Should You Buy Solana While It's Below $20?
This year has been especially difficult for cryptocurrencies, as the market for digital assets has lost more than $1 trillion in value since the start of 2022. That's even worse than the S&P 500, which is down 21% this year.
Thanks to the Federal Reserve's policy of aggressively hiking interest rates with the intention of fighting inflation, investors just aren't as enthusiastic about owning high-flying cryptos as they were throughout 2021. A weakening economy spurs a move toward safer financial assets.
But a down market means that astute investors can find some good investment opportunities in digital assets, what with prices down so much in 2022. One such crypto, Solana (CRYPTO: SOL), looks particularly attractive right now. With its price down a whopping 86% this year and at about $14 per token, is now a good time to buy SOL?
Source Fool.com
