Solana Pump

[SirLancelot]

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.

[1714669388]

1714669388

[freedomgo]

I bought solana at 2 dollars early this year, I've been following up with the crypto space but has some works to do feels good I'm independent now. Just came back to see real big bull like what really happened that triggered this on solana my 400 sol that was about $800-$900 is now showing $31k omg so happy for sol. Early birds which I knew I would have bought 1000sol back then

Congratulation! generally people don't' hold coins for such a long time and sell them quickly  when they see some profit but real profit is harvested by long term investors like you. Patience is the key of success when it comes to investment, either in stocks, crypto or Real estate. Having said that, it is also important that you should choose projects those have growth potential like Solana otherwise your investment will never work out.

Great holding skills, that would be x100 of your original purchase soon, and only few investors could hold that long. If that's in my case, I would gladly sell it and take a x100 profit of my investment, then if the market will correct, I will start accumulating again as I believe SOL is a big project that has a big potential in the long run.

[desticy]

Solana shows herself perfectly and this is not surprising, because everyone who can pour money into this murderer of Ether.
Solana is predicted to bypass the ether and take its place. I hope it will be so.

[jaberwock]

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 have written an article about this recently. It is obvious that people are pricing what solana could be and not what it is. I would say wait a bit more, wait until there is a good project in the SOL ecosystem that people love to use, then get in early to both SOL and into that project if you want to, or just SOL if you want to. The reason why ETH stood strong on the huge drop we had at the start of the month (when bitcoin went from 52k to crash drop to 42k but recovered to 48k again a week later) because Axie was loved in ETH ecosystem.

So, when there is a project that everyone loves in an ecosystem that increases the value of the blockchain it is in. I believe SOL is overpriced right now, it should not be this high and it could be dropping more in the future, for the time being we should be focusing on what we can do with the future projects that happens in SOL.

[LUCKMCFLY]

Solana is a currency that is giving very good results, it was at one point below 150USD, even 135USD but at the moment with a price above 200USD it is not bad at all, according to the short-term cointelegraph they show the following:

If they succeed, the SOL/USDT pair could resume its uptrend and rally to the pattern target at $239.83. A break and close above this resistance could open the doors for a possible rally to $265.80.

Source: https://cointelegraph.com/news/price-analysis-11-1-btc-eth-bnb-ada-sol-xrp-dot-shib-doge-luna

Some think that the price of the sun may reach 185USD, but the truth is I do not think it will drop that much in price, in fact it is a currency that can continue to give bullish surprises.