Anatoly Yakovenko is the founder of Solan and also the CEO of Solana Labs.
Why Solana is Dropping:
Cryptocurrencies are increasingly correlated with traditional markets, so losses in traditional markets can put pressure on the digital asset market.
Profit Taking: After Solana reached a new all-time high this month, some investors may have decided to take profits.
Potential US Tariffs: Concerns arose that tariffs could increase inflation, potentially leading the Federal Reserve to suspend or reverse interest rate cuts.
solana will go down soon.....
watch and see.
Why Solana is Dropping:
Cryptocurrencies are increasingly correlated with traditional markets, so losses in traditional markets can put pressure on the digital asset market.
Profit Taking: After Solana reached a new all-time high this month, some investors may have decided to take profits.
Potential US Tariffs: Concerns arose that tariffs could increase inflation, potentially leading the Federal Reserve to suspend or reverse interest rate cuts.
solana will go down soon.....
watch and see.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.