Santiment: Solana rebounds strongly, market sentiment is bearish, opportunity or trap?

According to Santiment on X, Solana is showing stronger rebound signs than most other altcoins after a significant pullback on Wednesday. As the fifth-largest asset by market cap, Solana continues to prove that public sentiment is often wrong. The current bearish sentiment should be seen as a sign that Solana may continue to rise.

Solana is a powerful open-source project that relies on the permissionless nature of blockchain technology to provide decentralized finance (DeFi) solutions. Although the idea and initial work for this project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation based in Geneva, Switzerland.