I kept a small bag of SOL from the last bull run, but this recent dip has me wondering... Should I buy more?
Note: If you're a bit lazy like me, you can also watch this YouTube short (the AI gave me a kind of British accent, it's really worth it ...) https://youtube.com/shorts/BoUvO4a9Atw?si=TMhgGSoQ6B3HWWC8
As I was unsure about SOL, I started to DCA by using the DCA feature on Jupiter Exchange... There is a Layer3 quest to do that, with a potential airdrop. If you don't know Layer3 yet, that's a powerful tool to get airdrops, you can use my referral link below to start using it:
Now, coming back to Solana, despite the current altcoin bloodbath, there are some positive signs:
- Solana's daily active wallets are more than four times Ethereum's (1.6 million vs. 0.367 million).
- It's also dominating in stablecoin transfers and even matching Ethereum's DEX volume on some days.
- Revenue surged to 50% of Ethereum's, a figure unheard of before.
Toghrul Aliyev from Crypto.news puts it well: "Solana's ability to compete with Ethereum in DEX volumes showcases its potential."
As usual, this is not financial advice.
(Based on June 2024 data from Toghrul Aliyev on crypto.news)
