Solana Breaking the Internet Again!

[nelson4lov]

Solana is indeed an amazing project except for the part of FTX Exchange, which really destroyed and messed up Solana's network.

So for me, right now, what we are seeing on Solana is the real market itself because no more FTX Exchange, volumes are real now, and TVLs are real.
This PYTH network airdrop also helped Solana, PYTH is one of the OG and big projects under Solana.

I didn't know Pyth was built on Solana until after the airdrop event was announced. For being the core oracle protocol that is live on Solana, I envision that it would make serious moves whenever solana makes one of those bold moves like it did from $20+ straight to $44. I know Pyth right now is no where near the quality of chainlink to but as with all solana projects, it'll be hyped up really go wjen we have a full fledged bull run.

I will be looking to accumulate some if the market presents such opportunities.

[Wiwo]

In any project you want to invest on, I will like you to make a proper research and investigation about the coin because any other things as well, so therefore, not all coins or project you see that is been listed in exchange is a good project to work on, so I believe that solana is a project that has been long it's been launched and established and I believe that what we need to do is to watch the project carefully and ensure that we have make a proper research before we conclude on it investment even in any project that is been listed in binance exchange platform, binance listing a coin doesn't make it worthy of been potential or depend on.

You are right,  making proper research about an asset before diving into investing in it is very important and very sure way to make right investment decision most especially when it comes to altcoins investment,  the reason is that,  if the coin is having any reservation or potential threat,  you will likely and easily point that out,  and at some point make the right decision concerning the investment.

But this is not the case with coins that already have traction like solana,  which have shown multiple market reaction that have draw attention to the project and making people to be on the lookout for the coin,  this is what make most investors to speculate so much about this project and how it has acted aling the way both up and down.

[cryptoknightt]

Has anyone come across the news about Solana's upcoming airdrop of Pyth happening today? Here, I made a post about why alts are important and mentioned Solana airdrops in the last paragraph
https://bitcointalk.org/index.php?topic=5474528.msg63178295#msg63178295

 So now, I'm wondering if it will follow a similar path to what happened with BONK. Recall when the Solana community minted the memecoin Bonk, and many benefited from it. Now, Solana plans to airdrop Pyth to over 900 wallets, and various exchanges like Bitget, OKEx, Bybit, and few others are already listing it. I haven't seen any information about Binance listing it though.

I'm just curious, what do you think about this? Do you think Pyth will follow the same trend as Bonk, or will this hype only bring volatility that could potentially wipe out users' assets? Also, which mentioned exchange do you believe will efficiently list Pyth earlier than the rest?

I think bonk and pyth are a little different, but basically if the community and project funding is good enough, then the project will survive and have the potential to rise, and some projects have gone through that and given big airdrops like OP, ARB.APTOS, and many more .

[Sayeds56]

I didn't know Pyth was built on Solana until after the airdrop event was announced. For being the core oracle protocol that is live on Solana, I envision that it would make serious moves whenever solana makes one of those bold moves like it did from $20+ straight to $44. I know Pyth right now is no where near the quality of chainlink to but as with all solana projects, it'll be hyped up really go wjen we have a full fledged bull run.

I will be looking to accumulate some if the market presents such opportunities.

PYTH token has been making headlines in crypto communities ever since its airdrop was announced, it is indeed a decentralized oracle solution on Solana network and oracles play crucial role in connecting Block chains with real world data, as the solana network continues to evolve and gain attention , projects like PYTH could see increased interest and gains.

Notably, Solana has demonstrated impressive performance during the recent mini rally when its price surged from $8 to above $60.

[nelson4lov]

PYTH token has been making headlines in crypto communities ever since its airdrop was announced, it is indeed a decentralized oracle solution on Solana network and oracles play crucial role in connecting Block chains with real world data, as the solana network continues to evolve and gain attention , projects like PYTH could see increased interest and gains.

Notably, Solana has demonstrated impressive performance during the recent mini rally when its price surged from $8 to above $60.

Solana have always been know to have parabolic and crazy rides. IIRC, there was a season called Solana szn and at that time, nearly all projects in the solana ecosystem so very crazy rides and the users enjoyed crazy returns — including investments made on shitcoin. Sol has always been one to demonstrate strength. The same goes for BNB and MATIC.

~Snipped

I will be looking to accumulate some if the market presents such opportunities.

So once again I didn't take the opportunity and PYTH is up another 60% in the last 2 days
 

[uray]

~
I'm just curious, what do you think about this? Do you think Pyth will follow the same trend as Bonk, or will this hype only bring volatility that could potentially wipe out users' assets? Also, which mentioned exchange do you believe will efficiently list Pyth earlier than the rest?

My only query will be whether Solana network will be able to handle the traffic if the meme coin gets the traction it is expected to get knowing they had issues with their network in the past. The coin already rallied a lot and there is a lot of hype behind the token considering how the other meme coins performed and will see how it will hold once it gets listed in binance.

[NewRanger]

Yes, judging from its performance so far, SOL is able to produce the desired returns for users and that is why SOL is a very potential choice in the future. History is also proof of how they survived and made efforts to prevent their coins from falling during an accident. and another advantage is in the transaction process where Solana is one of the fastest blockchains which can currently carry out a maximum of 50,000 transactions per second.

[Sayeds56]

Solana have always been know to have parabolic and crazy rides. IIRC, there was a season called Solana szn and at that time, nearly all projects in the solana ecosystem so very crazy rides and the users enjoyed crazy returns — including investments made on shitcoin. Sol has always been one to demonstrate strength. The same goes for BNB and MATIC.

I will be looking to accumulate some if the market presents such opportunities.

Solana is capable to change our financial future, provided we believe in it and continue accumulating by implementing Dollar Cost Average strategy (DCA). It is the one of the high speed chain with over 60,000 transactions per second. Today a new coin CHAINFLIP has been listed on kucoin, I believe it will work as cross chain bridge between various block chains, it seems good project, but make your own research before taking investment decision.

https://www.kucoin.com/announcement/en-chainflip-flip-gets-listed-on-kucoin-world-premiere

https://coindcx.com/blog/cryptocurrency/ethereum-vs-solana-vs-polygon/

[Publictalk792]

I read your post about the upcoming Solana airdrop of Pyth and how it is similar to the previous Bonk airdrop.  It is hard to know  what will happen but it is possible that Pyth could be like Bonk. But I think Pyth will perform well as compare to the Bonk because the use case of Pyth is good and the supply is limited not like a meme coin if this coin will get hype so I am sure this will perform excellent and this can do 5x to 10x easily from the current price. And as you mentioned that 900+ wallet addresses got the airdrop unfortunately I am not one of them. I have many transactions on Solana network but this wasn't enough for the eligibility of airdrop.
By the way we should always involve with the networks because we can get Airdrop anytime.

[martinex]

This PYTH network airdrop also helped Solana, PYTH is one of the OG and big projects under Solana.

I see a lot of good comments coming from users. Yes. A smart move from Soluna with the launch of The Pyth Network and now it is currently trading at the initial $0.33, down slightly around $0.4919 from the first listing price high of $0.5465 and the market is also quite busy trading this PYTH.

[mich]

Well Solana is really going to break the internet if this happens. Investment manager VanEck believes that the project will be part of the crypto spot ETF filings next year.

VanEck is a longtime believer in the Solana project. It launched a Solana exchange-traded note on the German stock exchange Deutsche Börse back in year 2021.

https://www.binance.com/en/feed/post/1121520861705?ref=25201067