I was looking for some coins to buy in the market,and I discovered that Solana price is too low for me to use huge amount of money to buy and hold like the way I have used my salary to purchased Bitcoin last month. Solana price has decreased to $19 few days ago that made me to ask if the price will increase to $40 this year, do you believe Solana investors will experience $40 or more than $40 this year? I have seen many massive moved of other coins price that made me to feel the same with Solana price because am very ready to invest in Solana, if I can get positive answers from this topic.
$40 is just 1x which is very poor if you consider how many percentage you can get from other projects that are not been cancelled like Solana. FTX exchange that collapsed is the major reason Solana is dying.
The exchange was a big investors in Solana and since that exchange is no longer exiting then investors are worried Solana won't give much profit anymore and are avoiding investing in Solana so you should do the same too.
Solana blockchain is also having breakdown which could be as a result of developers abandoning the blockchain to other better ones therefore making Solana lose developers that would had helped keep the blockchain running.