Solana blockchain

[mich]

In just January the Solana stabelcoin volume reached a new record of $300 Billion. That is the largest transfer volume in a single month for it. And the first time it passed Tron.

And now there is rumors that there is going to be a Solana ETF. Asset management company Franklin Templeton does think it will happen.

https://ambcrypto.com/solana-stablecoin-volumes-rise-but-is-sol-losing-2023-gains/

Looking at the price right now, I wish I went in when I thought it was “a bit high”, and actually held my coins till now. But no regrets because it’ll happen to me someother way. I still believe it could be worth a lot more and it’s one of the coins that I respect, looking at its blockchain and what use case it’s supplying to many other projects, it’s definitely worth it all. To those who have held it from the early stages, kudos.

Yes I agree with you on that Solana tokens will be worth alot more then it is now. It is a project with a real use case and main competition to the Ethereum blockchain.
We must remember Solana is up almost 2,700% in the last 3 years. And 67% below its all time high so there is lots of opportunites to make some big gains just waiting for the next 'bull run'.
https://finance.yahoo.com/news/solana-almost-2-700-past-113000123.html

[huu78]

If I talk about Solana blockchain, Solana is a very strong and very big project and it has exceeded expectations and its present price is also around $100. And it's a great project and I expect it to go even higher in the future, and there are a lot of projects going on in the Solana blockchain right now, and a lot of projects are successful. It is a very big and strong project, if anyone invests in it, he will surely benefit.

I wonder whether Solana will be able to reach its ath again, namely at 258$, or will it only stay in the 100$ range.
But considering the project that is being fomo recently on the Solana network, namely Jupiter, which will be released on January 31, do you think it will have an impact on the price of Solana?

[cryptoknightt]

well, if you bought Solana at that time, imagine how many times you would have made a profit, but let that pass, now you can take a chance on the new project that will be released, you can buy it early, please do your own research.

[mich]

The decentralized exchange aggregator called Jupiter reached all time high in trades last week. This was got 578,000 total trades.

It was the biggest trading platform for 24 hours. https://unchainedcrypto.com/solana-based-dex-aggregator-jupiter-hits-all-time-high-in-weekly-traders/

[Abiky]

Yes I agree with you on that Solana tokens will be worth alot more then it is now. It is a project with a real use case and main competition to the Ethereum blockchain.
We must remember Solana is up almost 2,700% in the last 3 years. And 67% below its all time high so there is lots of opportunites to make some big gains just waiting for the next 'bull run'.
https://finance.yahoo.com/news/solana-almost-2-700-past-113000123.html

Solana is the VCs' coin. It will "pump" massively after the next bull market run. If the project is able to provide real use cases to the world (instead of being solely driven by hype), it could cross its ATH and maintain high prices for a long time. And lets not forget the potential approval of a Solana spot ETF by the SEC. That could drive prices even higher. Probably all the way to "Mars".

Perhaps SOL will go as far as becoming the third-largest cryptocurrency by market cap? Only time will tell. Just keep buying, and holding, and forget about the rest.

[snowpega]

well, if you bought Solana at that time, imagine how many times you would have made a profit, but let that pass, now you can take a chance on the new project that will be released, you can buy it early, please do your own research.

hmm, Dear which project are you talking about? Is there any project going to launch on the Solana network? Or you are just suggesting randomly because suggesting any random token is not good. Investing in altcoin is a picky thing because many of the projects in altcoin are shits or scams. Shit because they perform well only for the short time frame and when the trend of going up ends these coins starts to play shits.

Solana is a good project but nobody knows any coming project like this that can return a big profit to investors so accurately. The best thing is to always invest in altcoins at your own risk and best to invest only the amount you can bear in the form of loss which means investing a small amount in altcoins is the best decision. Other than that you can do whatever you want. DYOR

[tengui]

Talking about the Solana blockchain, currently there are 2 projects that are being hype, namely WEN and JUPITER. especially JUPITER because this project has received quite large funding and will soon be listed. SOLANA is a potential altcoin and worth investing in.

[OgNasty]

I like a lot of things about Solana, but definitely not it's reliability.  That being said, I could see it being very useful for metaverse and NFT projects if Ethereum gets too expensive to use and people want a different tech.  The only thing that really puts me off to Solana (centralization and reliability aside) is that the price has gone up so much.  You have to wonder how much upside there is remaining.  With a valuation in the tens of billions, expectations are already pretty high.  Had I bought in before the recent run from $15-$100 I would be feeling good holding, but it's worrisome to buy after such a large run.

[dlightag]

Solana Coin is doing well already in the cryptocurrency market and is already listed in Binance exchange including in Binance future exchange platform where many people trade to make profits with price movement, and I strongly believe that next Bull Run market Solana Coin we skyrocket to the moon.

[oktana]

~~~

 and main competition to the Ethereum blockchain.

I understand their battle in terms of Dapps, etc. But I don’t feel like Ethereum blockchain still has a say in the battle because Solana seems to offer a lot. I’m not saying it’s dead but Ethereum blockchain felt dead to me when the gas fee really went ridiculously high a couple of years back. I haven’t done a transaction in a long time but I feel like I’m done with Ethereum blockchain. Projects had to start creating their BSC variant back then since that was more prevalent at the time.

[Out of mind]

well, if you bought Solana at that time, imagine how many times you would have made a profit, but let that pass, now you can take a chance on the new project that will be released, you can buy it early, please do your own research.

Those who invested at the time when the price of Solana coin dropped have now reaped huge profits. But currently, many new projects are being released, if you invest here, it is possible to get a lot of profit, especially the projects of Solana Blockchain are becoming more successful. However, there are many projects that are likely to be scams, so it is better not to invest so quickly, but invest carefully and research. So it is always a good plan to apply the research of a successful person and take advice from him.

[Abiky]

Talking about the Solana blockchain, currently there are 2 projects that are being hype, namely WEN and JUPITER. especially JUPITER because this project has received quite large funding and will soon be listed. SOLANA is a potential altcoin and worth investing in.

It's always about the hype. That's what moves Solana all the way to the moon. Why do you think it rose to the triple digits lately? That's because the sale of the Saga phone and the BONk airdrop had a positive impact on SOL's market price. I can't imagine the Jupiter airdrop will "pump" Solana to new heights.

Ultimately, what matters is usability. Not the price. If Solana is able to provide real use cases to the world, then it will have a high chance of surviving for generations. Otherwise, not. I'm yet to see if it will be able to directly compete with ETH in the future. That's assuming the SOL blockchain doesn't experience another outage. Crypto land often behaves in many strange and bizarre ways, so we should expect the unexpected.

[mich]

Talking about the Solana blockchain, currently there are 2 projects that are being hype, namely WEN and JUPITER. especially JUPITER because this project has received quite large funding and will soon be listed. SOLANA is a potential altcoin and worth investing in.

Yes I am following this project called Jupiter. It just did a airdrop of $700 Million of the JUP tokens. https://cryptoslate.com/jupiter-airdrop-propels-solana-dexs-to-outpace-ethereum-in-daily-trading-activity/

[wtsimis]

Solana has emerged as a key player in the crypto space as a high performing blockchain. Solana scalability and low transaction costs have earned it a place in the hearts of developers. Solana has become a trusted center for projects spanning a wide range of sectors from decentralized applications (DApps) and decentralized finance (DeFi) to non-fungible tokens (NFTs) powered by its native SOL token. Solana is building a robust ecosystem with blockchain applications for our next generation, one of the enablers in the crypto community.
     

[mich]

The Solana network was affected yesterday and stopped processing transactions cause of a outage. The outage lasted for 5 hours.

It was the biggest crash on the network since 2 day outage in April. The outages on Solana network is because of node issues they say.

https://www.theblock.co/post/276237/solana-network-restarts-after-outage-that-lasted-five-hours

[Abiky]

The Solana network was affected yesterday and stopped processing transactions cause of a outage. The outage lasted for 5 hours.

It was the biggest crash on the network since 2 day outage in April. The outages on Solana network is because of node issues they say.

https://www.theblock.co/post/276237/solana-network-restarts-after-outage-that-lasted-five-hours

Yet, Solana is still one of the top 5 coins in market cap. With so many outages, the project should've been dead by now. I can't understand why people are still buying this coin when it's unreliable for day-to-day payments. Neither Bitcoin nor Ethereum have faced an interruption since the day they were launched. Solana's current situation shows us it's experimental and not ready for mainstream use. Developers should've kept Solana in "beta stage" until it passed all of the tests.

If SOL hasn't gone to $0 by now, it's because whales are manipulating the market. For some reason, VCs want to keep this "shitcoin" alive. I'd prefer a reliable and decentralized network like Ethereum, even if I have to pay higher fees and wait longer for confirmations. Unless Solana prioritizes decentralization and reliability, don't expect it to last a lifetime. Who knows what surprises we'll find in the future?

[ichsan ardi]

The Solana network was affected yesterday and stopped processing transactions cause of a outage. The outage lasted for 5 hours.

It was the biggest crash on the network since 2 day outage in April. The outages on Solana network is because of node issues they say.

https://www.theblock.co/post/276237/solana-network-restarts-after-outage-that-lasted-five-hours

Yet, Solana is still one of the top 5 coins in market cap. With so many outages, the project should've been dead by now. I can't understand why people are still buying this coin when it's unreliable for day-to-day payments. Neither Bitcoin nor Ethereum have faced an interruption since the day they were launched. Solana's current situation shows us it's experimental and not ready for mainstream use. Developers should've kept Solana in "beta stage" until it passed all of the tests.

If SOL hasn't gone to $0 by now, it's because whales are manipulating the market. For some reason, VCs want to keep this "shitcoin" alive. I'd prefer a reliable and decentralized network like Ethereum, even if I have to pay higher fees and wait longer for confirmations. Unless Solana prioritizes decentralization and reliability, don't expect it to last a lifetime. Who knows what surprises we'll find in the future?

I don't agree with you about the comparison between Solana and ETH. Solana will be more popular with many people in the future than ethereum, even though the prices of the two are very different, but when many people complain about the expensive fees paid for ethereum, it doesn't hurt to hold or invest in solana. everything is fast and cheap, let's see the light that shines from Solana in 2024

[cryptodude]

Solana is a high performance blockchain platform designed to support decentralized applications and projects. Solana creates a promising eco-system of use with its own thought-provoking transaction speeds. Capable of processing thousands of transactions per second. That is why Solana has attracted the attention of users as an effective solution.

[cute nmp]

Solana has one of the best blockchain in crypto very convenient,easy and fast to use .In terms of long time holding Solana coins are the best and are very much profitable unlike most altcoins.

[mich]

Well now Solana has passed BNB on the coinmarketcap. It is now number 4 with almost $50 Billion.
It is up 20% in the last 7 days and that is more then Bitcoin up 17% in the last 7 days.
https://www.coindesk.com/markets/2024/02/13/solana-leads-gains-in-crypto-majors-bitcoin-metric-suggests-low-retail-growth/