Quote from: notMeNahh on October 24, 2024, 09:44:10 AM

What do you guys think, if I have perhaps 100 $SOL which do you think is better Staking it for 2 to 3 days with a 10% APR or actually trading the SOL myself for that same time period. Personally, I think the savings might be safer and more predictable than the trading option. If I was to trade on Spot, it would probably be safer too, but I wouldn't make as much profit as the savings, but I wouldn't make significant losses either. If i trade on futures I probably might make more profit, but I come with greater risks

I think some exchanges offer around 10% or more in savings deals, what do you guys think

That is a very relevant question to you about whether to bet or trade $SOL, especially given the volatility of the market at present. If you want stability and meaning, increasing your $SOL to a guaranteed 10% APR for 2 to 3 days might be a better bet. This would give sustainable returns without business stress and risk.

If you are okay with more risks and have knowledge of trading, you can seek higher returns by trading on the spot or futures markets in $SOL. Trading is very lucrative, but at the same time, there are enormous losses associated with it, especially when dealing with futures through leverage. Ultimately, the right strategy depends on your risk tolerance, business acumen, and financial goals. Staking is secure and stable returns. Trading can offer better returns, but it also has higher risks. Make sure you are comfortable with your familiarity with the market before making a decision.

Quote from: bitgolden on October 27, 2024, 09:01:23 PM

The reason why SOL got this much attention is because ETH was expensive in 2021 and there were a lot of projects with it, and yet people were not happy with paying that much money for it. So in the next bull run, they needed another coin, which could be used a lot, and have a lot of projects, and not go high in gas fee as well.

Obviously the whole market can't decide on this all together, we are not going to all start a channel and talk there. So, what happened was we just all moved to a point where we liked the best, and because of that we ended up with SOL because most people ended up liking that the most. So I believe we are going to end up with much better results for SOL on the long term and make as much as we can.

The crypto community looked towards cheaper and more efficient alternatives. Therefore, the usage and popularity of SOL have increased. As for the future of ups and downs. It is fair enough to expect that scalability, as well as lower costs of transactions, will be something SOL will be able to continue benefiting from. Proven to be an attractive prospect for many users and projects, this will continue to play a key role in its long-term success as the market develops further.

This factor is relevant for whoever is deciding to raise or trade their SOL. The number of users around the ecosystem and the potential value of the SOL indicates it. This makes it a good choice for those who ask for sustainable value, but it's also for business savants. The change in the market can give them higher returns. However, there is more risk in this regard. In the final analysis, both approaches have merits. And largely, the selection depends on a person's ability to take risk and personal financial goals. As more projects join SOL, getting updated will help it be that much more effective.