Post
Topic
Board Speculation (Altcoins)
Re: Can Solana hit $40 this year?
by
peter0425
on 20/03/2023, 01:35:04 UTC
I don't recommend buying or selling it, as that will throw your previous research into chaos. Sol is not a preferred choice for me in this market, but the expectations you set are very pleasant and completely achievable.
We've also seen a startling recovery from Sol over time, but the problems it has are questionable, and there are much better options here.
Op does not specify if he will buying and selling instead he is more curious if this will hit 40 bucks this year or at least the next(halving season)
though what you said is also correct that SOL is not a preferred choice for buy and sell but at least consider purchasing when its low and selling when its high.
and indeed that there is a recovery for SOL today and this whole week.
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.

In my point of view, the Solona network is more on the centralized side rather than a decentralized network. First, they need to handle that issue.  If you are a long-time holder, better to invest in bitcoin rather than altcoins. Please do both fundamental and technical analysis before investing in any coin.
but always consider diversification mate , because we knew how bitcoin affect altcoins and finding best one will also add flavor to your profiting.