Ethererum Rival Hard Hit by FTX Bankruptcy Is There Any Hope For This Altcoin? Santiment Commented!

From the sharp declines in 2022 Bitcoin (BTC) until altcoins also affected.

One of these altcoins is undoubtedly Ethereum (ETH) seen as rival Left (LEFT) it happened.

SOL, which has experienced the hardest drops with the effect of the bear market, has finally been the cryptocurrency exchange. FTX and Alameda ResearchIt also took a big hit from the bankruptcy of .

Solana, which has not recovered since FTX’s bankruptcy, is around $10.

Shocked by the bankruptcy of FTX, Solana said this week that major NFT projects on the network were disconnected from the network. Ethereum and to Polygon (MATIC) The past also took a hit with his doing.

Cryptocurrency analysis platform evaluating Solana’s successive negative experiences centimentnoted that the concern over the Solana network continues to rise.

Emphasizing that Solana has fallen 73% in the last 8 weeks, Santiment said that the security of the Solana network, which is currently at risk of losing its validators, may also be at risk.

According to Santiment, things could turn into an even more difficult situation for Solana. Because Santiment, there is no positive development for the recovery of the Solana network at the moment. LEFT expressed further concerns about the

“Solana has dropped 73% in the last 8 weeks.

The FUD on SOL was once strong against the burgeoning entity, but there seems to be a pretty good reason for development to come to a standstill.”

Also for Santiment SOL “The glaring issues for Solana are that SOL trading volume is at yearly lows and this asset doesn’t seem to have many signs pointing to the light at the end of the tunnel. While nothing is guaranteed in crypto, odds are that SOL is currently a tough asset to have an argument to lean on.” said.

once the greatest ETH Although there is currently no positive data or sign for Solana, who is seen as its rival, time will tell whether SOL will recover.

Ranked 17th by market value at the time of writing witherIt continues to trade at $10.09.

📉 #fading is now down 73% in the past 8 weeks. the #FUD is strong toward the once thriving asset, but there appears to be some pretty good justification with development activity coming to a halt. Read our take on what metrics are pointing to for $LEFT. 👀 https://t.co/P7AnKYfKYN

— Santiment (@santimentfeed) December 28, 2022