Fluctuations throughout the crypto currency market also hit the Sixth Large Crypto Money Left. The price of the left fell to 119.95 dollars by losing 20 percent in the last week. Market analysts foresee that the SOL may fall up to $ 100 by the end of March. The assets in the Memecoin category face a similar collapse; Some tokens suffered losses up to 87 percent of their peaks in January. Analysts say that despite short -term risks, SOL can be recovered in the long term.
Hard drop in the left and future predictions
SOL’s depreciation is seen as a reflection of the negative atmosphere throughout the crypto currency market. The left declined to $ 115.25 at the beginning of the week and is currently trading around 119.95 dollars. Experts say that the decline can continue until the end of March and the $ 100 level can be tested. However, some analysts believe that this decline may be temporary.
Famous analyst Crypto Patel announced that the SOL could decline up to $ 80 in the coming months, then rise and target the $ 500 level. This prediction of Patel is based on potential improvements in the regulations of the US Securities and Stock Exchange Commission (SEC) on crypto currency funds. According to JPMorgan’s reports, the approval of left -based stock exchange investment funds may have an additional investment of billions of dollars in the market.
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Collapse in Memecoins and Loss of User
Memecoins have been experiencing both value and user loss recently. A Token, attributed to US President Donald Trump, lost 87 percent of the peak in January. Behind this decline is the scandals that shook the confidence in the project. The popular memecoin platform Pump.fun’s daily active users decreased from 390,000 to 169,000 in February.
The indifference of users to the memecoins shows that speculative movements in the market are reduced. Some experts emphasize that investors are now turning to more stable projects. On the other hand, the collapse in the Memecoin market damages the trust in the general crypto money market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
