Quote from: JeffBrad12 on Today at 12:13:59 AM

Quote from: Balmain on January 01, 2024, 11:15:38 PM

Quote from: cakravothy on December 25, 2023, 07:21:14 PM

solana price has risen very high from its lowest price, and it is probably not the right time to buy because the increase is no longer significant to make a big profit.
if you want to buy it's better to wait for the price to decline first or correct the price first because next year the halving price of almost all coins will definitely go up again.

After the halving, there will be a general expectation of an increase due to limited supply, and this is normally the case. Sol rose from 250 dollars to 8 dollars and rallied again, reaching an extreme level in price. Such movements occur less frequently in the market, but as you know, we are in a market where volatility is generally high. In my opinion, the price seems high, but we have witnessed an increase despite this. We do not know what will happen, but I am focusing on other opportunities.

the might be another rally for sol, as bad as the coin is rumoured to be with all the outages and so on, so many people favour this coin, threfore i believe people will keep pumping this coin, they also mostly really like solana because it is cheap blockchain. you know despite the fact that solana is having so many problems in the blockchain majority people just doesn't care what they care is that they are investing and soon their money will grow, thats it.
so its no wonder that even though many people that judge from the technical aspect just doesn't really favor solana but people are still investing in it.
im expecting it to be getting back on its all time high again after all this coin is the among the most popular with trading volume thats really high but for anyone that tries to invest these days, its gonna be a lot risky because the value is already too high, we are already 10x of initial price already with solana don't think any new investment gonna be safe from sudden dumping.

Solana is a solid coin theoretically, a good competitor that could easily outshine Ethereum. But there were and are controversies and accusations surrounding Solana. along with its internal problems, external factors like bankrupt FTX is holding about 15% of Solana which they are required to gradually dump. With so many issues, I don't think Solana would have any upward rally unless their another overall bull run in crypto. They already did a x6 last month. I'm waiting for Solana to fall below 100 to buy it again.