The Solana price is 0.3% to $135 in the U.S. Trading session on Friday. The overhead selling pressure can be attributed to major SOL unstacking, delay in U.S-based SOL ETF, Security Vulnerabilities, etc. With the SOL price at risk of prolonged correction, other emerging currencies could attempt to dethrone Solana soon.
Is Solana Losing Its Edge? 5 Reasons It Could Be Dethroned Soon
The Solana price daily chart shows an aggressive correction from $162 to $132— an 18.7% decrease within three weeks. The bearish reversal signals the continuation of a six-month consolidation trend and the dominance of sellers to drive the current price movement. Here are five reasons SOL could lose its position as the 5th largest cryptocurrency.
Solana ETF Approval Faces Delays
Following the success of Bitcoin and Ethereum ETFs(Exchange-Traded Fund) in the U.S. market, the crypto participants expected Solana to be the next best candidate. However, the U.S. The Securities and Exchange Commission (SEC) ha
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