Topic: Solana blockchain - page 7. (Read 4615 times)

That is for sure, many are happy with their profits through solana as it keeps on pumping and it has topped this week to $120. But, if the correction comes and this is going to be done, I think those people that are in FOMO will start to buy it and think that they need to have it before it soars high. And by that time, I guess that there will be other altcoins that's going to pump and it will be missed, this is what's happening for those that are missing the runs.

Well Solana is just making big profits in this past week. It is up still 50% just in the last 7 days. And now there is some more bullish news to make investors in this token happy.

The stablecoin Paxos now received approval to use the USDP Pax Dollar on the Solana blockchain. Before the approval from the New York Department of Financial Services it could only use Etheterum blockchain.

https://cryptoslate.com/paxos-secures-new-york-regulatory-approval-to-expand-usdp-stablecoin-to-solana/

Fingers crossed Solana will move away from centralization in the future. Otherwise, the project would be doomed to failure. Just because the Solana blockchain has near-instant confirmation times and cheap fees, doesn't mean it's worth the investment. You need to consider how active is the project in terms of development and innovation. Real use cases (usability) is what matters most. Not the hype.

If FTX makes a comeback, there's a high chance SOL will go all the way to the moon. But if it doesn't, the team will need to find a way to keep Solana afloat for a long time. Let's see how it goes as new players enter the competition. Who knows how long will Solana last?

Well the Solana Foundation is now giving us the chance to earn $400,000 from their bounty they are doing. It is saying that any person that can find code that turns off the Solana blockchain will earn $400,000 from the security bug bounty program.

https://coingape.com/sol-price-shoots-over-4-as-solana-foundation-offers-400000-bounty/

I would argue with such statements, considering from the fact that so many solana currently in posession by FTX and they are ready to dump it, I don't think the future gonna be all great with solana.
everyone holding solana should be concerned with this one and make decision accordingly whether they still see some potential or just gonna dump it, because if ftx really trying to get money from their solana holding, then solana will get its market disrupted so hard.
thats why it's essential to see current condition of many coins including solana since it could give insights towards whats gonna be happening in the future.

Time has all its answers. During the last two and a half years, this project has proven itself and shown its level. It depends on where one has entered. It seems Solana has now settled around and avoided going further deep. I am not sure if it is preparing for further upward or downward movements. During its hype and peak, the level was around 240 in May 2021, more than two years ago, and those who bought at that level need more than 10x to recover. Not sure where it will go now.

Yeah true, there was a lot of chaos that happened within the last few years that involved SOL, between freezing of the chain, the FTX deal and so forth it became very hard for SOL to get some attention and love from the community. It's understandable and I think I can see why people do not want to put a lot of money into it, but at the same time some other coin that had this much trouble would have been gone, it would have been out of top 100 by now and would be hated.

So, the fact that all this happened to SOL and it still stands its rank shows that it is one of the stronger coins and we should be liking it. Not saying that you should invest into it, if you do not want to invest into it then I would understand, I sold mine as well because I did not want to see it tested once more with some problem, there is no guarantee that it would have survived that as well, could have gone down this time around so I didn't want to be around when that happens.

However, as a person who doesn't have any, and not plan on buying any, I could still give their credit for building something that is good and doing fine, and even when it's facing some troubles, they are really doing a good job not crashing. There has been so many coins that faced lesser troubles and just crashed to near zero levels, this means that SOL faced harder troubles and didn't crumbled and liking it for that reason is not really a bad decision and I respect anyone who buys some.

Yes, the collapse of FTX and the fall in the price of solana did not increase the credibility of the project, but the main thing is that solana continues to develop and the developers have not left the project. Now it is difficult to compare eth and sol, because ethereum has been on the market for a long time and is well established as a reliable project, but remember the history when etc appeared. I think that solana will have a good future in some time.

Hey my dear solana is not new project and ITI very popular one of the best top 10 projects in my eyes so you can go ahead with solana SOL and i hope you are decision is very good decision please take it your bag sol is gold.

If it's centralized, it cannot be considered an "Ethereum Killer". Solana often sacrifices decentralization in favor of fast speeds and low fees. While ETH became less-decentralized with the transition to PoS, it's still the most reliable smart contract platform in the world. I believe that's ETH's main selling point. The constant network outages and the FTX collapse has led to a massive downfall in Solana's price.

I doubt it will get back on its feet unless developers address inherent issues on the blockchain. Once Solana becomes a reliable smart contracts platform, it will have the opportunity to rise among the top-ranked coins in market cap (probably within the top 5). Things will be even better if FTX makes a comeback. The future is widely unpredictable so we can only hope for the best.

It's probably because of the hype. Solana faced network outages in the past, so I doubt it will gain traction again. I'm yet to see how long Solana will be able to withstand high network activity until the next outage. For such a centralized blockchain, this is to be expected. I'd put my focus on decentralized alternatives with a proven track record of development and innovation.

ETH is a better option, especially with L2 networks such as Optimism and Arbitrum. You will get cheap TX fees and fast confirmation times without sacrificing on security/reliability/decentralization. It's a win-win for both the network and the user itself. Who knows if SOL becomes a worthless "shitcoin" in the future?

Well Solana is going alot of daily transactions because of the NFT game Star Atlas. It is doing more more in 1 day then all of the transaction on the Polygram network for total.   

In the past Sunday there was 2.9 Million transactions just on Sage labs browser. This is compared to Polygram which did 256k total.

https://decrypt.co/200733/one-game-solana-doing-more-daily-transactions-than-polygon

If it wasn't because of the constant network outages, Solana would've beaten its competitors by now. Blazing-fast speeds and dirt-cheap fees makes it the perfect Blockchain for "De-Fi". I really hope developers get their act together by focusing on the stability of the Solana blockchain. There's a lot of hype on the "Solana Smartphone", anyways.

Without a solution for the network outages, I'm afraid SOL won't reach a new ATH soon. Investors want something reliable that can be used 24/7. Not something that often comes down to a halt. Same thing happened some time ago to IOTA and now it's "nowhere to be found". With competition increasing by the day, I wonder if Solana will remain a leading Blockchain project 5-10 years into the future? Just my thoughts

Solana is a popular blockchain platform known for its scalability and fast transaction speeds. It has gained significant attention and support within the crypto community. When considering any investment, it's important to conduct thorough research on Solana, its technology, team, adoption, and market dynamics. It's also worth noting that price predictions are speculative and can be influenced by various factors.

I like Solana for its transaction speed. But right now Solana is down and needs something to recover. Solana is focused on developing a highly scalable, secure and decentralized blockchain platform. These three things result in a blockchain that can process transactions quickly and at low fees, as well as an ecosystem that supports the development of hundreds of new crypto applications. This is what makes me think Solana is Layer-1 network that could be an Ethereum killer.
I see that they are still active and have appeared in several articles stating that they still have a great future as long as they can find a solution to fight the SEC.

Indeed. They are now planning to make a hard fork to strip themselves away from the SEC. This is a complete mess for the crypto industry that will turn into utter disaster in the long run. Whenever Solana will survive against fierce US regulations or not, it's yet to be seen. If it was truly decentralized, it would have nothing to worry about. But we all know that's not the case, so it's very likely SOL's market price will dip real hard during the course of the year.

Basicially every single altcoin is hitting new lows because of the SEC's actions. They're often classified as securities by the regulating entity. If this keeps up, the US will be left behind in the dust while other countries "eat its cake" in terms of crypto adoption and innovation. I'd suggest you steer clear from Solana until everything is settled for good. Just my thoughts

The Solana Foundation is not happy with the sec calling them a security. This is because they believe there is a use for the token and blockchain, receiving rewards, paying fees, and allowing users to compete in governance.

This same thing can not be said for other tokens in same categories for a security by sec.  https://cointelegraph.com/news/sol-is-not-a-security-says-the-solana-foundation

Good point. Compared to Q Blockchain, Q has much more room to go up when it lists on an exchange because SOL has a lot of bag holders looking to sell. SOL however, if they can get the technology to work without crashing, has much more TPS than Q.

You can join for a fixed price. I personally join this project and hold only 5% of the assets

If Solana wasn't unreliable as it is right now, then $20 would be considered a bargain. But developers have been unable to fix the issue, so I'd look for other options instead. With FTX having a large investment on SOL, I find it hard to believe the cryptocurrency will recover anytime soon. Don't get me wrong, though. Solana's tech is promising, but without a reliable Blockchain network, what's the use?

The competition is getting fierce, but there can only be one winner. So far, ETH is in the lead as the best-performing smart contract platform in the world. Don't expect this to change anytime soon. Let's see if the new Q Blockchain grabs the attention of mainstream investors and traders alike. Maybe it will challenge Solana someday? Just my thoughts