2024

Solana

<p>The cryptocurrency Solana has experienced a tumultuous period lately, swinging between promising highs and concerning lows. This article looks at the challenges Solana is facing, the impact on crypto investors, and the future outlook.</p>
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     <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">Solana Investor Sentiment Remains Battered With $3M Outflows: CoinShares <br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4f0.png" alt="📰" class="wp-smiley" style="height: 1em; max-height: 1em;"> Solana is finding it difficult to regain the trust of investors following a network outage as recorded outflows of $3 million.<br>Read more: <a href="https://t.co/ybuJMPL6QI" rel="noopener noreferrer nofollow">https://t.co/ybuJMPL6QI</a></p>— CryptoPotato Official (@Crypto_Potato) <a href="https://twitter.com/Crypto_Potato/status/1762254969430999285?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 26, 2024</a>
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<h2 id="h-the-crypto-platform-solana-records-significant-outflows">The crypto platform Solana records significant outflows</h2>
<p>The <strong>crypto Solana network</strong> suffered <a href="https://www.cointribune.com/en/solana-still-at-a-standstill-the-ambition-to-compete-with-ethereum-falters/" target="_blank" rel="noopener noreferrer nofollow">a 5-hour outage</a> on February 6, 2024. This was caused by a bug, which resulted in an infinite loop in cryptocurrency transactions. This incident, of course, shook the confidence of crypto investors. Evidence: the crypto platform has recorded significant outflows.</p>
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<p>According to <a href="https://blog.coinshares.com/volume-171-digital-asset-fund-flows-weekly-report-0bc3a2259018" target="_blank" rel="noopener noreferrer nofollow">CoinShares</a>, Solana is the only <strong>altcoin</strong> to have seen outflows last week. These outflows reached $3 million. This figure is almost double the previous week, underlining the concerns of cryptocurrency investors.</p>
<h2 id="h-analysis-of-sol-s-price-and-outlook">Analysis of SOL’s price and outlook</h2>
<p>The <a href="https://www.cointribune.com/en/crypto-markets/solana-sol-en/" target="_blank" rel="noopener noreferrer nofollow">price</a> of the crypto Solana (SOL) is currently at $110.85. Despite the challenges, this cryptocurrency retains undeniable potential thanks to its hybrid technology combining Proof-of-History (PoH) and Proof-of-Stake (PoS). It ensures exceptional scalability as well as fast processing times.</p> 
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<p>That’s not all! The <strong>price of Solana crypto</strong> has also started <a href="https://www.cointribune.com/en/solanas-sol-crypto-on-a-roller-coaster-ride-aiming-for-140/" target="_blank" rel="noopener noreferrer nofollow">a new rally</a>. SOL has indeed gained 10% and was able to exceed the resistance level of $108. This cryptocurrency is now aiming to break through the resistance bar of $144. A path that might lead it directly to a peak of $118.</p>
<p>Several cryptography experts are even more optimistic. They predict a price of $250 this year for Solana crypto.</p>
<p>True, the confidence of crypto investors is fragile. Also, the platform Solana will have to face many challenges to regain its place in the market. But Solana’s innovative technology remains a major asset that allows it to overcome obstacles. To be continued…</p>

Crypto Solana: $3 million fund outflows raise concerns

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