{"id":48772,"date":"2023-11-19T01:16:02","date_gmt":"2023-11-19T01:16:02","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/crypto\/is-solana-going-to-zero-sol-price-slashes-10-as-fresh-altcoin-bags-4-million\/"},"modified":"2023-11-19T01:16:05","modified_gmt":"2023-11-19T01:16:05","slug":"is-solana-going-to-zero-sol-price-slashes-10-as-fresh-altcoin-bags-4-million","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=48772","title":{"rendered":"Is Solana Going to Zero? SOL Price Slashes 10% as Fresh Altcoin Bags $4 Million"},"content":{"rendered":"
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The SOL price has dumped by 11% this morning, on a bad day for the cryptocurrency market as a whole, which is down by 3%.<\/p>\n

Yet at $57.84, SOL remains up by 17% in the past week and by a huge 140% in the last 30 days, with the altcoin also having gained by 480% across the year to date.<\/p>\n

This makes it one of the best-performing major tokens of 2023, with further market pushes likely to benefit it more than many other similar coins.<\/p>\n

However, its losses today raises the possibility that it may have peaked for the year, with other altcoins potentially a better bet right now, including presales tokens such as the increasingly popular Bitcoin Minetrix.<\/p>\n

Is Solana Going to Zero? SOL Price Slashes 10%<\/h2>\n

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SOL has lost some short-term momentum as a result of today\u2019s drama, yet its medium-term momentum remains very promising.<\/p>\n

For example, its relative strength index (purple) has dipped a little bit, but only to 68, where it has flattened and looks like it could rise again.<\/p>\n