Quote from: tsaroz on Today at 03:44:06 AM

Quote from: pinggoki on Today at 03:34:29 AM

Quote from: andyou1234 on May 06, 2024, 05:30:43 PM

In my opinion, Solana is one of the altcoins that has very high potential and popularity in the crypto market, even though currently Solana is rarely talked about, Solana is very worthy of being a long-term investment, the proof is that up to now Solana can still survive and still is in the top 10 CMC, to be honest, I personally still keep Solana even though it's not that much, but the profits I get now are very good,

With the way they manage their network congestion right now, that's going to be a thing that we won't see very soon, they need to deal with the congestion in the network first before that can happen and despite how easy it is to navigate their network and the projects and airdrops that are working on them, I hold on to hope that they're going to be really big someday, they've been making a lot of projects as of late and it's not something that I'm going to be dismissive about, them projects will just keep on making Solana more renowned to more and more people and potential investors.

Solana is having a bad time with large number of it's transactions failing. This is not a good outlook for the hyped chain but I hope they'll be able to fix it with some updates. One of the reason for such failure is the sharp increase in transactions recently mostly coming in from bots. The congestion of the solana network has not only hurt the price of Solana but also memecoins based on the network. I'm still bullish even on these circumstances as the growth of Solana is unprecedent and if they be able to solve it a little bit, the price would easily jump to 300.

I just checked and the Solana transaction failure rate is a bit lower than a few days or weeks ago. But we'll have to see if it holds up. Still looks like more than 50% are failing.

https://solanabeach.io/transactions