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 Solana took a massive hit during the whole FTX scandal and the following bankruptcy of FTX. Back then Solana dumped way harder than any other big crypto project (except the FTX token itself of course) mainly because Alameda Research and therefore FTX were the main investor of Solana. Then the panic of the other investors came and it dumped even lower. So it is no big surprise to me that Solana is now gaining a little more in the last few days were we have seen pretty nice gains in the entire crypto space.
I also think though, that this is not the start of a real bull run yet and that we are seeing at least a few setbacks before the bull really comes.