocurrencies have seen their prices drop by 50% or more so far this year, and it can be tough for some investors to stay optimistic.

Solana (CRYPTO: SOL) has had a particularly rough stretch. While some cryptocurrencies such as Ethereum (CRYPTO: ETH) have started to rebound in recent weeks, Solana is still down around 85% from its peak in November.

While that may not seem like good news on the surface, investing now means buying at a steep discount. Is it really the best time to invest in Solana, though? Here's what you need to know.

Source Fool.com

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