Solana is a layer 1 project with a very high transaction speed. Due to the over expensive nature of ETH Network fee, people are running to Sol network for DEFi, thereby sparking a boom of the Sol price.
Had my first experience using crypto with eth when gas prices were high, transactions took so long.. and then i Started using Solana after and it's been so easy to learn new things for me at this point for me it may still be an investment but it's also a part of my routine now. Yeah Eth is the big AF in this space but Solana just made things easy, cheaper and faster for my simple mind. 
Topic: Solana breakout (Read 288 times)
Many investors have amazed by the rapid rising of solana price this altcoin had overtaken Dogecoin to become the seventh largest crypto currency in market capitalization, some expert says that it is all because of the strong inflows of institutional investors. But I think not only big investors invest in Solan right now I am also holding few amounts of this coin for profit. So I believe that even small investors like me also invest this coin for good.
If ever a correction will happen, I doubt Solana will end up in the worst possible bottom.
The hype around the coin is generic meaning it has fundamentals and not just an ordinary coin that was driven by the hype.
It's really common that some people are still hesitant to make an entry because of the sudden price increase but it's more regrettable if you won't able to ride the wave. Think deeply and face the risks.
If we look at Solana's journey in the crypto space so far, it is very appropriate that Solana is sought after by many institutions. The Solana coin's ability to process hundreds of thousands of transactions per second probably keeps Solana on the good charts in the market. I also think that the Solana coin deserves to be behind Binance coin.
In 2021, solana has grown quite rapidly as its price movement continues to increase, although in the last few weeks the price of bitcoin and also several other large altcoins has decreased, but this is different from solana which does not seem to be affected at all due to the decline in the price of bitcoin in the market and even solana was able to reach its highest price yesterday of $213. I think with its ability to support more than 1,000 transactions per second, with an average fee of around $0.00025, surely Solana can be seen as one of the good and serious crypto projects in the competitive crypto market.
Solana is highly sought after by institutions due to its ability to process hundreds of thousands of transactions a second. The word on the street is that it may become the block chain for the stock market prices in the future. Massive massive interest I expect it to become the number three coin behind Bitcoin and ethereum and possibly number two if they do in fact become the blockchain of stocks in a couple years time. Solana is huge and there’s plenty more upside to go. Wait for a pull back because it’s overbought right now and then make sure u jump in. NFA
Solana has been a doing very good these past weeks. If this is true, it could potentially be in par with Ethereum and probably you're right with number 3. I've been accumulating lately this last bear market and it really gives a lot of profit. I believe that SOL can go up to a 200$ within this month and could go up to 1000$ in the next years. Solana is highly sought after by institutions due to its ability to process hundreds of thousands of transactions a second. The word on the street is that it may become the block chain for the stock market prices in the future. Massive massive interest I expect it to become the number three coin behind Bitcoin and ethereum and possibly number two if they do in fact become the blockchain of stocks in a couple years time. Solana is huge and there’s plenty more upside to go. Wait for a pull back because it’s overbought right now and then make sure u jump in. NFA
I do not think that just because it can be fast and cheap doesn't mean that people would put this much emphasis on it. Look at Nano for example, as far as I know they are the fastest and cheapest ever existed, they can make a transaction pass under 1 second, and they are free, which should mean that if it was all about that then they would be super high.Solana has a lot more stuff, they have validators, they have staking, they have power of governance, they basically offer so much more than just simply offering regular cheap transactions. If nothing else, look at tron, they even have ecosystem where projects could be done on their blockchain but it is not done like that because projects do not prefer to be on tron and if you make it on tron then you are going to flop for sure. So, there are more things about Solana that makes it more interesting.
Solana is highly sought after by institutions due to its ability to process hundreds of thousands of transactions a second. The word on the street is that it may become the block chain for the stock market prices in the future. Massive massive interest I expect it to become the number three coin behind Bitcoin and ethereum and possibly number two if they do in fact become the blockchain of stocks in a couple years time. Solana is huge and there’s plenty more upside to go. Wait for a pull back because it’s overbought right now and then make sure u jump in. NFA
Solana has been a doing very good these past weeks. If this is true, it could potentially be in par with Ethereum and probably you're right with number 3. I've been accumulating lately this last bear market and it really gives a lot of profit. I believe that SOL can go up to a 200$ within this month and could go up to 1000$ in the next years.
maybe the correction will only happen for a moment and maybe it will go up to a new ATH again, some people may think so, I also think solana is overbuy when it reaches 100$ but my assumption is wrong and solana continues to rise, now the price is very high but not closing probability that solana will still move up.
Honestly I don't think that this is sustainable.
Solana has a great platform but at the end of the day what this is catalyzed by is really the NFT hype which will eventually die out.
I simply don't see how this sort of valuation is justified when everything is so primitive compared to the likes of ETH. I understand that transaction costs are a lot lower but that doesn't mean that it's more scalable per se than ETH.
Solana has a great platform but at the end of the day what this is catalyzed by is really the NFT hype which will eventually die out.
I simply don't see how this sort of valuation is justified when everything is so primitive compared to the likes of ETH. I understand that transaction costs are a lot lower but that doesn't mean that it's more scalable per se than ETH.
Best investment for long term if hold and choose solana coin, I don't know what amazing from this coin when bitcoin dump yesterday solana keep dump but faster take recovery and back almost $200 right now. Many solana coin network keep going up and very good if you have saving money buy and hold solana few years later will be the next BNB coin.
I think that it will not take several years for the price of SOL to reach the current level of BNB, but the price of BNB will also increase by that time. But at the moment, the SOL price has reached local resistance, and now it is impossible to say with certainty in which direction the price will move.
SOL is my favorite coin, very good performance, solid community, very fast development ahead. Making it break through the previous price, I remember the last time I saw the SOL price at the time of the $35 down, now it's $207 at the moment. I'm sure it will continue to rise.
It's $207 a while ago and then those sell orders were hit and now it's $185. That was a quick moment for Solana and I think this is now where it starts to correct some more.But if not, then it's moving like bitcoin and there's got to be a recovery time for Sol with this quick correction that has happened to it. And we will see if it's going to be back to $200 or not anymore.
Solana will be a strong competitor for Bitcoin and etherum because of its strong market value and good ecosystem it will certainly be able to reach the top of the crypto market. all i can say is solana is insane, i can't imagine how this coin can survive even when the market is bad and the price keeps going up
A strong contender to Ethereum most especially, if it has faster transaction, cheaper network fees and more project building on sol network plus nft, definitely a big contender to Ethereum, despite all this am still wondering what is the driving force of this coin, the way it pumps in price is scary but good to investors.
I also agree, but seeing the condition of solana which continues to rise even though btc and other altcoins are down, must make some people confused because they are not sure whether solana will correct or will continue to rise again.
I myself have bought when the price of solana at 157 $.
I hope it will continue to rise until the end of the year.
I myself have bought when the price of solana at 157 $.
I hope it will continue to rise until the end of the year.
Today have new coin solana IDO was success break out above 10x and most lucky any one have in waitlist member, I joined but not success in waitlist but I try to buy on market when first time listing that coin, maybe you entry too with cyclo coin have solana network and most profitable when solana launching their new coin network, maybe solana will be the next bsc or eth in the future.
I believe that Solana is in the hands of manipulators, so her price goes up.
The ecosystem is still very young and there are very few projects, and the price of the coin does not correspond to the market situation.
https://solana.com/ecosystem/smb
Solana launches projects like Bored Ape Yacht Club.
I do not believe that this was the reason for the growth.
The ecosystem is still very young and there are very few projects, and the price of the coin does not correspond to the market situation.
https://solana.com/ecosystem/smb
Solana launches projects like Bored Ape Yacht Club.
I do not believe that this was the reason for the growth.
The ability to process hundreds of thousands of transactions per second is part of Solana's creation. In addition, Solana's focus is on making decentralized finance accessible in large numbers. That is the main focus of the Solana Foundation that I read about, so it is not surprising that many investors believe in Solana.
This is the most promising L2 that leading the race. Im not a solana hodler but clearly they won the competition here. Im a solid fantom and avalanche hodler but cant argue that solana keeps it steady while the two I mentioned somehow lag but ofcourse Im faithful with that. Cant just deny that solana did a great job on this. And I firmly believe in Solana that it will be a coin that will have a lot of fans in the market even though so far I have never made any transactions on the coin. I see a tough job with a big mission carried out by Solana will make their team continue to work to attract investors' trust because they seem aware of being a new Altcoin in crypto.
Solana will be a strong competitor for Bitcoin and etherum because of its strong market value and good ecosystem it will certainly be able to reach the top of the crypto market. all i can say is solana is insane, i can't imagine how this coin can survive even when the market is bad and the price keeps going up
Solana is a layer 1 project with a very high transaction speed. Due to the over expensive nature of ETH Network fee, people are running to Sol network for DEFi, thereby sparking a boom of the Sol price.
Solana has emerged as a competitor to Ethereum and decentralised finance application .Solana is a blockchain network which develop an ecosystem of cryptocurrency products and services. Solana is different to Bitcoin. 🙏🙏
Best investment for long term if hold and choose solana coin, I don't know what amazing from this coin when bitcoin dump yesterday solana keep dump but faster take recovery and back almost $200 right now. Many solana coin network keep going up and very good if you have saving money buy and hold solana few years later will be the next BNB coin.
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