The future of the Solana coin has been one of the most discussed topics in the crypto market. Although Solana is strongly on the list of the top 10 largest cryptocurrencies in the industry, the price growth has been dismal. In fact, Solana is among the coins that have been bearish over the past 6 months.
Will Solana remain bearish for the next 90 days? Well, crypto analysts have warned that Solana might remain bearish in the next 3 months. There are a number of factors that makes Solana bearish, with the bad market topping the list.
If the Federal Reserve continues with its inflation counter-measures in the next 90 days, then the crypto market will continue to crash. Therefore, we are likely to see a drop in Solana's price. Therefore, FED remains one of the biggest reasons Solana might remain bearish in the coming weeks.
There is a growing feeling that Solana's growth might be saturated. This means the Solana team might not offer any significant growth that will skyrocket $SOL price. That's why a significant number of Solana investors are leaving and joining other coins like Bitgert (BRISE), which has massive developments coming. Therefore, a saturated Solana will trigger many investors to leave for other attractive projects, which will make the coin bearish.
But the biggest reason why Solana might remain bearish in the next 90 days is the tough competition. There are crypto projects outperforming Solana and are attracting its investors. Bitgert is among the toughest Solana competitor today and has been said to be the Solana killer. In fact, a good number of SOL holders are leaving to join Bitgert.
Bitgert has a faster blockchain than Solana. Bitgert BRC20 blockchain has a lower gas fee than the SOL chain. Crypto analysts also say that the Bitgert ecosystem is growing faster than Solana. There are also more disruptive Bitgert products on the Bitgert ecosystem than Solana. The number of Bitgert projects is also growing faster than Solana. These are factors making Bitgert outperform Solana.
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