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Is It Too Late to Buy Solana?

TheMotleyFool 
0 0 24.02.24
Is It Too Late to Buy Solana?: https://g.foolcdn.com/editorial/images/765985/currency-and-crypto-digitization.jpg
 

The crypto ecosystem has gone through several dramatic changes in the past few years. In 2020 and 2021, the industry was driven by hype and speculation only to crash in 2022 and early 2023. There was no better example of this hype cycle than Solana (CRYPTO: SOL).

It peaked at more than $250 per token and dropped below $10 per coin after the collapse of FTX. But this continues to be one of the lowest-cost and highest-throughput blockchains in the crypto ecosystem, and if you think the innovation and disruption of crypto is from utility and not just speculation, this is still a cryptocurrency to hold long term.

Image source: Getty Images.

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Source Fool.com

Sol Stock

€34.65
-0.710%
Sol shows a slight decrease today, losing -€0.250 (-0.710%) compared to yesterday.

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