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Jackl87

sr. member

Activity: 1722

Merit: 269

Quote from: SeeBiscuit on December 22, 2022, 10:24:41 AM

Solana took a pretty big hit since the market has been down.
Are people confusing the quality of a product with the shop that’s vending it?

I have seen negative threads and articles about Solana here in this forum, but also on other crypto related channels and websites way before all the stuff with the bankruptcy of FTX even happened. In those articles the people were mainly criticizing that Solana is a very centralized crypto project and that this centralization is against everything that crypto projects should stand for. It is the same with XRP, which is also heavily centralized.
I also think that Solana will have a hard time to prevail because there are other projects coming up, that are doing similar things like Solana. Aptos for example was listed recently. Of course Aptos also took a hefty hit because there also Alameda (FTX) was the biggest investor, but that was just an example of new projects coming up, that are competitors to Solana.

jossiel

hero member

Activity: 2842

Merit: 625

Quote from: Yaunfitda on December 22, 2022, 11:44:35 AM

Not really sure why we have Sol threads as of late, did it really have a lot of investors from this community? Or they just jump on the hype recently and then when the price goes down, everyone is afraid of their investments going down?

I think those investors seen really the growth of Solana and how it's likely to be dominating the NFTs and the same experience as what ETH did before.

But, it just so happen that there were attacks and hacks that has happened which led many of those investors to look at the true potential of it.

With many of its former developers leaving, and that actually hit them as investors also leave them because these hacks or outages are not doing good for any project like solana.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Not really sure why we have Sol threads as of late, did it really have a lot of investors from this community? Or they just jump on the hype recently and then when the price goes down, everyone is afraid of their investments going down?

In any case, it's really hard to predict where Sol is going at this bear market. Every is taking a hit because of what had happen to FTX and to Terra Luna as it affected the market negatively. So for now, no one will know where we are heading, even ETH, the top altcoin is also down big this year.

SeeBiscuit

member

Activity: 73

Merit: 112

Twenty One Million

Topic: [REDACTED] - page 2. (Read 295 times)