Solana blockchain | Bitcointalksearch.org

Abiky

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Quote from: mich on April 05, 2024, 02:09:55 AM

Well Solana has now handled more then $7 Million in nft sales just in the last 24 hours. This was more then Bitcoin that had $6.9 Million in last 24 hours.
I am still very 'bullish' on this coin. I think it is a good alt to have in our crypto portfolio, I think it is going to moon again more then $200 in next 'bull run'.
https://ambcrypto.com/solana-surpasses-bitcoin-on-this-front-good-news-for-sol-investors/

I would've wished the Solana dev team focused on reliability more than anything else. The network often experiences congestion, and at times, outages. What's "pumping" SOL's market price is none other than the "meme" coins craze. That, and also the recent sale of the Saga smartphone. The upcoming Firedancer node software release promises to fix network outages once and for all, though.

We'll see whenever Solana will be able to truly live up to its name or not. So far, nothing can beat the "King of Altcoins" (which is ETH). Even though Ethereum is slow and expensive at times, you can always switch to a L2 network (Arbitrum, Polygon, Base, Optimism) for complete peace of mind. No outages or network disruptions of any kind. Even BTC has been running without issues since day one. Who knows what will be the future of Solana? Cheesy

Nazmul012

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Now Solana already on supremacy position after Ether and bsc Blockchain, in my opinion. People continuesly involving with solana community to unlock more advanced features what solana offering and no need to explain more about this project. Recently solana facing some issues for its transaction failure due to higher traffic in its Blockchain. That's why many people feeling awkward about solana but i believe soon this issue will be solve and solana will come back again with more advance facilities

synchronym

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Quote from: RahulBaria1987 on May 03, 2020, 01:23:54 PM

Hello guys
Is this really a good project to invest in Solana?Any price prediction in future?
Mainnet is coming in Q3.
Please suggest me...
Thanks

Soluna Coin is pretty good you can definitely invest if you want to definitely invest you have to look enough about Soluna Coin market then you have to decide to invest. Because you will invest without depending on someone else's decision, you need to know enough about yourself and then you need to invest.

mich

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Well Solana has now handled more then $7 Million in nft sales just in the last 24 hours. This was more then Bitcoin that had $6.9 Million in last 24 hours.
I am still very 'bullish' on this coin. I think it is a good alt to have in our crypto portfolio, I think it is going to moon again more then $200 in next 'bull run'.
https://ambcrypto.com/solana-surpasses-bitcoin-on-this-front-good-news-for-sol-investors/

Abiky

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Quote from: mich on March 30, 2024, 01:36:29 AM

Well it is good to be safe and the devs say to revoke app permissions. That is because there is big attacks because o the meme coins.

This is now from the financial losses from unauthorized access to the apps. https://crypto.news/solana-users-urged-to-revoke-app-permissions-amid-massive-drain-attack/

Something similar happened to Ethereum a while ago. Hackers were siphoning funds from people's wallets through dApp permissions. I guess no Blockchain with smart contract features is immune from this. Solana is known to be less secure than Ethereum, so we should expect greater vulnerabilities than the one mentioned. At least, SOL users were advised to take action.

I sure hope Solana achieves resiliency to become a fierce ETH competitor in the future. Firedancer node upgrade may just be the beginning of a wonderful journey for the project. With "meme" coins "pumping" SOL's market price, Solana will be here to stay. It's VCs' favorite coin, after all. Who knows if the next step would be approving a spot ETF for the cryptocurrency? Cheesy

mich

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Well it is good to be safe and the devs say to revoke app permissions. That is because there is big attacks because o the meme coins.

This is now from the financial losses from unauthorized access to the apps. https://crypto.news/solana-users-urged-to-revoke-app-permissions-amid-massive-drain-attack/

Tahid12

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Are you earlier adopter of solana? I also used to believe that this coin could archive huge a lot. But it hadn't came to my focus in 2020. I notice when it was pump higher in 2021 bull. In 2022, it dumped a lot from ath and i listed some altcoins what should i buy in upcoming bull run and solana was one of them.. and bought in with $30-35 avarage price. After that it went down at $20 something but then it again crossed $100 and today i was about to $200 and such growth is very surprising. That is too much withing some months. So better to wait for market correction if anyone want to buy

Jonyshake71

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Sometimes i found some topic interesting. Op asked about sol around 4 years ago. And finally we can see that solana have kept its promise. Years ago, it was facung some issues and that's why it dumped a lot and many were assumed it dead but i like the way as sol come back and hit century by its price. Solana now become improving themselves in scalability, problem solving, their functionality also increasing with days. It hard to guess but many already added sol as their most trusted altcoins list what would be worth in future

Abiky

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Quote from: mich on March 09, 2024, 11:31:27 PM

Well crypto asset manager Pantera Capital now wants to buy the Solana tokens from ftx exchange. They can buy $250 Million worth of the tokens.

It is for the Pantera Solana Fund. https://finance.yahoo.com/news/pantera-raising-funds-buy-big-111934271.html

They want to buy SOL at a heavily-discounted price. The only way this will happen is if there's a massive bloodbath in market prices. Maybe someone is planning to massively dump SOL tokens soon?

I sure hope Solana will be able to keep its promise of fixing network outages for good. Once that's settled, then we can talk about spot ETFs, a new ATH, etc. The crypto market often behaves in many strange and bizarre ways. So lets hope for the best. Grin

mich

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Well crypto asset manager Pantera Capital now wants to buy the Solana tokens from ftx exchange. They can buy $250 Million worth of the tokens.

It is for the Pantera Solana Fund. https://finance.yahoo.com/news/pantera-raising-funds-buy-big-111934271.html

Abiky

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Quote from: fzkto on February 22, 2024, 01:56:01 PM

Many investors made huge profits when they bought solana at the previous bottom. The workings of the blockchain have not changed since then. I think that in the near future nothing will change and the blockchain will not work stably. But now it is probably too late to buy coins.

The blockchain could improve if developers put their efforts into it. There are rumors that a new third-party node software (Firedancer) will solve Solana's network outages for good. If that happens, we should expect SOL to become a reliable cryptocurrency for payments and all things "De-Fi". I would never compare it against Ethereum because of it's semi-centralized design. But nothing can beat Solana in terms of cost-efficiency and performance.

Imagine how big it will grow with the approval of a Solana spot ETF by the SEC. The sky is the limit to how far will the cryptocurrency go. Crypto land often behaves in many strange and bizarre ways, so expect the unexpected. Grin

Sayeds56

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Quote from: tengui on March 04, 2024, 05:25:03 AM

Solana's recent price increase has been extraordinary, if there is a significant price increase other than BTC or ETH then it is Solana. this is the solana that has been missing for a long time and now solana has returned and is ranked 5th in the CMC. If this situation continues it is certain that BNB's position will be shifted by Solana.

It is true that Solana has seen impressive price surge and gained significant popularity. This is the result of advancement in scalability and functionality of Solana network. The rise of Solana to 5th position on coinmarketcap is a noteworthy achievement, and its improving performance can potentially challenge other players, such as BNB coin. however, it is very challenging task to predict future of any digital asset with accuracy due to high volatility of cryptocurrencies market.

tengui

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Solana's recent price increase has been extraordinary, if there is a significant price increase other than BTC or ETH then it is Solana. this is the solana that has been missing for a long time and now solana has returned and is ranked 5th in the CMC. If this situation continues it is certain that BNB's position will be shifted by Solana.

Sayeds56

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Quote from: RahulBaria1987 on May 03, 2020, 01:23:54 PM

Hello guys
Is this really a good project to invest in Solana?Any price prediction in future?
Mainnet is coming in Q3.
Please suggest me...
Thanks

Solana has emerged as a prominent block chain with high speed of transactions resulting in lower transaction fees. It has registered tremendous growth since it was launched. This network is also famous for creating NFTs at comparatively lower cost. Fortunately, I booked substantial profit when i purchased Solana coins at less than $10 and currently it is trading above $130.

Despite its all successes, it has been facing network outage from time to time which is a challenging situation and raises questions about its decentralization. however, there is optimism that team is committed team and will do all they can to overcome this long standing issue.

mich

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Well Solana is having big gains in just the last 7 days. It is up more then 25%. I wonder if those big gains is because SBF was telling security guards to buy Solana.

https://nypost.com/2024/02/29/business/sam-bankman-fried-reportedly-gives-crypto-tips-to-brooklyn-jail-guards-heres-his-top-pick/

fzkto

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Quote from: Abiky on February 22, 2024, 07:35:31 AM

Quote from: goldkingcoiner on February 18, 2024, 10:50:36 AM

On the low liquidity exchange Poloniex, the Solana withdrawals are paused and the price dropped over 35% from the market price and currently it is 5% below normal price. Obviously once they resume withdrawals, the prices will sync back to market price. Do you guys see this as a good opportunity to make a free 5% profit? Or do you guys think that they will take ages to resume the withdrawals and the price will keep falling in the coming days?

I am going to take advantage since this is not the first time this has happened and withdrawals usually resume in days.

If you believe in Solana, then I'd say "go for it". But constant network outages makes me think twice before putting my own money in it. Some say the upcoming "Firedancer" node software release by Jump Crypto will solve Solana's reliability problems once and for all. I'm yet to see whenever that'll be the case in the coming months.

If Solana proves to be a reliable ETH alternative, there won't be nothing stopping it from reaching a new ATH. I'd proceed with caution just to be safe. We can't predict the future, so lets hope for the best. Grin

Many investors made huge profits when they bought solana at the previous bottom. The workings of the blockchain have not changed since then. I think that in the near future nothing will change and the blockchain will not work stably. But now it is probably too late to buy coins.

goldkingcoiner

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Quote from: Abiky on February 22, 2024, 07:35:31 AM

Quote from: goldkingcoiner on February 18, 2024, 10:50:36 AM

On the low liquidity exchange Poloniex, the Solana withdrawals are paused and the price dropped over 35% from the market price and currently it is 5% below normal price. Obviously once they resume withdrawals, the prices will sync back to market price. Do you guys see this as a good opportunity to make a free 5% profit? Or do you guys think that they will take ages to resume the withdrawals and the price will keep falling in the coming days?

I am going to take advantage since this is not the first time this has happened and withdrawals usually resume in days.

If you believe in Solana, then I'd say "go for it". But constant network outages makes me think twice before putting my own money in it. Some say the upcoming "Firedancer" node software release by Jump Crypto will solve Solana's reliability problems once and for all. I'm yet to see whenever that'll be the case in the coming months.

If Solana proves to be a reliable ETH alternative, there won't be nothing stopping it from reaching a new ATH. I'd proceed with caution just to be safe. We can't predict the future, so lets hope for the best. Grin

Well, it is not really as much as a belief in Solana as a reliable ETH alternative as it is rather a belief that it is safe to buy and hold (for a week or two) smaller amounts of Solana on low liquidity exchanges like Poloniex during events in which the price can be expected to diverge due to a problem with the exchange itself. This happens everytime, with any altcoin when a low liquidity exchange decides to "pause withdrawals" to fix the wallet. People panic and start selling their SOL because they think something bad is going to happen. A sudden 60% drop in price is a good chance.

The only danger here is that the exchange might not resume the withdrawals or something happens to the altcoin itself, while you are holding it.

Abiky

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Quote from: goldkingcoiner on February 18, 2024, 10:50:36 AM

On the low liquidity exchange Poloniex, the Solana withdrawals are paused and the price dropped over 35% from the market price and currently it is 5% below normal price. Obviously once they resume withdrawals, the prices will sync back to market price. Do you guys see this as a good opportunity to make a free 5% profit? Or do you guys think that they will take ages to resume the withdrawals and the price will keep falling in the coming days?

I am going to take advantage since this is not the first time this has happened and withdrawals usually resume in days.

If you believe in Solana, then I'd say "go for it". But constant network outages makes me think twice before putting my own money in it. Some say the upcoming "Firedancer" node software release by Jump Crypto will solve Solana's reliability problems once and for all. I'm yet to see whenever that'll be the case in the coming months.

If Solana proves to be a reliable ETH alternative, there won't be nothing stopping it from reaching a new ATH. I'd proceed with caution just to be safe. We can't predict the future, so lets hope for the best. Grin

fzkto

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Quote from: goldkingcoiner on February 18, 2024, 10:50:36 AM

On the low liquidity exchange Poloniex, the Solana withdrawals are paused and the price dropped over 35% from the market price and currently it is 5% below normal price. Obviously once they resume withdrawals, the prices will sync back to market price. Do you guys see this as a good opportunity to make a free 5% profit? Or do you guys think that they will take ages to resume the withdrawals and the price will keep falling in the coming days?

I am going to take advantage since this is not the first time this has happened and withdrawals usually resume in days.

It's normal when the withdrawal is blocked and the price has dropped. In a few days, if withdrawals are resumed again, the price will become the market price. But if you have the opportunity to buy, it's probably a good idea to take advantage of it. But sometimes sell-offs on poloniex are an indicator of market movement, so you need to be careful.

Nechiequ

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Quote from: MiauKitchen on February 18, 2024, 11:03:24 AM

Solana can maintain momentum for several years.
This means that even though Solana is a blockchain, it is able to provide the best for investors.
But that way of course we need to be vigilant because crypto performance is unpredictable.

I think that almost all types of crypto cannot be ascertained, sometimes in crypto we have to be careful to understand fundamental analysis because most of them analyze with technical analysis always misses, especially when well-known companies are involved in it

Topic: Solana blockchain (Read 3864 times)