🚀 Solana's (SOL) token took a wild ride, dropping 23% to a 5-week low of $78.60 before rebounding 10% in less than 24 hours! 🎢 Was this recovery fueled by solid fundamentals or just a fluke? 🤔
Recent Solana network upgrades like 'token extensions' and the upcoming Firedancer validator client by Jump Crypto could be boosting confidence. Plus, SOL's total value locked (TVL) is nearing a 3-month high, despite its price decline. 📈
But wait, there's more! 🤯 SOL's demand is also driven by a frenzy for airdrops and the new token extensions. While it's uncertain if this momentum will last, Solana's DApp activity shows promise for a path back to $90 and beyond. 💪
What do you think? Can SOL make a strong comeback? Share your thoughts in the comments! 💬👇