Solana price predictions and developement? - page 2.

Mate2237

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Quote from: adaseb on May 06, 2024, 10:58:09 PM

If you use the network a lot, you will see it gets hick ups from time to time. There are times when it’s impossible to send a transaction no matter how large your fee is.

You don’t get these issues on ETH or BTC even those have higher fees.

Yes I also noticed that in the early part of March when I wanted to use the network to make some transaction in Binance platform when Binance was asked to removed p2p in my country and it was written "network congested try again later" and the fee I was using was big yet it was not going so I left it and used TON to do the transaction. So what you are saying is the truth, if their network is still on the process of experimental, I will not doubt it because normally network congestion not supposed to last for two months but this has been more than three months.

But Ethereum network too has been on the congestion line but if you use high transportation fees, your transaction would be accepted and it is not like the Solana network.

betswift

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Bullish on SOL

I like it, community, and how it's developing!

Sayeds56

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Quote from: Caiado on May 14, 2024, 09:13:20 AM

Solana is definitely my retirement plan, lol. All my chips are on it. I buy Solana through the DCA method and will do so in a disciplined and patient manner until mid-2028. Some may doubt Solana's future, but what it has shown currently is no longer about the future but the present. It already proves its efficiency, acceptance, and dominance in the market. So, no matter what they say, I'll continue with Solana on DCA. I'll return here in 2028 confident to have realized the profits of my life. It doesn't require much intelligence or genius IQ. For those aiming for success, I recommend practicing discipline and patience.

You seem to be having good understanding of investment methodology and following the solid professional strategy of Dollar Cost Average (DCA) which is considered best approach for long term investing and ensuring lower cost of portfolio overtime. If you stick to this plan and continue following it for long term, you will likely enjoy your retirement life from the profit you make from your investment in Solana coin.

Caiado

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Solana is definitely my retirement plan, lol. All my chips are on it. I buy Solana through the DCA method and will do so in a disciplined and patient manner until mid-2028. Some may doubt Solana's future, but what it has shown currently is no longer about the future but the present. It already proves its efficiency, acceptance, and dominance in the market. So, no matter what they say, I'll continue with Solana on DCA. I'll return here in 2028 confident to have realized the profits of my life. It doesn't require much intelligence or genius IQ. For those aiming for success, I recommend practicing discipline and patience.

Sayeds56

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Quote from: atookz on May 13, 2024, 11:56:03 AM

I am also one of the people who pays attention to Solana. In my opinion, the $7,000 target is too high and will definitely take a long time. As for the price, maybe I don't know for sure, but what is clear is that this coin has a project foundation that looks solid, so I'm sure the price will get better in the future. The growing number of dApps, DeFi platforms, and NFT projects building on Solana shows its utility and growth potential. Collaborations with big names like Chainlink and Brave increase Solana's credibility and reach. But even though indicators and market sentiment show a potential increase in SOL prices, there are several factors to watch out for such as overall market performance, regulations on crypto from several countries and competition with other coins. It could affect Solana and is worth watching out for.

Certainly, aiming $7000 target price of Solana appears overly ambitious, even considering the significant development efforts in its network. This goal is not likely to come to fruition in the near future, in my opinion in the next anticipated bull run it might surpass its previous all time high (ATH) of around $260, and gradually reaches to $500. This scenario could unfold provided Bitcoin reaches $100,000 triggering a strong rally in alts market.

Mate2237

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Quote from: atookz on May 13, 2024, 11:56:03 AM

I am also one of the people who pays attention to Solana. In my opinion, the $7,000 target is too high and will definitely take a long time. As for the price, maybe I don't know for sure, but what is clear is that this coin has a project foundation that looks solid, so I'm sure the price will get better in the future. The growing number of dApps, DeFi platforms, and NFT projects building on Solana shows its utility and growth potential. Collaborations with big names like Chainlink and Brave increase Solana's credibility and reach. But even though indicators and market sentiment show a potential increase in SOL prices, there are several factors to watch out for such as overall market performance, regulations on crypto from several countries and competition with other coins. It could affect Solana and is worth watching out for.

$7,000 prediction of Solana price is unrealistic because for now the coin is not even moving any upwards for months now. Last month Solana was $157.78 and noe it is $147.97. though the coin is nice but to hit even $1,000 this year or next year is not possible and the coin that can rise again in this year is bitcoin and Ethereum, and Ethereum might reach $5k this year or next but some people are predicting $10k but I am not sure if thT price in anytime soon as well.

Oh yes the DaPPs in Solana network are one making it to survive well to this extent and also they are the caused of the Solana network congregation.

atookz

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I am also one of the people who pays attention to Solana. In my opinion, the $7,000 target is too high and will definitely take a long time. As for the price, maybe I don't know for sure, but what is clear is that this coin has a project foundation that looks solid, so I'm sure the price will get better in the future. The growing number of dApps, DeFi platforms, and NFT projects building on Solana shows its utility and growth potential. Collaborations with big names like Chainlink and Brave increase Solana's credibility and reach. But even though indicators and market sentiment show a potential increase in SOL prices, there are several factors to watch out for such as overall market performance, regulations on crypto from several countries and competition with other coins. It could affect Solana and is worth watching out for.

Sayeds56

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Quote from: Mansory22022 on May 03, 2024, 06:31:51 AM

Does solana network ready for huge demand?
What you think of solana price ? Does solana are high supply or limited supply coin compared others ?
So i think we see 7000$ price because supply and demand but even that much gain it's not life Changing gain so that's why i don't try to get rich with alt coins neither with btc but it's nice to some gains.
But now the sol is hot specially when other coins are sleeping what's the solana price targets ?
Are you fan of solana ? Im big fan of solana i think it's the best chain i want to invest more into.

First of all I would accept that I am a fan of Solana because of its technological advancement, and its potential to play a significant role in block chain echo system. The credit goes to its professional team who continuously struggle to make Solana a great block chain that provides servies to its customers at a very competitive transaction fees.

Regarding its potential in future, I think it has not yet shown its real color despite the fact that it has demonstrated tremendous growth during the past six months. There is anticipation that Solana could surpass its all time high of $260 in the upcoming bullish market

Yatsan

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If the memecoin craze will continue then there's high hopes with Solana Network for this bull cycle. Well, actually, Solana itself is a good coin to invest in long term. This coin is slowly getting more recognized by investors and it won't be surprising to see it as a big contender of big coins in this market in particular with altcoins. There's still a lot of room for improvement in this token and future is bright for this chain, I believe. There are still issues with transactions but as this network continues to grow, it might become better in the future still.

Quote from: andyou1234 on May 06, 2024, 12:30:43 PM

In my opinion, Solana is one of the altcoins that has very high potential and popularity in the crypto market, even though currently Solana is rarely talked about, Solana is very worthy of being a long-term investment, the proof is that up to now Solana can still survive and still is in the top 10 CMC, to be honest, I personally still keep Solana even though it's not that much, but the profits I get now are very good,

We saw how big its market value have jumped this year and that speaks for potential, indeed. Being considered as one of the top altcoins is already something to look forward with as this cycle continues.

enwi

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Quote from: Abiky on May 13, 2024, 07:27:25 AM

Quote from: adaseb on May 06, 2024, 10:58:09 PM

Yes the Solana blockchain is still experimental. If you do any type of coding you will even see that the main API is something such as “Solana main net beta”. They call it beta to mean that it’s still not a fully developed project.

If you use the network a lot, you will see it gets hick ups from time to time. There are times when it’s impossible to send a transaction no matter how large your fee is.

You don’t get these issues on ETH or BTC even those have higher fees.

That explains the constant network outages. I knew Solana was an experimental chain all along. Unfortunately, most whales and retail investors don't care because they only want to make money. Solana is the #1 chain for "meme" coins right now. It's no wonder why it's still going up, despite the FTX collapse and constant network outages.

Developers promised the Firedancer node software will fix Solana's problems once and for all. I'm yet to see if that's going to be the case after launch. Even if Solana improves, it'll never become as good as Ethereum. Nothing is guaranteed to last forever. So I'd avoid putting all of my life savings into SOL, just to be safe. Cheesy

I saw from their official website that it shows that in the last three months the Solana network can be used smoothly without any more blackouts, Investo is not only thinking about making profits quickly, but we have to see that many old investors have entered Solana and studied the Solana network because indeed has quite cheap transaction fees. In fact, the transaction speed is faster than the BSC and Ethereum networks. That is why currently the Solana ecosystem is increasing and more and more people are using Solana.

Abiky

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Quote from: adaseb on May 06, 2024, 10:58:09 PM

Yes the Solana blockchain is still experimental. If you do any type of coding you will even see that the main API is something such as “Solana main net beta”. They call it beta to mean that it’s still not a fully developed project.

If you use the network a lot, you will see it gets hick ups from time to time. There are times when it’s impossible to send a transaction no matter how large your fee is.

You don’t get these issues on ETH or BTC even those have higher fees.

That explains the constant network outages. I knew Solana was an experimental chain all along. Unfortunately, most whales and retail investors don't care because they only want to make money. Solana is the #1 chain for "meme" coins right now. It's no wonder why it's still going up, despite the FTX collapse and constant network outages.

Developers promised the Firedancer node software will fix Solana's problems once and for all. I'm yet to see if that's going to be the case after launch. Even if Solana improves, it'll never become as good as Ethereum. Nothing is guaranteed to last forever. So I'd avoid putting all of my life savings into SOL, just to be safe. Cheesy

bitquad

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Quote from: tsaroz on May 06, 2024, 10:44:06 PM

Quote from: pinggoki on May 06, 2024, 10:34:29 PM

Quote from: andyou1234 on May 06, 2024, 12:30:43 PM

In my opinion, Solana is one of the altcoins that has very high potential and popularity in the crypto market, even though currently Solana is rarely talked about, Solana is very worthy of being a long-term investment, the proof is that up to now Solana can still survive and still is in the top 10 CMC, to be honest, I personally still keep Solana even though it's not that much, but the profits I get now are very good,

With the way they manage their network congestion right now, that's going to be a thing that we won't see very soon, they need to deal with the congestion in the network first before that can happen and despite how easy it is to navigate their network and the projects and airdrops that are working on them, I hold on to hope that they're going to be really big someday, they've been making a lot of projects as of late and it's not something that I'm going to be dismissive about, them projects will just keep on making Solana more renowned to more and more people and potential investors.

Solana is having a bad time with large number of it's transactions failing. This is not a good outlook for the hyped chain but I hope they'll be able to fix it with some updates. One of the reason for such failure is the sharp increase in transactions recently mostly coming in from bots. The congestion of the solana network has not only hurt the price of Solana but also memecoins based on the network. I'm still bullish even on these circumstances as the growth of Solana is unprecedent and if they be able to solve it a little bit, the price would easily jump to 300.

I just checked and the Solana transaction failure rate is a bit lower than a few days or weeks ago. But we'll have to see if it holds up. Still looks like more than 50% are failing.

https://solanabeach.io/transactions

bitquad

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Quote from: btc_angela on May 04, 2024, 04:47:41 PM

Quote from: Mansory22022 on May 03, 2024, 06:31:51 AM

Does solana network ready for huge demand?
What you think of solana price ? Does solana are high supply or limited supply coin compared others ?
So i think we see 7000$ price because supply and demand but even that much gain it's not life Changing gain so that's why i don't try to get rich with alt coins neither with btc but it's nice to some gains.
But now the sol is hot specially when other coins are sleeping what's the solana price targets ?
Are you fan of solana ? Im big fan of solana i think it's the best chain i want to invest more into.

$7k that is too huge in my opinion, all time high is $260. So let's say it goes 10x, so that's around $2600 only. Yes, I know that it is hot, but not sure how can it get to $7000 unless there is some whales going to pour their money in the market, and when he sees that price, sell and get out.

So it's better to put a conservative estimate around $3,000, at least you will not be frustrated if it doesn't goes to the price that you are expecting. I have nothing against Solana, it's a great project, but still remains to be seen as there are a lot of competitions.

That guy does not understand tokenomics and the circulating supply. Solana has inflation also. At current supply levels it would have a market cap of over $3 trillion @ $7,000 per SOL. 10 years from now the Solana supply will be around 725 million SOL. SOL @ $7,000 would equal a market cap of over $5 trillion. If the dollar completely hyperfinflates then sure, SOL could reach that price. But so will a lot of cryptocurrencies. I see BNB @ $7,000 before SOL.

https://solana.com/docs/economics/inflation/inflation-schedule

adaseb

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Yes the Solana blockchain is still experimental. If you do any type of coding you will even see that the main API is something such as “Solana main net beta”. They call it beta to mean that it’s still not a fully developed project.

If you use the network a lot, you will see it gets hick ups from time to time. There are times when it’s impossible to send a transaction no matter how large your fee is.

You don’t get these issues on ETH or BTC even those have higher fees.

Volimack

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If Solana continues to grow in popularity and adoption then the price will probably continue to rise but what could affect the price of Solana is competition from other cryptocurrencies. Although Solana has gained popularity in recent years there are still many other cryptocurrencies in the market that are more popular than Solana. Solana meme coin is heading towards and losing value due to low trading volume. Looking at the generally upward trajectory, Solana is undoubtedly likely to reach new highs in the coming years.

tsaroz

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Quote from: pinggoki on May 06, 2024, 10:34:29 PM

Quote from: andyou1234 on May 06, 2024, 12:30:43 PM

In my opinion, Solana is one of the altcoins that has very high potential and popularity in the crypto market, even though currently Solana is rarely talked about, Solana is very worthy of being a long-term investment, the proof is that up to now Solana can still survive and still is in the top 10 CMC, to be honest, I personally still keep Solana even though it's not that much, but the profits I get now are very good,

With the way they manage their network congestion right now, that's going to be a thing that we won't see very soon, they need to deal with the congestion in the network first before that can happen and despite how easy it is to navigate their network and the projects and airdrops that are working on them, I hold on to hope that they're going to be really big someday, they've been making a lot of projects as of late and it's not something that I'm going to be dismissive about, them projects will just keep on making Solana more renowned to more and more people and potential investors.

Solana is having a bad time with large number of it's transactions failing. This is not a good outlook for the hyped chain but I hope they'll be able to fix it with some updates. One of the reason for such failure is the sharp increase in transactions recently mostly coming in from bots. The congestion of the solana network has not only hurt the price of Solana but also memecoins based on the network. I'm still bullish even on these circumstances as the growth of Solana is unprecedent and if they be able to solve it a little bit, the price would easily jump to 300.

pinggoki

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Quote from: andyou1234 on May 06, 2024, 12:30:43 PM

In my opinion, Solana is one of the altcoins that has very high potential and popularity in the crypto market, even though currently Solana is rarely talked about, Solana is very worthy of being a long-term investment, the proof is that up to now Solana can still survive and still is in the top 10 CMC, to be honest, I personally still keep Solana even though it's not that much, but the profits I get now are very good,

With the way they manage their network congestion right now, that's going to be a thing that we won't see very soon, they need to deal with the congestion in the network first before that can happen and despite how easy it is to navigate their network and the projects and airdrops that are working on them, I hold on to hope that they're going to be really big someday, they've been making a lot of projects as of late and it's not something that I'm going to be dismissive about, them projects will just keep on making Solana more renowned to more and more people and potential investors.

X-ray

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Quote from: andyou1234 on May 06, 2024, 12:30:43 PM

In my opinion, Solana is one of the altcoins that has very high potential and popularity in the crypto market, even though currently Solana is rarely talked about, Solana is very worthy of being a long-term investment, the proof is that up to now Solana can still survive and still is in the top 10 CMC, to be honest, I personally still keep Solana even though it's not that much, but the profits I get now are very good,

solana is good alternative to ethereum and its even better than binance smart chain in many aspects, i expecting this coin to be at least as big as ethereum some day.
but right now the whole blockchain only used for something like meme coin, even though many games are also deployed in this blockchain and i'm talking about game like nyan and so on.
but undeniably if solana wants to be as big as ethereum it needs to invest on the same quality dapps that exists in ethereum.

moreover hopefully solana could also try to solve their power outage problem, i heard there's already proposed solution in the testnet but its not rolling out in the mainnet so far.
and yes I think the potential is high, but it requires support for it to breakthrough, current solana could be said quite boring, even memes are now that are booming not consistently in solana.
it needs more and more innovation.

Mate2237

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Solana should work on their network congestion and everything will be fine and for now Solana is not among the recommended altcoins to invest because we can't pay high transaction fee to invest in a project and waited for months or years yet there is no improvement and if care is not taken then you invest as lost if the price is not appreciating instead it is reducing. Solana and Ethereum were doing well. And the market right now is not nice to recommend. I am not even sure that in the next few months it will be okay for people to start the investment.

I will check out the network tomorrow or this to see if the congestion issue has been resolved. Because the last time when I checked it is very bad. Normally Solana is a good project to invest.

andyou1234

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In my opinion, Solana is one of the altcoins that has very high potential and popularity in the crypto market, even though currently Solana is rarely talked about, Solana is very worthy of being a long-term investment, the proof is that up to now Solana can still survive and still is in the top 10 CMC, to be honest, I personally still keep Solana even though it's not that much, but the profits I get now are very good,

Topic: Solana price predictions and developement? - page 2. (Read 517 times)