Should You Buy Solana While It's Under $275?

Crypto season is alive and well. The sector lifted off after Donald Trump won the election in early November, promising a much friendlier regulatory environment than under President Joe Biden's administration. Rising Treasury yields led investors to take a breather to start the year but recent positive inflation data has helped lead to a recovery with investors now preparing for Trump's first days in office, which will have big ramifications for the entire crypto sector including Solana (CRYPTO: SOL). Should you buy the world's fifth-largest cryptocurrency while it trades for less than $275?

Since the election, other cryptocurrencies like XRP and Dogecoin have wildly outperformed Solana. Dogecoin always seems to have the hype, while the founders of Ripple, the company behind XRP, met with Trump shortly after his election win, stoking excitement. XRP also has several potential catalysts on the horizon.