Determining whether Solana is a good investment or a result of FOMO (fear of missing out) depends on various factors including your investment goals, risk tolerance, and the current market conditions . Solana's groundbreaking technology and growing ecosystem have attracted significant attention from users. As a result its value has increased. Understanding Solana's fundamentals by conducting thorough research and assessing long-term performance can help investors avoid succumbing to emotion driven valuations.
its depends whether some people might believe that solana could reach the market cap of etheruem some people believe that one day solana will surpass the value of ethereum,
from the perspective technology it also needs to note that it has disadvantages as well such as the outage that happening quite frequently with solana there are still many problems with their blockchain but people
doesn't really seem to mind about this at all, they just dont mind about it maybe because at the end of the day it got patched and people can just move on.
honestly i wouldn't buy if its right now the price already going up so high that it has difficult breaking through but for some people, they'd still invest in it anyway.