$SOL fell back to $100
I, instead, started paying attention again
SOL today followed the entire crypto market lower, at one point reaching around $100, with a 24-hour drop of more than 3%.
But this month, SOL has an important catalyst.
Solana’s Alpenglow upgrade has entered the activation phase, and it’s currently planned to launch on September 28. One of the biggest changes in this upgrade is further improving Solana’s confirmation speed and consensus mechanism.
Add to that the earlier inflation reduction proposal passing, and SOL is now actually improving two issues at the same time:
The network is getting faster, and the rate of new token supply growth is slowing down.
So around the $100 mark, I won’t turn bearish just because of a one-day pullback.
If BTC can later stabilize again, I think SOL—this large-cap alt that has ETF inflows, an upgrade catalyst, and improved supply dynamics—will still be a coin worth watching in September.
$SOL $BTC
I, instead, started paying attention again
SOL today followed the entire crypto market lower, at one point reaching around $100, with a 24-hour drop of more than 3%.
But this month, SOL has an important catalyst.
Solana’s Alpenglow upgrade has entered the activation phase, and it’s currently planned to launch on September 28. One of the biggest changes in this upgrade is further improving Solana’s confirmation speed and consensus mechanism.
Add to that the earlier inflation reduction proposal passing, and SOL is now actually improving two issues at the same time:
The network is getting faster, and the rate of new token supply growth is slowing down.
So around the $100 mark, I won’t turn bearish just because of a one-day pullback.
If BTC can later stabilize again, I think SOL—this large-cap alt that has ETF inflows, an upgrade catalyst, and improved supply dynamics—will still be a coin worth watching in September.
$SOL $BTC