Topic: Solana - Is it still good to buy or it's FOMO (Read 731 times)

be careful right now FTX is planning dump solana although some people might just shrug it under the rug but it might affect the price of solana regardless.
I guess the fud toward solana is coming again i still remember back then when bitcoin was this high there are so many fud about solana if it were to go down though i will just bag it instead
hoping that there will be some big rally in the upcoming future.
whether you should dump or instead readying your money to buy solana at its lowest level depends on you.
I think the fact that solana has been used a lot these days means this coin will not go down that much though.

indeed other alt are going down but the fact that solana has frequent outage and right now ftx is trying to dump their bag might be a fud for the future of solana though, so be prepared may be there will be waves of correction but its definitely just speculation it can be wrong.

It must be the FTX dump combined with Bitcoin dump which is also making the impact is just getting even bigger to the whole of crypto market. It is crashing the price of solana, but I see it as an opportunity offered by the dump of solana since this coin is getting big again, similar to when EZ eth depegs with the price of ethereum which was really painful for a lot of people. Panic selling is an opportunity for you to obtain solana at a very low cost and take profit once it was going up again. Bitcoin, like solana, is declining by a few percent and im not seeing it as a problem.

It causes the majority of cryptocurrency to perform poorly, as Bitcoin does. Solana suffers as a result of the dump consuming so much market liquidity. If you were a trader, you would have a great opportunity to buy more and then take profits later.
We've had a lot of major dumps, and I don't think it will have a significant impact on the token's performance; it will bump again later. The small dump is only temporary right now.
You shall not feel concerned about it. When market dumps then buy it


Enter when the market turned into the red candle. That's how the basic trade is working. If you are worrying about getting fomo then you can wait it forever by expecting the price of solana will come back again to the two digits. Think about that my friend.
The correction is happening right now. Things may be very different in the upcoming bulrun.

that is our thing to decide correctly , FOMO should not be affecting our investing and for me? I will never be one.

and still strongly working mate , though there are correction ? its always working better these months and maybe till the end o f the  year.

The only thing that we need to understand Solana is how great it  is till the bull market .

It had already started its bull run and just as what you think, we're on the same page. Once an altcoin moved a lot already, the money that was on it are already taken out and moves to another project as this is how the altcoins market works. I don't think that there will be more to its move not unless the peak of Bitcoin is made and there's a new flow of money going in to the altcoins. But I'd be settled with that and always believe that once an altcoin moved a lot just as its moving to a new ATH, it's not going to make another series of its peak.

Solana wasn't alone which had Such downfall record but if you search about some others top altcoins like matic, dot, link, ada then you'll found same statistics after bull end. Besides if a altcoin has potential then there's no problem if it dumped a lot or goes dip cause somehow it'll be recovered and so was happened for solana. After that, it touched almost $200 something and still expensive. And people believe that it still has space to grow more in upcoming days

I don't know the truth, but in my small community, I often say that Solana's price collapsed yesterday because of the FTX case which sold too much Solana, resulting in panic selling among investors. but what I admire about Solana is its fanatical community, in my country I see many people who worship the Solana network, if someone opposes them they will put up their bodies to defend their arguments. incredibly solid.

I think Solana has a good future, the network is okay, transaction fees are cheap, the community is solid, the fundamentals are okay, everything is okay. but do your own research. to convince you.

its depends whether some people might believe that solana could reach the market cap of etheruem some people believe that one day solana will surpass the value of ethereum,
from the perspective technology it also needs to note that it has disadvantages as well such as the outage that happening quite frequently with solana there are still many problems with their blockchain but people
doesn't really seem to mind about this at all, they just dont mind about it maybe because at the end of the day it got patched and people can just move on.
honestly i wouldn't buy if its right now the price already going up so high that it has difficult breaking through but for some people, they'd still invest in it anyway.

Well, I believe Solana price can go higher than right now and maybe many people miss the price at $20, but if we take a look Solana market movement we can expect the double top to happen and another correction incoming. If we're going to invest in Solana because of its utility, the community, the unique development, etc. we can invest right now without caring about the price, but in the other hand if we're looking for a profit in my prediction Solana probably going to have double top and another correction, when that happens we can buy the dip again. 

I think we shouldn't generalize everything and of course there are very different things called fundamental and not. SOL for me is quite good, but not yet significant. Indeed, there is no limit to how much profit we earn. can gain profits, even though the risks faced are also large. Investors can customize the portfolio they want to choose, in high risk or low risk.

Many altcoins will disappear from the cryptocurrency market, most of them are projects that do not have their own ecosystem and have no function at all in the crypto world.

Determining whether Solana is a good investment or a result of FOMO (fear of missing out) depends on various factors including your investment goals, risk tolerance, and the current market conditions .  Solana's groundbreaking technology and growing ecosystem have attracted significant attention from users.  As a result its value has increased.  Understanding Solana's fundamentals by conducting thorough research and assessing long-term performance can help investors avoid succumbing to emotion driven valuations.

Solana is a good investment. Among the potential altcoins, it has its place. Right now, bitcoin is in a bullish position, whereas the altcoins aren't moving in a mutual way. There is no growth with the altcoins, except for a few. This means the altcoins season is to take place later. Possibly this can take place after the halving. Keeping in mind the altcoin season, it is good to invest in Solana as a long-term investment. Surely it'll bring a good profit.

You can be 100% sure and safe with this coin and now if you get out of this rally you can get knocked out of the profit rally. Don't listen to rumors because a few years ago i listened to rumors and missed out on a big profit rally by not buying. But the previous bull run gave me some profit as i was able to buy Solana at a cheap price. Although i can't buy it now due to financial need but i will buy Solana very soon.

Solana recent gains have been influenced by lots of speculation and news. While it's tempting to jump in due to Fomo, it's crucial to remember the volatility of the crypto space. If you're comfortable with potential losses and feel Solana has good prospects, and think why to buy it. But, for now and we know it's to go harving, it's has time little bit to earn profits, maybe 50-50. However, if you suspect a market correction, it might be smarter to wait for a lower buy-in.

Of course, the Sol still has great potential for price growth, but why buy such a coin, which has already increased in price by hundreds of percent. It may be better to choose coins for purchase that have not yet shown such a powerful movement as Solana and this can bring much more profit than Sol.

Buying Solana now is still very worth it rather than paying off Ethereum because we saw Solana fly from its fall during the bear market yesterday and many people moved from the ETH network to Solana because of the cheap gas fees and fast network. Now it's still worth it to buy Solana at this price. now my prediction is that Solana will fly 2-3x more in bullish times but this is my opinion if you are in doubt please do your own research don't be fomo about what I say and the news on the internet because no one can predict market prices

In my personal opinion, Sol is still in a good phase to buy, it shows adaptability and diversity to the trends that the market prefers, I am very optimistic about SOL going forward The most forward is after bitcoin halving (100 days from now) and the market will react, awareness of ETF is probably Sol ETF, Lol. HODL

Yes we see after much speculation finally solana started to recover herself and fully. Currently solana price has increased a lot due to which it is trending in the market. Which boosts buyer morale and encourages them to invest. This change in Solana will make many new traders hesitant to invest in it. But before investing you must consider yourself with caution.

Currently I think Solana is still a good buy with the current market-cap it still undervalue, and eventhough it has been increasing for the last week it still in an uptrend at least from the 7D Chart and 1M chart that I read on Coinmarketcap. The price might experience a short correction but the support at $90 will bounce the price back.

In general Solana is a good project and their developer has always deliver their promise so far. The only problem is that their community is not as loud and supportive like other coins.

thats definitely not the reason here, so many people choose solana because it is hype, if people just want some cheap fee then there are so many of ethereum L2 out there, that basically only charge pennies for transactions.
the truth is, people buy solana because well some whale pumped it first then people are so fomo'd right now its like almost reaching its peak, but in the future when another waves of bullrun finally come again then it will rise again, as many of us already know thats the cycle of hyped coin these days. not to mention the fact that there has been many airdrops occurring in solana.

According to one source, Solana is predicted to rise by 0.62% and reach $98.55 by January 13, 2024 (Today upon writing this, SOLANA reach 104.76USD). The current sentiment is bullish, while the fear and greed index is showing 76 (Extreme Greed). Solana recorded 15/30 (50%) green days with 17.20% price volatility over the last 30 days. Based on their long-term Solana price prediction, the price of Solana could reach as high as $671.99 by 2030.
Source: https://coincodex.com/crypto/solana/price-prediction/

Another source gives a more optimistic Solana price forecast, based on an AI price model. They have set a $399 price target for Solana following the BTC halving in 2024. Despite already rising +478% during 2023, the algorithm expects a further +590% gain from the current price.
Source: https://coincodex.com/article/34346/ai-predicts-solana-sol-price-to-reach-400-after-the-2024-halving/

A third source provides a technical overview, market sentiment, and price prediction for Solana from 2023 to 2030 based on various indicators and scenarios. They estimate that the yearly low Solana price prediction for 2025 is $86.23, while the yearly high is $516.03. They also provide a detailed table with the monthly price predictions for the next 30 days. Source: https://changelly.com/blog/solana-price-prediction/

As you can see, there are different views and expectations about the future of Solana. Some are more bullish, some are more cautious, and some are more realistic. Ultimately, the price of Solana will depend on many factors, such as demand and supply, innovation and development, competition and regulation, and the overall market sentiment and trends.