Solana takes back top 10 position | Bitcointalksearch.org

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Quote from: Blitzboy on January 26, 2023, 01:46:27 PM

Solana is promising, based on what I have read. They do have a fast blockchain. But above all, they have a great community that understand how powerful Solana is. In my country, the number of Solana developers is only less than the number of Solidity developers. And there have been several start-up companies using Solana for their layer 1. FTX is an absurd event. If Solana survive through this winter, I believe it deserves to stay in the top 20 for next 10 years

I intend to hold Solana but I am quite too late. If the price goes lower, I will definitely accumulate a lot.

Can't agree more. The implosion of FTX is actually beneficial for the long-term health of the ecosystem. Sam/Alameda has been using the Solana ecosystem to inflate their balance sheet by launching high FDV, low cap coins (MAPS, OXY, SRM, etc.).

This is one of the reasons why I believe that Solana will remain one of the top alts in the coming years: the bad actors have been removed, the network is now stronger than ever, and the community is still active and engaged despite the events of last year.

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Quote from: Abiky on January 20, 2023, 07:02:31 AM

Quote from: KiaKia on January 15, 2023, 03:59:52 AM

Solana is once again a top ten coin, I am starting to feel like I will regret not buying solana and hold for a long time because if this project survive it will bring the highest ROI in the list of top coins on coinmarketcap, the present value is even looking good, what is your take on Solana? Are you a believer or you think it won't do well for long.

Whales keep pumping SOL for unknown reasons. But if the Solana blockchain itself keeps failing, the pump won't last for long. Just because it's among the top 10 ranks in market cap, doesn't mean it's worth the investment. Market cap is just the calculation of the coin's total circulating supply multiplied by the current market price. What really matters is the project's real use cases to the mainstream world.

So far, it's been driven by hype instead of delivering concrete results to the public. There has been so many network outages in the past, which greatly damages Solana's reputation. With the FTX collapse, SOL will lose traction in the long run (especially when FTX was a major investor of the coin). There are far better alternatives that are much more reliable and decentralized than Solana. Instead of focusing on Solana, why don't you take a look at Cardano or Polygon instead? Just my thoughts Grin

Solana is promising, based on what I have read. They do have a fast blockchain. But above all, they have a great community that understand how powerful Solana is. In my country, the number of Solana developers is only less than the number of Solidity developers. And there have been several start-up companies using Solana for their layer 1. FTX is an absurd event. If Solana survive through this winter, I believe it deserves to stay in the top 20 for next 10 years

I intend to hold Solana but I am quite too late. If the price goes lower, I will definitely accumulate a lot.

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Quote from: solehdavid on January 21, 2023, 12:38:06 PM

i thought solana would somehow get back to the top 10 but to be honest this happened sooner than i expected. still if i had to choose between the two coins i would prefer etherium even if solana is recovering. in the long run i expect a lot from etherium

FTX is not owning solana. that's why people were not losing their trust to the solana. People are staring to trust solana again after there was a good partnership has come. You might see another token was pumping so hard like aptos.
Solana has been gaining the trust by investors again. I'm not feeling doubt if solana can come back again at the top but for me solana was over rated altcoin at this moment consider so many bad cases that happened with it

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Quote from: KiaKia on January 15, 2023, 03:59:52 AM

Solana is once again a top ten coin, I am starting to feel like I will regret not buying solana and hold for a long time because if this project survive it will bring the highest ROI in the list of top coins on coinmarketcap, the present value is even looking good, what is your take on Solana? Are you a believer or you think it won't do well for long.

Well, i am definitely not a believer in Solana as a long term coin, basically i consider pretty much all altcoins to be short term projects, they are more or less coins you acquire for short term profits which you accrue by selling off quickly when the coins pump, and later you go in search of other coins that are yet to pump, it is pretty risky to do, and akin to gambling, but if you get it right more often than not you might make some decent ROI.

Having said that, if you believe in SOL, then buy it, but make sure it is after you have done your own research, SOL has had a very unstable movement in the last couple of months, whilst i don't think it might survive at the top and be valuable for a long time, i might as well be completely wrong, every investor should do their research and take a stand on what to do, but personally i wouldn't buy SOL now.

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Quote from: Xal0lex on January 24, 2023, 08:35:23 AM

Although Solana is often referred to as a project that is pumped up by market makers from large funds, at the same time, a large number of NFT projects are unfolding on this network. Demand for the blockchain space was high even during the bearish trend. Despite its return to the top 10, Solana will have a long time of trouble with its blockchain, which is still in beta stage.

That's odd. I wonder why NFT creators prefer Solana as their blockchain network of choice when it's constantly a victim of network outages? I'm aware that there's no other blockchain as fast and cheap as Solana (please correct me if I'm wrong), but reliability/stability issues would force people to look elsewhere. Despite the setbacks, I'm hopeful Solana will deal with its issues in the long run until it becomes a "force to reckon with". It could rival the very existence of Ethereum, Cardano, and many others if developers lead it into the right direction.

SOL's market price was severely affected by the FTX collapse (the exchange had investments in the cryptocurrency after all), so it's going to take a long time to recover. Who knows if you get to cash out huge profits after it goes to the moon? Just my thoughts Grin

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Solona (SOL) coin is the fundamentally strong coin. Solona coin proved to be one of the most talked about this coin in the crypto space it past year. It seems that by 2030, the price on SOL coin can reach $300. So, if you want to invest in crypto & want to give pump to your investment try to invest in best currencies like eth, btc, SOL.

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Quote from: Abiky on January 23, 2023, 10:53:08 AM

Quote from: FanEagle on January 21, 2023, 10:55:22 AM

The key to SOL's future will be getting more and more projects. They are on the right track by attracting projects that could attract investors. They do not need to get investors directly to SOL, that's what the newbie tokens and such do, that's not the way SOL will go up.

However, if they could end up with getting huge projects based on SOL's network, that could be a lot better and it would definitely give them an edge over everyone else. That's what ETH and BNB did and they are at the top, and that is exactly what SOL need to do in order to make a noise. They do it, but not at enough levels and should be doing something higher for sure.

What sense would it make to attract more projects into the Solana network, if the same is literally broken? Developers must first focus on fixing the network's inherent issues, before talking about attracting the masses. They don't seem to care about putting Solana back in order, especially when there's a lot of money to be made. SOL is purely driven by hype, so I'd suggest you stay away from it if you want to prevent losses in the long run.

Whales may be keeping SOL among the top 10 ranks in market cap, but that may not last for long because of the reasons mentioned earlier. Who knows if Solana ultimately becomes history? Just my thoughts Grin

Although Solana is often referred to as a project that is pumped up by market makers from large funds, at the same time, a large number of NFT projects are unfolding on this network. Demand for the blockchain space was high even during the bearish trend. Despite its return to the top 10, Solana will have a long time of trouble with its blockchain, which is still in beta stage.

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Quote from: FanEagle on January 21, 2023, 10:55:22 AM

The key to SOL's future will be getting more and more projects. They are on the right track by attracting projects that could attract investors. They do not need to get investors directly to SOL, that's what the newbie tokens and such do, that's not the way SOL will go up.

However, if they could end up with getting huge projects based on SOL's network, that could be a lot better and it would definitely give them an edge over everyone else. That's what ETH and BNB did and they are at the top, and that is exactly what SOL need to do in order to make a noise. They do it, but not at enough levels and should be doing something higher for sure.

What sense would it make to attract more projects into the Solana network, if the same is literally broken? Developers must first focus on fixing the network's inherent issues, before talking about attracting the masses. They don't seem to care about putting Solana back in order, especially when there's a lot of money to be made. SOL is purely driven by hype, so I'd suggest you stay away from it if you want to prevent losses in the long run.

Whales may be keeping SOL among the top 10 ranks in market cap, but that may not last for long because of the reasons mentioned earlier. Who knows if Solana ultimately becomes history? Just my thoughts Grin

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Quote from: mich on January 22, 2023, 12:43:10 AM

Solana is now #10 on coinmarketcap and has taken the lead over Polygon. SOL is up 10% just in the last week with total marketcap of $9.2 billion.

I think much of this is because that Bitcoin also up 10% is the last 7 days. Since Bitcoin is up more then 50% from the 'bear market' and SOL has more then doubled since the crash of FTX now we are seeing more confidence in investors.

It seems the competition for that last spot on the top 10 is undergoing very heavy competition, because as of now Solana is outside of it again and now the spot is being held by OKB, which should not be surprising as there is only a difference of 170 million between OKB, SOL and MATIC, so even the slightest change in the value of those coins allows one of them to take that spot for themselves, and while holding such a spot may seem useless, it is not, as many investors are only interested in the top coins in the market.

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Solana is now #10 on coinmarketcap and has taken the lead over Polygon. SOL is up 10% just in the last week with total marketcap of $9.2 billion.

I think much of this is because that Bitcoin also up 10% is the last 7 days. Since Bitcoin is up more then 50% from the 'bear market' and SOL has more then doubled since the crash of FTX now we are seeing more confidence in investors.

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Quote from: solehdavid on January 21, 2023, 12:38:06 PM

i thought solana would somehow get back to the top 10 but to be honest this happened sooner than i expected. still if i had to choose between the two coins i would prefer etherium even if solana is recovering. in the long run i expect a lot from etherium

that sounds like right decision because comparing ethereum with solana certainly ethereum will become better investments in the long run even though it has lost so much of its value but that's also reason this coin gonna recover fast, meanwhile solana there's still many uncertainty, the value indeed increase quite high enough but that certainly doesn't mean their value gonna hold for long.

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Quote from: solehdavid on January 21, 2023, 12:38:06 PM

i thought solana would somehow get back to the top 10 but to be honest this happened sooner than i expected. still if i had to choose between the two coins i would prefer etherium even if solana is recovering. in the long run i expect a lot from etherium

Ethereum is more established than Solana so we can clearly see the edge of Ethereum when comparing them. However, Solana has been through ups and downs since last year but it's a good thing that it recovers and still reaching a good spot. It simply means that lots of investors still trust it. Solana still has a good potential to still recover continuously and reach a better value especially when the market recovers completely.

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i thought solana would somehow get back to the top 10 but to be honest this happened sooner than i expected. still if i had to choose between the two coins i would prefer etherium even if solana is recovering. in the long run i expect a lot from etherium

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The key to SOL's future will be getting more and more projects. They are on the right track by attracting projects that could attract investors. They do not need to get investors directly to SOL, that's what the newbie tokens and such do, that's not the way SOL will go up.

However, if they could end up with getting huge projects based on SOL's network, that could be a lot better and it would definitely give them an edge over everyone else. That's what ETH and BNB did and they are at the top, and that is exactly what SOL need to do in order to make a noise. They do it, but not at enough levels and should be doing something higher for sure.

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Quote from: Abiky on January 20, 2023, 07:02:31 AM

Whales keep pumping SOL for unknown reasons. But if the Solana blockchain itself keeps failing, the pump won't last for long.

Two days ago or so i was pretty sure, that a correction of the recent Solana price pumps was imminent and that we would see the price go back to the range between 16 and 18 dollars. Now it is obvious that the complete opposite has happened and now Solana is standing even 20 % higher than it was a few days ago. Thank god i did not buy any short options of Solana. Now it feels to late though for me to invest into Sol it just feels wrong for me to buy sonething that did cost 50% less 2 weeks ago.

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even though solana was somehow got entangled up with some of the collapsing platform it can't be denied that it somehow holds up its value really well instead it's even rising even though it was partly because of the meme coin but regardless it's still good feat anyways.
I think solana could easily regain its position above the rank of 10 if it could keep rising in value, we still don't know how solana will performs in bullish market but at least it's already having some good starts even before bullish.

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Quote from: Abiky on January 20, 2023, 07:02:31 AM

Quote from: KiaKia on January 15, 2023, 03:59:52 AM

Solana is once again a top ten coin, I am starting to feel like I will regret not buying solana and hold for a long time because if this project survive it will bring the highest ROI in the list of top coins on coinmarketcap, the present value is even looking good, what is your take on Solana? Are you a believer or you think it won't do well for long.

Whales keep pumping SOL for unknown reasons. But if the Solana blockchain itself keeps failing, the pump won't last for long. Just because it's among the top 10 ranks in market cap, doesn't mean it's worth the investment. Market cap is just the calculation of the coin's total circulating supply multiplied by the current market price. What really matters is the project's real use cases to the mainstream world.

So far, it's been driven by hype instead of delivering concrete results to the public. There has been so many network outages in the past, which greatly damages Solana's reputation. With the FTX collapse, SOL will lose traction in the long run (especially when FTX was a major investor of the coin). There are far better alternatives that are much more reliable and decentralized than Solana.

That is why I don't recommend investing in hyped projects, not it looks scammy but the situation is kinda a sort of warning as to what will happen after the price surge. Because in the bear situation of the market, you'll gonna be wondering why this is happening to Solana when the majority are in the dip. Of course, we can really think and assume that there is manipulation happening in this project, and investing in them could have something terrible to happen when the hype is over.

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Quote from: KiaKia on January 15, 2023, 03:59:52 AM

Solana is once again a top ten coin, I am starting to feel like I will regret not buying solana and hold for a long time because if this project survive it will bring the highest ROI in the list of top coins on coinmarketcap, the present value is even looking good, what is your take on Solana? Are you a believer or you think it won't do well for long.

Whales keep pumping SOL for unknown reasons. But if the Solana blockchain itself keeps failing, the pump won't last for long. Just because it's among the top 10 ranks in market cap, doesn't mean it's worth the investment. Market cap is just the calculation of the coin's total circulating supply multiplied by the current market price. What really matters is the project's real use cases to the mainstream world.

So far, it's been driven by hype instead of delivering concrete results to the public. There has been so many network outages in the past, which greatly damages Solana's reputation. With the FTX collapse, SOL will lose traction in the long run (especially when FTX was a major investor of the coin). There are far better alternatives that are much more reliable and decentralized than Solana. Instead of focusing on Solana, why don't you take a look at Cardano or Polygon instead? Just my thoughts Grin

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even though i've missed the chance with this coin when it got its value decreasing so significantly but I guess considering the fact that this coin still far from its all time high, quite fair enough to say that this coin recovery isn't that great, I'd say this coin will make it back to their former glory once they at least reached 75% of its all time high even though many said that probably already too late but with this coin i'd always rethink the decision twice before investing.

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Quote from: Kelvinid on January 18, 2023, 09:09:02 AM

Quote from: RAppleby on January 18, 2023, 04:53:33 AM

Solana is undoubtedly a serious competitor to Ethereum. Any project has advantages and disadvantages. I think Solana's processing speed is very fast. I like that very much. In contrast, the transaction processing speed of Ethereum is indeed a bit slow, and of course some people may not care about it. Matic can be seen recently. I wonder if the adoption of Polygon network by major companies has attracted the hype of Matic, but I also like Matic and bought it a long time ago. Solana's main focus is scalability and user-friendly applications, making it one of the best options for developers when considering a new blockchain platform other than Ethereum.

New projects like Solana have a great advantage when it comes to transaction fees and speed of confirmation compared to ETH. Therefore, it was expected that some ETH or ERC20 users will take Sol as their option. But if we talk about market potential profit, ETH is still unbeatable. Long-term investors will certainly be choosing ETH over Sol or any other altcoins. But something it was not a smart choice for short-term investors and for traders, they are practical enough when it comes to moving their coins as they could save transactions cost using Solana.

The problem with all of those coins which have tried to replace ethereum as the number two coin in the market and the most dominant altcoin is that at the beginning they seem to have the potential to replace it as they are faster and cheaper, but once they get to a certain size they begin to face the same problems ethereum has, and when that happens people stop supporting the coin with the same enthusiasm as if both coins have the same issues then they will prefer to support the coin which has the longest history in this market and which has a higher value.

Topic: Solana takes back top 10 position (Read 609 times)