Why is Solana holding up so much better vs BTC and ETH?
Why is Solana holding up so much better vs BTC and ETH?
I’ve noticed the last few weeks Solana is stronger then btc and eth. Even today with that mini crash, SOL was only down 3-5% compared to btc and eth being down 8-10%. It’s even apparent comparing the btc parings of SOL and eth, one is in an uptrend and the other is in a downtrend.
Can anyone give me some fundamental reasons why it’s been so strong? Are there a lot of new projects being built on SOL or what is it?
Ruban Lovelace Answered question August 6, 2024
Solana’s strength might be due to its growing number of projects and strong network fundamentals. It’s one of the reason why I invest in it through Net coins crypto exchange
Ruban Lovelace Answered question August 6, 2024
Rumor on Twitter, $110 is line in the sand for several VC companies. As the other guy pointed out it has dropped nearly 30%.
Samuel Goldenberg Answered question August 6, 2024