Solana, a popular cryptocurrency, has been bucking the trend of the broader market, which is experiencing extreme fear. Despite a 20% weekly drop, Solana's on-chain data reveals over 1.7 million daily returning users, the highest since February, indicating sustained network activity.
This divergence suggests that Solana may be undervalued and poised for a potential move toward $100. A rising SOL/BTC ratio also supports this theory, as it indicates that Solana is outperforming Bitcoin.