Topic: Solana just reached $80! - EDIT: Now $110+ (Read 1516 times)

Update 23th December: Finally a bigger correction has happened, as I been waiting! Had this feeling for a long time and swapped to USDC at $220 and will play it safe and buy back now again at $180,79.

Down 29.3% last month - Down 22.3% last 7 days , and standing pretty strong at $180,79.

Update 15th December: A small correction has happened. But I think one more will happen soon too.
Up 2.6% % last month - Down 7.3% last 7 days , and standing still strong at $219.

SOL is definitely one of the most unique projects on the market right now. Some people will say there are more options, but I have to say that the current prices tell us everything.

Yeah since pretty much all other coins and token are running high like crazy it's no wonder Solana is performing good as well. 43% is is pretty much the average what also comparable coins are up since the election in the USA, for obvious reasons. Let's see if this kind of performance can keep up of if at some point people will sell a bunch to get some profits out of the market. Every rise brings a correction sooner or later.

Update 21th November: I am still.... waiting for a correction in the price, but I don't complain! 
Up 43.7% last month - Up 11.2% last 7 days , and standing strong at $238.

I agree it's been insanely good, I just sitting and waiting for that correction to appear. but it seems it doesn't want to come, yet!
And your right, no need to just sit in one camp when you can be in all three or at least two.
I think we will see a net ATH on Solana in not to long time and then maybe a bigger dump? Just for it to recover again.
I wonder how the future will be if Solana will "replace" ETH. ETH really must fix their fee's and so, now when meme trading is such a big part of crypto they cant still have that fee's its just doesn't work.
I haven't been looking for any new chains lately, but I will ping you if I find something.

All the best!

Solana has had a blistering run so far. I faded it for a long time but recently saw the lights because there is no need staying in any one camp (BTC, ETH or SOL) when you can just double down on all 3 and enjoy the best of all 3 worlds. Imo, we should see a new Solana all time high this cycle and a solana ETF approval next year. That's where the real run will start.

Any there any "next solana" chains that caught your attention lately?

Update 9th November: I am waiting for a fix and a small dip at the moment because of the last months insane price change.. BUT!
Up 43.9% last month - Up 20.4% last 7 days , and standing strong at $199.

Nah, I didn't invest, hard to buy crypto over here still.  Solana is getting stronger again recently, just checked how it developed over the past month. Good to know all these bs projects didn't have an impact. In life it can go really fast, once the reputation is tarnished it's quite hard to repair it! Some projects though come out of it even stronger, guess that's the case for solana, even though just to be fair, they haven't really been blamed for all the nonsense that was created on their chain.

My hope is that Solana can compete with Ethereum for both price & user base. Memecoins on Solana are a big pull for investors. The market can move very fast, I think Solana can reach $1000 this bull market & I am holding my bags, ready for the moon shot.

I hope you have invest in SOL now!
And your right that thankfully SOL didn't lose their reputation, that was my biggest concern as a SOL holder and as you saying it would and is very easy to just blame SOL for everything and make it a shit token, but that hasn't happen and I am so glad for it. My hope for SOL is back and i am gladly holding now.

All the best to you friend!

Obviously everyone can make these tokens these days, and mostly these "projects" never develop into anything, as you and everybody here should know.
Thankfully SOL didn't lose reputations on this and is still thriving. I mean, it would be so easy to blame SOL developers for making scam token creation that easy, but somehow nobody does, which surprises me. Normally the community is fast to start a witch hunt if something like this happens over and over again.

Thank you and yes I agree I was skeptical first when they accepted tokens in their network because it was so many scam tokens that arrived but it seems SOL have survived very good from this and from now I actually see bright on SOLs future but I see one more DIP in the future then I hope SOL can go and touch $300+

Good of you to revive this thread, SOL has been looking quite strong lately and there are some projects in SOL that looks to be growing as well. It has been a while since SOL started accepting tokens under its wings, and this is looking like we are seeing SOL becoming better and better, we should be considering how dangerous this could be and I believe that they overcame that difficulty quite easily. Normally there could have been some harder situations but this time around they didn't really had any issues at all.

I believe the best way to move forward would be just trusting what we can do with crypto and if we can do this then we are going to see how the results wouldn't really be bad. SOL will definitely go up a lot more.

Update 16th October: Long time since I updated, been up and down lately...
Up 5.2% last month, and standing strong at $155.33.

Well we did see some very big profits of 16% in the last 7 days for this coin. And now the price for each SOL token is approaching back to $200.

https://www.fxstreet.com/cryptocurrencies/news/solana-could-cross-200-if-these-three-conditions-are-met-202407220930

Update 17th June.
Down 18% last month, but standing strong at $143.68.

Well in just last month there were almost 1 half million tokens launched on it. This is because of the successful meme coins that are earning big profits. And because it is very easy for you to make your own tokens.

https://www.theblock.co/post/298200/solana-saw-nearly-half-a-million-tokens-launched-last-month

I am very optimistic, if ETH doesn't fix their fee's for swapping to their meme tokens and for sending funds Solana will bypass ETH in a soon future, mark my words.

Hello everyone,

I'd like to share my perspective on Solana, a cryptocurrency that has been a standout recently. Many investors have reported significant profits with Solana, but I believe there's more than just momentary gains in this story.

To me, Solana isn't just another run-of-the-mill cryptocurrency. It's an asset I'm embracing as a central part of my investment plan for the future, and I'm not alone in this mindset. I regularly hodl Solana through DCA (Dollar Cost Averaging) and see it as a long-term strategy, even as part of my retirement plan. As I've mentioned several times here on the forum, questioning Solana's potential at the current moment is, in my opinion, madness.

Looking at the recent results and the upward trajectory of Solana, it's hard to ignore its potential. The technology behind it is impressive, and its scalability and low fees have caught the attention of many investors and developers. While other cryptocurrencies struggle with scalability issues and high fees, Solana is proving to be a viable solution to many of the problems facing the sector.

Additionally, it's worth mentioning that Solana is poised to challenge BNB (Binance Coin) in terms of market value. It's only a matter of time until Solana reaches and even surpasses BNB, given its solid technology and growing adoption.

In summary, I firmly believe that Solana is here to stay and that its potential has not yet been fully realized. If you're looking for a cryptocurrency to invest in with the goal of achieving financial independence or even wealth, hodling Solana may be one of the best decisions you can make.

Let's continue to closely monitor Solana's development and share our experiences and insights here on the forum. The future of cryptocurrencies looks bright, and Solana is certainly leading the way to this new era of decentralized finance.

What do you think about the future of Solana? Are you as optimistic as I am?