Solana it's a very great project today solana price is 124$ it's a huge pump they show that it's a great potential project it's a very great team in these days a lot of people interested in solana projects solana meme coins and more project also go to the moon it's give very great Opportunity to there users .
Solana is a great project but people irregulary putted money into it without realising that it's an altcoins and anytime it can show its nature so now the price again reduces to 103$ from 126$ which means that we have should not believe that altcoins are 100$ guaranteed investment.
I know that everyone wants to buy a beneficial coin but why they trust any coin so much that like to invest all the amount in a single coin. Now if someone invest large sum in solana then surely he will be disappointed by current dip in price.
Little amount does not make you worried but large in a single coin is not good in a case of that situation when there is big dump occurred like solana faces huge dump from 126$ to 103$.
Come on now people that invest in Solana are very aware that is an altcoin I can assure you that.
Everything in life has a risk and hopefully a reward. It's up to us individuals to do the calculation and see if the reward is worth the risk, sometime you lose sometime you win that's life!
It seems like the altcoins on the Solana network have been getting hype recently, I saw on social media that many people are holding altcoins on the Solana network and the price has increased several times. maybe this is what caused the price of solana to rise, let's see how long this hype lasts.
As long as the hype continues, the price sol will go up or have a sideways movement, but it probably can't last long. It seems to me that altcoins on the sol blockchain will not be popular in the near future. Buying it now for the purpose of profits may kill the deposit. I remember once upon a time there was a similar story with bnb.
I think you're right here, it wont last long or forever, many meme coins has released in the Solana blockchain lately and I completely agree that most of them will totally die out. So buying Solana now may be a risk.
Still those who want to hire invest should invest in their own research.
Always! 💯
Can all this meme coins that are launching at Solana blockchain daily turn around and have a negative effect in a soon future for Solana? My feeling is that maybe it starts to get to many and to much. But I am no expert.
Happy new 2024.