Is it advisable to invest on Solana? - page 3.

Ngemmeng

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Quote from: Chainsmokers on May 30, 2023, 10:59:43 AM

Quote from: Ngemmeng on May 29, 2023, 07:05:46 PM

I suggest that for long term investment you should choose ETH BNB or BTC. I see that SOL's credibility is currently declining, this is also evident from the price of SOL which continues to drop drastically and the ranking on CMC also drops. currently there are very few new projects on the SOL network, the last one is a meme coin called BONK which slightly increased the price of SOL but is now starting to fade.

If talking about the three coins, it is clear that there is no doubt and is very worthy for long-term investment,
and regarding Solana I still see it as a great project with potential,
I hope Solana can continue to grow and we'll see.

therefore I recommend investing in the 3 coins that I mentioned because the op said he wanted a long-term investment.
for short term investment I don't doubt the credibility of SOL, but for long term investment I think the credibility of the coins I mentioned is much better.

TheSpiral

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Solona has some issue with their network which affected its price badly. 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. I will prefer Aptos over Solona according to current condition.

poodle63

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This coin is security

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

SEC has been give you warn not to invest in the security coin. it doesn't have legalization. Binance is in trouble now. Solana will get long term impact. it may be also sued by SEC as well. Get ready for another down trend to come.

It's very stupid to think this coin will able to achieve its ATH again. Overrated coin.

podluznyj

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Quote from: Chriskelani on April 19, 2023, 05:27:28 AM

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.

In 2021, the Solana coin reached a price high of $259.96. After its value began to decline, and the SOL token turned out to be in a bearish trend, in which, like other cryptocurrencies (including BTC and ETH), it remains to this day. According to the aggregator CoinGecko, the price of Solana has already lost 91% from the maximum reached in November 2021 by today. I would recommend storing bitcoin, it is more reliable.

jaberwock

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Quote from: lkjhg on May 30, 2023, 05:29:53 AM

Quote from: Chriskelani on April 19, 2023, 05:27:28 AM

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.

Solana is a good project, only because FTX went bankrupt, SOL is affected, but we have to know how fundamental SOLANA is itself,
moreover, they are also building smart phones and will be launching soon,
so this is an answer to the community that SOLANA is not dead yet and is ready to be hot again in market, the bullish is getting closer don't let you not buy SOL.

I think before the FTX collapse, Solana is already experiencing some issues, and many people are already showing their disappointment towards it. FTX only fueled it, making the coin more devast than ever. However, Solana building a smartphone must be the first time in the history of crypto though there are already companies like Samsung and Motorola who introduce a crypto powered smartphone.

The phone is basically a hardware wallet, with some crypto apps in it. The bull run is getting closer but don't forget that Solana is not only the coin that is available on this market but this market is so vast. We have better candidates available out there.

smile1218

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Solana is a high performance block chain with a fast transaction speed and much lower fees, which makes it attractive to investors. It has an impressive technology and ecosystem. It is hard to give advise about investments because still you will decide for yourself, crypto market is very volatile and unpredictable, the prices fluctuates very rapidly. Though Solana had shown a significant growth potential it is up to you if you will consider invest with it.

Chainsmokers

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Quote from: Ngemmeng on May 29, 2023, 07:05:46 PM

I suggest that for long term investment you should choose ETH BNB or BTC. I see that SOL's credibility is currently declining, this is also evident from the price of SOL which continues to drop drastically and the ranking on CMC also drops. currently there are very few new projects on the SOL network, the last one is a meme coin called BONK which slightly increased the price of SOL but is now starting to fade.

If talking about the three coins, it is clear that there is no doubt and is very worthy for long-term investment,
and regarding Solana I still see it as a great project with potential,
I hope Solana can continue to grow and we'll see.

Tessyb

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Investing in the cryptocurrency space is a hard decision, I must say. Especially when you choose to invest for a long duration. The issue is that after a while and your expectations seems not to be close you may get uncomfortable with the investing period and choose to cash out only for the project to pump in few days. This seems to be my experience and I'll need everyone to be mindful of issues of this nature.

Moshi Moshi

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Even though Solana was affected by the bankruptcy of FTX, in my opinion, Solana is still very good for investment,
moreover, the development of SOL is still ongoing, I myself am still holding SOL even though it was down -50% when I bought it.

lkjhg

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Quote from: Chriskelani on April 19, 2023, 05:27:28 AM

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.

Solana is a good project, only because FTX went bankrupt, SOL is affected, but we have to know how fundamental SOLANA is itself,
moreover, they are also building smart phones and will be launching soon,
so this is an answer to the community that SOLANA is not dead yet and is ready to be hot again in market, the bullish is getting closer don't let you not buy SOL.

Godday

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Currently Solana has fallen tens of times its price at ATH times. I see Solana doesn't have as strong credibility as some other altcoins like BNB and ARB. I would not like Solana if I had few other options.

Ngemmeng

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I suggest that for long term investment you should choose ETH BNB or BTC. I see that SOL's credibility is currently declining, this is also evident from the price of SOL which continues to drop drastically and the ranking on CMC also drops. currently there are very few new projects on the SOL network, the last one is a meme coin called BONK which slightly increased the price of SOL but is now starting to fade.

RussianEnglishTranslation

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Quote from: Chriskelani on April 19, 2023, 05:27:28 AM

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.

Solana is on the WEF list of approved crypto projects so it won't fail. The same is true for Celo. I also like Q Blockchain, which is regulatory compliant.

barlo357

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Quote from: TastyChillySauce00 on May 28, 2023, 11:15:36 AM

Quote from: barlo357 on May 27, 2023, 02:07:43 PM

Does the FTX still has Solana holdings? LMAO! I won't buy it until the FTX still hold those. It would be a waste if its utility will not be use because the name of FTX is still glued to it.

FTX doesn't have solana anymore. It's has been dumping to the market. I don't know about vesting sol that probably still owned by FTX but it will be also seized by the regulartors if there are remaining sol that vested.

Investing in solana is good enough since there have been a lot of tokens already in ciculation.

I'm just making sure so that I would consider buying solana at its juicy price and make profits again when the time comes, but I think buying aptos is a better choice compared to solana.

bitkanu

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Quote from: barlo357 on May 27, 2023, 02:07:43 PM

Does the FTX still has Solana holdings? LMAO! I won't buy it until the FTX still hold those. It would be a waste if its utility will not be use because the name of FTX is still glued to it.

quite fair point right there, there's no reason at all trusting project that have relation with this company that has already collapsed due to incompetent of investment management, so we will not repeat the same mistake.

TastyChillySauce00

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Quote from: barlo357 on May 27, 2023, 02:07:43 PM

Does the FTX still has Solana holdings? LMAO! I won't buy it until the FTX still hold those. It would be a waste if its utility will not be use because the name of FTX is still glued to it.

FTX doesn't have solana anymore. It's has been dumping to the market. I don't know about vesting sol that probably still owned by FTX but it will be also seized by the regulartors if there are remaining sol that vested.

Investing in solana is good enough since there have been a lot of tokens already in ciculation.

bittick

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Quote from: Humility4sure on May 28, 2023, 12:24:45 AM

Buying Solana and holding for a long time is not advisable as so many things have gone wrong. Infact, I personally did invest in Solana when it was in it's peak and have been holding for a while hoping that the value improves, but it's not forthcoming.

that's really too bad, solana is indeed a thing of the past, it was so popular back then that it got massive increase but nowadays, it's no better than the second layer coins, in term of potential, there's nothing left.

huu78

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Quote from: usekevin on April 29, 2023, 12:52:23 PM

As like the BNB most of the crypto traders had their holding in the Solana,because it was expected to reach the value of 100 dollars in short period of time.Still the price of the Solana was in the good pump of 23 dollars.It was expected to rise to the 50 dollars in the end of the June.So that the price of Solana will reach the 100 dollars at the end of the year.Since the demand of Solana was high due to the transaction fee of some new coin based on the Solana network.The USDT also had the withdraw through the Solana in the binance itself.So their was good demand for the Solana in the binance itself.

Predicting the future price of any cryptocurrency can be challenging and speculative. While there may be expectations and projections in the market, it's important to approach them with caution. Cryptocurrency markets are highly volatile and can be influenced by various factors, including market sentiment, investor demand, regulatory changes, and overall market conditions.

Humility4sure

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Buying Solana and holding for a long time is not advisable as so many things have gone wrong. Infact, I personally did invest in Solana when it was in it's peak and have been holding for a while hoping that the value improves, but it's not forthcoming.

JeffBrad12

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solana nowadays sounds like a waste of time, so many new projects appearing, meanwhile solana hasn't yet recovered from the fact that it got massive dumps when the ftx collapse happening in which means maybe its got not potential left.
so many l2 are now coming up which might give opportunity of flipping your money or maybe giving away some life changing chance of turning our initial measly capital into some massive money.
meanwhile solana will just become stagnant honestly.

Quote from: barlo357 on May 27, 2023, 02:07:43 PM

Does the FTX still has Solana holdings? LMAO! I won't buy it until the FTX still hold those. It would be a waste if its utility will not be use because the name of FTX is still glued to it.

that's red flag right there, despite the fact that ftx is right now rumoured to make some comeback, i don't think the project that's within the umbrella of ftx is any good.

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