Solana, the digital token backed by fallen crypto mogul Sam Bankman-Fried, is starting the year strong after a 94% plunge in 2022. Traders are looking for evidence that the selloff is overdone after a supportive Dec. 29 tweet from Ethereum co-founder Vitalik Buterin. Don’t look for Solana to regain its highs anytime soon though: The coin remains 95% below its November 2021 peak.
(Bloomberg) — Solana, the digital token backed by fallen crypto mogul Sam Bankman-Fried, is starting the year strong after a 94% plunge in 2022. Traders are looking for evidence that the selloff is overdone after a supportive Dec. 29 tweet from Ethereum co-founder Vitalik Buterin. Don’t look for Solana to regain its highs anytime soon though: The coin remains 95% below its November 2021 peak.
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