Post
Topic
Board Speculation (Altcoins)
Re: Is Solana still Worth buying??
by
Abiky
on 28/10/2024, 14:04:18 UTC
honestly does the solana investors really care about the blockchain blackout though, most of the people I know that invested in solana simply don't care, it can blackout twice a week and none of these people that I know will give attention or even dumping their solana, what they know is that solana is scalable enough for the meme coin trend and defis in the ecosystem to flourish, so therefore it's a good investment.

personally I might want to delve into buying solana, it just feels right considering that solana community is very strong and the blockchain isn't having any scalability problem despite the massive influx of meme speculators.

just feels like it can be the new big thing, as long as it doesn't get overtaken by SUI of course.

Of course. Nobody cares about the outages. As long as there's money to be made, nothing else matters. The majority of investors keep their SOL on centralized exchanges. So network outages will have little to no effect over their holdings. They can just buy or sell SOL without interruptions. The ones who need to worry about this are none other than average users like myself. Experiencing an outage in the middle of a payment is quite frustrating.

Fortunately, third-party developers (Jump Crypto) are working on a new node implementation for Solana (called Firedancer) that will make the network reliable once and for all. If it works, Solana will further solidify its position on the market. Considering that SOL stands among the top ranks in market cap, I'd say it's definitely worth buying. Its ecosystem is growing alongside Ethereum's. Who knows? Maybe it will reach the third spot in market cap someday. The future is unpredictable, so I'd hope for the best. Cheesy