Is Solana full of hype?

[kojektea]

Projects published on sol networks are usually meme trends. Meme trends are very fast to hype, and I think SOL is also affected by meme trends in their network. so that solana looks like it becomes a coin fomo only. But, it must be recognized if Solana is one of the best blockchain networks. I think #2 after BSC.

[LUCKMCFLY]

Projects published on sol networks are usually meme trends. Meme trends are very fast to hype, and I think SOL is also affected by meme trends in their network. so that solana looks like it becomes a coin fomo only. But, it must be recognized if Solana is one of the best blockchain networks. I think #2 after BSC.

If we take into account that the Solana network is one of the best, NFT game devs have it in their sights, however we have to take into account that whenever there is a network like BSC we know that it is very well backed by BNB, and BNB is a guarantee of binance, which speaks very well and represents great confidence for everyone. I don't see that Solana is a hype, it is a currency that has a lot of community and there are quite a few people who are sending their remittances to others through the Solana network because their fee is very low.

[MinerHQ]

Projects published on sol networks are usually meme trends. Meme trends are very fast to hype, and I think SOL is also affected by meme trends in their network. so that solana looks like it becomes a coin fomo only. But, it must be recognized if Solana is one of the best blockchain networks. I think #2 after BSC.

Solana network is not stable as of now. If you try to buy or sell any of game NFT's or resources you may notice many times your transactions may fail. It is full of shit and people hyped it just because of its speed. They are still in beta so they may improve later on but currently in very bad shape this network.

[X-ray]

Projects published on sol networks are usually meme trends.

Meme trends? are you serious? don't even you watch solanium and you will be seeing what kind of projects that lanunched on solana? i guess that if you're only saying without try to do any research before. It's clear that so many projects that got launched on SOL was not meme tokens. and I rarely seen meme tokens launched on solana like BSC. That proves that what you are saying was totally wrong.

Meme trends are very fast to hype, and I think SOL is also affected by meme trends in their network. so that solana looks like it becomes a coin fomo only. But, it must be recognized if Solana is one of the best blockchain networks. I think #2 after BSC.

Meme trend are only giving small impact to solana network and do you know what we are talking about right now? it seems like that you didn't even read the thread before try to wring a post about that. What you are talking about was totally BS and you didn't even know what problem that faced by solana.   You can do better by reading the main topic rather than create BS like this.

[tyz]

Right now, SOL is valued at $90 (USD) from an All-time-high of more than $200 per coin. It's the seventh-largest cryptocurrency by market cap, sitting behind Ethereum, Cardano, BNB, and the others. If developers don't prioritize decentralization, then Solana may become another EOS or TRON. These last two are forgotten by the community due to their heavily-centralized design. May this be a lesson to noobs that crypto is all about decentralization and censorship-resistance (not convenience/ease-of-use). Who knows what will be of the hyped Solana project within a couple of years from now? Just my opinion

I bet that when the NFT hype is over, Solana will also gradually become less and less important (NFT will stay, but sooner or later the topic will be overtaken by another hype, like many hypes before). Currently I can't find any information on how Solana will reduce its strong centrality without losing its speed advantages. I would be very surprised if Solana is still in the top 10 crypto projects in two three years.

If Solana develops the technology on a metaverse scale, I think it will survive in the next two or three years as we know Solana is a blockchain platform that has a growing ecosystem and will become an ETH killer, it just takes time Solana will take over the hype market

Your account was registered at the end of August 2017, so I assume that you were not aware of the situation around EOS, Tron and NEO at that time. The reasoning you put forth sounds exactly like that. At that time, the three projects were predicted to do exactly the same thing, admittedly there was no Metaverse at that time, but ICO and Defi, and all of them were predicted to have better chance to race for the two megathemes than Ethereum. Today we know, Ethereum won the race and the three mentioned projects are no longer relevant at all.

[tsaroz]

Hypes are normal for crypto market. And solana is a growing network. Might not be as large as reaching $250+ a few months ago but still a coin with potential. People saw the potential and as a lot of them realized and a lot more followed the trend, it was overbought and overhyped leading to a problem in its network.  I think below $100 would still be a great price for people to buy solana.

[Al Qiyamah]

Do you think Solana is full of hype? If not, why? What will happen with SOL's price if network disruptions persist? Will it mark the end of Solana for good? Or will the blockchain network survive for a long time? Your input will be greatly appreciated. Thanks in advance.

I don't think Solana is completely hype but rather the network which is considered the Ethereum killer so far, many expect the Solana network to solve the problems that have existed on the Ethereum network. But lately Solana has had problems with her network, if Solana doesn't fix her network, it's not impossible that Solana will only be hype in the future.

[Abiky]

Solana does not yet have a proper working web wallet that can be used for all their apps.

When you first install it, a simple act as "adding" a token will cost you a fee in Sol. Not only is it centralized in terms of the consensus mechanism, it is extremely centralized in terms of distribution. Most of the Solana is held by VCs and other backers who got their tokens for pennies.

The pump has mainly been due to some big names putting their weight behind it, which as usual led to retail sheep buying it up with dreams in their eyes. Needless to say that those hopes evaporated with the drop in prices.

On top of all this, the blockchain has now "stopped" producing blocks at 2 instances for days together. At such time, the developers just "restart" the chain. All along this time, retail and small players remain stuck while the "developers" can easily provide access to the bigger players on their own terms (Its majorly owned by VCs).

If Solana is the future of blockchain, then it is a clear indication that this space will surely go to zero.

Most people are blind enough to see what's behind Solana, since they're only following the hype. Decentralization is what it's all about in order to make crypto/Blockchain tech work as intended. The limited distribution of SOL and the centralized design of the network itself, tells us that we should look for other options. Who'd want to use a chain that's subject to constant network disruptions? Businesses and merchants want something that's stable and reliable. Not something that can go down periodically.

Something similar happened to IOTA where the network came to a halt of couple of times. Now it's "dead lost" behind other coins in market cap, as people moved on to other big things in crypto. The same might happen to Solana if developers don't take decentralization seriously. You can see why so many "Ethereum Killers" have been unable to beat Ethereum after all these years. Without decentralization among alternative chains, there's really no competitor against ETH. Who knows what will be of Solana within the next 5-10 years? Just my thoughts