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The name of the new concern in the crypto market: Solana

Cryptocurrency market slumped to a 10-month low. As the effects of Terra and Luna’s collapse linger, the new worry is named Solana.

Shocks came one after another, the hard crash in cryptocurrencies Terra and Luna made its investor lose

The loss in the crypto money markets was $130 million. The name of the new concern is Solana…

Solana, one of the largest blockchains, lost 59% to its investor.

What should a Solana investor do?

Crypto Expert Helin Celik, who said, “Unless there is an improvement in the general conditions of the market, will continue its limited movement” and said:

“We can say that if there is an investor who already has a wilting hand, he is reluctant to go up to the trend zone. Solana is worth waiting for, but the support level of 36 thousand is a critical level.”

In the last 24 hours, there have been losses of up to 6% in cryptocurrencies such as Bitcoin and Ethereum.

Central banks’ interest rate hikes and stagnation expectations are weighing on the cryptocurrency market.

“The situation of altcoins may be a little more troublesome”

The question that the digital currency investor is wondering is when the recovery will start.

Saying that investors are now stuck in the grip of interest rate hikes and recession, Celik said, “Therefore, there has been hard-selling pressure in both Nadaq and Cryptocurrencies. In this process, especially the situation of altcoins may be a little more troublesome. If the bitcoin-dollar parity maintains over 30 thousand, it will reflect positively on the major currencies in the first place.”

Source: Trthaber / Translated by Irem Yildiz

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