In my previous post, I wrote about the solana price trend, but in this post I do the same but more broadly since its inception. And the trend would be that at the end of several months the price would have to drop to approximately 30, 40 dollars. I think that the previous decline in 2020 was not due to the news about the economy of the United States or other countries or FTX, but rather it was because this is what this cryptocurrency market is like, the whales retire with profits since cryptocurrencies are uncertain, risky and could be worth 0 dollars at some point, and the other whales and small users end up withdrawing in panic, most with losses.
That is why some analysts say that the posthalving has already been brought forward and some institutions say that prices will drop by up to 20 to 40 dollars.
The current bearish situation of cryptocurrencies gives me to understand things in the future, I hope I am wrong, because bitcoin, ethereum and bnb did not fall and the others did fall, especially solana. Hopefully bitcoin does not migrate to another consensus like Ethereum did, then the Solana project would begin or is already beginning to die little by little. The bitcoin project now has a lot of support and demand from large institutions for ETFs and that could happen.
Be careful when holding and trading with solana cryptocurrencies
Unfortunately this is a business, where I would say that our bosses are the whales, because they give us work. Just as they invest and make prices grow, they also make them fall to generate profits for themselves. We only have to follow their rules, trying to get ahead of them to also generate more profits😥
History teaches that you should invest only in innovative and/or solid projects to ensure profits and in case of disaster to be able to recover your capital over time when trading in cash (Spot) and not on credit (Futures).
For example, these projects are: Bitcoin, Etherium, Solana and BNB. These projects have already reached or are about to reach their historical maximum price
I thought it would be different this time because of the Bitcoin ETFs but it is behaving the same as on previous occasions since it continues to rise and fall after being bullish.
The Sol cryptocurrency seems to go down to around 145 to 150 dollars, depending on the timing of a day, I hope so, if so I will buy at 150 dollars😅
Sometimes you have to think like a whale, pretend to be one to trade and thus ensure profits.