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Should You Buy Solana While It's Below $200?

TheMotleyFool 
0 0 16.05.24
Should You Buy Solana While It's Below $200?: https://g.foolcdn.com/editorial/images/777392/two-traders-looking-at-a-chart.jpg
 

Given their huge market caps and impressive historical performances, it makes sense that Bitcoin and Ethereum get most of the attention when investors look at the cryptocurrency industry. They are undoubtedly the two networks that people are most familiar with.

But there are under-the-radar digital coins, like Solana (CRYPTO: SOL), that can't be ignored. This innovative blockchain has seen its price skyrocket 1,340% since the start of 2023, a better run than the top-two cryptocurrencies I just mentioned.

As of this writing, Solana trades about 40% lower than its all-time high, which was set in November 2021. Does this mean you should buy this token while it's below $200? Let's take a closer look.

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Source Fool.com

Sol Stock

€32.95
0.310%
The Sol stock is trending slightly upwards today, with an increase of €0.10 (0.310%) compared to yesterday's price.

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