Bakkt Delists Solana, Polygon and Cardano – Find Out Where Smart Investors Are Moving Their Wealth –

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Bakkt is getting rid of some of the best cryptocurrencies on the market including Solana (SOL), Cardano (ADA) and Polygon (MATIC). The actions are the result of SEC Lawswhich are the crypto assets as unregistered securities classification.

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Solana (SOL) is facing major liquidity problems.

While Bakkt delists Solana (SOL) due to its “unregistered status”, the Solana Foundation claims that Solana (SOL) is. is not an unregistered security. Recently, they mentioned that SOL is serving as the native token of the Solana blockchain. This innovative community-driven software project relies on decentralized participation and collaboration to fuel its growth and progress.

According to the founder of Degen Picks, a possible solution to the problem of SEC and bankruptcy of FTX could a Fork of the Solana chain which introduces its own set of rules and parameters to deal with the upcoming challenges from SOL.

on the other hand Solana (SOL) is trying to weather the storm and has risen 3.86% in the last 24 hours to $17.10. Experts are still uncertain about the price dynamics of Solana (SOL) so it is no surprise that Solana (SOL) is likely to fall to $15.45 in the coming months.

Cardano (ADA) which was heavily influenced by a recent court case

As expected, Cardano (ADA) suffered a huge blow from the recent SEC lawsuit. Cardano (ADA) has fallen to $0.25 over the past week as Cardano investors are unsure about Cardano’s utility and momentum.

However, all hope is not lost, as experts are pointing out that Cardano (ADA) is set to grow in the coming months could experience an upward trend and the price of Cardano (ADA) could rise to $0.35 by December 2023.

Polygon (MATIC) fails amid negative market sentiment

Polygon (MATIC) was not saved either. The IS have MATIC bears last week control taken and Polygon (MATIC) dropped to $0.59. Amid rising market volatility, experts are speculating that Polygon (MATIC) will continue to fall in the coming weeks.

In particular, there is Polygon (MATIC). significant updates to its ecosystem Announced. Analysts expect Polygon (MATIC) could rally to $1.06 by the end of 2023.

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Last updated on June 25, 2023

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