TVL, network outages, or derivatives: What’s behind Solana’s (SOL) 60%+ drop? By Cointelegraph
The past couple of months have not been kind to cryptocurrencies. The sector’s aggregate market capitalization plunged 50% from a Nov. 10 peak at $2.87 trillion to the current $1.44 trillion. ‘s (SOL) downfall has been even more brutal, presently trading at $88 after a 66% correction since its $260 all-time-high.
Pinning the underperformance exclusively to the recent network outages seems too simplistic, and it doesn’t explain the accelerated decoupling over the past week, so let’s take a look at what might be going on.
Continue Reading on Coin Telegraph
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
The past couple of months have not been kind to cryptocurrencies. The sector’s aggregate market capitalization plunged 50% from a Nov. 10 peak at $2.87 trillion to the current $1.44 trillion. ‘s (SOL) downfall has been even more brutal, presently trading at $88 after a 66% correction since its $260 all-time-high.
Pinning the underperformance exclusively to the recent network outages seems too simplistic, and it doesn’t explain the accelerated decoupling over the past week, so let’s take a look at what might be going on.
Continue Reading on Coin Telegraph
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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