Topic: Is Solana full of hype? (Read 545 times)

Most people are blind enough to see what's behind Solana, since they're only following the hype. Decentralization is what it's all about in order to make crypto/Blockchain tech work as intended. The limited distribution of SOL and the centralized design of the network itself, tells us that we should look for other options. Who'd want to use a chain that's subject to constant network disruptions? Businesses and merchants want something that's stable and reliable. Not something that can go down periodically.

Something similar happened to IOTA where the network came to a halt of couple of times. Now it's "dead lost" behind other coins in market cap, as people moved on to other big things in crypto. The same might happen to Solana if developers don't take decentralization seriously. You can see why so many "Ethereum Killers" have been unable to beat Ethereum after all these years. Without decentralization among alternative chains, there's really no competitor against ETH. Who knows what will be of Solana within the next 5-10 years? Just my thoughts

I don't think Solana is completely hype but rather the network which is considered the Ethereum killer so far, many expect the Solana network to solve the problems that have existed on the Ethereum network. But lately Solana has had problems with her network, if Solana doesn't fix her network, it's not impossible that Solana will only be hype in the future.

Hypes are normal for crypto market. And solana is a growing network. Might not be as large as reaching $250+ a few months ago but still a coin with potential. People saw the potential and as a lot of them realized and a lot more followed the trend, it was overbought and overhyped leading to a problem in its network.  I think below $100 would still be a great price for people to buy solana.

Your account was registered at the end of August 2017, so I assume that you were not aware of the situation around EOS, Tron and NEO at that time. The reasoning you put forth sounds exactly like that. At that time, the three projects were predicted to do exactly the same thing, admittedly there was no Metaverse at that time, but ICO and Defi, and all of them were predicted to have better chance to race for the two megathemes than Ethereum. Today we know, Ethereum won the race and the three mentioned projects are no longer relevant at all.

Meme trends? are you serious? don't even you watch solanium and you will be seeing what kind of projects that lanunched on solana? i guess that if you're only saying without try to do any research before. It's clear that so many projects that got launched on SOL was not meme tokens. and I rarely seen meme tokens launched on solana like BSC. That proves that what you are saying was totally wrong.

Meme trend are only giving small impact to solana network and do you know what we are talking about right now? it seems like that you didn't even read the thread before try to wring a post about that. What you are talking about was totally BS and you didn't even know what problem that faced by solana.   You can do better by reading the main topic rather than create BS like this.

Solana network is not stable as of now. If you try to buy or sell any of game NFT's or resources you may notice many times your transactions may fail. It is full of shit and people hyped it just because of its speed. They are still in beta so they may improve later on but currently in very bad shape this network.

If we take into account that the Solana network is one of the best, NFT game devs have it in their sights, however we have to take into account that whenever there is a network like BSC we know that it is very well backed by BNB, and BNB is a guarantee of binance, which speaks very well and represents great confidence for everyone. I don't see that Solana is a hype, it is a currency that has a lot of community and there are quite a few people who are sending their remittances to others through the Solana network because their fee is very low.

Projects published on sol networks are usually meme trends. Meme trends are very fast to hype, and I think SOL is also affected by meme trends in their network. so that solana looks like it becomes a coin fomo only. But, it must be recognized if Solana is one of the best blockchain networks. I think #2 after BSC.

If Solana develops the technology on a metaverse scale, I think it will survive in the next two or three years as we know Solana is a blockchain platform that has a growing ecosystem and will become an ETH killer, it just takes time Solana will take over the hype market

I'm afraid only quite a handful of investors today actually worry about essential things like decentralization, privacy, anonymity, etc, many of the investors we have today are more or less "get rich quick" investors that'll worry about nothing but to make fast profits/get rich. Personally when I'm dealing with crypto, I usually avoid coins that are 'centralized', I use digital currencies for many reasons, of which decentralization happens to be one very important reason, so if a coin isn't assuring me decentralization, I do not use it, and that's why I actually haven't bought any Solana. Having said that, I've followed the coins progress, and I must say quite a lot of investors are enthused by the project as it has pumped of recent, but Investors must still be careful, I'll not call it a complete hype, but people investing should put only what they can afford to lose cause there could be a big dump sooner or later.

I bet that when the NFT hype is over, Solana will also gradually become less and less important (NFT will stay, but sooner or later the topic will be overtaken by another hype, like many hypes before). Currently I can't find any information on how Solana will reduce its strong centrality without losing its speed advantages. I would be very surprised if Solana is still in the top 10 crypto projects in two three years.

I would guess that people are still hoping for it to get better and can use it without any breaks. However, even if they could, that is not the point and the centralization is the important part but they keep missing that point.

I kind of understand the idea though, people feel like Vitalik turned ETH into centralized, and BNB was Binance's coin all along, and XRP was too, LTC had Charlie and all kinds of centralization. I do not think that there are too many coins with "true" decentralization, sure there are some but not a lot and that is why I feel like we are not seeing people be bothered by SOL being so centralized, they are used to it by now.

Solana is a project with great potential, included in the top 10 CMC, but I still think that such projects should work 100% in terms of blockchain, too often there are breakdowns in the network, which is not acceptable for a project that is included in the top CMC. I hope the developers will fix this network once and for all, and we will not observe similar breakdowns.

Solana does not yet have a proper working web wallet that can be used for all their apps.

When you first install it, a simple act as "adding" a token will cost you a fee in Sol. Not only is it centralized in terms of the consensus mechanism, it is extremely centralized in terms of distribution. Most of the Solana is held by VCs and other backers who got their tokens for pennies.

The pump has mainly been due to some big names putting their weight behind it, which as usual led to retail sheep buying it up with dreams in their eyes. Needless to say that those hopes evaporated with the drop in prices.

On top of all this, the blockchain has now "stopped" producing blocks at 2 instances for days together. At such time, the developers just "restart" the chain. All along this time, retail and small players remain stuck while the "developers" can easily provide access to the bigger players on their own terms (Its majorly owned by VCs).

If Solana is the future of blockchain, then it is a clear indication that this space will surely go to zero.

Exactly. These so-called Ethereum killers are nothing more than a sham. Why'd you want low fees and blazing-fast TX confirmation times if the underlying blockchain is subject to disruptions and/or attacks because of its centralized design? Solana may have reached that far in terms of price, but if network outages persist, then it'll go down the drain at a very fast pace.

Right now, SOL is valued at $90 (USD) from an All-time-high of more than $200 per coin. It's the seventh-largest cryptocurrency by market cap, sitting behind Ethereum, Cardano, BNB, and the others. If developers don't prioritize decentralization, then Solana may become another EOS or TRON. These last two are forgotten by the community due to their heavily-centralized design. May this be a lesson to noobs that crypto is all about decentralization and censorship-resistance (not convenience/ease-of-use). Who knows what will be of the hyped Solana project within a couple of years from now? Just my opinion

Current bear market should be different from previous ones as we have seen massive adaption by Institutions during the past year which in principle should reduce volatility of Bitcoin. I strongly believe that Solana has great future because their team has done remarkable job to enhance transaction speed and addition of new futures likes, NFTs and Metaverse, The only issue with Solana is sustainability of its network during congestion which has failed many times during the  past months. I trust the team is capable  resolve this issue soon.

Yeah but this problem must be solved as soon as possible. You can't even speculate if people will be stay with this blockchain if this blockchain will always gets shutdown anytime. What in the hell people  who wanna try to use the blockchain that was always getting cloged and it's non decentralized as when it gets massives amounts of transactions and the blockchain itself can't handle it and the result is blockchain was getting down and down anytime.
Remember that even loyal supporter can change their mind if the blockchain will always be showing very bad performance. I expect some people may avoid to use this blockchain if this problem will not be solved soon.
let's see what will be happening with solana.

Every cryptocurrency requires a level of hype for marketing purpose otherwise investors will get bored and feel that the Devs are not working so Solana also have been hyped but I won't use the term "full of hype" I reserve that term for scam projects that have nothing to offer.
Solana's price will be affected negatively if network disruptions persist but I don't think the developers will allow that to continue to happen.
The major advantage of Solana is the cheap txs fee and also fast txs time over Ethereum, I read somewhere that if ETH high gas fees persist Solana is likely to takeover the NFT market place.

I dont know how the bear market will look this time if we have a supercycle because bear market reveals a lot about overvalued project, I feel some top projects like Solana and near maybe overvalued and large token held by team and partners. The adoption of Solana has increase in the last 12 months and  I feel high marketcap is an advantage for a project with solid developers and investors 

Well previously it was full of hype but afterwards SOL become so weak and cant even recovered from the dip like what happened to some NFTs in the market such SLP band axie after the hypes. So for me in my personal opinion we cannot tell if its still the same once the market fully recovered because you know everything changed and it's been how many months.. So let's see if it's still have potential to make hypes.

It's true that right now they are not only hype, but their project is quite promising in my opinion.
their transaction capacity is 50,000 per second CMIIW and with this the Solana platform can help usher in a new generation of scalable blockchain based programs with real world utility.
Besides that, the platform's advantages in speed and transaction capacity can help maintain momentum so that they stay strong and get noticed by others and most importantly, their gas is quite friendly and this makes them loved and in demand.

Yes! The whole development of Solana kind of reminds me of EOS, NEO and TRON four five years back. Back then, the projects were massively hyped and dubbed as Ethereum killers, even though it was already known at the time that they were too centralized. Today, these projects hardly play a role in current developments. It's exactly the same with Solana now. Everyone calls it an Ethereum killer because it is significantly faster and cheaper, but also makes big sacrifices in decentralization, which sometimes leads to the chain having to be stopped (which is a complete joke with cryptocurrencies). I believe that Solana will have the same situation as the above-mentioned projects.

I think Solana still has great potential to be better than now, many predictions believe that Solana can beat BSC so many people speculate to invest in Solana and I also invest in Solana and of course hope Solana can skyrocket again.

Yeah that's it  but it must not make the blockchain to be shutdown for a while for so many times. I never seen that happened with another blockchain like ethereum even ethereum got so many spam aspect as well and there's something wrong with it. I guess that this was a horrible thing. What will be happening if the spam attack will be happening forever? that will be disrupting the users of blockchain.


The developers is seeking for the best solution to be implemented but im sure that this gonna be a long term solution. This blockchain was full with hype and people never expected the blockchain to get shut down so many times.

What I know is that there are too many spam transactions on the sol network which makes transactions slow, solana for me is one of the most secure and convenient blockchains to use, but if these transaction failures continue in the future, of course, Solana will lose its price and trust investors will be dimmed if the incident keeps repeating itself.
I hope the developer really takes this seriously otherwise his position will be replaced by a better altcoin.

from the start solana still doesn't deserve to be compared to ethereum. their network is still having some problems, some times they are having very influential network problems. but compared to other new networks, i agree solana to be one that is growing very fast.

Every projects in crypto space is full of hype either meme coins, DeFI, NFT and so on but solana is way better than so many, it has what it takes to be on the top 10 lists of the best coins in crypto space, if you are a holder I suggest you have some patience because this project stil have a long way to go, it's definitely a project everyone should hold

Solana carries the technology developed by Bitcoin, namely POH, I see Solana claiming technology and some early investors need to know who the real inventor of POH technology is.
Solana hype? I don't think so because the solana blockchain is really fast and other project developers are currently using the solana blockchain, this is what is driving solana's price up.

I think the same, also to be a pump it would already be or would have the classification of a bubble and it is not, I think that Solana is well articulated, and by September 2022 it will be a fundamental piece for the development of the metaverses, and if everything goes for the Metaverses, both Solana and the Polygon network, will be very well accepted, and just doing some solana transactions implies a fee of 0.001 Sol, which is very cheap, this in countries like Venezuela is something very profitable for those who live from remittances, because when using this network it is fast, cheap and that is what most people are looking for. I think that's a prime reason why it keeps coming up.

The reason while everyone is considering and always emphasised on Solana, is because of it's decrement during this few time experience of bear market, Solana doesn't fall to am extreme like other cryptocurrencies, so it seems that it has a tangible potentiality, but you can not use it and compare to ethereum potentiality, irrespective of it's domination, so you can not compare a developing coin with a coin that has already taken ground.

Solana has fundamentals, and it is strong enough. This is one of the networks that are until now is also still operating, being used by many more projects.
However, we also know there are several other competitors. We don't want to say that Solana is bad, actually, I like Solana's network and moreover it has been spreading. But once more, it may need more time to develop.
At that time, Solana is very popular with its new ways of the network, until now it is still.
But we all know how the current market. Not only Solana, but we can also see that all altcoins are dropped and crashed so much.
We can just say that as long as their team can maintain, develop, and also do some progress on this network, I am sure that at least, this can survive from this crashed market and will be better again.

it certainly is, so many smart contracts platform out there that are having significantly lesser problems compared with solana, if i’m given a chance in term of choosing best smart contract platforms for long term investment, i'd
matic and luna. I've observed solana and I could see that only very few of their projects are actually becoming famous and gaining success meanwhile in matic there are so many projects each day being released and most of them are
quality NFT projects and metaverses that could be gaining standing in the future basically making it more prospective and promising alternative of investment, solana in this side really falls behind.

I can imagine the frustration of having to deal with several network outages in a row. People will simply lose confidence in the project until developers do something about it. This is a lesson to all of us, that it's not about convenience/ease-of-use but rather decentralization/security/reliability. Solana is already losing traction with the bear market, so if network outages keep up, the coin will become worthless in the future. There are better projects with security/reliability in mind. Ethereum may be expensive and slow to use at times, but it's the most decentralized altcoin on the planet. This will only ensure that the Blockchain will last a lifetime no matter what. If other projects copied Bitcoin and Ethereum's model, they would've had a better chance of survival.

For what I know, Solana is full of hype. Developers aren't taking security/reliability/decentralization seriously so I fail to see how this project will become a widespread success in the long run. Who knows what will be of Solana as the competition becomes fierce in the crypto/Blockchain space? Just my thoughts

I don't think if Solana is full with hype.
So many people are investing in this blockchain based on their research and we know that Solana has been getting funding by so many venture capital as well. That's why the price of Solana is quite high right now.
None knows about that but as you can see even there are some blockchains that got hacked so many times are still exists caused by the loyal supporters. Just because the blockchain shutdown and it doesn't mean solana will die as soon as possible. There shall be some adjustment to the Solana blockchain but it seems like the capability of sol blockchain to handle bunch of transactions are not so good. it seems like that another update will come to fix this. I'm actively using this blockchain and it's fast and cheap but I can't deny the shutdown created fear.

IMO, I think it's true because Solana was just a newcomer to this industry but if we look closer now into the platform's achievement we cannot ignore its popularity and strong community support thats why Solana is full of hype because they manage to reach that huge achievement in just as early as today, unlike Ethereum because the platform has struggled so much to achieve what it is today.

https://twitter.com/markjeffrey/status/1485099559852199936?
"Another day, another 48 hour #Solana outage.

This is like the sixth time this has happened in 3 months.

I have zero faith in it now.  It is the new EOS.

The fight is now between ETH, BSC, Fantom, Avalanche and Terra."

Many experts see no future in similar ecosystems because they haven't been stress tested yet. I think this is not the last bug in this ecosystem.

Although Solana has shown remakable performance during the past one year and its price has gone up many many folds which reflects hard work of its team who made this chain one of the fastest ( more than 50,000 transactions/second) but  I think Solana is overpriced when we look at its networks performance which shuts down from time due to technical reasons despite being De-centralized which raises many questions. Network outage is a serious issue which can damage its reputation.

I’m not sure, obviously it’s come from nowhere with a very low price to being one of the main coins people talk about. Some people mention it as the next ETH. I’m just not so sure, it’s had several outages & tgey just can’t continue to repeat or it’ll go to zero.

It all depends on personal choice, there are so many investors who wouldn’t mind whether it is decentralized or not. And the community has been growing since the project was launched. Although the disruption that it had did make some investors to lose confidence in it, and that is the problem you would have when a platform is not decentralized, security becomes a problem. Personally I don’t think it is all about hype, normally a project like this would go through a hype phase, but as time goes on it will reach a time when we would get to know whether it’s all about hype or not.

Rather than hype, it is full of growth and popularity that makes people discuss as well as go upon Solana investment during this season. When the cryptocurrency market started to drop downwards there were much discussion on the potential altcoins. In that category Solana topped the list apart from Ada, palkodot, polygan and more others.

Solana has reached its ATH value above $260 have come down close to $60. This seems to be the reason why more people started to show interest over Solana during this season. Now it has recovered a little and trading around $100.

The promises that they gave to people are really cool. I am not going to lie, if SOL team delivered on their promises then it would have been something marvelous and they would have been one of the top coins, probably reach at least third place.

However, as you have said they are not really delivering on their promises and that is the main problem. Not that there is anything wrong with what they have right now, their capabilities are fine, but they promised more and this causes problems when people force it. If they can fix it all and have a working product exactly as they hoped for, then it will not be full of hype, but for the time being, they do not have that and it looks like full of hype only.

You got that right. The project hasn't been able to deliver concrete results, other than being hyped up by its supporters. It's only been on the top because of the low fees and ultra-high performance. Considering that Solana has been a victim of several network disruptions, I don't think it's a blockchain to be "played with". People want something that's secure and reliable, not something that can go down periodically (like it's the case with Solana today). If network disruptions/outages keep up, I'm afraid SOL will go all the way down the drain at a very fast pace. Ethereum may be more expensive and slower to use than Solana, but it's safer and reliable than most projects out there in the crypto/Blockchain space.

As you said before, there are other competing chains with a "De-Fi" network stronger than Solana's. With ETH 2.0 around the corner, these chains will quickly lose traction on the market. Who knows if this will mean the end of Solana in the future? Just my opinion

No, I do not think so but maybe people back time are only busy on the mainstream cryptos and often look down the coins that they think not really important or coins that are undervalued. We have lots of those coins and those coins are now a rising start today.

I think that those people are now regretting and maybe they are now embracing this coins even if its already a little late. If there is something that is hyped I think that will be the meme coins because these kind of coins have nothing important to offer and maybe we can add in the nft's.

I do not know why some useless image and selfies can be worth a millions of dollars. I think the people that buys it are already out of his mind.

I don't think so it is just hype. Solana is a good project, the team behind this project is quite good.
Another thing that I am pissed off with Solana is their issue about times, this is not the first time, I think already 2nd or 3rd time already?
So, this is one of their biggest problems of theirs.

Another issue is most of the projects under the Solana network, it seems VCs are just making money to small investors.

But yeah, it seems we are just in wrong timing, with recent dumps, most of the altcoins are also affected even Solana.

I also believe that this is not hype. As we can see, some trading platforms are already including SOL network and you can differentiate that they do have cheaper fees if you compare it to the popular ETH network. So for me, it is not a hype. They have working network and even gambling casinos are already using it. So this coin, I think, has better chance to grow in the coming days. If you are investing, I prefer this coin rather than meme coin or token. At least with SOL, they have use case in the market and we are already seeing it.

Full with hype and i will say yes. People keep buying when they know the reality if this blockchain was not decentralized and thousands of nodes that already stated before totally BS. The congestion was happening but it didn't mean if that can make the blockchain shutdown for a while. I think that there are so many old projects that got hyped like this before. If the problem will be still around for long term and it may become another disaster for sure. I don't even know what reason to make people keep buying this centralized blockchain with potentially shutdown on its blockchain.
Im not hater but this indicates if what already stated before totally bull shit. If the blockchain can still get another shutdown due to the high amounts of transactions in the network and can it be used for massive adoption? It may make blockchain shutdown for long term.

solana is definitely not hype. It performed very well in a very short time and came at a very good price. Even marginal coins have experienced serious decreases in the current market. Bitcoin fell hard, ethereum fell sharply. Of course, solana also suffered from these falls. These drops do not indicate that this cryptocurrency is hype. On the contrary, I think it will rise with even higher potential in the future.

SOL is indeed a great project, and hyping this one is very normal especially in cryptomarket where good projects always have a good spot. The drop is simply because of the bear trend with Bitcoin but it doesn’t mean the the bubble already burst with SOL, the price will recover again and its really good to see some green candles again but too early to celebrate. SOL can really compete, this is a good technology that can be a big threat for ETH.

Maybe now would be a perfect time for those who wants to invest in the Solana market as the price continues to dip. The altcoins market is expected to go into another bullish trend, anytime this year, so now would be the perfect time for the investment in this market and hold it for a long term. If we should see another bull run it is quite that possible that the SOL value will be getting passed the last all time high price of over $200. Despite that there are people who don’t like the fact that it is centralized, but that has not been able to stop the growth of the SOL market.

I can't say that Solana has gained a lot because of the hype maybe that time it was pumping was in a time when most of the projects that were hyped are gaining but Solana is different. People did appreciate the use case of the project that's why its value gained by almost 3x from its previous market value. It is still a good project that's why it made on the list of the top 10 crypto's exists. I could not also compare it to BSC and Ethereum because these crypto have their own kind of uses.

Maybe it is. But solana always go down and has many failure on their server. Imagine a platform with so huge in user base and suddenly its down. It shows a centralized approach of solana, yes its good and efficient but they should avoid and increase their security features so users wont jump to other l1 out there.

I think BSC is more centralized than Solana. Still people are investing in different projects running on BSC and some have given higher returns. Solana is still in development phase, it hyped because of a few NFT projects. Untill the NFT craze fades away till then you can expect it to pump. At the moment since the whole market is in red therefore the price is falling.

No, Solana is not full of hype, since it has achieved a strong network effect and its ecosystem has a significant total value locked (TVL). Solana also has enormous throughput and a good team of developers. The problem with this network is its susceptibility to DDoS attacks. The founder has indicated that this is not a problem, but if the financial system is to run on top of the protocol, it would thus be too vulnerable. It will thus be interesting to see if Solana can overcome this glaring weakness over time by patching this vulnerability.

People are thinking this is a worthy competitor for etheruem. I think that doesn't make sense to see people investing their money into the project that was even getting shut down several times. I think that solana was a totally hyped project. The blockchain was not so good as ethereum but the only problem is ethereum doesn't so scalable and that makes people are migrating to the scalable blockchain coz they wanna actively trade with cheap fees. You can imagine if the blockchain gets shutdown for a day this will be a disaster for solana supporters and they will not believe this blockchain again. It can be the end of solana blockchain. The blockchain network will survive for long time as long as it can fix the problem that was triggering the blockchain to shut down. This is a horrible thing from the solana blockchain.

I think so.

There is literally no working product. Their actual TPS is much less than their theoretical TPS.

Their DeFi network isn't even as strong as a lower cap coin like FTM or AVAX. They are essentially dominated in every single category except for fees by ETH, which will probably not be the case for the long run as ETH2.0 comes around.

I think that Solana is going through a moment where it totally depends on the metaverses, it has not yet been possible to determine what can happen, it is about to happen through the Solana network, Polygon, among others, but there is something that cannot be overlook, is that Solana has many followers, many investors, and I think it is a coin that gives a lot to talk about, so it has the "fame" that makes any project go ahead, and despite the price of BTC, Solana is it has maintained an acceptable price level and this is what should be highlighted, it is not a bad idea to invest in this currency, at least I see it that way, I do not think it is a hype or a fever.

Currently yes it is full of hype, the blockchain of Solana is not ready for the level of attention it is getting currently and it is very evident. Assuming the growth was gradual and genuine instead of the fomo leading to hype and attention making it a target to hackers, the story would had been different. Solana is still a young blockchain which with time I think they will better their blockchain as the successful attacks on their network is becoming a bad reputation especially as they wants to take ethereum place.

Likes look at their token valuation, that is too high if you ask me, which only comes from hype. Speculators do not want to miss out as they did for other altcoins so they jumped behind Solana and skyrocket the token value without much to show for.

I know next to nothing about Solana.  However, every single young person I know that has taken an interest in crypto only talks about Solana.  I would say of the people I know personally, more of them own Solana than Bitcoin.  I don't know if this is because they don't understand how coin prices and market caps work, or if they think Bitcoin has gone as far as it can go, but I know they are all big into DeFi and NFTs and have no idea what they would even use Bitcoin for.  They want to hold coins that will pay them huge interest for staking or providing liquidity.  They don't want to buy a small amount and expect Bitcoin to do another x10 for them to make a few bucks.  They don't care about countries adopting it.  They'll never set up a Lightning node.  They only know Bitcoin's use case is to purchase altcoins and they prefer USDT or USDC for that activity.  Even in El Salvador, which is being toted as a Bitcoin haven is seeing more usage of USDT than Bitcoin if the information I'm reading is correct.

Solana blockchain has benefited a lot from the NFT hype.  While many nft holders have been plagued by high Ether blockchain gas fees, Solana Aurory and Degenerate Ape Academy have come up with some incredible projects that have given the digital collector item market a new lease of life.  This one push of the NFT market has taken the market cap of sol to $44 billion. 

After a long period of development, Solana has been able to deliver a faster, safer censorship-resistant open blockchain, which has made it suitable for global adoption.  With the ability to handle 50,000 transactions per second, many new Defi, blockchain gaming, web3 projects are choosing Solana as their first choice.  I think the price of Solana could be around ATH this year though if the market goes down again in short term then the price of sol could be around $70.  However, according to the updates that sol will bring according to its future plans, the price of 1 sol may be around $900 by 2025.

I will probably agree with some people here who do say that it's not hype.
SOL can be like it is today because the projects they run are quite good.
besides that they are also more gas friendly and this is of course very liked by most of the people.
apart from that for the decline that occurred today is actually quite reasonable because it is not only those who experience this decline but almost all coins experience the same thing

I wouldn't say it is full of hype. I mean look at the amount of NFT deals are happening right now in the solana network, they are marvellous. People are now basically doing it for nearly free and that is how they make their money. Collections are made, trades are happening, I am most certain that the biggest NFT markets will eventually recognize SOL as the second biggest after ETH, instead of matic or something to circumvent that ETH gas fee situation.

So all in all I would have ot say that SOL is not hyped, it is used for something good, which is NFT world, it is not over and it is not guaranteed to be a success neither, but definitely not hyped. Something being hyped sounds like it is overrated or overvalued, I would have to say that it is not overvalued or overhyped, remember it also doesn't mean it will be 1k+ or something, I am just talking about today, not the future.

Solana is working  with one of the biggest VC in crypto which is Almeda research that is home for power house crypto project like FTX, Serum and Raydium. They have pretty high TPS which can rival to all known existing blockchain right now and finally the price is still low before they was known to the crypto community even they have the superb technology in there blockchain. It is not just hype but rather discovered.

Unless developers fix the underlying issues on the Solana blockchain, I wouldn't count on it as a serious long-term investment. Transaction confirmation times may be fast and fees may be ridiculously low, but security/reliability/decentralization is what matters above all else. People seem to be missing the real point of crypto/Blockchain tech. I don't blame them, since the vast majority of people aren't quite educated about this emerging tech. They're only following the hype, pouring money into what's hot at the moment. Convenience/ease-of-use goes on top of everything else, so there's that.

Whenever Solana will last or fade into oblivion, will depend on developer's efforts to keep it as secure and resilient as possible. Hype or not, it seems to me that Solana isn't going anywhere at least in the short term. Just my thoughts

I do, this blockchain is full with hype but there's no a lot of differences when it compared with L2 blockchain like BSC or polygon. The fact that if BSC and Polygon even better than SOL.


If that will be disrupting the ecosystem and that will be a disaster for SOL. People may feel so bad if the blockchain gets shutdown again and again. It's not about how it can be alive again but remember that people will be loosing their trust to the network. This will be also disrupting so many people that are using the blockchain at the same time. It seems like more than 1k validators that already stated on its site is a big BS.

It will if the blockchain is still facing the same problem over and over.

Can you expect a blockchain that eventually gets shutdown to survive for long term? I think you know the answer so well.

What happened in Solana is a natural thing because we are entering a bear market.  Because solana is still developing and the team is still active we can't say if solana is coming to an end. However, solana has the lag of other networks. I'm sure solana has a bright future as we watch the next bull.

I don't think it's hype. It was hyped for sure when the time of NFT's was so much more applied in the cryptocurrency space. I can't wait for the time to come that more NFTs would be in the SOL space. I think that's one of the reasons why it has increased in price so much. If the technical problems persist, then that's when it will start to collapse, but once it has been continuously repaired. No significant things happen where hacking or devaluing occurs; it's pretty good.

I don't think that SOL has is full of hype, I mean yeah it experienced a network disruption and yes it does really affected. But I guess it's part of the growing pains in crypto space, I mean they should learn their hard lessons on that downtime and it can't happen again as it has a drastic effect on the price itself.

The project looks solid, but as I have said, it has to go to a lot just like any other successful cryptos. It will not be a smooth sailing so they should be aware that there are going to be a lot of bumps in the road and they should face and resolved it.

Back in the day, Solana was one of those cryptocurrencies with a very low price, often overlooked by mainstream investors and traders alike. It's now the day where Solana is valued within the triple digits, positioned among the top 10 cryptocurrencies in market cap. 2021 was the year were SOL took off massively in price. While Solana's been extremely profitable to early investors, it has one major drawback. And that is the lack of decentralization, security, and reliability.

A few months ago, Solana experienced a network disruption which put almost everything down to a halt. Without a reliable blockchain network, how can people experience the full benefits of this revolutionary tech? Last time I've checked, developers were planning on introducing an "observation system" in order to "help identify issues and patch them accordingly". If implemented, Solana would become much more centralized than it is right now, greatly defeating the whole purpose of crypto/Blockchain tech. It would be no different than traditional banks. Yet, people keep pouring money like crazy into SOL as they're only focused on becoming rich quick. They don't care about decentralization, as convenience goes on top of everything else.

Do you think Solana is full of hype? If not, why? What will happen with SOL's price if network disruptions persist? Will it mark the end of Solana for good? Or will the blockchain network survive for a long time? Your input will be greatly appreciated. Thanks in advance.