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Title: Is It a Good Time to Buy Solana? Will the Token Unlock Harm the SOL Price in 2024?
As we delve into the current market trends, it becomes increasingly important to assess whether or not it’s an opportune moment to invest in Solana. Despite facing several outages and controversies, the token has remained remarkably resilient and continues to show promise for long-term growth.
While many may be quick to dismiss Solana due to its recent setbacks, it is essential to recognize that these challenges have only served to strengthen the platform’s foundation and enhance its overall capabilities. In fact, the network has seen significant growth in 2024, rivaling industry giants like Ethereum in terms of transaction volume and count.
This begs the question: can we expect the SOL price to continue trending upwards? The short answer is yes. The fundamental analysis suggests that Solana’s value will likely follow an ascending trend over the coming year.
Source: coinpedia.org
