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Crypto

Solana Plunges 75%, Will It Bounce Back?

Guavy AI Editorial Team
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ETH SOL
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Solana (SOL) has plummeted 75% from its record high of $295 on January 18, 2025. It now trades at around $73.

The token's decline is attributed to various headwinds, including a challenging cryptocurrency market and concerns over inflation and interest rates.

Bulls argue that Solana's Alpenglow upgrade this year will boost network speeds, security, and its competitive edge against Ethereum (ETH) and other proof-of-stake blockchains.

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