Cryptocurrency Solana is encountering another round of volatility: SOL's price has fallen below $200, and network volumes have decreased by 28% over a week. This article explores current challenges and potential prospects for the project.
Solana Slowing Down
Solana is experiencing a slowdown in network transactions. Last week, transaction volume fell to $31.8 billion, indicating a 28% decline.
Crypto Market Under Pressure
The crypto market is also under pressure. SOL's funding reflects negative trends since early February, signaling a decline in enthusiasm.
Solana's Prospects
Despite current difficulties, Solana has prospects due to the potential for a spot ETF, which could attract institutional flows.
Solana remains under pressure. However, its growing adoption and ETF potential could cement its market position.
