Post
Topic
Board Speculation (Altcoins)
Re: Solana - Is it still good to buy or it's FOMO
by
merekamo
on 12/02/2024, 12:39:19 UTC
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.
Solana recent gains have been influenced by lots of speculation and news. While it's tempting to jump in due to Fomo, it's crucial to remember the volatility of the crypto space. If you're comfortable with potential losses and feel Solana has good prospects, and think why to buy it. But, for now and we know it's to go harving, it's has time little bit to earn profits, maybe 50-50. However, if you suspect a market correction, it might be smarter to wait for a lower buy-in.