Don’t Fear The Crash: Solana Went From $9 to $263 in 2.5 Years
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The cryptocurrency market has faced substantial difficulties over the last two months. October is usually a bullish month for the crypto market, but 2025 had other plans. November continued to see bearish trends take over, leading to substantial losses for investors. Solana (SOL), one of the best-performing cryptocurrencies of 2024, has seen massive outflows over the last few weeks, amid the market crash. According to CoinGecko data, SOL’s price is down 6.9% in the last 24 hours, 2.6% in the last week, 9.9% in the 14-day charts, 31.4% over the previous month, and 46.6% since December 2024. Solana (SOL) climbed to an all-time high of $293.31 earlier this year in January, and is down by more than 56% from its peak.
Why You Should Not Fear Solana’s Price Crash
Solana (SOL) has proven to be one of the most resilient cryptocurrencies in the market. The asset’s price fell to the $9 mark in 2022 after the collapse of FTX. Since its 2022 lows, SOL’s price has hit multiple all-time highs. Looking at SOL’s historical data, it could be safe to assume that you should not fear the asset’s current predicament.
The latest market crash could be due to fresh volatility after the Thanksgiving holiday. Moreover, China reaffirming its crypto ban position may have further increased price volatility. However, Solana (SOL) and the larger crypto market may recover over the coming weeks. The chances of another interest rate cut this month have significantly increased over the last week. If the Federal Reserve rolls out another 25 basis point rate cut, risky assets such as cryptocurrencies could see a surge in inflows.
Also Read: Solana Price Prediction: Will New Spot ETFs Rescue SOL Price?
Solana (SOL) also saw the launch of several ETFs over the past few weeks. ETF inflows could pick up over the coming days. Both developments could lead to SOL reclaiming the $200 mark.
In This News
Coins
$ 127.30
-7.72%Share:
In This News
Coins
$ 127.30
-7.72%Share:
Read More
Solana falls 10% as ETF streak ends – What will be SOL’s next move?
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Don’t Fear The Crash: Solana Went From $9 to $263 in 2.5 Years
Share:
The cryptocurrency market has faced substantial difficulties over the last two months. October is usually a bullish month for the crypto market, but 2025 had other plans. November continued to see bearish trends take over, leading to substantial losses for investors. Solana (SOL), one of the best-performing cryptocurrencies of 2024, has seen massive outflows over the last few weeks, amid the market crash. According to CoinGecko data, SOL’s price is down 6.9% in the last 24 hours, 2.6% in the last week, 9.9% in the 14-day charts, 31.4% over the previous month, and 46.6% since December 2024. Solana (SOL) climbed to an all-time high of $293.31 earlier this year in January, and is down by more than 56% from its peak.
Why You Should Not Fear Solana’s Price Crash
Solana (SOL) has proven to be one of the most resilient cryptocurrencies in the market. The asset’s price fell to the $9 mark in 2022 after the collapse of FTX. Since its 2022 lows, SOL’s price has hit multiple all-time highs. Looking at SOL’s historical data, it could be safe to assume that you should not fear the asset’s current predicament.
The latest market crash could be due to fresh volatility after the Thanksgiving holiday. Moreover, China reaffirming its crypto ban position may have further increased price volatility. However, Solana (SOL) and the larger crypto market may recover over the coming weeks. The chances of another interest rate cut this month have significantly increased over the last week. If the Federal Reserve rolls out another 25 basis point rate cut, risky assets such as cryptocurrencies could see a surge in inflows.
Also Read: Solana Price Prediction: Will New Spot ETFs Rescue SOL Price?
Solana (SOL) also saw the launch of several ETFs over the past few weeks. ETF inflows could pick up over the coming days. Both developments could lead to SOL reclaiming the $200 mark.
In This News
Coins
$ 127.30
-7.72%Share:
In This News
Coins
$ 127.30
-7.72%Share:
Read More
Solana falls 10% as ETF streak ends – What will be SOL’s next move?