Solana Price dropping to single digits has sent its community to introspect the situation. Recent comments from Ethereum Co Founder, Vitalik Buterin have provided them some hope. However, the biggest question here remains ‘Can Solana make comeback from this crisis?’
Is Solana price to take a hit ahead?
Experts suggest that the Solana community is holding similar energy to the Ethereum had in the 2018-20 time period. However, it is difficult to see the investment case for Solana as it had some massive headwinds.
David Hoffman, co founder of Bankless stated that when Ethereum price dipped to $80, it didn’t have a big competitor then. However, ETH’s L2 metrics are up big throughout 2022. While its impact can be seen in the migration of L1 apps to ETH L2s.
Compared to the Solana price crash, Ethereum wasn’t directly connected with the largest fraud since Madoff. However, FTX and Alameda research collapse had a direct impact on the SOL price performance.
He suggested that Solana n
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