The current price of SOLO

As of early April 2022, per CoinGecko, SOLO was trading at about $0.36, having shed 28% since the start of the year. SOLO’s decline in the first three months of 2022 coincided mostly lackluster performance across the digital asset markets. SOLO experienced a great deal of volatility towards the end of 2021. In October, the coin hit an all-time low of $0.06. From rock bottom, it then rose more than 1,000% to reach an all-time high of $6.55.

How the price of SOLO is determined

SOLO’s price partially stems from the token’s deflationary nature. Per Messari, SOLO has a total supply of 400 million, roughly half of which is currently in circulation. Some 10% of initial supply was formally offered to the public, while roughly 35% resides with the project’s core development team.

What the bulls are saying

*Sologenic, via SOLO cards, hopes to bring the cash-back concept popularized by traditional credit cards into the crypto world, said The Motley Fool.

*“Sologenic is a sophisticated ecosystem disrupting the asset trading industry, utilizing the on-demand tokenization of a wide range of assets,” Forbes said.

*SOLO will be worth more than $11 in ten years, TechNewsLeader said.

What the bears are saying

*Any cryptocurrency focused on providing utility must have a baseline population to make its platform worth considering and right now Sologenic's problem, like a lot of other projects, is the lack of adoption, said Marko Mihajlović, a blockchain industry member writing in early 2022.

* Technical charts as of April 1, 2022, showed a slight divergence to the downside, meaning the prices may very well be in a bearish market, InvestingCube said.

*The value of SOLO was forecast to decline 3% by the end of the first week of April, CoinCodex said.