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Solana: Buy the Dip

TheMotleyFool

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Decentralized app (dApps) hub Solana (CRYPTO: SOL) and its coins have witnessed stellar gains -- up a stunning 9,500% since the beginning of the year. SOL is now the world's seventh-largest cryptocurrency, with a market cap of $43.9 billion. But up until recently, the Solana network had little fundamental value. Investors were euphoric about its technological advantage over networks such as Ethereum (CRYPTO: ETH) as a fast and scalable blockchain that can execute smart contracts.

With its coins down over 20% from all-time highs, now's not the time to follow the crowd but to be a contrarian and buy the dip. Let's find out why.

Image source: Getty Images.

Source Fool.com

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