Solana Underperforms in August, But Analyst Predicts Continued Success

Despite Solana’s (SOL) August underperformance compared to expectations, market analyst XForceGlobal believes the altcoin is primed for significant growth despite this dip. In response to the recent criticism directed at the 6th largest cryptocurrency by market cap, XForceGlobal posted on X, urging investors to stay positive and emphasizing that SOL has lagged behind other altcoins in August’s rally, achieving impressive gains of over 23.75% in the last 30 days. The gains were driven by a robust DeFi ecosystem and rising interest in NFTs. Notably, SOL is currently outperforming XRP and HYPE since August.