Topic: SOL is already $144, can still buy it? - page 7. (Read 972 times)
legendary
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I think the hype is over now and it's very risky to take entry at this position. You know there's all time saying, "never buy the ATH." I have been closely looking at Solana for the last few days and people seems taking it as the new ETH and thinking it as the same of replacing ETH which couple of months back people forecasted for DOT. The truth is none can beat ETH. As long as the hype is there, it will pump. And I believe the SOL hype is over now and taking a long position is very risky.
No one can predict 100% surely upon a coin. But most of the time history repeats. When a coin price increase in a short time then the price have a chance to decrease also in short time. Don't use to buy by getting panicked. SOL price is already so much high, anytime its price can start decreasing. If you invest on SOL then don't be greedy and don't think for huge profit. Better that you invest your money on Bitcoin. You will be benefitted. But you need to invest for Long time.
Its price has increased rapidly so far I am surprised I think SOL has reached on its full peak so it may be very risky to buy this coin at the moment nevertheless if you have found potential in Solana and have a long term plan for it then you may consider on it but I think you must wait for a dip hopefully you get a right moment to buy some sol.
Unbelievable,
SOL was only $1 last year, now is $144
It is 144 times that of a year
Can I still buy it? Which is next one?
Can I still buy it? Which is next one?
I saw a prediction in the telegram group that said SOL would reach $200. The increase in SOL is already quite high. and I think it's too risky to enter at this point. except for short trades, it is still possible to profit from this asset.
but if for the long term I think it should be considered very well.
but if for the long term I think it should be considered very well.
It would have been a sure buy if it were below 100 but at this price, I don't think it's worth.
I'd better look at similar and promising projects like Avalanche below 50 (lesser supply at current and fixed max supply) and Polygon below $2, larger supply but seems most promising among the three as a utility token.
Solana is not yet a popular option and it's fees are already on the higher side. Polygon seems to be the next hit. Even newer options like ecoball could be a better bet considering how popular these utility projects are. How much the early adopters have made on such projects.
I'd better look at similar and promising projects like Avalanche below 50 (lesser supply at current and fixed max supply) and Polygon below $2, larger supply but seems most promising among the three as a utility token.
Solana is not yet a popular option and it's fees are already on the higher side. Polygon seems to be the next hit. Even newer options like ecoball could be a better bet considering how popular these utility projects are. How much the early adopters have made on such projects.
It is really insane to see Solana price reaching 144 times of the level in last year. And I still think that it is capable of reaching a higher level in the future. If we see a bull run in this year also, then I strongly believe that Solana will be effected nicely by this. Solana was launched in March 2020 and look where it is now! It is a really promising project that's for sure. And we need more projects like this in the market rather than poor ones.
Unbelievable,
SOL was only $1 last year, now is $144
It is 144 times that of a year
snip
Can I still buy it? Which is next one?
You can surely buy it at current price but should you buy it at current price or not should be the right question.
I am a SOL believer and I would say you to invest in it but even I think that the current price is over valued.
Solana has to undergo a correction but the hype is real.
It definitely has the potential to go beyond and reach greater heights. My best advice would be to dollar cost average.
Buy some and wait, if price dumps then buy more. Keep buying at different prices to not miss out the opportunity as well as getting a good average buy rate.
Unbelievable,
SOL was only $1 last year, now is $144
It is 144 times that of a year
Can I still buy it? Which is next one?
Unbelievable,
SOL was only $1 last year, now is $144
It is 144 times that of a year
SOL was only $1 last year, now is $144
It is 144 times that of a year
This is not the first time we will be experiencing such gains in the market and it would not be the last. You investing now totally depends on what you want from your investment. If you are investing for a very long time like in five or ten years from now then there is no better time than investing now because you can not predict what tomorrow holds.
Solana is a very promising coin and if the growth in the project continues we can see it trading in three digits price. Solan has not reach its full potential yet. If you are foming into the market now then you are doing it all wrong. Short time traders should avoid it as it can suddenly dump, just do your research and invest wisely.
Unbelievable,
SOL was only $1 last year, now is $144
It is 144 times that of a year
Can I still buy it? Which is next one?
I don't own any Solana myself and i am also pretty sad about that to be honest considering the fact i was subscribed to their newsletter way before their token got listed on the exchanges but somehow i lost track of it and now everyone that invested early into that project made a huge amount of money. I personally would not invest now though, as you already said yourself Solana already did a x144 and i think at the moment the price for Solana is just too high and i think we will see a correction pretty soon. If we see a new altcoin season in the next months i am sure that solana can also reach 200$ and more but i think other altcoins will definitely see bigger gains then.
No one can tell you what will be your decision.
Try to analyze the SOL market as much as you can. Reading other thoughts will just make you confuse. The fact that the price that it climbed from $1 to $144 and you see the project has a good and active development, you can always bet that more price increase can happen soon.
All decisions are risky. There's no 100% perfect strategy.
Try to analyze the SOL market as much as you can. Reading other thoughts will just make you confuse. The fact that the price that it climbed from $1 to $144 and you see the project has a good and active development, you can always bet that more price increase can happen soon.
All decisions are risky. There's no 100% perfect strategy.
Not sure I can affort to buy it now with this price. Lucky those who are bought or hodl their tokens from ICO. It seems that a huge profit for them but even traders who bought it at single figure before and still holding still on massive profit. There are other blockchains too that keep on the go like fantom, avalanche, and polygon. These 4 are literally killing off the major ones. For me I think solana could go to bnb lvl or even imitate what eth does.
Not a good decision to buy at this price. I can be worth more but there is still some risks as it's already high I'd wait for the drop in the price.
Why not though, it has proven that it can go from $1 to $144 (although it take years to accomplished it).
And the thing is, we are still entering the last quarter, wherein a lot of crypto will be having their bull run, so there's a big possibility that Solana can still go up, just matter on what price will it peaked during this super fast rally. So for me, it's not that bad to still invest on them, but just remember the old saying here, "Invest what you can afford to lose".
And the thing is, we are still entering the last quarter, wherein a lot of crypto will be having their bull run, so there's a big possibility that Solana can still go up, just matter on what price will it peaked during this super fast rally. So for me, it's not that bad to still invest on them, but just remember the old saying here, "Invest what you can afford to lose".
It depends, I don't buy coins when they are surging already unless I'm positive that this bull trend will be around for some time, I'm expecting a bear market very soon so my answer is no, I'd rather buy ETH because I'm positive it will grow over 3900$, SOL is only good for short term
Solana is the biggest reveal for this year as it keeps on jumping from one price to another as if there is no limit to its growth. However, we know that cryptocurrency can be tricky as there is nothing that will really go on growing sometime there can be possible correction. Now, if you think that there is still chance that it can go on reaching the level of BNB then of course it can still be a good time to buy SOL but as always be careful as nothing is guaranteed in this market.
The development of the SOL market is indeed extraordinary. but buying when the price is in a pump rally is not recommended. unless you are a pro trader who has fast trading skills. because most of today's traders implement fast or short trades when the coin pumps momentum.
if you don't have it then don't try it, although the pump potential could be even higher. SOL is indeed being a concern of many people in the community today.
if you don't have it then don't try it, although the pump potential could be even higher. SOL is indeed being a concern of many people in the community today.
I don't suggest you buy it, you said "it's already $144", that means the price has increased a lot already, if you ride, you might panic when it will start to fall as correction is bound to happen to the market. I guess being patient is very important, make sure you are confident in buying based on your analysis and not what other people told you to do so.
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