Solana has been in rally for a while as lot of speculations and news around it and new tokens on it's ecosystem has been credited for it's rally, shall we consider this as beginning and is it a good time to take entry? Someone new to crypto would say "Yes" but those who has been here for a while would be hesitant because we have seen SOL rising from $15 to $259 and then witnessed the downfall as well to less than $8.
I personally feel little bit confused because somewhere I feel if I enter now then I will be doing it in FOMO. Please share your opinion whether we can still take entry or should we wait if there would be any possible market correction and this is not for long term investment.
I think solana is not undervalued any more and if you didn't take entry before the rally you are late. The maximum it can go from here is 3X to 4X i think. Also current hype is driven by the potential airdrop in solana ecosystem and once its gone and people move into a new ecosystem, the price will drop eventually. But the rally it made is really amazing and unexpected. At some point i lose hope that solana would not be able to cross 40$ but it seems i was wrong. I must say they have the best marketing team in the whole industry.