Despite riding high on recent partnership announcement with global payments giant Visa, Solana's native token SOL has faced rather swift reversal, plummeting to $18.40
The partnership was seen as a ringing endorsement of Solana as a legitimate Ethereum alternative, especially prized for its speedy and cost-effective transactions.; the altcoin market at large is also weathering a storm., major players like Bitcoin and Ethereum have been mostly flat, while other noteworthy altcoins like Cardano and Dogecoin have reported declines of 2.3% and 2.4%, respectively, in the past week.are also down 4.4% and 5% over the past 24 hours, according to CoinGecko data.
However, the fact that SOL is underperforming the main altcoins despite the Visa hype is pretty damning for the key Ethereum rival.
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