๐ The argument against Solana is clear: it has historically suffered brutal drops.
The numbers you mention are essentially real:
* ๐ From around $260 to less than $10 during the 2022 bear market.
* ๐ A very deep correction from its recent cycle highs.
And that shows something important:
๐ SOL is a highly volatile asset.
โธป
๐ง Does it have a stronger "floor" now?
Bulls would say yes, because today Solana has things it didn't have in 2022:
* More on-chain activity.
* More stablecoins.
* More DeFi applications.
* Greater institutional participation.
* A more mature developer ecosystem.
In other words:
๐ฑ there is more real infrastructure backing the network.
โธป
โ ๏ธ The bearish argument
Critics respond that:
* a large part of the activity remains speculative
* memecoins drive much of the volume
* the revenues of a blockchain can drop quickly in bear markets
And they remind us that:
๐ an asset can have solid fundamentals and still drop 70-90% if liquidity dries up.
The numbers you mention are essentially real:
* ๐ From around $260 to less than $10 during the 2022 bear market.
* ๐ A very deep correction from its recent cycle highs.
And that shows something important:
๐ SOL is a highly volatile asset.
โธป
๐ง Does it have a stronger "floor" now?
Bulls would say yes, because today Solana has things it didn't have in 2022:
* More on-chain activity.
* More stablecoins.
* More DeFi applications.
* Greater institutional participation.
* A more mature developer ecosystem.
In other words:
๐ฑ there is more real infrastructure backing the network.
โธป
โ ๏ธ The bearish argument
Critics respond that:
* a large part of the activity remains speculative
* memecoins drive much of the volume
* the revenues of a blockchain can drop quickly in bear markets
And they remind us that:
๐ an asset can have solid fundamentals and still drop 70-90% if liquidity dries up.
