One of the biggest phenomenol of 2021, Solana is now in a terrible place.
Predatory tokenomics, decreasing in TVL and activities, reduction in the number of quality dApps...
And now, the biggest backers of Solana , FTX and Alameda Research had gone rekt. It will become a dead chain, like Neo, Waves, Near, Avalanche, Terra....
Bounce back is easy when price hit $14-15$. Since its a deadcat bounce, we are not sure about the target. Maybe somewhere between $22-$26. But in the mid-long term future, $SOL must reach the low zone of $5-$8 to attract buyers and liquidity. Especially when new monolith blockchains such as Aptos and Sui are around the corner for the next bull run.
Good luck to $SOL holders
Predatory tokenomics, decreasing in TVL and activities, reduction in the number of quality dApps...
And now, the biggest backers of Solana , FTX and Alameda Research had gone rekt. It will become a dead chain, like Neo, Waves, Near, Avalanche, Terra....
Bounce back is easy when price hit $14-15$. Since its a deadcat bounce, we are not sure about the target. Maybe somewhere between $22-$26. But in the mid-long term future, $SOL must reach the low zone of $5-$8 to attract buyers and liquidity. Especially when new monolith blockchains such as Aptos and Sui are around the corner for the next bull run.
Good luck to $SOL holders
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