Down 77%, Is It Time to Give Up On This Once-Popular Cryptocurrency?

Published June 12, 2026 · Category: Finance

Overview

To say that Solana (CRYPTO: SOL) is in free fall would be an understatement. As soon as it hit an all-time high of $294 in January 2025, Solana began to decline in price. It's now down a head-spinning 77%, and investor sentiment on Solana is decidedly bearish.

But I'm not giving up on Solana. Here's a closer look at why the world's seventh-largest cryptocurrency might be able to regain its former momentum sooner than anyone expects.

Details

First and most importantly, Solana remains the top challenger to Ethereum (CRYPTO: ETH). All the other top Layer 1 blockchain competitors have fallen by the wayside. The latest challenger to bow out is Cardano (CRYPTO: ADA), which has all but declared that its blockchain ecosystem is on the verge of collapse.

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Source

Originally published at www.fool.com.

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