Thursday, March 23, 2023
Bitcoin - Altcoin News
No Result
View All Result
  • Login
No Result
View All Result
Bitcoin News
No Result
View All Result
Home News Altcoin News

Arthur Hayes Calls Solana A ‘Shitcoin’; Here’s Why

news by news
December 28, 2022
in Altcoin News, News, solana, Solana (SOL), Solana Price
0
Arthur Hayes Calls Solana A ‘Shitcoin’; Here’s Why
0
SHARES
46
VIEWS
Share on FacebookShare on Twitter

READ ALSO

Terra (LUNA) Price Tumbled 8%, Terra Classic (LUNC) 4% After Do Kwon Arrest

Breaking: Terra CEO Do Kwon Arrested In Montenegro Airport

arthur hayes solana

Solana News: The global crypto industry collapse continues as the cumulative market cap drops below the crucial $800 billion mark. The biggest crypto like Bitcoin (BTC) and Ethereum (ETH) prices have dropped by a whopping 65% and 68% over the year to date (YTD), respectively. However, the year 2022 has proven to be worst for the Solana (SOL).

Solana to drop more?

Solana prices have dropped by over 94% on a YTD basis. SOL started the year with a trading price of $172. However, Solana is trading at an average price of $10.06, at the press time. This is marked as a huge drop for the top crypto that ruled the charts. SOL has become one of the biggest looser of the year 2022.

Arthur Hayes, co founder of the BitMEX crypto exchange came out to comment on the situation. He stated that even “Solana” is a complete and utter shitcoin. He added that at some point it will be a buy if the mainstream financial press is dunking on it.

Hayes highlighted that “Nothing ever goes up or down in a straight line”.

However, SOL price have dropped by another 12% over the past 24 hours. Meanwhile, its 24 hour trading volume is up by a massive 158%.to stand at $397 million. It is still holding a market cap of over $3.6 billion.

The post Arthur Hayes Calls Solana A ‘Shitcoin’; Here’s Why appeared first on CoinGape.

Related Posts

Terra (LUNA) Price Tumbled 8%, Terra Classic (LUNC) 4% After Do Kwon Arrest
24/7 Cryptocurrency News

Terra (LUNA) Price Tumbled 8%, Terra Classic (LUNC) 4% After Do Kwon Arrest

March 23, 2023
Breaking: Terra CEO Do Kwon Arrested In Montenegro Airport
Altcoin News

Breaking: Terra CEO Do Kwon Arrested In Montenegro Airport

March 23, 2023
Breaking: SEC Chair Gary Gensler To Appear Before US House Committee
24/7 Cryptocurrency News

Breaking: SEC Chair Gary Gensler To Appear Before US House Committee

March 23, 2023
Breaking: Jack Dorsey’s Block (SQ) Crashes 20% As Hindenburg Report Accuses Of Fraud
24/7 Cryptocurrency News

Breaking: Jack Dorsey’s Block (SQ) Crashes 20% As Hindenburg Report Accuses Of Fraud

March 23, 2023
Breaking: Hindenburg Research Exposes Jack Dorsey’s Block Inc
24/7 Cryptocurrency News

Breaking: Hindenburg Research Exposes Jack Dorsey’s Block Inc

March 23, 2023
Coinbase CEO Brian Armstrong, CLO Grewal Sold COIN Stocks Ahead Of US SEC Action
24/7 Cryptocurrency News

Coinbase CEO Brian Armstrong, CLO Grewal Sold COIN Stocks Ahead Of US SEC Action

March 23, 2023
Next Post
Breaking: Michael Saylor’s MicroStrategy Buys 2395 Bitcoins

Breaking: Michael Saylor’s MicroStrategy Buys 2395 Bitcoins

POPULAR NEWS

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

December 7, 2022
Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

December 7, 2022
Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

December 17, 2022
Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

December 7, 2022
Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

February 28, 2023

EDITOR'S PICK

Can Bitcoin Price Crash To Sub-$15K And Ethereum $1K?

4 On-Chain Metrics Indicate Potential Correction In Bitcoin, Ethereum Price

March 22, 2023
Crypto Evolution in 2023: How Cryptocurrencies Market Will Get Better?

Crypto Evolution in 2023: How Cryptocurrencies Market Will Get Better?

January 2, 2023
US Authorities Investigate DCG’s Crypto Empire Over Internal Transfers

US Authorities Investigate DCG’s Crypto Empire Over Internal Transfers

January 7, 2023
Bear Market Not Over Yet! Expert Hints Toughest Phase Incoming

Bear Market Not Over Yet! Expert Hints Toughest Phase Incoming

January 31, 2023
Bitcoin - Altcoin News

© 2022 coingger.com

Navigate Site

  • Europe
  • Exchange
  • Elon Musk
  • ETH Price
  • crypto Tax U.S.
  • CZ
  • Crypto Miners
  • BTC Price
  • ChatGPT
  • China crypto
  • Coingecko
  • Binance Smart Chain
  • Bitcoin $100K
  • Airdrop

Follow Us

No Result
View All Result
  • Homepages
    • Home Page 1

© 2022 coingger.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In