Can Solana rise again? | Bitcointalksearch.org

Jackl87

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Quote from: gunhell16 on November 19, 2022, 01:49:40 AM

Do you think there is a high chance that Solana will be like what happened in FTX or is there any hope to recover?

I don't really think that Solana will completely collapse. I mean of course FTX was one of the biggest investors if not the biggest investor at all and therefore also obviously pushing and supporting Solana very much, but i think that Solana was to big already to complete go out of business just because one big investor and supporter is no more.
That being said, i am not so sure, if Solana is able to recover it's place among the most important cryptocurrencies again. It was an top 10 coin for a few years now and it's ATH was at more than 250$ per coin. I doubt that we will see such high prices again for 1 SOL even iin the next bull run, but we will see.

darewaller

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Quote from: Kelvinid on December 02, 2022, 09:20:56 AM

Quote from: Mr. Magkaisa on November 26, 2022, 11:41:08 PM

- Sometimes FUD is done differently on different platforms to create information that can destroy an altcoins in this era.

But even so, I know and I believe that they can survive or overcome whatever they are going through in the market. Yes, its value will be affected right now because of what happened with Ftx, but I just don't think that will be a big reason for its price to continue to fall in the market in my own opinion, especially since it's good the development that is happening now in Solana.

If you believe the FUDs, then you are also destroying your trust in crypto. But I see it is not the only thing we get from spreading it because it also retests our capability to decide what is right and what is wrong.

Whether Solan rises again or not, we can't blame the FUDs. It was just time to see and realized that Solana doesn't have the full market potential. Not to wonder why its price dropped because investors ignore and rejected this project. The demand is decreasing together with the market and the bear season helping it to drop more. This project will just rise if the developers will improve it.

That full market potential is the cause of SOL not being as high as it could be. Even in the bear market you get to see which coins do best, because while one could be down 50% other could be down 70% and right now SOL is down more than many others, which shows that its not just the bear market that dropped it, all coins drops but this one did more.

So, I guess that we will end up with something major in the long run that will cause it a trouble, its not out in the open yet and not obvious but it will get there. I imagine we will be seeing a lot more on the bull run, when that comes and SOL doesn't go up as much as others, that will make it more obvious.

fuguebtc

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Quote from: Silberman on December 02, 2022, 09:52:33 PM

Quote from: evichi on December 02, 2022, 06:57:08 PM

IMO, yes, it can, but it might a long time. Solana is built to have numerous use cases ranging from decentralized applications (dApps), decentralized finance (DeFi), NFTs as well as tradable in numerous exchanges. Though FTX exchange was a big supporter of Solana, Solana will experience fall in price but will pick up due to its numerous use cases that cuts across outside FTX space. People that hold Solana may sell due to panic, however, over time, with sensitization and good project promotion, Solana will recover in no distant time.

Solana can definitely rise again but this is not really the moment to try to outsmart the market and try such a risky move, this is the moment to play everything in a manner that is as safe as possible, so you either invest in bitcoin or keep your money in fiat waiting for the right opportunity to get back in the market, so investors which are interested in solana should give it time and let it reach its bottom, and once it does then they can finally begin to invest in solana once again if they want.

I'm not sure if Solana will be able to rise again but I can say with certainty that FTX crash didn't cause Solana to crash, FTX has a big effect on sol but they are still 2 separate individuals. Solana will continue to survive or will die is for them to decide, the bigger problem I see with solana is that their blockchain is really unstable and secure, the constant outages have caused many investors to lose faith in them.

I agree with you that this is not a good time to invest in sol or any altcoin, if you want to invest then just focus on bitcoin. The market is very risky at this time, we should stand outside and observe, not rush to invest.

jaberwock

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Quote from: Silberman on December 02, 2022, 09:52:33 PM

Solana can definitely rise again but this is not really the moment to try to outsmart the market and try such a risky move, this is the moment to play everything in a manner that is as safe as possible, so you either invest in bitcoin or keep your money in fiat waiting for the right opportunity to get back in the market, so investors which are interested in solana should give it time and let it reach its bottom, and once it does then they can finally begin to invest in solana once again if they want.

Yes, because we are still in a bear market and it would be weird if solana increase now while the rest of the coins are still in the same position. Some people won't be happy with that but it would be better if all the coins fairly increase together. At the moment, we can continue investing. Just good coins only and not those who have no utility because we can't get anything in return with them once this market returns to normal.

It is not wrong to have some money in fiat or in stable coins. We can use this to DCA further in case there are more dumps that will happen within this year. I don't advise waiting for the bottom without buying anything.

len01

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Quote from: worle1bm on December 03, 2022, 01:31:21 AM

FTX crash was big push to Solana but the development team behind is really working hard for its growth as they are not directly linked with FTX so in the long run it would not have much impact on it.There are some investors who are at the moment investing huge amounts in it as they believe it's best time to make money if they hold it for next 2-3 years and hopes are same but can't say with surety.

Solana's price has dropped dramatically due to 2 factors. bearish that hit the market and coupled with the crash that happened at FTX. no wonder Solana's price has dropped so much right now, but this is actually one of the opportunities for Solana fans to buy for less and I also believe that behind Solana there is a really good team of devs working hard to fix these issues. and I also agree with you that Solana is not fully involved in FTX so Solana still has a chance to rise again when the bullish season arrives

worle1bm

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FTX crash was big push to Solana but the development team behind is really working hard for its growth as they are not directly linked with FTX so in the long run it would not have much impact on it.There are some investors who are at the moment investing huge amounts in it as they believe it's best time to make money if they hold it for next 2-3 years and hopes are same but can't say with surety.

Silberman

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Quote from: evichi on December 02, 2022, 06:57:08 PM

IMO, yes, it can, but it might a long time. Solana is built to have numerous use cases ranging from decentralized applications (dApps), decentralized finance (DeFi), NFTs as well as tradable in numerous exchanges. Though FTX exchange was a big supporter of Solana, Solana will experience fall in price but will pick up due to its numerous use cases that cuts across outside FTX space. People that hold Solana may sell due to panic, however, over time, with sensitization and good project promotion, Solana will recover in no distant time.

Solana can definitely rise again but this is not really the moment to try to outsmart the market and try such a risky move, this is the moment to play everything in a manner that is as safe as possible, so you either invest in bitcoin or keep your money in fiat waiting for the right opportunity to get back in the market, so investors which are interested in solana should give it time and let it reach its bottom, and once it does then they can finally begin to invest in solana once again if they want.

OgNasty

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It's possible that Solana can rise from the ashes again. However, it hasn't fully burst into flames yet. FTX is still sitting on a ton of them and I'm sure they'll all be liquidated to try and recover something in their bankruptcy proceedings. Last I heard it was close to 15% of the entire outstanding amount of SOL that FTX will be dumping on the market. I can only imagine that will have an extremely negative effect on the price, perhaps dropping it below a dollar even. There's no reason to be holding SOL right now in my opinion. Wait until the final shoe drops. The risk just doesn't justify the potential reward.

evichi

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IMO, yes, it can, but it might a long time. Solana is built to have numerous use cases ranging from decentralized applications (dApps), decentralized finance (DeFi), NFTs as well as tradable in numerous exchanges. Though FTX exchange was a big supporter of Solana, Solana will experience fall in price but will pick up due to its numerous use cases that cuts across outside FTX space. People that hold Solana may sell due to panic, however, over time, with sensitization and good project promotion, Solana will recover in no distant time.

Ani1985

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Solana is a large project that enters the top ranking even ranked 4th, unfortunately the market conditions make the big correction of Solana, some problems such as slow networks make users impatient, but I'm sure Solana immediately rose and recovered again.

Kelvinid

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Quote from: Mr. Magkaisa on November 26, 2022, 11:41:08 PM

- Sometimes FUD is done differently on different platforms to create information that can destroy an altcoins in this era.

But even so, I know and I believe that they can survive or overcome whatever they are going through in the market. Yes, its value will be affected right now because of what happened with Ftx, but I just don't think that will be a big reason for its price to continue to fall in the market in my own opinion, especially since it's good the development that is happening now in Solana.

If you believe the FUDs, then you are also destroying your trust in crypto. But I see it is not the only thing we get from spreading it because it also retests our capability to decide what is right and what is wrong.

Whether Solan rises again or not, we can't blame the FUDs. It was just time to see and realized that Solana doesn't have the full market potential. Not to wonder why its price dropped because investors ignore and rejected this project. The demand is decreasing together with the market and the bear season helping it to drop more. This project will just rise if the developers will improve it.

posi

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Quote from: alexandr1115 on December 02, 2022, 07:34:49 AM

Quote from: albon on November 26, 2022, 11:47:54 AM

Most of what I have seen is that there are a lot of people talking negatively about Solana, after the collapse of the FTX platform and its bankruptcy, as Solana lost millions of dollars and Solana was unable to recover its balances, and I see that Solana coin has become a victim of this storm, as it lost more than half of its value in less than a month, frankly There will be a great risk in Solana coin investment, so everyone should not enter with big money. For me, I will invest a small amount in it, perhaps we will find something positive in its price in the short term that reflects all expectations.

that's right! The drop is also due to the fact that the Binance exchange has stopped accepting USDC and USDT deposits on the Solana blockchain without any explanation!! Also, the acceptance of USDC и USDT deposits in the Solana network was discontinued by exchanges under the names: OKX, Bybit, BitMEX, KuCoin, MXC и Crypto.com.

That is not the main reason for the recent slump of solana. Solana is considered the project most affected by the collapse of FTX because they are the largest investor and Sol's success has a significant contribution from FTX but I think Sol won't be able to die from the collapse of FTX because FTX is not the only investor in it. I do not appreciate Sol because their blockchain simply has too many inadequacies and they have not been able to fix it. Currently, according to statistics, Solana has the largest development team after ETH, showing that they are still working hard to develop themselves.

alexandr1115

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Quote from: albon on November 26, 2022, 11:47:54 AM

Most of what I have seen is that there are a lot of people talking negatively about Solana, after the collapse of the FTX platform and its bankruptcy, as Solana lost millions of dollars and Solana was unable to recover its balances, and I see that Solana coin has become a victim of this storm, as it lost more than half of its value in less than a month, frankly There will be a great risk in Solana coin investment, so everyone should not enter with big money. For me, I will invest a small amount in it, perhaps we will find something positive in its price in the short term that reflects all expectations.

that's right! The drop is also due to the fact that the Binance exchange has stopped accepting USDC and USDT deposits on the Solana blockchain without any explanation!! Also, the acceptance of USDC и USDT deposits in the Solana network was discontinued by exchanges under the names: OKX, Bybit, BitMEX, KuCoin, MXC и Crypto.com.

TastyChillySauce00

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Quote from: ?? on ??

This Solana price prediction is quite optimistic Cheesy

If we get hit by another bull wave in the next year I think it's not that far-fetched.

That's nice chart for 1 year prediction but i didn't even think the chart will be like that. It may needs at least a few years or until bitcoin will have done another halving again to decrease the block reward and inflation rate caused by miners. Solana needs bitcoin to be pumped so hard like what you have mentioned in the chart. Another bullwave is not likely to come in the next year. It may probably takes a few years to recover from the bottom yet we didn't know what's gonna happen for sure caused by it can be even shorter or longer due to the various factors that were affecting the price in the crypto. As long as the condition from another country will be steadily recovering from the recessions and im sure that if solana can rise again but touching new ath will not happen until bitcoin will do that first.

erk

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Quote from: Cling18 on November 27, 2022, 01:45:30 AM

The FTX issue has affected Solana real bad but I'm sure that things will still get better for it especially when the market goes into its recovery phase. Solana has built a good foundation already so it wouldn't crash continuously that easily. There will be investors who will doubt and would feel hesitant but I'm sure that it still has a huge potential to rise again. We only have to wait until the market recovers.

FTX dumped a lot of SOL which helped drag the price down.
That dump should be finished by now, and margin calls should have stabilized.

I don't believe there is anything fundamentally wrong with SOL and it's network, therefore it should crawl back up once this "dump everything flight to USD" cycle is finally over.

Cling18

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The FTX issue has affected Solana real bad but I'm sure that things will still get better for it especially when the market goes into its recovery phase. Solana has built a good foundation already so it wouldn't crash continuously that easily. There will be investors who will doubt and would feel hesitant but I'm sure that it still has a huge potential to rise again. We only have to wait until the market recovers.

Lambe Ndumble

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I was surprised when I saw the ranking of Solana at this time was ranked 14 which usually always entered the top 6 ranking, but the good thing was this week the price had gone up more than 9%, I was sure when the market began to improve then Solana would immediately skyrocket and enter the top 5 ranking .

Mr. Magkaisa

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- Sometimes FUD is done differently on different platforms to create information that can destroy an altcoins in this era.

But even so, I know and I believe that they can survive or overcome whatever they are going through in the market. Yes, its value will be affected right now because of what happened with Ftx, but I just don't think that will be a big reason for its price to continue to fall in the market in my own opinion, especially since it's good the development that is happening now in Solana.

OgNasty

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There is a lot of bad accusations surrounding Solana right now. I imagine that the price is headed lower in the near term. Having Google as a supporter was a great announcement for them, but the FTX drama and now Bitboy saying that it’s just the tip of the iceberg, I would be hesitant about investing anything in Solana right now. Sure, it could bounce back up, but it could also go to zero. I’d definitely wait until the hype train gets rolling again before considering touching Solana.

molsewid

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Quote from: fzkto on November 26, 2022, 01:07:21 PM

Quote from: albon on November 26, 2022, 11:47:54 AM

Most of what I have seen is that there are a lot of people talking negatively about Solana, after the collapse of the FTX platform and its bankruptcy, as Solana lost millions of dollars and Solana was unable to recover its balances, and I see that Solana coin has become a victim of this storm, as it lost more than half of its value in less than a month, frankly There will be a great risk in Solana coin investment, so everyone should not enter with big money. For me, I will invest a small amount in it, perhaps we will find something positive in its price in the short term that reflects all expectations.

Many people are just as negative about solana after this unfinished project experienced difficulties with their blockchain or because of scam applications that stole record amounts of money. So it's not surprising that even more people started to hate solana after FTX collapsed. I also think it's a dead project in the future and will quickly have a replacement.

That's what I am thinking as well, correct me if I'm wrong even though Solana is different project to FTX still everyone knows in the world that the major reason they are in that place is because of they are being backed by FTX which is already filed for bankruptcy and last time it is announced being hacked. Solana will take years before it can recover and they need to have other partner venture to continue the plan, it will be seems so impossible to happen but it is still possible just a proper execution and they need to learn from the past.

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