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Should You Buy Solana While It's Below $150?

TheMotleyFool 
0 0 18.04.24
Should You Buy Solana While It's Below $150?: https://g.foolcdn.com/editorial/images/773314/cryptocurrency-confusion.jpg
 

The Solana (CRYPTO: SOL) cryptocurrency reached multiyear highs in March 2024. But after popping above the $200 mark a couple of times, the smart contracts platform dropped back below $150 due to a fresh round of inflation-fighting economy concerns.

Solana is currently trading at roughly $134 per digital coin. Should crypto investors treat this price dip as a buying opportunity or back away from Solana in the spring of 2024?

Think of Solana as that friend who was always hanging out with the popular kid in school. That popular kid was FTX, a big-deal crypto exchange run by the slightly eccentric but seemingly brilliant Sam Bankman-Fried. FTX loved Solana, promoted it a lot, and they seemed unstoppable together.

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Source Fool.com

Sol Stock

€33.60
0.300%
The Sol stock is trending slightly upwards today, with an increase of €0.10 (0.300%) compared to yesterday's price.

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