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 toSOL 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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