Investors are debating whether it’s too late to buy Solana (SOL) after a 14% bounce from weekend lows. This comes as uncertainty regarding the US regulatory outlook, specifically the US Securities and Exchange Commission’s claim in lawsuits against Binance and Coinbase that Solana is a security, continues to impact SOL’s price. The SOL price dropped from approximately $22 to under $13.50 but has since recovered to around $15.
Some argue that investors have not missed their opportunity to “buy the dip,” as the price action continues to look bearish, which could mean SOL may soon print new lows. However, buying now is considered risky, as SOL could drop nearly 50% from current levels, potentially testing late-2022 lows around $8.0 in the coming weeks.
On the other hand, investors seeking better near-term gains have shown interest in the viral new AI-powered crypto price prediction platform yPredict’s native $YPRED token. Many industry experts predict this token to be the next best performer. The yPredict platform offers users access to AI-powered signals, breakouts, pattern recognition, and social/news sentiment features.
As AI continues to impact the crypto industry, projects like yPredict are expected to attract significant interest and user bases, making the $YPRED token a potential contender for the next best-performing coin. Currently, yPredict is running a presale of its native $YPRED token, which recently hit a massive $2.2 million milestone.
Investors who get in now can potentially secure paper gains of 33% as the token will list across major exchanges for $0.12 later this year. However, with the pace at which the $YPRED token is selling during the presale, investors are advised to act quickly before it sells out. The presale hard cap of $6.5 million could be reached within a couple of weeks.
In conclusion, while there are potential opportunities in the SOL market, buying during its current bearish state is considered risky. Investors should weigh the pros and cons, keeping in mind the ongoing uncertainty surrounding its regulatory status. In the meantime, alternative investments like the $YPRED token from yPredict may offer more promising short-term gains, especially with AI-driven platforms gaining traction in the crypto market.
Source: Cryptonews
