There's a lot of buzz over Solana the last few months due to its big run up. It's back down to the lower support of its triangle consolidation, so this looks like a good place to take a long position. It's already moved up significantly, but could easily move to new all time highs again.
Apparently SOL is like Ethereum but able to do many times more transactions due to a completely different architecture. I don't expect SOL to seriously challenge Ethereum, but it's clearly been getting buying. Like everything else in crypto this is highly speculative but I hope will work out due to the bigger environment of a crypto bull. Not investment advice.
Apparently SOL is like Ethereum but able to do many times more transactions due to a completely different architecture. I don't expect SOL to seriously challenge Ethereum, but it's clearly been getting buying. Like everything else in crypto this is highly speculative but I hope will work out due to the bigger environment of a crypto bull. Not investment advice.
Comment:
Nice breakout of the triangle consolidation pattern. Should be new all time highs again soon. I'd like to see ALGO move too, but seems SOL is still the altcoin darling.