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Author Topic: Solana made it to top 5  (Read 111 times)
pawanjain (OP)
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November 04, 2021, 12:09:55 PM
 #1

I would not lie but I knew this was gonna happen. When Solana was at rank #15 I read its whitepaper and I found it very fascinating.
I knew that this coin has a very good potential and it will soon rise in marketcap and claim it's position in the top 5.
Currently it's at rank #4 and on it's way to claim the #3 position. Yet many people think it's a shitcoin and I don't know why.
It's at least better than many of the other coins and I personally think it does deserve a spot in the top 5.
Although I think Solana would face a correction very soon and decline in price and marketcap, in the long term I still see it in the top #5.

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November 05, 2021, 02:00:01 PM
 #2

SOL is also an ethereum killer which is getting more and more popular due to the issues on the ethereum blockchain which is extremely high fee. And also SOL has the usability on both DAPP as well as on NFT so its like utility based network which will perform based on the projects which are running over it.

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Tytanowy Janusz
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November 05, 2021, 04:09:41 PM
 #3

I would not lie but I knew this was gonna happen. When Solana was at rank #15 I read its whitepaper and I found it very fascinating.

What was so fascinating in theirs whitepaper?

I knew that this coin has a very good potential and it will soon rise in marketcap and claim it's position in the top 5.

What potential it has that other coins does not? For example comparing to BSC, DOT, AVAX, EGOLD and many more?

It's at least better than many of the other coins

Why?

Although I think Solana would face a correction very soon and decline in price and marketcap, in the long term I still see it in the top #5.

Why?

You see? All i find in your posit is "i think" "i knew it will pump" "my bag is better than others" "it has big potential" "fascinating whitepaper" etc. The same phrases repeated by every bagholder.
pawanjain (OP)
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November 06, 2021, 04:11:01 PM
 #4

I would not lie but I knew this was gonna happen. When Solana was at rank #15 I read its whitepaper and I found it very fascinating.

What was so fascinating in theirs whitepaper?

Solana's ability to complete a transaction in 400 milliseconds, solving the blockchain trilemma and the new Proof of History.


Quote
I knew that this coin has a very good potential and it will soon rise in marketcap and claim it's position in the top 5.

What potential it has that other coins does not? For example comparing to BSC, DOT, AVAX, EGOLD and many more?

The TPS of Solana is higher than any of those coins.

Quote
Although I think Solana would face a correction very soon and decline in price and marketcap, in the long term I still see it in the top #5.

Why?

You see? All i find in your posit is "i think" "i knew it will pump" "my bag is better than others" "it has big potential" "fascinating whitepaper" etc. The same phrases repeated by every bagholder.

I never said my bag is better than others and neither am I a bag holder. I am just expressing my opinion about this coin.

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November 06, 2021, 04:26:14 PM
 #5

Solana's ability to complete a transaction in 400 milliseconds, solving the blockchain trilemma and the new Proof of History.

The TPS of Solana is higher than any of those coins.

Currently it's at rank #4 and on it's way to claim the #3 position.

So Solana claims to be fast. Is it enough to be in top 3?

BNB (current top3):
~60% ROI from lauchpads/lauchpools
-Chain with the biggest traffic - 10x ETH traffic (10M daily TX vs 1 M daily TX)
-reduce fee on biggest exchange
-deflationary (~5% supply down per year)
-3x undervalued comparing to NASDAQ average P/E (binance generates ~ 10B annual profit - P/E ~ 10)
-binance owns CMC
-binance labs is investing all around the crypto space. Most likely binance owns big bags of every promising project. Have so much money and resources that can buy/takeover any new tech that is promising.

Solana ... claims to be fast. But does it really matters that we have 50k TPS or 5k TPS? How much of this solana is using right now with current adoption? 10 TPS? 50 TPS? We will need 50 K TPS chain after 10 years. If ever.

I am just expressing my opinion about this coin.

In my opinion people prefer facts rather than opinions. So far you said its fast.
Jackl87
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November 06, 2021, 04:37:34 PM
 #6

I would not lie but I knew this was gonna happen. When Solana was at rank #15 I read its whitepaper and I found it very fascinating.
I knew that this coin has a very good potential and it will soon rise in marketcap and claim it's position in the top 5.
Currently it's at rank #4 and on it's way to claim the #3 position. Yet many people think it's a shitcoin and I don't know why.
It's at least better than many of the other coins and I personally think it does deserve a spot in the top 5.
Although I think Solana would face a correction very soon and decline in price and marketcap, in the long term I still see it in the top #5.


Even though i don't own any Solana myself i am happy that this project is successful because in contrast to all those stupid meme-coins that keep appearing each and every day and are flooding and also, at least in my opinion, dilute the whole crypto market Solana really offers a great ecosystem with very fast transactions and very low fees that enables a lot of functionalities. A lot of new projects are already choosing the Solana Blockchain as their go to ecosystem which is a great achievement by SOL.
As i have already said, i don't own any SOL myself and i don't plan to buy them either because i don't invest into projects where other people already made a x500 of their investment.
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November 06, 2021, 04:46:25 PM
 #7

solana's project is pretty good and they're going to keep going up but the #5 is really hard to get to, at least they have to pump up for this.
although the possibility will always be there but other coins seem to continue to be above them like eth and bnb.
but it will be interesting to see how this coin will continue in the future because there is some speculation that this coin will be an eth killer in the future

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November 06, 2021, 04:49:21 PM
 #8

I would not lie but I knew this was gonna happen. When Solana was at rank #15 I read its whitepaper and I found it very fascinating.
I knew that this coin has a very good potential and it will soon rise in marketcap and claim it's position in the top 5.
Currently it's at rank #4 and on it's way to claim the #3 position. Yet many people think it's a shitcoin and I don't know why.
It's at least better than many of the other coins and I personally think it does deserve a spot in the top 5.
Although I think Solana would face a correction very soon and decline in price and marketcap, in the long term I still see it in the top #5.

Solana is a great project, but I also think that this price increase was made by manipulators.
Look at the projects in this ecosystem, liquidity, the number of users, and you will understand that capitalization is overstated, although capitalization is not the best indicator to evaluate.
The ecosystem is nothing new, all projects are copied from the Ethereum ecosystem.

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November 06, 2021, 04:53:01 PM
 #9

I would not lie but I knew this was gonna happen. When Solana was at rank #15 I read its whitepaper and I found it very fascinating.
I knew that this coin has a very good potential and it will soon rise in marketcap and claim it's position in the top 5.
Currently it's at rank #4 and on it's way to claim the #3 position. Yet many people think it's a shitcoin and I don't know why.
It's at least better than many of the other coins and I personally think it does deserve a spot in the top 5.
Although I think Solana would face a correction very soon and decline in price and marketcap, in the long term I still see it in the top #5.


Even though i don't own any Solana myself i am happy that this project is successful because in contrast to all those stupid meme-coins that keep appearing each and every day and are flooding and also, at least in my opinion, dilute the whole crypto market Solana really offers a great ecosystem with very fast transactions and very low fees that enables a lot of functionalities. A lot of new projects are already choosing the Solana Blockchain as their go to ecosystem which is a great achievement by SOL.
As i have already said, i don't own any SOL myself and i don't plan to buy them either because i don't invest into projects where other people already made a x500 of their investment.

It was a mistake on my side as well to not go with Solana. It was over hyped and already inflated when it came to my attention. But a lesson learned is there's always time to buy over hyped tokens which has a large following. Shiba Inu being another example. The last time I checked, Solana ecosystem has some activity on dapp games but the userbase and volume is not as high as some others. That has always made me resist on investing in the particular coin. Next time, I'll keep looking at any new hyped utility coin to invest on.

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November 06, 2021, 05:06:14 PM
 #10

It's nothing new, have you take your time to watch previous top 10 coins on coinmarketcap years back? Many coins made it to top10 in 2014 for example and they lost the rank to other coins in 2015, another coins rose up to top 10 in 2015 and they lost the rank in 2016, things will keep happening like this but ETH and BTC will remain the best

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November 06, 2021, 05:10:54 PM
 #11

It's nothing new, have you take your time to watch previous top 10 coins on coinmarketcap years back? Many coins made it to top10 in 2014 for example and they lost the rank to other coins in 2015, another coins rose up to top 10 in 2015 and they lost the rank in 2016, things will keep happening like this but ETH and BTC will remain the best

BNB is also the coins that holds their position at the top.
Yeah every year there are some coins that are on the hype and predicted by the people will replace ETH or BTC but at the end they will fall against new coins that has a better plans and features.
Solana has many tokens under it's ecosystem, if those tokens are good, maybe it could be like ETH which will stay on the top for a long time.
But let's see..
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November 06, 2021, 05:33:31 PM
 #12

It's nothing new, have you take your time to watch previous top 10 coins on coinmarketcap years back? Many coins made it to top10 in 2014 for example and they lost the rank to other coins in 2015, another coins rose up to top 10 in 2015 and they lost the rank in 2016, things will keep happening like this but ETH and BTC will remain the best
Bitcoin and Ethereum will not be easily swayed in their current position and the top 10 filler in the rankings at the moment will remain the same for next year because under Ethereum there is BNB and then Solana which both of them have also had very good development, only the amount of trading volume has changed be the differentiator for each cryptocurrency and it can also affect its ranking.

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November 06, 2021, 05:53:50 PM
 #13

That was quick, SOL is one of the altcoins that has got up and gone to the top. I remember when ADA did the same and became and part of one of the top 5 too.
There really are projects that we think will make it and others don't see the interesting part that we saw on a particular project. And if you're too good to spot that, that's an achievement that you can be proud of.

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