Solana Pump

[GreatArkansas]

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?

[1714191648]

1714191648

[1714191648]

1714191648

[1714191648]

1714191648

[Billo_]

I don't know if it's all speculation but Solana has a big storage problem and when it's used under load, Solana blockchain will grow a lot very fast.
Experts have said it is really hard to run a node, even if you are a coder because hardware requirements, updating and maintaining are extremely difficult.

For example, SEQ has said:

Another easy way to achieve higher performance is to increase the hardware requirements for running a node, the more hardware resources, the higher the performance, but yet again at the expense of decentralisation.
Solana recommends validators run hardware with 24 Cores, 128 GB Memory, 4 TB NVMe disks, Nvidia 2080 ti graphics cards (4000 cores) and very high bandwidth connections. This limits those capable of running a node though due to the expense, similar to Bitcoin ASIC mining rigs.

Maybe Solana has found a way how to solve it, but I can't find any announce. If it's solved, it would also mean it is solved for all Blockchains because Bitcoin and Ethereum have also storage Problems, you know Bitcoin can only process 10 transactions per second because a block is limited to 1 MB and no more transactions can go in a block.
Big Blockers like BCH and BSV have arrived and now say: "make bigger blocks to get more transactions into a block". At first sight, it is very good because more transactions are now in a block and it has more capacity like 100 transactions per second but at second sight, big blocks are really bad for a blockchain long term.
After let's say 10 years, a big block blockchain is so big and has so much data because blocks are so big, it is very bad for nodes to download and leading to centralisation.
Big block is no solution.

And Solana has an extreme big block blockchain problem because it's fast but has so much data collected over even 1 year, Solana blockchain will grow massively and will become very useless soon because it will get so big.
Storage problem is very bad at Solana if it can't get solved, even more bad like Bitcoin SV.

[pakhitheboss]

Some news that I was able to gather for you from Reddit.

Mango Markets raised $70M + Degen Apes.
Solana's market cap is way too low if you compare it to the competition
Solana Hackathon in India.
Solana Popularity on Coinbase #63 most held.
Solana hits 1 Billion USDC in circulation.

In my opinion, it was supposed to happen someday. I would recommend you to keep an eye on ALGO. It will also pump in the coming days.

[rmhuntley]

What happen with many trader and investor sell Solana coin with lower price, I still remember when joining solana airdrop and got many coin but early to sell, first time when listing on Binance I got about 200 solana coin but not hold yet and sell it on market after listing, but now price up above 470 looks not lucky why have sell early.

[Raytheon]

But yeah, I am curious what could be the reasons for these pumps?

If you look deep into Solana, you'll find out that it's really similar to Binance Smart Chain (BSC). BSC is backed by Binance - a top tier exchange and Solana is backed by FTX - also a huge exchange. Solana ecosystem grows like the way BSC grew with a lot of apps and AMMs. Apparently DeFi is the key to Solana's pumps. I tried Solana. It's fast, cheap but the only thing that makes me annoyed is that I have to let a blank window running to use its wallet.

Not only Solana, many other blockchains also pumped in the last few weeks, such as Polkadot or Terra (LUNA).

[cryptoaddictchie]

I think Solana pumped due to some massive game projects that released too such as star atlas and many more. Their ecosystem is quite far from metamask extension but they are building their own system and other investors and whales are seeing how it got improved thats why they bought in. Its really amazing from a very low price now solana is kinda expensive. Only If I bought a lot during its early stage. Anyway thats my opinion and I think it could still grow more.

[CaptainCrapper]

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?

SOL will be a very good project in the near future. It can take BNB's price very soon cause they own a blockchain system and they trying to realize lots of updates for that reason I will invest in the SOL project again. we expecting good something from SOL tem.

[Devifajarina]

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?

If you look at this with an economic formula, then the process that occurs when pumping solana is the greater demand for them, so that the demand is not balanced with the expenditure on solana, this makes more sense if you see the process happening.

But this is not necessarily true, if you look at it in a different context, many formulations sometimes don't match the actual events, but I believe that more than analyzing with other patterns, which today's recession is also a factor.

[cryptoknows]

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?

All due to technological solutions to the problems of the Ethereum network. Many people are simply tired of using outdated technologies, and Solana offers people more functionality for the development of the blockchain for a meager fee.
Take a look at the Near Protocol project. It follows exactly the same scenario as Solana. is growing due to its technological solutions related to transaction fees (inside their blockchain their cost is $ 0.01), transaction speed and huge scalability. Moreover, within the ecosystem of Solana and Near there are their own defi that provide excellent opportunities for new investors. In general, this is the future

[RussianEnglishTranslation]

A lot of people only invest in DApps or projects that they can use, not just a whitepaper and a website. NEAR is the easiest blockchain to use and build on and I'd say that will have an effect on the price going forward.

[Docnaster]

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

[Ararbermas]

Solana is doing well since last week probably if I'm not mistaken, because as i check this coin when I'm trying to trade alts few days ago,  it's showing a higher percentage in the market, but seems the price is already too high and the growth rate is very steady like a constant uptrend, wherein even there's a small fluctuation but after that it will continue to bump the price.. Honestly through youtube i see there's alot of good specification for solana, and probably that's what happening right now.. Sad to say we miss the opportunity from it.

[Balmain]

As someone who has tried the Solana network, they are doing really well as blockchain. It is very fast and the fees are very cheap. They use pos system. They have started many projects recently, all of them ambitious projects and investors are adopting these projects. The Solano team also receives funds from many large investors, and at the same time, I consider it normal to rise.

[Furious 7]

I think Solana pumped due to some massive game projects that released too such as star atlas and many more. Their ecosystem is quite far from metamask extension but they are building their own system and other investors and whales are seeing how it got improved thats why they bought in. Its really amazing from a very low price now solana is kinda expensive. Only If I bought a lot during its early stage. Anyway thats my opinion and I think it could still grow more.

I think it's still a small pump despite the 2x increase, but maybe 100$ will be reached in the near future.
But it's true that there have been many big projects in it including including the sale of IDO which is now much in the interest of investors and it is running successfully just a few days before it, so there will be more investors holding SOLANA for the long term and also something in investing in new projects , so don't be surprised and this will be more the same as the BSC which now also has a bigger pump.

[rosebrand]

I think Solana pumped due to some massive game projects that released too such as star atlas and many more. Their ecosystem is quite far from metamask extension but they are building their own system and other investors and whales are seeing how it got improved thats why they bought in. Its really amazing from a very low price now solana is kinda expensive. Only If I bought a lot during its early stage. Anyway thats my opinion and I think it could still grow more.

Use cases of a coin promotes it's price so am convinced the game project attributed to the high prices we seeing now and also it's backed by Sam who is a multimillionaire and he even made it known to the mass some time ago  that there should sell off sol and he would buy them back at a lower prices, imagine the guts. Well I love the fact that the price is pumping real good but it pains me that I got no sol left, sold so early and now I can't buy back because i don't want to FOMO in to the market or going to buy the top.

[Rana590]

In my opinion, it was supposed to happen someday. I would recommend you to keep an eye on ALGO. It will also pump in the coming days.

It has already started to rise but still don't know what's the reason behind it. Obviously it is on a good shape now but how can we sure that it will be rising continuously?

[Shallow]

To be frank, Solana took everyone by surprise, and if my calculations are correct, from the growth so far, it shows that SOL coin has hit another ATH. Even when the market is correcting, the price keeps growing and not only that, another good thing of note is that, as the SOL coin is growing, most of the tokens on its blockchain are growing with it. In as much as I might not know the reason for the pump, but it is clear the team are working on their blockchain in such a way that projects are now finding it easy to launch and if what happened during the BSC network wave is to happen again on the Solana blockchain, then we might be witnessing another round of growth of the SOL coin, that is, as more projects launch on it, the more it grows, moreover it is fast and transaction cost is cheap.
As usual, predictions are already flying on what the price will reach by end of the year, well no one can say but holding SOL might be a good idea just in case this anticipated bull run works more for their blockchain just like it did for BSC some months ago.

[Ryker1]

^[snip]
I am curious what could be the reasons for these pumps?

Well, that is the hell pumped, it makes me crazy to see that I did not have regret that I bought this coin 20% in my portfolio.
The reason is here ^{[ https://www.youtube.com/watch?v=dIAh3zM-KYw ]}, one of their great developers explained that because most likely crypto games are now in a bullish situation and could be the reason this coin pumped so much right now because of this factor. NFTs is very common based on game and there was a connection with the recent pump of solana.

[Hannahanto]

I really don't know what triggered this solana massive bull. Two highs in two days
The bitcoin bull made a huge impact but definitely not the main reason for the continues rise of solana price. I remember the last bear, all other coins where falling down and it took up to a week or two for solana to breakdown below $40 to $20 since then I've been like " this coin has potential and a strong team behind" and if it continues this way let's just expect nothing less but to see solana at $100 by next weekend.

[v3liana]

I'm looking forward and keep buying this coin because i believe solana will give me huge return in the future and it make me more confident about this coin because their so many big partnership around him which is nfts based projects, lot of defi, exchange, infrastructure and Solana is also often endorsed by SAM BankMan Fried (SBF) and founder/CEO of FTX also support this coin.