Should You Buy the Solana Cryptocurrency After Its 74% Plunge?

Solana cryptocurrency is down 74% from its all-time high. The native SOL token trades at a 52-week low amid a broader crypto market drop to $2.17 trillion. Solana's network uses a proof-of-stake mechanism and runs on a decentralized node network similar to Ethereum but with faster transaction speeds. Solana's smart contracts are immutable and enforce app rules without central control.