I was looking for some coins to buy in the market,and I discovered that Solana price is too low for me to use huge amount of money to buy and hold like the way I have used my salary to purchased Bitcoin last month. Solana price has decreased to $19 few days ago that made me to ask if the price will increase to $40 this year, do you believe Solana investors will experience $40 or more than $40 this year? I have seen many massive moved of other coins price that made me to feel the same with Solana price because am very ready to invest in Solana, if I can get positive answers from this topic.
I honestly don't prefer coins that faced problems before or were involved in a scam case. Solana may have a lot of supporters, but I believe they support it because they became bag holders after the crash that happened due to the FTX collapse. It seems to have survived the bad situation as the price has bounced back to the normal price compared with other altcoins. However, some new bad news concerning its relationship with SBF might appear, so I prefer to stay away from it. In addition, the founders still control a large part of the supply, if I'm not mistaken. One more disadvantage is that it has an infinite supply.
To me, as there are many other platforms that do the same as Solana, like Avalanche, I tend to choose the safest investment. That is why ETH takes the majority of my altcoins portfolio.