SOL recent struggles

1. Bad market

The crypto market has been dropping from Q4 2021, where most of the coins prices have been altered in negative way. While Solana has been plunging, the problem is prevailing across the industry. The Downfall of UST stablecoin only worsened the condition of the whole cryptomarket. The UST crisis has wobbled the whole crypto space and has sent prices of almost all popular coins down by a considerable amount. The collapse of Terra Luna had a huge impact on Solana. We got the proof that being a top cryptocurrency by market cap is no guarantee against cataclysm. 

2. FED influence

Fed keeps putting measures in the money market that has hit the Solana price drastically. The changes have been triggering massive withdrawals. Each time new FED measures are applied, SOL's price is plunging. The Fed keeps hiking interest rates in order to hold back inflation, this makes a life of an ordinary crypto investor much complicated in terms of risky investments. There is a massive anxiety among investors because the predictions that Fed won't be able to suppress inflation without triggering a recession.

3. Bitgert competitor

Bitgert is one of the projects that has transcended the Solana blockchain performance. Crypto experts claim that a good number of Solana selling investors are joining Bitgert. Investors love projects that are growing fast, and that’s what Bitgert is providing. The delivery of the Bitgert roadmap shows the speed at which this project is growing. The Bitgert roadmap V1 was delivered within 200 days of the launch. The Bitgert roadmap deployed some incredible products, including the powerful . The Bitgert project is in demand due to its smallest gas fee in the world which is $0.0000000000001 per transaction. Besides, Bitgert reached a new ATH in early March 2022 when Solana was plummeting. The Bitgert blockchain has reached a mind-blowing throughput of 100k TPS, it operates faster than Solana, which has a TPS of 65k. Innovative Bitgert chain launches +100 projects per month which makes it an imminent threat to Solana.