Is Solana a good investment in this 2022?

Rufsilf

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Quote from: merekamo on September 20, 2022, 10:10:19 PM

This is one of the interesting topics, moreover as more news about Solana's speed and low fee structure spreads, more and more new projects can choose Solana over Ethereum.

However, with the incident when the Solana Foundation tweeted that its network was experiencing instability.

Since then I have started to hesitate to invest in Solana, especially since many of their plans are still in the beta testing stage. I don't think this is the right time to invest in Solana.

Not a really an interesting topic though.
People will either choose Solana or ignore them based on what they saw in the market. Well, I'm not really certain to social media talking about Solana but what I really did is to check the market performance as this is how I assess the project and fortunately, I can say it was a promising project like ETH which is ideal for long-term investment.

Pejoh Asu

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Many think that Solana continues to be pump so that it can survive, for me this is normal because the developer must have a big capital for pump and maintaining the project, Solana is a good coin and we are worthy of making long -term investment.

RussianEnglishTranslation

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The year isn't over yet. I see us having a quick bullrun at the end of September until the mid-term elections in November. Democrats won't let the market crash before the elections, it would make them loose them. After November or in late November I do see an everything crash but cryptos will rise from the ashes, especially ones with life changing tech like: XRP- the new financial system, ICP- the new internet, UTNP- smart cities.

merekamo

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This is one of the interesting topics, moreover as more news about Solana's speed and low fee structure spreads, more and more new projects can choose Solana over Ethereum.

However, with the incident when the Solana Foundation tweeted that its network was experiencing instability.

Since then I have started to hesitate to invest in Solana, especially since many of their plans are still in the beta testing stage. I don't think this is the right time to invest in Solana.

GeorgeJohn

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Quote from: Natalim on September 20, 2022, 04:48:42 PM

Predictions can be wrong, always. But what makes this prediction is to help people understand what might probably happen to the project/s. Many experts just pop up and give their opinions on a certain project. Well, it was in our discretion to believe that was close to reality or just making hype as in many cases it was used to manipulate the minds of the investors. Whether it was right or wrong but I see Solana will move high in the future due to its market potential, not because of someone who does the manipulation.

Wrong prediction do lure people who is not ready to invest a coin to invest. And again it's not good give someone a false information over something you are not sure of. So some people who predict the future of cryptocurrency even though they are an expert in trading and their prediction still backfires, sometimes they hype a bad project to influence people purchase with their fake prediction in order to make to purchase that particular project. All this are things that made to work on my chart. And if everyone is making effort to examine the chart of cryptocurrency nobody will be fooled with fake prediction.

Sanitough

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Quote from: Sweetbtc on September 13, 2022, 12:52:23 PM

If the market remains bullish then maybe we see Solona above 50$. but if the market remains bearish then we may not see 50$ this year. Solona is famous for its NFT marketplace.

Solana is certainly a good investment. But the fact that everything in this altcoin market is very dependent on the price of bitcoin, then it’s for certain that solana will only become profitable too once bitcoin creates another positive price increase. That will only be possible if the bear market starts to end so we can see the bullish part of the season.

Natalim

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Quote from: GeorgeJohn on September 20, 2022, 04:38:38 PM

Quote from: Belinda1732 on September 10, 2022, 11:50:50 AM

Some analysts predict solana will soar in 2022, will it actually happen? considering the crypto inflation.

here is my Reference: https://priceprediction.net/en/price-prediction/solana

I don't believe in so many predictions concerning cryptocurrency, because I know that the genesis of cryptocurrency rising up and going down it's determine by the bitcoin, if the price of any altcoins should skyrocket it's for the detriment of the people who invest on it. I believe that it's the people who is projecting the project are respond of it's acceleration. Solana is a good project, and it's can be possible for it to easily have a good support.

Predictions can be wrong, always. But what makes this prediction is to help people understand what might probably happen to the project/s. Many experts just pop up and give their opinions on a certain project. Well, it was in our discretion to believe that was close to reality or just making hype as in many cases it was used to manipulate the minds of the investors. Whether it was right or wrong but I see Solana will move high in the future due to its market potential, not because of someone who does the manipulation.

GeorgeJohn

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Quote from: Belinda1732 on September 10, 2022, 11:50:50 AM

Some analysts predict solana will soar in 2022, will it actually happen? considering the crypto inflation.

here is my Reference: https://priceprediction.net/en/price-prediction/solana

I don't believe in so many predictions concerning cryptocurrency, because I know that the genesis of cryptocurrency rising up and going down it's determine by the bitcoin, if the price of any altcoins should skyrocket it's for the detriment of the people who invest on it. I believe that it's the people who is projecting the project are respond of it's acceleration. Solana is a good project, and it's can be possible for it to easily have a good support.

imfrommetaverse

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Yeah, Solana and Tokens builded on Solana too. For example, you can check Amulet Protocol - the first decentralized risk protection protocol for Rust-based ecosystems. The project will run initially on the Solana blockchain and provide a cover solution for everyone in Web3.

Also they have bounty programm now (AmuNation App is application for the AmuNation to make it fun and appealing to promote our project while being rewarded with AmuPoints that can be collected and exchanged for eye-watering rewards. ) where you can win allocation for token sale and it will be good investment!

abralzain17

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Quote from: abralzain17 on September 13, 2022, 02:56:38 PM

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We know that once Solana is a very popular coin and has a great demand. That's why, I invest in this coin at the price 30$ to 35$. And I get a little profit. Again I invest and still holding solana coin.

I think solana is only good as a store of value or to store assets owned, not for investing in solana. What I noticed was that Solana was only a coin that was running in place, the increase was not large and the price decline was also a little small despite the current market conditions. Thus, I think that the Solana coin is only suitable for storing assets owned and is the same as a stable coin, namely USDT

Can I ask, are you serious? Is solana a suitable platform for storing values?, First time I heard someone say that altcoins are the right store of value. No altcoin is a store of value other than bitcoin, altcoins are for investing and making profit, once they are no longer profitable they are removed from your portfolio.

I said it very seriously and that's a condition that I have to make sure, I only see Solana in the current market conditions, try to see, Isn't Solana's price going down not far from its previous value? that's my belief that solana is only suitable for storing assets.

lvsca

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we are already in late Q3 and it is nearing the end of the year. What we are waiting for is usually at the end of the year but before december, if it happens then this prediction is right. but I'm not sure if this year because there is no sign of bull market will appear in the market while coins with large volumes like Solana always follow the market trend.

pgbit

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Solana is the most underrated cryptocurrency at the moment. It's in constant downfall. But that doesn't mean the power it has is gone.their are many NFT that are being minted on solana,s network.solana is a top 10 coin in term of overall market cap,which is really significant.the potential of solana powerful for developers and fast for everyone.the speed and scalability is also very good.solana really revolutionizing the payments the world, Defi and much more.the other reason that why you need to invest in this currency include.its the fastest crypto currency on the block.transaction are really cheap.Solana's blockchain is widely used. Solana has its own NFT marketplace. Many people buy and sell NFT here because the transaction fees are very low. Solana has its own wallet called phantom. More than two million people use it. This means that there is a lot of demand. Moreover, once the bear market ends, the price of Solana will increase and experts consider Solana to be the Ethereum killer. So investment in Solana in 2022 can prove to be an excellent investment.

alik111

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Solana is not in a very cheap rate. If you see the previous chart is was more higher price. So I think it could be a great option to invest on Solana in this bear market. It will surely pump very soon according to TA.

Abiky

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Quote from: danherbias07 on September 15, 2022, 06:47:30 AM

From $200 to $100 to $40 and now playing at $30-35.
It's always like this whenever a popular project is dumped, we want to buy it cheap and expect it to rise again. The only problem is, that it's not Bitcoin.
When it comes to altcoins the risk included is higher even at waiting for a year or two.
It's still crypto winter so yes there's a chance but don't expect too much and also in a faster method. The fruits might bear at longer periods.
If you have time, go look for something else.

SOL dumped real hard because of the bear market and constant network outages. Unless developers come with something new and fresh, I don't think SOL's going anywhere soon. Whales could pump the price, though. But without mainstream demand for SOL, the gains will only be short-lived. Personally, I don't think Solana is a good investment in 2022. There are far better options that are much more reliable with decentralization in mind. Instead of picking Solana, I'd advise anyone to invest into both Cardano and Polygon (MATIC) for the long term. These are rock-solid projects with a proven track record of development and innovation. They never had an outage (as far as I know), so they're as reliable as you can think of. No one can predict crypto market prices, so it's up to you to play it safe by diversifying your investment into prominent cryptocurrency projects that are built to last. Just my thoughts Grin

Fredomago

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Quote from: Hypnosis00 on September 17, 2022, 08:43:54 AM

Quote from: Belinda1732 on September 10, 2022, 11:50:50 AM

Some analysts predict solana will soar in 2022, will it actually happen? considering the crypto inflation.

here is my Reference: https://priceprediction.net/en/price-prediction/solana

I have no argument when talking about the potentiality of this project but if we talk about it will soar this year, I tend to disagree with this. We are totally in the bear season, no coins will ever pump and make a rally without a good reason, and hype was not considered good but kinda be a trap. And I don't think also that hype will happen.

For I know and believe that Solana will become valuable in the future but this project still relies on the market trend. It only pumps when Bitcoin moves high just like the other altcoins.

Better to rely with success and good development compared to a hype that cause by pump and dump, the next thing to see if that happens is to have a total fall that may create fears to most holders, we can all speculate and project how the asset will progress along the way, it's just a matter of good decision making when picking or selecting a project to invest your money.

More on how you will take the risk and how responsible you are in doing your research to have a much broader knowledge
about the coin that you use for your investment,.

Solana, alongside with other project have their own opportunities to grow, but it's only time who can tell to when certain asset will
pump strong.

Anguwa

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Quote from: Belinda1732 on September 10, 2022, 11:50:50 AM

Some analysts predict solana will soar in 2022, will it actually happen? considering the crypto inflation.

here is my Reference: https://priceprediction.net/en/price-prediction/solana

If I had the opportunity to invest today, Solana would be one of the first projects I would invest in because I have such faith in the project. Solana is a very good project with a very strong and decent team that is eager to make the project one of the top projects following Bitcoin, Etherium, and BNB. This current market condition has impacted Solana as well as other coins, but I am confident that it will return to or exceed its all-time high value.

thecodebear

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nah Solana is dead long term. Over the course of this year, seeing as how the network constantly breaks like every couple of weeks, Solana has shown that something is simply broken in how they made it. If it was just that first time it broke last November and then they fixed it that would be one thing. But it just kept happening again and again and again month after month after month. Solana simply doesn't work. It got hyped up last summer on some NFT stuff but that was it. Then since late last year it became the least reliable network. A crypto platform ain't worth much if you can't even keep it up and running.

bonyaserg

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I believe that the Solana coin has its own potential, which will be revealed in the near future. And all holders of the Solana coin will receive their profit. So, if you have Solana coins, I think this is a great investment for the future. Since there have been a lot of predictions around this coin lately. So let's hope for the success of this coin.

Hypnosis00

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Quote from: Belinda1732 on September 10, 2022, 11:50:50 AM

Some analysts predict solana will soar in 2022, will it actually happen? considering the crypto inflation.

here is my Reference: https://priceprediction.net/en/price-prediction/solana

I have no argument when talking about the potentiality of this project but if we talk about it will soar this year, I tend to disagree with this. We are totally in the bear season, no coins will ever pump and make a rally without a good reason, and hype was not considered good but kinda be a trap. And I don't think also that hype will happen.

For I know and believe that Solana will become valuable in the future but this project still relies on the market trend. It only pumps when Bitcoin moves high just like the other altcoins.

icalical

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If the question was "is it still good?" then the answer is yes, for right now, they still in the top 10 marketcap, and the development and growth of the project itself is still decent. But then again, some issue has been raised in the solana platform, and if it keeps happening then people could lose their trust. Afterall, it's your money, so you should put more time and effort to do your own research, all replies in this thread is just small insight.

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