Sonala Sees Suden 14% Spike, Will It Continue To Rally?
January 2, 2023
Story: Mohd Javed
Solana (SOL) shown a sudden spike of 14% in its price on Monday.
Solana suffered losses on Friday, a day after falling to its lowest level since February 2021.
In the last 7 days, the cryptocurrency had not only fallen out of the top-20, but it has depreciated by 17% too.
It was down 97% from its record peak of $267.50 in November 2021, and down over 20% in the past week.
The recent collapse of SBF’s FTX and Alameda has dragged the token into the max turbulence zone.
With prices constantly falling, the overwhelming fear has most traders on edge, unwilling to take risks as they expect further declines in the market.
Altcoins are likely to remain bearish for a long time to come as the entire crypto industry continues to struggle.
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