Strong negative drivers have been present in Solana’s price movement this week.
The price is down by a whopping 35.33% in the last 30 days amid the ongoing decline.
Notoriety in high-profile rug-pull scam is a big factor in Solana’s poor price performance. Libra (LIBRA) project associated with prominent authorities, have been linked to a Solana wallet, according to reports.
These projects reportedly fooled investors into thinking they were making a ton of money, but then they vanished, leaving investors high and dry. In the midst of the LIBRA memecoin issue, the price of Solana fell 5% on Friday after failing to break over the $180 barrier mark. The SOL price might fall much lower as a result of the falling network activity recorded, worsening the situation.
Bears in Control
Last week, a brief optimistic sentiment over the possibility of cryptocurrency ETF approvals helped propel Solana (SOL) recover little. After a 9% spike, the price of SOL encountered strong resi
We współpracy z: https://thenewscrypto.com/solana-price-struggle-continues-amid-ongoing-bear-dominance/
