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.
In my opinion, it is still very possible for you to enter Solana now because many people choose Solana over ETH because the network and fees are very expensive, but still do your own research on the coins you want to buy and as much as possible stay away from investments that you don't know what they are. you invest, I personally will buy Solana now
thats definitely not the reason here, so many people choose solana because it is hype, if people just want some cheap fee then there are so many of ethereum L2 out there, that basically only charge pennies for transactions.
the truth is, people buy solana because well some whale pumped it first then people are so fomo'd right now its like almost reaching its peak, but in the future when another waves of bullrun finally come again then it will rise again, as many of us already know thats the cycle of hyped coin these days. not to mention the fact that there has been many airdrops occurring in solana.