Does Solana have a future? - page 5.

Webetcoins

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Quote from: Abiky on March 18, 2022, 01:28:37 PM

What do you think about this project? Will it have a future? If not, why? Your input will be greatly appreciated. Thanks in advance.

must have a future. just look at networks that don't have a lot of active dapps can still survive in the market. Wave, EOS, stellar and other smart contract projects are still on the market. so don't be afraid Solana will die or have no future. this year is solana year, the project is growing very fast and the price of SOL coin is rising through ATH. although they still have problems, but it's not serious enough.

If the networks that don't have a lot of project had survive then why not solana when solana has a lot of projects but the reason why the networks that you mention have survive is because they are not new here anymore but they have done a lot of contributions in the past.

Not sure if solana is old enough but I have not seen solana hyped before so you could be right that it was not the time for solana to shine. It's a late bloomer. What problems does solana have again? Never heard of it but that can be minor only and not really serious which can affect the development of the coin. There's no coin here anyway that are perfect with no issues.

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Price drops I think is normal for any coin, it's not a serious threat to a cryptocurrency project.
As long as Solana is still being developed by developers, then there is good potential for Solana's future, regarding the performance of Solana's network I can't doubt it, it could be that the Solana network will become the No.1 network in the future replacing ethereum if the solana project is able to attract the community for their project.

solana won't be able to shift ethereum because there are still quite a lot of bugs encountered in solana. Solana network may in the future be one of the most popular networks but Ethereum cannot be replaced by Solana because Ethereum is the first altcoin to adopt smart contracts.

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The devs rushed a bit to run the mainnet without fully testing the capabilities and now they are facing issues solving some of the new problems.
In time they might get over it and set everything in order so the Solana chain could exist. Diversity in crypto is a good thing.

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Quote from: Abiky on March 18, 2022, 01:28:37 PM

What do you think about this project? Will it have a future? If not, why? Your input will be greatly appreciated. Thanks in advance.

2021, Solana becomes a bright star of the market. However, for those who follow Solana, it can be seen that the ecosystem is not having much growth, even declining recently.
IMO, I still rate SOL as one of the potential and long-term investment projects. Of course, the SOL development team needs to work even harder to fix the problems that SOL is having. SOL as well as other projects are still very young compared to ETH. No project is 100% perfect so SOL needs more time to perfect itself.

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Quote from: Abiky on March 18, 2022, 01:28:37 PM

What do you think about this project? Will it have a future? If not, why? Your input will be greatly appreciated. Thanks in advance.

Solana has great potential if it is seen from the project performance that is so professional.
From several angles as a project analysis, Solana is quite feasible to be used as an investment for the long term because the platform is quite good at managing their ecosystem.
So far, Solana has been able to compete with several network projects such as Binance Smartchain or Matic.
In fact, in my opinion, Solana is in second place after ethereum as the best network project in cryptocurrency.
This is because their network is almost perfect, and even continues to be developed to this day.
When it comes to prices, to consider the current price it doesn't matter because the market is indeed in a downtrend, we are here for the long future.

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Grayscale investment launches Solana, Avalanche, Polygon and Cardano Smart Contract Fund.
Grayscale, is a cryptocurrency asset management company, is adding non-Ethereum smart contract tokens to its line of investment funds. The Grayscale Smart Contract Platform ex Ethereum fund, or GSCPxE, let investors participate in some of the most popular smart contract networks and Ethereum sidechains. Solana, Cardano, Avalanche, Polkadot, Polygon and Stellar are among the altcoins included in the fund.

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Price drops I think is normal for any coin, it's not a serious threat to a cryptocurrency project.
As long as Solana is still being developed by developers, then there is good potential for Solana's future, regarding the performance of Solana's network I can't doubt it, it could be that the Solana network will become the No.1 network in the future replacing ethereum if the solana project is able to attract the community for their project.

Yes, you are right citing it was a normal market situation but as we talk about in the future, that is something different. We have to see the performance of the project, what happens now or even in the past days will also matter to predict what possibly happens in the future. Unfortunately, Solana doesn't have an impressive performance which makes some investors think negatively about this and even doubtful of its capabilities. Not even to think it surpass ETH, that is impossible.

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Quote from: sulis sudibyo on March 18, 2022, 02:31:49 PM

their main problem is dealing with frequent network outages. but I think it can be worked out in the future, and I'm sure they're trying to work around that. So if asked if SOL has a future, I think yes. they have a future, maybe among other blockchain network projects SOL has a better future.

I agree that they have a big future ahead in the blockchain technology though they have some issues network congestion lately but still they are promising project out there and still believe they will rise up to its next ATH. Its just a matter of time that Solana will be one of leading blockchain technology in the crypto space.

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I think the future is always the same for any altcoin. Except of course for really good projects, but there is only one so far, and that is Ethereum. All the other projects come and go, it happens all the time year after year. I think that in time a new Solana will come along, which will be much better than the current one. History always repeats itself.

Abiky

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Quote from: sulis sudibyo on March 18, 2022, 02:31:49 PM

their main problem is dealing with frequent network outages. but I think it can be worked out in the future, and I'm sure they're trying to work around that. So if asked if SOL has a future, I think yes. they have a future, maybe among other blockchain network projects SOL has a better future.

Believe me, frequent network outages are a pain in the head. It's like trying to use a credit card whose transactions get declined for no reason. A broken system will definitely scare away investors and traders alike. Luckily, Solana is an open source project so it's easy for anyone to make it bigger, better, and stronger than ever. The project has potential to take away the "De-Fi" world by storm. It'll be up to developers (and the community itself) to do the right thing. Otherwise, Solana will continue to decline in price until it fades away into oblivion.

Right now things look "bleak" for Solana, so we cannot determine how it'll perform in the future. As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Just my thoughts Grin

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Quote from: cryptoaddictchie on March 23, 2022, 03:56:53 AM

Im not fan of solana especially with their numerous shutdown, its obvious that they arent performing well when it comes to their network and shows how centralized their platform that the network needed to be offline for a long period of time. Its a dissapointment to some users and even other connecting platform of course. I think the marketcap has been manipulated by some whales yhatd why it still going forward but if youll ask me Id rather used avalanche, fantom, bsc or matic.

Just hit and run with Solana coin without as fans with keep holding this coin, I think several altcoin is not worth as long term holding trough have reach higher price I will sell it, have some investor keep holding because most interested with Solana coin without see between how much percent ROI from first Solana launched to public, I think not have to make some coin as long term holding on our portfolio trough get profit sell it and find the other coin to earn profit back without as long term holder.

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Quote from: Abiky on March 18, 2022, 01:28:37 PM

What do you think about this project? Will it have a future? If not, why? Your input will be greatly appreciated. Thanks in advance.

Im not fan of solana especially with their numerous shutdown, its obvious that they arent performing well when it comes to their network and shows how centralized their platform that the network needed to be offline for a long period of time. Its a dissapointment to some users and even other connecting platform of course. I think the marketcap has been manipulated by some whales yhatd why it still going forward but if youll ask me Id rather used avalanche, fantom, bsc or matic.

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Quote from: newdevices on March 22, 2022, 04:14:02 AM

Quote from: mumang siat on March 22, 2022, 12:45:01 AM

Quote from: Abiky on March 18, 2022, 01:28:37 PM

2021 proved to be the biggest year for Solana as the cryptocurrency reached new All-time-highs in price. Mainstream adoption was flowing like never before, with new projects joining in the craze. What made Solana extremely successful at the time was its highly-performing blockchain network (blazing-fast speeds and ultra-low fees unlike any other blockchain in existence). But the recent number of network outages caused prices to sink to the point where Solana is far from its latest All-time-high. It's no wonder since security/reliability is the key towards any project's success.

That said, there might still be hope for Solana if developers continue to improve the network to help prevent further outages from occurring again. Helping build new technologies take time to make them as rock-solid as possible. If all goes well, we might see a better version of Solana 10 years from now.

What do you think about this project? Will it have a future? If not, why? Your input will be greatly appreciated. Thanks in advance.

Solana became an idol in 2021 for altcoins, because solana was able to get better that year, plus the network they use has a good adoption rate, transaction speed and affordable fees, thus placing solana in the top altcoins as the most sought after, for my future I think solana still has a chance to repeat the same thing, but due to the current unfavorable market conditions, it will take time for solana to achieve results like in 2021

Solana's achievements in 2021 are truly extraordinary and of course with that many people hope to be back like that,
but indeed we also have to be realistic with the current conditions where not only solana but a lot of coins will be quite difficult to achieve the best results,
The most important thing is to continue to follow developments and hope that market conditions can return to stability

Solana is truly extraordinary in 2021, this altcoin is able to be out of pressure, resulting in a maximum selling value, but because this year the market is at a low point, Solana is back on a bad path, still looking at developments for the future for Solana , if the opportunity to strengthen like in 2021 exists, then make the next purchase, because I am sure Solana will return to a good path in the future

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Quote from: Abiky on March 18, 2022, 01:28:37 PM

2021 proved to be the biggest year for Solana as the cryptocurrency reached new All-time-highs in price. Mainstream adoption was flowing like never before, with new projects joining in the craze. What made Solana extremely successful at the time was its highly-performing blockchain network (blazing-fast speeds and ultra-low fees unlike any other blockchain in existence). But the recent number of network outages caused prices to sink to the point where Solana is far from its latest All-time-high. It's no wonder since security/reliability is the key towards any project's success.

That said, there might still be hope for Solana if developers continue to improve the network to help prevent further outages from occurring again. Helping build new technologies take time to make them as rock-solid as possible. If all goes well, we might see a better version of Solana 10 years from now.

What do you think about this project? Will it have a future? If not, why? Your input will be greatly appreciated. Thanks in advance.

The Solana blockchain will develop well in the future, it will even be more powerful than the Litecoin blockchain. Even SOL coins have a much higher volume compared to Litecoin. If the volume is high, of course the level of transactions in the exchange is also high.

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Quote from: menoiazei on March 18, 2022, 01:42:20 PM

IMO Solana is dead

https://cryptoslate.com/solanas-wormhole-bridge-gets-hacked-for-80k-eth/

Do we then say Solana is at the mercy of it's hackers? I still don't want to believe Solana is completely dead until it's developers give up on their quest to recover what was stolen. I think it might take another longer time to salvage the current loss and will also stir panic around it's investors but can't still be a ground to say it's completely dead

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Quote from: JayTrain on March 21, 2022, 02:45:08 PM

as far as I know, the project is quite young, and it is already in the top 10 CMC, many projects have been trying to do this for many years, so solana has set the price high, further development of this blockchain depends on users and projects that will work in this network

Being in the top ten of Coinmarketcap.com doesn’t really guarantee future success of a project. SOL is not the first cryptocurrency to reach top ten quickly after being released, we have seen that happen a lot of times. I think what really matters is the ability of the developers to keep it at the top.

Pointing out to what the op said, a lot of people did lose interest when the system had some issues and it caused the price to fall, but it seems to be doing well now, so we can see something good likely awaits in the future. I would be happy to see it reach a high price, more than a 100%, let’s say by next year or two.

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Solana have a good future, even during last year it was propagating with a little difference, so i may say why people is emphasising that some of the altcoins don't really have future again is because of fluctuations, regulations and determination of cryptocurrency speculation this year, as from when i know Solana it has a gravity of investment, so it has future, the only challenges that affect all cryptocurrencies is Bitcoin market stagnant.

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The answer is very clear yes Cheesy

and I'm pretty sure about it.
They were quite good last year and indeed they are still experiencing a decline but this is still in a reasonable stage because this is indeed the impact of the BTC correction.
I think the projects there are still quite good so far and indeed they are currently in quite good interest because in the mirror from 2021 ago I feel they will definitely develop even more in the years to come

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The hype is gone, there are better options to invest in. Solana received a lot of attention and investment in its early days, but they didn't manage the process well enough. Currently, many people regard the project as dead, and this will not be easy to change.
If we can enter a good bull period, of course, it will gain value, but it is debatable how good it will be to invest at the moment

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Well, I think you should not discount the Solana blockchain. I am sure the developers have drawn conclusions after the latest news and are correcting their developments for the better. So soon we will see good changes again and I think everything will be fine.

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