Solana: One Of 2022’s Biggest Losers

We’ll be doing a more detailed look at what 2022 was like for the crypto space the week after Christmas, but until then, let’s look at one of the biggest losers for 2022*. 

If there’s one cryptocurrency on this list that many cryptocurrency experts, analysts, and enthusiasts believe should be on a list of failures, it’s the Ethereum-killer (🤣), Solana ($SOL.X). 

Regardless of whether or not you think Solana is a bull or a bear, it’s never a good thing when your blockchain stops working. Not just once, twice, or three times, but seven freaking times since Solana’s launch in 2020. 

And five of those stops occurred in 2022. Then there are the exploits and hacks on Solana’s network, like the $320 million Solana-based Wormhole bridge hack. 

Throw in a little exposure to FTX, and you get a recipe for one of the world’s biggest bowls of suck, along with a full side of failure, and a sprinkle of stupid. ✨

So, how did Solana do in 2022? Down -94% from its all-time high of $267 and down -94% from January 1, 2022. 

There’s the Dead Cat Bounce, and then there’s the Dead Cats That Don’t Bounce But Go Splat. 💩

If you think -94% is the worst performance of 2022… it’s not. We’ll take a look at the biggest loser of 2022 next week. 

*as of 12/21/22

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