I am curious for what could be the reasons why Solana pumped hard a few days ago?
If you take a look, in just 14 days, Solana is up 100+%, 7 days is 77% as of now.
I own a small amount of Solana and already tried this network. But yeah, I am curious what could be the reasons for these pumps?
I see a lot of people here who thinks that SOL will be even bigger than ETH or at least it will be bigger than what it is right now all because it is better than ETH on blockchain development. I have to remind everyone that firstly ADA has still not provided smart contracts and yet it is third ranked, and bitcoin? That doesn't even have half of the achievements ETH has and still ranked first, doge? That is a useless blockchain with probably the worst cared development process ever and ranks at top 10.
All in all, just because a coin has a good blockchain doesn't mean that it will be great, and just because it has a bad blockchain doesn't mean it will rank low. There are coins with great blockchain that is ranked high or low. Solana looks like a great project, and it may ranked even higher, or there is a chance that this was the top and it may not break any higher ranking. We should be careful.