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3 Reasons to Buy Solana While It's Under $200

TheMotleyFool 
0 0 07.06.24
3 Reasons to Buy Solana While It's Under $200: https://g.foolcdn.com/editorial/images/779279/blockchain-cryptocurrency-data.jpg
 

Solana (CRYPTO: SOL) has taken investors on a wild ride since its first block was created on March 16, 2020. The cryptocurrency launched at $0.95 and soared to an all-time high of $260.06 on Nov. 6, 2021, but now trades at about $165.

At first, Solana's blockchain attracted a lot of attention from developers as a faster alternative to Ethereum (CRYPTO: ETH). But Solana subsequently suffered a series of network congestion and security failures, and the failed cryptocurrency exchange FTX -- one of its biggest investors -- hastily liquidated its holdings to raise more cash to pay off its creditors. As it suffered those setbacks, rising interest rates broadly crushed the cryptocurrency market.

Image source: Getty Images.

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Source Fool.com

Sol Stock

€33.20
-5.790%
Sol took a tumble today and lost -€2.050 (-5.790%).

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