Solana (SOL) dumps hard even in the slightest of market corrections, Is this the reason why their investors are moving towards RenQ Finance?

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Solana (SOL) has been one of the hottest cryptocurrencies of 2021, rising from around $1 in January to an all-time high of $216 in early September. 

However, despite its impressive performance, SOL has recently faced a series of sharp price corrections during the recent bear market, causing some investors to question its long-term viability. Many of these investors are now looking towards RenQ Finance (RENQ), a new DeFi project that promises to solve some of the most pressing issues facing the cryptocurrency market today.

After reaching an all-time high in early September, SOL suffered a significant price correction, dropping by nearly 40% in just a few days. While the market has since stabilized, SOL's recent price performance has left many investors concerned about its long-term potential.

At the time of writing, Solana is priced at $21.52, reflecting a -5.04% change in the last 24 hours. Despite recent price fluctuations, Solana's market capitalization stands at $8,258,933,385.59. Since the start of the year, Solana has seen a positive change of 115.88%.

One of the most notable aspects of SOL's recent price movements is its sensitivity to market corrections. Even in the slightest of market downturns, SOL has often dumped hard, leading some investors to believe that the asset is too risky for long-term investment.

This sensitivity to market movements is not unique to SOL, as many cryptocurrencies are similarly affected by short-term market conditions. However, SOL's price movements have been particularly volatile, leading many investors to seek alternative investments that are more resilient to market fluctuations