Post
Topic
Board Altcoin Discussion
Re: Can Solana rise again?
by
erk
on 28/11/2022, 01:47:04 UTC
The FTX issue has affected Solana real bad but I'm sure that things will still get better for it especially when the market goes into its recovery phase. Solana has built a good foundation already so it wouldn't crash continuously that easily. There will be investors who will doubt and would feel hesitant but I'm sure that it still has a huge potential to rise again. We only have to wait until the market recovers.

FTX dumped a lot of SOL which helped drag the price down.
That dump should be finished by no, and margin calls should have stabilized.

I don't believe there is anything fundamentally wrong with SOL and it's network, therefore it should crawl back up once this "dump everything flight to USD" cycle is finally over.