Topic: Solana - Is it still good to buy or it's FOMO - page 2. (Read 1031 times)

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.

In my opinion, it is still very possible for you to enter Solana now because many people choose Solana over ETH because the network and fees are very expensive, but still do your own research on the coins you want to buy and as much as possible stay away from investments that you don't know what they are. you invest, I personally will buy Solana now

The price of Solana has gone up a lot in a month. I think many people are showing interest due to the current price hike and the demand for Solana will increase a lot in the future. But right now I don't know why, it's not unusual for Solana to go through periods of consolidation or correction before resuming its upward trajectory. I would advise caution to considering entering the market at this time. It is always better to be patient and wait for more favorable opportunities instead of rushing. Carefully consider concentration and past failures when considering Solana as an investment.

there is some roller coaster movement in Solana these days , after hitting 120$ and above , then dumped bellow 100$ and yes now it is increasing 16% as my typing , so basically if those who are buying and selling ?surely they are making money nowadays in SOL so I hope OP also did a good decisioning recently .

Looking at how market performs I think it is not about correction but a normal dump and now we are back in Bull market as the flow of altcoins goes following bitcoin increase.
what I wanna learn is  that if this growth is part of  the Halving approval connection? because the more that ETF deciding comes is the more market is showing wilder and wilder.

You made the right decision that you did not try to catch up with the departed train, but concentrated your efforts on finding coins that have not yet shown such a large price increase. And if we see a deeper correction of Bitcoin, then we will still have the opportunity to buy the coins we are interested in at a lower price.

its really hard decision to make to whether buying a coin that has corrected but already rising high enough that it is more than 8 times of initial price or just find another coin.
with SOL i also doubt it can drop to $20 but i also highly skeptical whether buying right now is the right decision, the price is already too high but at the same time it has fallen quite the price too that it goes back to around $90.
but alas i just decided to invest in other coin because I deemed that they are rather more better for investment at this point with the value still not rising so high and after the latest btc dumps they lost their value already.
the disadvantage is that, the increase probably wouldn't be as fast as some popular coin like solana.

I'm sure there's no point in getting upset about this. After all, few people managed to sell a coin at the highest price, just as they could buy it at the lowest. The market will still provide a lot of opportunities to get a good profit. And SOL will provide us with this opportunity to make a profit more than once.

showing red marks doesn't mean the pump is completely over now. in trading terms. that is called "Taking Correction" I think think Solana is just taking correction before making another big move.
It is not a financial advice, but in my opinion Solana is still in buy zone. it looks really bullish to me. everyone should take their own decisions tho.
But considering how much new projects popping in solana everyday. and all the airdrops. I think solana will be in bigger demand in future.

That is really a frustrating decision mate imagine SOL have even increase 200% from your selling price ,
if you have held the coins for a bit weeks then surely you have multiplied the price more than double or almost triple of how much you sold them.

But like many says , it is better you have sold and earned in low value than waiting for the highest for
you to realized it dumped badly while you sleep.

so in all you have still made the best action for your own money because you bought 28 and sold at
48 that is almost 80% profit not bad at all.