Quote from: MCobian on Today at 11:59:41 AM

Quote from: marcous on Today at 11:01:30 AM

Quote from: thesosorr on Today at 09:50:24 AM

and now the price of Solana continues to decline. Within 7 days, Solana had dropped 10%. Even though Solana has been in a price slump this week, I am amazed at the performance that Solana Koin has shown. Not in a matter of years, but in a few months it can experience a tremendous increase. I think buying Solana in the midst of the current declining price conditions is very good.

Not only Solana is experiencing a decline now, you can see all the coins on any exchange right now, all of which are experiencing a decline, some have even gone up to 15%, I believe this is because of the decline in Bitcoin which had exceeded 6% today.

The price of Bitcoin is still continuing to fall today, even now Bitcoin has fallen 7.8% in 24 hours. It makes perfect sense to affect Solana's price to be
even lower, now Solana is down 12% in 24 hours. With the price drop quite far, it's the right time to start buying Solana now. But it's better to buy
Solana gradually, because there is a possibility that Solana's price will still go down if we see the Bitcoin price has not recovered.

If the dump will continue going down to $40k and below, then we might witness a huge dump of SOL also. I would not expect that SOL will have a bullish movement while bitcoin continues to dump, so let's see at what price bitcoin will stop.

As per the weekly graph, https://coinmarketcap.com/currencies/solana/. SOL's lowest price was $131, so I guess it's wiser if we will wait until it will drop a bit or probably wait until it dumps below $100 as when bitcoin bounces back, for sure altcoins will have a bigger bounce.