Price of Solana clearly declining despite strong meme coin market
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As observed on numerous meme coin projects, the flood of these tokens has the potential to create a bubble that will cause sharp price increases and even sharper declines. But there are other factors at play here besides meme tokens that are contributing to Solana has not been exempt from the outflows that have been occurring on the larger cryptocurrency market. Riskier assets like SOL are being avoided by many investors in favor of more steady, less volatile investments, as the general mood among investors has turned cautious. As a result, there is now less liquidity, which is pushing the price of Solana even lower.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future.
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