Quote from: Abiky on January 20, 2023, 11:02:31 AM

Quote from: KiaKia on January 15, 2023, 07:59:52 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.