Can Solana rise again? - page 3. | Bitcointalksearch.org

Maidak

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Quote from: TastyChillySauce00 on November 20, 2022, 06:48:00 PM

FTX's token has been experiencing steady decline since the collapse from the exchange site. FTT is always going down along with solana. I can even imagine what's gonna happen with solana when the price will be reaching zero value. FTX has still owned bunch of solana which has not yet got liquidity. Im sure that liquidators will be liquidating all of remaining assets owned by sol despite the hacked that happened with it. I would prefer to call that as insider hack rather than a hack conducted by a real hacker.

The price will be dipping even deeper than before. The dead of solana is ahead of us. I just avoid to buy any tokens that strongly affiliate with FTX at this moment. It's very risky investment pretty much the same like doing future.

As far as I know FTX invests and will get about 58 million Sol tokens and it will be allocated until 2025 which means they also won't be able to get a chance to dump Sol in one go. FTX is Sol's biggest investor, not the blockchain operator solana. So whether Sol will continue to develop or stop is the decision of their team, not the decision of FTX. I don't like Sol because it's too centralized, but judging by it I still believe it can get through this tough period.

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Quote from: kurniawan05 on November 20, 2022, 07:06:18 PM

So much FUD for Solana these past few weeks, some even predict solana price will drop at $5, I think as long as Team Solana and their community are solid, their technology is good and they are able to overcome this crisis, by then I think solana price will recover.

Many panicked and if we look at the trend of Solana being almost the same as FTX a few days ago so that Solana dropped significantly, I hope Solana can recover and strengthen again, now attacking each other the founders of cryptocurrencies and exchanges is so massive that it hurts the market.

kurniawan05

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So much FUD for Solana these past few weeks, some even predict solana price will drop at $5, I think as long as Team Solana and their community are solid, their technology is good and they are able to overcome this crisis, by then I think solana price will recover.

TastyChillySauce00

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FTX's token has been experiencing steady decline since the collapse from the exchange site. FTT is always going down along with solana. I can even imagine what's gonna happen with solana when the price will be reaching zero value. FTX has still owned bunch of solana which has not yet got liquidity. Im sure that liquidators will be liquidating all of remaining assets owned by sol despite the hacked that happened with it. I would prefer to call that as insider hack rather than a hack conducted by a real hacker.

The price will be dipping even deeper than before. The dead of solana is ahead of us. I just avoid to buy any tokens that strongly affiliate with FTX at this moment. It's very risky investment pretty much the same like doing future.

lalabotax

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In my opinion, if there are no other projects similarly that will be hyped in the bullish era, Solana may have a bigger chance to rise up again. But, if there are some or any, well, this may be difficult. Because many people like more the new ones that is in hype to make some short-term investment. Do you remember that many good projects in the bullish era of 2017 failed to rise up again in the bullish era previously? Because they were likely replaced by the new ones with better technology and startegy. The goal is only to earn profits, but not for long-term investment. However, the Solana project is actually interesting and good enough. But, they also still have some problems to be fixed so that any more people will put their trust in Solana.

Rana590

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Quote from: zasad@ on November 20, 2022, 01:14:02 PM

Unfortunately, it is very difficult to make investment decisions after reading these articles. Solana is a buy because the price of this coin could rise to $100-$200 in the next bull market. But if you believe that aptos will kill solana, then you should not invest in it. If the price of the coin drops to $8, I will probably take the risk and buy the coin in the long term.

It is very much possible to reach $100 for Solana within next 1 year. I think Solana will be able to recover its price very soon. It is a golden time for us to buy Solana at a lower price. I don't think price will fall more than current price. I'm still buying Solana and obviously I'll buy more if it drops under $10.

zasad@

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Unfortunately, it is very difficult to make investment decisions after reading these articles. Solana is a buy because the price of this coin could rise to $100-$200 in the next bull market. But if you believe that aptos will kill solana, then you should not invest in it. If the price of the coin drops to $8, I will probably take the risk and buy the coin in the long term.

Yatsan

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If it is chance in its broadest sense, yes it has a tendency to recover simply because it has a community of users already. And what happened recently just pulled its market price down, and that is really unexpected. My friends are traders for years and they expected a pump before the incident. Other traders as well predicted the opposite of what happened. Solana is here in this industry for years and previous pumps, it was often carried away so yes, it may still rise once bull run enter this market. The problem is assurance that it would. But if it is just chances, higher chance that it would. Solana chain is being used on different utilities, in the first place. So for those who are holding, keep going and wait if you can endure the situation of this moment.

merekamo

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Overall, not only SOLANA was affected, almost all altcoins fell due to the FTX problem. Because indeed all investors are waiting for the time to invest again in crypto.

If we look at recent crypto projects, in phase Q4 there are actually many projects that will be launching. But because of the FTX case, now the crypto project is waiting for the market situation to return to normal.

I don't know the relationship between Sam Bankman Fried and Solana. Last I read, the Solana team hadn't mentioned anything about the financial problems SOL was facing due to FTX.

Although the original price of SOL was low, but they still had a good ICO to recover quickly and this will help with the economic situation, but right now many people doubt that Solana can fix it economically. We hope everything returns to normal soon.

Sayeds56

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Quote from: Tony116 on November 19, 2022, 06:20:20 PM

Not only Solana is facing a lot of difficulties when their biggest investor, FTX, has collapsed, besides, Solana's blockchain also has too many potential risks, if I remember correctly it has had outages 9 times this year and sadly they have not been able to fix this problem. This is unacceptable for a blockchain that is rated as the top in the market.

Solana won't die for FTX, although FTX is a major sponsor and contributor to Sol's success, FTX is not the only investor in Sol. Sol will really come back or not is up to them, as long as their blockchain gets better and better then other big investors will notice. One more thing, Sol's ICO price of 0.1$ means they are still very overvalued in the market, I predict it will continue to decrease in the near term.

The recovery of SOLANA depends on its team who need to work hard to find new partnerships and improve their block chain which had been shut down many times due to technical issues. This outage was the beginning of SOLANA decline & collapse of FTX added fuel to the fire otherwise SOLANA had made huge progress to build strong use case of their coin during the past 2 years. SOLANA is still one of the top 10 block chain with highest transaction speed which is its strength and gives it competitive edge.

Tony116

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Not only Solana is facing a lot of difficulties when their biggest investor, FTX, has collapsed, besides, Solana's blockchain also has too many potential risks, if I remember correctly it has had outages 9 times this year and sadly they have not been able to fix this problem. This is unacceptable for a blockchain that is rated as the top in the market.

Solana won't die for FTX, although FTX is a major sponsor and contributor to Sol's success, FTX is not the only investor in Sol. Sol will really come back or not is up to them, as long as their blockchain gets better and better then other big investors will notice. One more thing, Sol's ICO price of 0.1$ means they are still very overvalued in the market, I predict it will continue to decrease in the near term.

o48o

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I honestly think that their exposure to ftx was a minor issue that's affecting only to price and not Solana fundamentals (Unless something new gets revealed about their illegal price manipulation tactics or something).

But unfortunately fundamentals alone are enough for keeping it down. Vulnerabilities in a multi-billion marketcap project on which the whole essence should be about security is just fatal blow for getting any serious reputation. In fact that turns down so many institutional and serious players i can't see a way out for sol. It doesn't matter if SOL fanboys still see a change if everything is fixed when the reputation is tainted.

serjent05

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Solana needs to tackle and solve the problem of its security. Leaving it as that will only lose the confidence of the crypto investors. About FTX, it is really regretful to have one of the supporting company to get bankrupt, though I do not think that the SOL held by FTX will be in circulation soon because as far as I know, their funds are somehow frozen, there is no immediate dump for FTX of its Solana holdings.

Quote from: crzy on November 19, 2022, 03:53:42 PM

They need to make a good improvements and prove that they will not ended up with the same faith of FTX.
SOL can still rise but for now they have to suffer since the market are still down and there’s still a lot of FUD because of the FTX issues. If SOL will focus more on the security and good updates, many investors will trust them again and that’s a good sign of recovery, this will take time.

I agree, Solana needs to deliver and fix their security issue. I think it is the major one that is holding Solana back. Solana had already a huge community, the Dev just need good news and update in order for Solana market to recover.

crzy

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Quote from: Sayeds56 on November 19, 2022, 08:26:54 AM

Yes! It is possible in the long term but not in the mid to short term, the current circumstances of market and lack of any competitive advantage doesn't favor its quick price recovery. The slump we see in SOLANA is mainly spillover effect of FTX because of its close affiliation. The wounds market got from FTX collapse will continue bleeding for sometime until some macro level good news starts healing it.

They need to make a good improvements and prove that they will not ended up with the same faith of FTX.
SOL can still rise but for now they have to suffer since the market are still down and there’s still a lot of FUD because of the FTX issues. If SOL will focus more on the security and good updates, many investors will trust them again and that’s a good sign of recovery, this will take time.

Jating

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Quote from: BIT-BENDER on November 19, 2022, 03:14:40 PM

I think Solana still have hope. Infact some Crypto-currency enthusiast I respect so much are seeing this as an opportunity, well don't get your guard down make sure you do your own research. I think Solana what greatly involved in FTX exchange and what is experiencing right now is a mixture of the already poor market and the events unfolding on FTX exchange.

Well that's what everyone is saying, or at least the people behind involved in a project that goes down. The thing with Solana is that there have been a lot of negative news, like Hacks and then the whole FTX in which their name is being drag.

Quote from: BIT-BENDER on November 19, 2022, 03:14:40 PM

I think Solana has a large community and since it's not an official coin of the FTX exchange it can definitely bounce back, generally coins in the crypto space now aren't having the best of times.

And that big community as well will tilt the balance in the other side if they see that Solana is a big risk to put their money right now.

BIT-BENDER

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I think Solana still have hope. Infact some Crypto-currency enthusiast I respect so much are seeing this as an opportunity, well don't get your guard down make sure you do your own research. I think Solana what greatly involved in FTX exchange and what is experiencing right now is a mixture of the already poor market and the events unfolding on FTX exchange.

I think Solana has a large community and since it's not an official coin of the FTX exchange it can definitely bounce back, generally coins in the crypto space now aren't having the best of times.

rhomelmabini

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Quote from: tbct_mt2 on November 19, 2022, 08:13:27 AM

Quote from: rhomelmabini on November 19, 2022, 08:05:11 AM

Imagine if it goes to the $3 buyzone of SBF, it could hit harder in the defi space and other space for Solana and it may instill fear onto the market. Moreover, they still has huge treasury and I think failing isn't on the mind of Solana founders, has huge community as well as developers developing in it, can handle huge TPS as an L1 and many more, maybe NFT community too.

We can take the buy zone of SBF to consider a bottom for $SOL but Solana is not FTX and FTT token that are more connected to SBF and Alameda.

Solana is a different project and if their developers can resolve its technical drawbacks and if it can survive in this bear market which might last one more year, Solana will be able to rise again in a new bull run.

When a new bull run begins? It will be warmed up in late 2023 and will take off in 2024, maybe in Q2 2024. One more year to know about future of Solana and please keep it away from SBF and FTX.

Yes, I totally understand that, it's just for an instance in the worst-case scenario and everything is possible when the market is fearful. We don't really know when will the market recover but as I've said, Solana will surely live. SBF and FTX are surely out of the picture here but with the drama they created, it will surely have a bad imprint in the space.

Sayeds56

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Yes! It is possible in the long term but not in the mid to short term, the current circumstances of market and lack of any competitive advantage doesn't favor its quick price recovery. The slump we see in SOLANA is mainly spillover effect of FTX because of its close affiliation. The wounds market got from FTX collapse will continue bleeding for sometime until some macro level good news starts healing it.

ultrloa

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Quote from: Dave1 on November 19, 2022, 04:11:38 AM

Quote from: GreatArkansas on November 19, 2022, 03:01:16 AM

For me, it was normal that Solana experienced a huge dump because yeah FTX exchange is a big backer of Solana, and Solana for FTX exchange is like a BNB of Binance or CRO of Crypto.com
So for me, now that FTX exchange already filed bankruptcy and Alameda too. Solana is still here because it's not the same on what happened on Luna Ecosystem which it is direct issue with the project, Solana is different.

Yes, it could be very different scenario for Solana, but still though, they have been drag in this issues that it might take sometime for them to recovery (that is if they can bounce back).

So for me personally, this is not a financial advise, but I will stir clear of Solana for the meantime, until everything settles down a bit as the market is clearly very crazy because of this FTX collapse and everyone is very edgy on it's feet.

Maybe their relation creates some panic to their investors but since SOL is still alive and kicking for sure it still have possibilities that it will rise up. This one is still place in top alts so for sure FTX controversy will be nothing once great recovery will happen(bull run) since for sure many people will forget about those issues.

For now maybe the holders of SOL decrease but once it is slowly recovering for sure those past holders will comeback to get some profits for holding or investing back again.

tbct_mt2

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Quote from: rhomelmabini on November 19, 2022, 08:05:11 AM

Imagine if it goes to the $3 buyzone of SBF, it could hit harder in the defi space and other space for Solana and it may instill fear onto the market. Moreover, they still has huge treasury and I think failing isn't on the mind of Solana founders, has huge community as well as developers developing in it, can handle huge TPS as an L1 and many more, maybe NFT community too.

We can take the buy zone of SBF to consider a bottom for $SOL but Solana is not FTX and FTT token that are more connected to SBF and Alameda.

Solana is a different project and if their developers can resolve its technical drawbacks and if it can survive in this bear market which might last one more year, Solana will be able to rise again in a new bull run.

When a new bull run begins? It will be warmed up in late 2023 and will take off in 2024, maybe in Q2 2024. One more year to know about future of Solana and please keep it away from SBF and FTX.

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