Solana - worth it in 2024? | Bitcointalksearch.org

Bureau

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Quote from: jaberwock on April 12, 2024, 10:29:06 AM

Before these airdrops and meme coins came in Solana, the coin is already popular because it has a good background. They are like a bonus only for those who believe on the coin's potential, especially during their darkest times. Not all loves airdrops because they are not lucky to get rewarded and even if they do, they are not satisfied with it.

Also, airdops are from tokens under Solana and not the coin itself, so it's not the one that they will be buying. Meme coins on the other hand, have no real direction, so it's kinda odd if we call them successful. Solana already proved its worth over the years, so it's definitely one of those cryptos which are a must-buy.

For the whole of 2023, SOL price hovered around $16 to $26. Everything changed when a couple of projects within its ecosystem announced airdrop and after that, there were a few meme coins that took off which caused the hype. This is not the first time they got such hype it happened before 2021 due to which in 2021 it got a new ATH. I am not against SOL but I think it is now an overhyped project and since the hype is due to the projects that are using its ecosystem that is why the price went up. Just a reminder the SOL token is the fuel that is required to use its blockchain.

Essential10

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Solana is one of the top coins and this coin has performed well this year. Many have invested in the Solana project. Bitcoin is about to halve so the correction is starting to take place as well as the top altcoins are following Bitcoin. Solana price today is $134, although it was above $200 a few days ago. Solana coin is difficult to predict but the price is low now, so now is a good time to invest. Maybe a future Solana will be much stronger and even make a new ATH in terms of value.

justdimin

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Quote from: deathcode on April 12, 2024, 10:49:44 AM

Quote from: doubletheprof on April 09, 2024, 04:46:56 AM

Recently I dived more and more into the solana altcoin and I wondered wheter it is too late to jump into it or not?

I still believe Solana's growth in the market has a long way to go. The use of the Solana ecosystem is currently getting bigger. and that will be good for their market in the future.
you just need to plan your investment in Solana. it's never too late to invest. The most important thing is that you have self-control and the right understanding regarding investment. so you won't be too quick to conclude that you made the wrong decision when you just entered.

I agree that SOL has a long way to go, and I am not entirely sure if it will though. It looks like it may do well enough, but at the same time I believe that we are talking about something that may not be all that easy to handle neither. So, we should consider what kind of situation we would be in, and I feel like it is going to be something that will take a bit of a time as well.

Hopefully, we will see the situation change as much as we can, and it is not going to be all that simple to fix. What I can see right now is the fact that we are not really making big strides at SOL but the tokens in SOL chain are making big changes, so I believe that eventually it will help SOL to grow further if this type of hype continues more.

ajiz138

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It's not too late if you want to chase ATH prices but will the prices go there? I don't know.

The Solana network has been downtime a few times this has caused a lot of congestion transactions somehow in times like this there are still many people buying to invest, there are also those where they buy because of a need for the Dapps ecosystem.

If my prediction is maybe the Solana price can strengthen again but I myself have never invested in this coin except a few times for transaction needs.

Coyster

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Quote from: doubletheprof on April 09, 2024, 04:46:56 AM

Recently I dived more and more into the solana altcoin and I wondered wheter it is too late to jump into it or not?

You have to DYOR, people who are hodling Solana would prolly tell you to buy the coin, so you should not depend on information you get from others, but that which you got through your own research. I don't own any Solana, but i usually see their users complaining of bugs and "transaction failures" in the network, i don't know for sure how bad it is, but if they are constantly faced with problems like this, then their network might not be sustainable for the long term.

Oneandpure

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Currently Solana network got congested almost longer time more than several days ago, I doubt its can give positive impact in the future for Solana coins try break out above $200.
Just giving little suggestion for every one interested want to invest or buy Solana coins because I got problem by sending some coins with Solana network after get congested and more patience needed if want sent or deposit to exchange wallet.
Actually, Solana coins get very good development after crashing last several years ago and success recovery almost raise up above $200 but the maintance of their network currently is serious problem for investor how get their trusted if Solana can't running well with their network.
Invest with Solana coins keep worth it right now just anticipation if trouble with network can't solve as soon possible scare with potential of Solana price will drop.

Sophokles

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If you are farming solana ecosystem airdrop then you can hold solana. you will get its ecosystem airdrop and on top of that you will get upto 5x return of your investment. Solana already pumped from 10$ to 200$. That means some investors are in a high profit margin and if it made another 20X from here that will be too much volatile.

deathcode

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Quote from: doubletheprof on April 09, 2024, 04:46:56 AM

Recently I dived more and more into the solana altcoin and I wondered wheter it is too late to jump into it or not?

I still believe Solana's growth in the market has a long way to go. The use of the Solana ecosystem is currently getting bigger. and that will be good for their market in the future.
you just need to plan your investment in Solana. it's never too late to invest. The most important thing is that you have self-control and the right understanding regarding investment. so you won't be too quick to conclude that you made the wrong decision when you just entered.

jaberwock

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Quote from: Bureau on April 10, 2024, 01:05:22 AM

All those hype about Solana is only due to the fact that there are multiple airdrops that are happening in its ecosystem. People love airdrop and that is why everyone wants to buy Solana. Another factor which is driving the hype are meme coins success in its ecosystem. Apart from these two factors nothing make Solana a blockchain to look forward to. I think you should do your own research on Solana and then decide whether you want to invest or not.

Before these airdrops and meme coins came in Solana, the coin is already popular because it has a good background. They are like a bonus only for those who believe on the coin's potential, especially during their darkest times. Not all loves airdrops because they are not lucky to get rewarded and even if they do, they are not satisfied with it.

Also, airdops are from tokens under Solana and not the coin itself, so it's not the one that they will be buying. Meme coins on the other hand, have no real direction, so it's kinda odd if we call them successful. Solana already proved its worth over the years, so it's definitely one of those cryptos which are a must-buy.

Tipstar

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Quote from: doubletheprof on April 09, 2024, 04:46:56 AM

Recently I dived more and more into the solana altcoin and I wondered wheter it is too late to jump into it or not?

Considering how high the price of the first smart chain token Ethereum is, it's no doubt Solana could have a similar feat and reach at least $1000 in a couple of years. Provided there are no large setbacks to the network like huge hacks, lookholes and network shutdowns. If Solana kept on working as intended I don't see why they would not reach 1K. The fees are cheaper and the transactions fast. The market is ever growing and they might be the network of choice for most developers in a few years.

bluebit25

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Quote from: doubletheprof on April 09, 2024, 04:46:56 AM

Recently I dived more and more into the solana altcoin and I wondered wheter it is too late to jump into it or not?

The ironic reality is that the more you doubt, the more it will increase in price. It's better for OP to have a specific plan first. Arrogance is how much you buy at the current price and how high you expect it to go, and also how much you are prepared for a drop in price. I was also on the sidelines with SOL, but was happy to see it still very vibrant with many things revolving around the ecosystem.

One thing I find really funny is that as the bull cycle gets easier, the tech stories are fading away, now in most of the ecosystem I just see memecoins taking over. Perhaps this is their strategy. But going back to SOL, I also appreciate it because it still maintains its position in the market, but I personally do not choose it in my investment portfolio and perhaps it is just a personal opinion.

Bureau

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All those hype about Solana is only due to the fact that there are multiple airdrops that are happening in its ecosystem. People love airdrop and that is why everyone wants to buy Solana. Another factor which is driving the hype are meme coins success in its ecosystem. Apart from these two factors nothing make Solana a blockchain to look forward to. I think you should do your own research on Solana and then decide whether you want to invest or not.

terrific

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Quote from: ndutndut on April 09, 2024, 06:29:13 PM

But Solana Chain is the best currently for web3 adoption, have tried all other major blockchains but Sol is overall suitable to invest in other than bitcoin. So it's never too late to invest in Sol because for me Sol will increase again with the influence of the bitcoin halving. In my opinion, Sol is still worth buying and holding, because the fees are cheaper and the transactions are more numerous than other altcoins under Sol.

Right now it is one of the best because of the liquidity that it has got, there are some other networks that I think are also good.
But it's just that sol is getting more attention right now. With many airdrops and web3 projects building there, no doubt that it is a good investment nowadays.
You're late? maybe but many have said that when it's $18 dipped.

ndutndut

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Quote from: doubletheprof on April 09, 2024, 04:46:56 AM

Recently I dived more and more into the solana altcoin and I wondered wheter it is too late to jump into it or not?

There have been too many blockchains built, with various types of technology offered, but none of them can stand alone in terms of price, but the benchmark is Bitcoin. Here are the facts

But Solana Chain is the best currently for web3 adoption, have tried all other major blockchains but Sol is overall suitable to invest in other than bitcoin. So it's never too late to invest in Sol because for me Sol will increase again with the influence of the bitcoin halving. In my opinion, Sol is still worth buying and holding, because the fees are cheaper and the transactions are more numerous than other altcoins under Sol.

goaldigger

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Quote from: doubletheprof on April 09, 2024, 04:46:56 AM

Recently I dived more and more into the solana altcoin and I wondered wheter it is too late to jump into it or not?

The price is still good to buy as many predicting this coin to jump higher as they have a better plan in the coming years. Though when buying you should analyze its trend so you can know by yourself where the price is heading and if you think it’s already over price, then wait for some correction as the market is hyped right now, for sure correction can still happen and that’s a good opportunity to accumulate. The future looks good with SOL, and I’m also playing long with this coin.

lalabotax

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Quote from: doubletheprof on April 09, 2024, 04:46:56 AM

Recently I dived more and more into the solana altcoin and I wondered wheter it is too late to jump into it or not?

Very worth it. Solana has become one of the top coins with very high development potential. Even now, Solana is one that can compete with Ethereum and BNB very quickly. We understand their progress so far, prices continue to rise quite significantly. Solana also has several projects that are really interesting. One of them is their mobile phone. This is truly extraordinary, so let's just wait and see how Solana's price develops in the bullish era.

Quote from: Kelward on April 09, 2024, 03:03:32 PM

This is the crypto space and news affects there prices, so you don't expect any crypto coin to have a smooth sail and keeps increasing indefinitely, they're volatile by nature and that's why pump and dump occurs.

It cannot be denied that news will have a very big impact on the development of the price of a coin. Likewise with what happened with Solana, but apart from that, Solana actually has many developments that can make the hearts of many investors. Because its fundamentals are strong and its development is also very rapid. So yes, there is no doubt that with the news, this coin will become even cooler.

BitMaxz

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Quote from: Husires on April 09, 2024, 07:07:34 AM

The opposite may happen and some investors panic and sell their balances, the network is so crowded that you cannot broadcast any transaction. Solving this problem is not something that will push the price higher, as they claim that it is the fastest and cheapest blockchain.

Solana may witness further increases by the end of the year, but I do not expect that in the short term, so the next decline may be an ideal buying opportunity.

That's the current issue but we do not know yet what will happen after April 15 I checked the current price action on the chart it's currently forming a symmetrical triangle in 1 one-hour time frame it's not done yet to be formed but based on the size of the triangle it ends on April 15. Since the price came from declines and patterns(Symmetrical triangle) it turns out to be bearish this coming April 15. So you might be right.

Look:

LogitechMouse

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Quote from: doubletheprof on April 09, 2024, 04:46:56 AM

Recently I dived more and more into the solana altcoin and I wondered wheter it is too late to jump into it or not?

Any top coin's for the next 2 years will increase that's for sure.
It will not be Solana only, but all top coins will increase in price.

We are entering the bull market soon a few months after the Bitcoin halving event and base on my experience, all of the top coins will at least double it's price or even more. The only thing that's not certain is that, some of the altcoins don't even surpass their previous ATH in 2021. I've seen some coins experiencing that, and there will be some this time as well especially those top coins that's considered "unpopular".

As for Solana, it's previous ATH was around $260 and I believe that it will be surpassed considering how it became popular for the last few months. I'm not holding the coin, but I'm bullish about it despite it experiencing some outages in the past.

OgNasty

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Solana is one of those coins that the believers think will replace Bitcoin someday, while the skeptics say it is total centralized garbage that is nothing more than an excel spreadsheet. I think the truth probably falls in the middle somewhere. Big companies like Google have embraced Solana, which means it isn't going away anytime soon (although Google abandons projects faster than any company I've ever seen). It also has some merit for NFTs and I could see a popular metaverse being built on it. However, the price increase from $8 to $180 is sure to keep some people on the sidelines as that has been one of the more explosive crypto rebounds so far this cycle.

Oasisman

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Quote from: doubletheprof on April 09, 2024, 04:46:56 AM

Recently I dived more and more into the solana altcoin and I wondered wheter it is too late to jump into it or not?

Solana's price still considered high currently, though it's down 30%-40% from it's ATH. You could always try DCAing, it might fall below $150 or it can go close to $120, who knows. Besides, Solana has not had any resolution on their network issues. Network outage is the most common issue for Solana and this could also be the reason to a possible down fall. So, I advise to be patient with your investments and don't put it in just alt, you may want to diversify it as altcoins is a lot riskier than bitcoin.

Topic: Solana - worth it in 2024? (Read 182 times)