<p>The post <a href="https://coinpedia.org/news/solana-sol-sees-a-dip-at-60-but-heres-why-investors-see-potential-surge/">From $60 to the Moon? Here’s Why You Should Buy Solana’s Dip Now</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p><a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/">Solana (SOL)</a> is experiencing an unusual dip at $60.30, marking a 5.59% decrease in the past four hours. Despite the short-term setback, the cryptocurrency has managed to secure a 9% growth for the week, catching the attention of investors who view the current price as a potential steal.</p> 
<p>While the <a href="https://coinpedia.org/price-analysis/solana-price-hints-potential-drop-will-sol-price-retest-its-lows-of-50-soon/">recent drop</a> in Solana’s price may concern day traders, a closer look reveals three key factors that could contribute to its resurgence and long-term potential.</p> 
<h2 class="wp-block-heading" id="h-it-s-airdrop-season">It’s <strong>Airdrop Season!</strong></h2> 
<p>Solana’s blockchain protocol is undergoing a transformative phase, entering what many consider an airdrop season. This strategic shift comes as a result of the momentum gained from the earlier Grizzlython event.&nbsp;</p> 
<p>Currently, several projects developed on the Solana blockchain are poised to make their debut in the public domain. This unfolding evolution is foreseen as a potent force propelling Solana’s price, creating anticipation within its ecosystem for groundbreaking developments on the horizon.</p> 
<p>Read More: <a href="https://coinpedia.org/price-analysis/solana-price-analysis-will-solana-ever-enter-the-top-5-crypto-rankings-decoding-the-possibilities/">Solana Price Analysis: Will Solana Ever Enter the Top 5 Crypto Rankings? Decoding the Possibilities</a></p> 
<h2 class="wp-block-heading" id="h-retail-and-institutional-impact"><strong>Retail and Institutional Impact</strong></h2> 
<p>Despite subtle challenges on the horizon, both retail and institutional players are expected to influence Solana’s trajectory positively. Notably, a surge in <a href="https://coinmarketcap.com/currencies/solana/">trading volume</a> to $2,070,760,055, reflecting a 37% increase, underscores the sustained interest in Solana.&nbsp;</p> 
<p>Meanwhile, the combination of institutional capital inflow and retail participation could contribute to a revival of Solana’s market position.</p> 
<h2 class="wp-block-heading" id="h-bitcoin-etf-hype-is-real"><strong>Bitcoin ETF Hype</strong> Is Real </h2> 
<p>Solana’s fate is intricately tied to broader market dynamics, particularly the current buzz surrounding the potential approval of a <a href="https://coinpedia.org/news/bitcoins-tipping-point-how-the-upcoming-halving-and-etfs-could-reshape-crypto/">Bitcoin spot ETF.</a>&nbsp;</p> 
<p>While Solana faces competition from Ethereum, which leads in terms of developers and decentralized applications, the positive sentiment generated by Bitcoin’s ETF approval discussions is expected to have a ripple effect on Solana’s performance.</p> 
<p>Read More: <a href="https://coinpedia.org/news/how-will-the-crypto-market-react-to-the-u-s-approving-its-first-bitcoin-etf/">Are We Ready for a Crypto Price Boom? Bitcoin Halving, Spot ETFs &amp; More</a></p> 
<h2 class="wp-block-heading" id="h-it-s-a-long-road-ahead">It’s a Long Road Ahead </h2> 
<p>Despite facing external factors, including the FTX bankruptcy drama and the ongoing dominance of the Ethereum ecosystem, Solana’s focus on privacy, scaling, and security remains steadfast.&nbsp;</p> 
<p>As investors navigate the current crypto landscape, Solana stands out as a potential opportunity for those eyeing long-term gains, driven by its evolving network, growing interest from both retail and institutional players, and the wider market dynamics influenced by Bitcoin’s developments.</p>

From $60 to the Moon? Here’s Why You Should Buy Solana’s Dip Now

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