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 don't know the truth, but in my small community, I often say that Solana's price collapsed yesterday because of the FTX case which sold too much Solana, resulting in panic selling among investors. but what I admire about Solana is its fanatical community, in my country I see many people who worship the Solana network, if someone opposes them they will put up their bodies to defend their arguments. incredibly solid.
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 has a good future, the network is okay, transaction fees are cheap, the community is solid, the fundamentals are okay, everything is okay. but do your own research. to convince you.