Solana is a new promising altcoin that surpassed dogecoin to be ranked up to seventh place on CMC. And based on its price last August 15 2021 it is only 44$ and now its current price is 157$ based on that super Sonic price movement from 44$ to 157$ for just one months, I think Solana is good for short term investment, what would be your insights about this guys. Good for long term or short term investment?
There is no doubt that it suits only for long-term investment. It is on the highs now, so if you buy now for short-term, you will definitely lose. I agree that Solana is a very promising altcoin, but I am not sure if there is a good time to buy now. What you certainly shouldn’t do is to exchange Bitcoin to Solana, you should have one part in more conservative assets (Bitcoin) and one part in more risky currencies (Solana) - diversify!