Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.
Thanks for your responses.
In 2021, the Solana coin reached a price high of $259.96. After its value began to decline, and the SOL token turned out to be in a bearish trend, in which, like other cryptocurrencies (including BTC and ETH), it remains to this day. According to the aggregator CoinGecko, the price of Solana has already lost 91% from the maximum reached in November 2021 by today. I would recommend storing bitcoin, it is more reliable.