These first 10 days of the year 2023 do not cease to give us good feelings, I say this because the price action of most cryptocurrencies are in frank recovery, such is the case of Solana that today is one of the best performers today with an increase of over 20% recovery.
It is worth mentioning that for some cryptocurrency experts the recovery of Solana's price may be short-lived, because the consequences of the FTX financial crash have not yet settled and no doubt any other similar scenario would impact Solana.
Another thing to note is that Solana's appreciable price recovery is partially attributed to Bonk, which is a new meme currency that has been dubbed Solana's first "dog token".
According to information published on multiple cryptocurrency news portals, Bonk has soared more than 2000% since its launch last December, successful behaviour that was linked to the distribution of free tokens to Solana coin holders.
Let us hope that Solana can sustain this growth in price action in the coming weeks.
SOURCES CONSULTED
Coingecko Solana Price Chart (SOL). Link
OBSERVATION:
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yeah, i was hoping maybe the FTX stuff was getting cleared up/liquidated ... maybe too hopeful yet