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?
I think Solana is a very good to be used as a long-term investment, because the price can still increase very high again from the current price, especially if there is an altseason, then of course the price of Solana can definitely create a new ATH price again, so now is the right time to invest in Solana and hold for the long term, because I think the current price of Solana is still low.
Honestly, we become optimistic because we are able to see this project is growing this time but somehow we can't be sure of its future, even for top coins like Bitcoin and ETH. It is just we live into a positive presumption where the fact is that we really don't know what will happen 10 years from now if this project will still exist or not.
I know Solana it looks promising but to think about selling my Bitcoin for this sake, this is not the best idea, absolutely. Why not raise some funds intended for Solana without selling anything like Bitcoin? This will be a smart thing to do rather than selling Bitcoin.