Topic: Is it advisable to invest on Solana? - page 2. (Read 1408 times)
You should rather avoid solana for now. Once solana was my top picked altcoin among others project as it was unlocked lots of possibilities by supporting smart contracts as well as decentralized apps, which could make it succesful. But after the hardly fall of solana, it makes its investors disappointed. It has less possibility to reborn, so not good choice for long timeframe but you can hold some portion of it, if interested
Well if you think Web3 games are going to be big, than I think it is still good to invest in Solana. It has launched Gameshift to make it easier for Web3 game development.
https://gameshift.solanalabs.com/
https://www.prnewswire.com/news-releases/solana-labs-introduces-gameshift-to-simplify-web3-game-production-301880066.html
https://gameshift.solanalabs.com/
https://www.prnewswire.com/news-releases/solana-labs-introduces-gameshift-to-simplify-web3-game-production-301880066.html
thats true seeing current circumstance of solana just doesn't seem like its gonna be rising anytime soon.
moreover it has rather been stagnant for quite some time.
the fact that some API providers are closing their service just means maybe the development in the solana blockchain isn't that great.
moreover I think it will be kept overshadowed by newer blockchain emerging though the fact that its market capitalisation still great stands still.
moreover it has rather been stagnant for quite some time.
the fact that some API providers are closing their service just means maybe the development in the solana blockchain isn't that great.
moreover I think it will be kept overshadowed by newer blockchain emerging though the fact that its market capitalisation still great stands still.
Solana had the opportunity to take the crypto world by storm. But it blew it with the constant network outages. On top of that, FTX's collapse added more pressure against SOL's market price. I doubt it will ever rise back to $200, unless developers get their act together. They need to solve Solana's network issues so that investors could gain confidence on the project once more.
With many competitors striving to beat down Ethereum, Solana will have a hard time catching up to its rivals. At least, the project is open source. The community might decide to fork off the original chain to make an improved version of their own. I'd love to see a stable Solana-based blockchain that would render ETH obsolete. Who knows if our dreams come true someday? Just my thoughts
The market volatility of Solana coin is very high compared to other coins. I don't consider this coin safe to invest as there is a chance of losing money anytime due to excessive volatility. I have done some future trading with this coin but no time I got success in future trading with this coin. One thing I noticed while trading this coin is that when the price of Bitcoin goes down, the value of this coin goes down a lot compared to Bitcoin, but when the price of Bitcoin goes up again, Solana Coin doesn't go up in value. Observing these things, I have refrained from trading now.
If you have more money left for investment, you can invest in this platform with some money.
If you have more money left for investment, you can invest in this platform with some money.
You can carry out your personal research before investing in Solana, so that you will have that confidence of holding your Solana long before you can sell to make a passive income because the price of Solana is too low in the market which it will take a long years before the price will reach $1000 which is the target of many holders right now. Since you said you will hold long, I will advise you to invest half of your money on Solana and invest the remaining money on Ethereum, so that you will know that you have something good to achieve from the two altcoins in the future. I will still invest on Solana because the price will definitely increase higher before the end of next year 2024 to allow their investors to make a good profits and be happy.
Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it. Thanks for your responses.
It better to move on from solana to others project. It can be considered as underrated project. Solana lovers may argue but i Don't think solana have enough fuel to start another Journey. Besides now lots of altcoins with new concept available. Meta, web3 and others category tokens are trading. So why Should invest this old one when you have better options available? Consider about itoverall i just don't consider solana as something thats worth investing anymore, besides there are more and more new coin emerging, remember that every changing of bullish cycle in bitcoin always bring changes towards these coins ranks in general moving around and being replaced by the new emerging coins. sticking to some coin that already lost its potential might be damaging your investment in general.
So far i am buying solana for swing trading only which is for short term only, I don't think solana can be survive as his performence like now, many newcomer has been development utility their coin same as solana ecosystem. Especially this coin ha been targeted by SEC lawsuit, so don't think about it for hold this for too long, we never know what will happen to this coin in the future, at least safe your money in the safe investment
Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it. Thanks for your responses.
It better to move on from solana to others project. It can be considered as underrated project. Solana lovers may argue but i Don't think solana have enough fuel to start another Journey. Besides now lots of altcoins with new concept available. Meta, web3 and others category tokens are trading. So why Should invest this old one when you have better options available? Consider about it 
wait until ftx 2.0 appear then maybe you will see some price change with this coin after all it was heavily influenced by that platform back then.
but honestly I have so much doubtful in regards of the prospect of this coin.
but honestly I have so much doubtful in regards of the prospect of this coin.
Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.
Thanks for your responses.
Thanks for your responses.
all altcoin that are in the top 100 on coinmarketcap including SOLANA are the right choice to invest at this time, because the market is correcting, so the price has fallen very far from the ATH price and this is your opportunity to invest in SOLANA at a low price (discount) and hold until the price increases again (market recovered), then I'm sure you will definitely get a big profit from investing in SOLANA at this time.
If you are buying to hold then Solana is the top choice in altcoin investment, but for yield farming or staking then I will say Solana is not the best choice right now because we have hard bad news coming from that aspect of the Solana network as one of their top API providers just announced a closer of service and that send a vad signal for investors.
thats true seeing current circumstance of solana just doesn't seem like its gonna be rising anytime soon.moreover it has rather been stagnant for quite some time.
the fact that some API providers are closing their service just means maybe the development in the solana blockchain isn't that great.
moreover I think it will be kept overshadowed by newer blockchain emerging though the fact that its market capitalisation still great stands still.
Solana, Neon Link, Cardano, Chain Link are the best projects on the market fr
Base on the current situation of the cryptocurrency market is on a good position to buy Solana Coin at a very cheap price and it has a future potential and is a Blockchain token and buy to hold for a long time is not a bad idea.
If you are buying to hold then Solana is the top choice in altcoin investment, but for yield farming or staking then I will say Solana is not the best choice right now because we have hard bad news coming from that aspect of the Solana network as one of their top API providers just announced a closer of service and that send a vad signal for investors.
Seems like SRM is pumping out of nowhere so yeah probably something is coming for SOL but dont forget that there is like 10% of that solana held by FTX until maybe the solana foundation vote on freezing those assets which they cant probably they might be dumped on innocent people head so I will say be wary and maybe just get in and out Make a strategy on how you want to trade it
Solana is still a top project in my opinion, yes, even though there are internal problems related to alamaida and FTX going bankrupt,
Solana is a project that is indeed strong, the proof is that they are still in the top 10 of Coinmarketcap and in my opinion,
investors also have no problem with SOL, and from that of course we can invest in SOL without worry.
Solana is a project that is indeed strong, the proof is that they are still in the top 10 of Coinmarketcap and in my opinion,
investors also have no problem with SOL, and from that of course we can invest in SOL without worry.
Investing in Solana can be considered as a potential opportunity, but it comes with both advantages and risks. Solana is a high-performance blockchain platform that has gained attention for its scalability and low transaction fees. It has seen significant growth and adoption, attracting developers and projects to build on its platform. However, like any investment, there are risks involved, such as regulatory uncertainties and market volatility. Although Solana will be a good investment don't invest what you cannot afford to lose, this is the rule of any investment decision.
Solana took another big hit, plummeting over 30% in just a matter of hours, dropping from $20 to $12.
I'm guessing this could be attributed to the SEC claim that Solana is a security in the Binance lawsuit.
I'm guessing this could be attributed to the SEC claim that Solana is a security in the Binance lawsuit.
This coin is security
https://www.theblock.co/post/233174/solana-matic-cardano-others-securities-sec-binance-lawsuit
It's very stupid to think this coin will able to achieve its ATH again. Overrated coin.
Yeah with this much hurdle, it's unlikely we'll see the $200+ ATH ever again. Quote
Those 12 tokens are BNB (BNB), Binance USD stablecoin (BUSD), Solana (SOL), Cardano (ADA), Polygon (MATIC), Filecoin (FIL), Cosmos Hub (ATOM), The Sandbox (SAND), Decentraland (MANA), Algorand (ALGO), Axie Infinity (AXS,) and Coti (COTI).
https://www.theblock.co/post/233174/solana-matic-cardano-others-securities-sec-binance-lawsuit
It's very stupid to think this coin will able to achieve its ATH again. Overrated coin.
Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.
Thanks for your responses.
Thanks for your responses.
of course its a good idea, because SOLANA already has a product and the product of SOLANA are already very popular at this time, so that makes the price of SOLANA can increase very high in the future and of course its makes SOLANA is one of the best altcoin to be used as a long-term investment.
solona network having some issue so they damage totally and no one was thinking that a coin with high demand and big ecosystem will suddenly fall to lower and lower. I think investing in solona is not safe now and we have to pick another coin. Aptos network is going strong. i will advise to research on Aptos ecosystem and then invest according to your fund. At now status solona is better .
Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.
Thanks for your responses.
Thanks for your responses.
of course its a good idea, because SOLANA already has a product and the product of SOLANA are already very popular at this time, so that makes the price of SOLANA can increase very high in the future and of course its makes SOLANA is one of the best altcoin to be used as a long-term investment.
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