The crypto sector is caught in a deep correction and recent reporting shows that a majority of altcoins are more than 70% down from their 2021 highs. Solana is on that list and investors are on the fence about whether the token has strong enough fundamentals to warrant buying Solana (SOL) at its current value.
Data from Cointelegraph Markets Pro and TradingView shows SOL is down 87.5% from its all-time high and given the current state of the market, most price breakouts fail to notch a daily higher high.
Despite, the dismal outlook, there are a few potential positives that could make Solana a project to watch once the wider market enters a consolidation phase.
Solana Mobile
SOL price received a quick boost late last week after a June 23 announcement that the project would release a Solana mobile stack, which enables native Android Web3 apps on Solana.
To go along with the new operating interface for smartphones, Solana also revealed that it…
