Post
Topic
Board Speculation (Altcoins)
Re: Can Solana hit $40 this year?
by
kotajikikox
on 05/11/2023, 10:24:57 UTC
Well Solana did get to $40 this year and than some more. Bitcoin price did pass $35,000 and Solana was at a price of $46 just yesterday.

It was up 16% and is now up more then 30% just in the last 7 days to lead all other alt coins in top of coinmarketcap. https://www.coindesk.com/markets/2023/11/01/bitcoin-retakes-35k-after-fomc-as-solanas-sol-leads-sharp-altcoin-rally/
staying at almost 42 dollars now and holding a 26% increase in the last 7 days according to Coinmarketcapitalization https://coinmarketcap.com/currencies/solana/ so i think this is enough for OP;'s question to be answered and is it really hitting 50$? that is something that we can wait to happen .
do you know many solana project already move to polygon and ftx stuff wont go away easy, no matter what it will stick that way for long time
solana trade like hot potato, dont makes for long term bag, and most of their ecosystem was built in by the team not real adoption
well tell that to the supporters that specially seeing the potential growth as we can see now, but like what you said their ecosystem isn't that nice for long term investment so better leave when its hot.

If the OP by chance invested a significant amount of money by the time he posted this thread, which was about $20 at that time.
He is already getting 2x and more of his money. This is why if you have good feeling about the project, just throw some of your extra funds and wait.
But this will only be true to top alts like SOL, which is in the top 10 alts. But if you happen to invest in a pump and dump coin, those 8 months of waiting, will be a nightmare.
Because more than likely, such coin already exited the market in that time frame. So better assess the project you want to get in.
and that's what I'm asking here mate , about how much OP capitalized that time and how much is he earning now(of course if he kept all his holding till now)

x2 is so much High for me considering that this happens for just a several months .

but also my question is that Do SOL really has that strong hold till the next months ? or this will only for some time now and again will drop to original price like that 20$ value when he invested .