Is Solana full of hype?

[crzy]

Solana still has good potential and will continue to skyrocket, and happy because today the market is green again after a dip of almost 2 months and yesterday was the worst red record because many altcoins dropped more than 15%. do not hesitate to continue to invest Solana.

SOL is indeed a great project, and hyping this one is very normal especially in cryptomarket where good projects always have a good spot. The drop is simply because of the bear trend with Bitcoin but it doesn’t mean the the bubble already burst with SOL, the price will recover again and its really good to see some green candles again but too early to celebrate. SOL can really compete, this is a good technology that can be a big threat for ETH.

[zonefloor]

solana is definitely not hype. It performed very well in a very short time and came at a very good price. Even marginal coins have experienced serious decreases in the current market. Bitcoin fell hard, ethereum fell sharply. Of course, solana also suffered from these falls. These drops do not indicate that this cryptocurrency is hype. On the contrary, I think it will rise with even higher potential in the future.

[bitkanu]

Full with hype and i will say yes. People keep buying when they know the reality if this blockchain was not decentralized and thousands of nodes that already stated before totally BS. The congestion was happening but it didn't mean if that can make the blockchain shutdown for a while. I think that there are so many old projects that got hyped like this before. If the problem will be still around for long term and it may become another disaster for sure. I don't even know what reason to make people keep buying this centralized blockchain with potentially shutdown on its blockchain.
Im not hater but this indicates if what already stated before totally bull shit. If the blockchain can still get another shutdown due to the high amounts of transactions in the network and can it be used for massive adoption? It may make blockchain shutdown for long term.

[24Kt]

solana is definitely not hype. It performed very well in a very short time and came at a very good price. Even marginal coins have experienced serious decreases in the current market. Bitcoin fell hard, ethereum fell sharply. Of course, solana also suffered from these falls. These drops do not indicate that this cryptocurrency is hype. On the contrary, I think it will rise with even higher potential in the future.

I also believe that this is not hype. As we can see, some trading platforms are already including SOL network and you can differentiate that they do have cheaper fees if you compare it to the popular ETH network. So for me, it is not a hype. They have working network and even gambling casinos are already using it. So this coin, I think, has better chance to grow in the coming days. If you are investing, I prefer this coin rather than meme coin or token. At least with SOL, they have use case in the market and we are already seeing it.

[GreatArkansas]

(.......)

Do you think Solana is full of hype? If not, why? What will happen with SOL's price if network disruptions persist? Will it mark the end of Solana for good? Or will the blockchain network survive for a long time? Your input will be greatly appreciated. Thanks in advance.

I don't think so it is just hype. Solana is a good project, the team behind this project is quite good.
Another thing that I am pissed off with Solana is their issue about times, this is not the first time, I think already 2nd or 3rd time already?
So, this is one of their biggest problems of theirs.

Another issue is most of the projects under the Solana network, it seems VCs are just making money to small investors.

But yeah, it seems we are just in wrong timing, with recent dumps, most of the altcoins are also affected even Solana.

[SirLancelot]

Do you think Solana is full of hype? If not, why? What will happen with SOL's price if network disruptions persist? Will it mark the end of Solana for good? Or will the blockchain network survive for a long time?

No, I do not think so but maybe people back time are only busy on the mainstream cryptos and often look down the coins that they think not really important or coins that are undervalued. We have lots of those coins and those coins are now a rising start today.

I think that those people are now regretting and maybe they are now embracing this coins even if its already a little late. If there is something that is hyped I think that will be the meme coins because these kind of coins have nothing important to offer and maybe we can add in the nft's.

I do not know why some useless image and selfies can be worth a millions of dollars. I think the people that buys it are already out of his mind.

[Abiky]

I think so.

There is literally no working product. Their actual TPS is much less than their theoretical TPS.

Their DeFi network isn't even as strong as a lower cap coin like FTM or AVAX. They are essentially dominated in every single category except for fees by ETH, which will probably not be the case for the long run as ETH2.0 comes around.

You got that right. The project hasn't been able to deliver concrete results, other than being hyped up by its supporters. It's only been on the top because of the low fees and ultra-high performance. Considering that Solana has been a victim of several network disruptions, I don't think it's a blockchain to be "played with". People want something that's secure and reliable, not something that can go down periodically (like it's the case with Solana today). If network disruptions/outages keep up, I'm afraid SOL will go all the way down the drain at a very fast pace. Ethereum may be more expensive and slower to use than Solana, but it's safer and reliable than most projects out there in the crypto/Blockchain space.

As you said before, there are other competing chains with a "De-Fi" network stronger than Solana's. With ETH 2.0 around the corner, these chains will quickly lose traction on the market. Who knows if this will mean the end of Solana in the future? Just my opinion

[FanEagle]

The project hasn't been able to deliver concrete results, other than being hyped up by its supporters. It's only been on the top because of the low fees and ultra-high performance. Considering that Solana has been a victim of several network disruptions, I don't think it's a blockchain to be "played with". People want something that's secure and reliable, not something that can go down periodically (like it's the case with Solana today). If network disruptions/outages keep up, I'm afraid SOL will go all the way down the drain at a very fast pace. Ethereum may be more expensive and slower to use than Solana, but it's safer and reliable than most projects out there in the crypto/Blockchain space.

The promises that they gave to people are really cool. I am not going to lie, if SOL team delivered on their promises then it would have been something marvelous and they would have been one of the top coins, probably reach at least third place.

However, as you have said they are not really delivering on their promises and that is the main problem. Not that there is anything wrong with what they have right now, their capabilities are fine, but they promised more and this causes problems when people force it. If they can fix it all and have a working product exactly as they hoped for, then it will not be full of hype, but for the time being, they do not have that and it looks like full of hype only.

[Vaskiy]

Rather than hype, it is full of growth and popularity that makes people discuss as well as go upon Solana investment during this season. When the cryptocurrency market started to drop downwards there were much discussion on the potential altcoins. In that category Solana topped the list apart from Ada, palkodot, polygan and more others.

Solana has reached its ATH value above $260 have come down close to $60. This seems to be the reason why more people started to show interest over Solana during this season. Now it has recovered a little and trading around $100.

[justdimin]

Do you think Solana is full of hype? If not, why? What will happen with SOL's price if network disruptions persist? Will it mark the end of Solana for good? Or will the blockchain network survive for a long time?

It all depends on personal choice, there are so many investors who wouldn’t mind whether it is decentralized or not. And the community has been growing since the project was launched. Although the disruption that it had did make some investors to lose confidence in it, and that is the problem you would have when a platform is not decentralized, security becomes a problem. Personally I don’t think it is all about hype, normally a project like this would go through a hype phase, but as time goes on it will reach a time when we would get to know whether it’s all about hype or not.

[DeathAngel]

I’m not sure, obviously it’s come from nowhere with a very low price to being one of the main coins people talk about. Some people mention it as the next ETH. I’m just not so sure, it’s had several outages & tgey just can’t continue to repeat or it’ll go to zero.

[Sayeds56]

I’m not sure, obviously it’s come from nowhere with a very low price to being one of the main coins people talk about. Some people mention it as the next ETH. I’m just not so sure, it’s had several outages & tgey just can’t continue to repeat or it’ll go to zero.

Although Solana has shown remakable performance during the past one year and its price has gone up many many folds which reflects hard work of its team who made this chain one of the fastest ( more than 50,000 transactions/second) but  I think Solana is overpriced when we look at its networks performance which shuts down from time due to technical reasons despite being De-centralized which raises many questions. Network outage is a serious issue which can damage its reputation.

[zasad@]

https://twitter.com/markjeffrey/status/1485099559852199936?
"Another day, another 48 hour #Solana outage.

This is like the sixth time this has happened in 3 months.

I have zero faith in it now.  It is the new EOS.

The fight is now between ETH, BSC, Fantom, Avalanche and Terra."

Many experts see no future in similar ecosystems because they haven't been stress tested yet. I think this is not the last bug in this ecosystem.

[masterrex]

IMO, I think it's true because Solana was just a newcomer to this industry but if we look closer now into the platform's achievement we cannot ignore its popularity and strong community support thats why Solana is full of hype because they manage to reach that huge achievement in just as early as today, unlike Ethereum because the platform has struggled so much to achieve what it is today.

[asriloni]

Do you think Solana is full of hype?

I don't think if Solana is full with hype.

If not, why?

So many people are investing in this blockchain based on their research and we know that Solana has been getting funding by so many venture capital as well. That's why the price of Solana is quite high right now.

What will happen with SOL's price if network disruptions persist? Will it mark the end of Solana for good? Or will the blockchain network survive for a long time? Your input will be greatly appreciated. Thanks in advance.

None knows about that but as you can see even there are some blockchains that got hacked so many times are still exists caused by the loyal supporters. Just because the blockchain shutdown and it doesn't mean solana will die as soon as possible. There shall be some adjustment to the Solana blockchain but it seems like the capability of sol blockchain to handle bunch of transactions are not so good. it seems like that another update will come to fix this. I'm actively using this blockchain and it's fast and cheap but I can't deny the shutdown created fear.

[Abiky]

https://twitter.com/markjeffrey/status/1485099559852199936?
"Another day, another 48 hour #Solana outage.

This is like the sixth time this has happened in 3 months.

I have zero faith in it now.  It is the new EOS.

The fight is now between ETH, BSC, Fantom, Avalanche and Terra."

Many experts see no future in similar ecosystems because they haven't been stress tested yet. I think this is not the last bug in this ecosystem.

I can imagine the frustration of having to deal with several network outages in a row. People will simply lose confidence in the project until developers do something about it. This is a lesson to all of us, that it's not about convenience/ease-of-use but rather decentralization/security/reliability. Solana is already losing traction with the bear market, so if network outages keep up, the coin will become worthless in the future. There are better projects with security/reliability in mind. Ethereum may be expensive and slow to use at times, but it's the most decentralized altcoin on the planet. This will only ensure that the Blockchain will last a lifetime no matter what. If other projects copied Bitcoin and Ethereum's model, they would've had a better chance of survival.

For what I know, Solana is full of hype. Developers aren't taking security/reliability/decentralization seriously so I fail to see how this project will become a widespread success in the long run. Who knows what will be of Solana as the competition becomes fierce in the crypto/Blockchain space? Just my thoughts

[TastyChillySauce00]

it certainly is, so many smart contracts platform out there that are having significantly lesser problems compared with solana, if i’m given a chance in term of choosing best smart contract platforms for long term investment, i'd
matic and luna. I've observed solana and I could see that only very few of their projects are actually becoming famous and gaining success meanwhile in matic there are so many projects each day being released and most of them are
quality NFT projects and metaverses that could be gaining standing in the future basically making it more prospective and promising alternative of investment, solana in this side really falls behind.

[kawetsriyanto]

Solana has fundamentals, and it is strong enough. This is one of the networks that are until now is also still operating, being used by many more projects.
However, we also know there are several other competitors. We don't want to say that Solana is bad, actually, I like Solana's network and moreover it has been spreading. But once more, it may need more time to develop.
At that time, Solana is very popular with its new ways of the network, until now it is still.
But we all know how the current market. Not only Solana, but we can also see that all altcoins are dropped and crashed so much.
We can just say that as long as their team can maintain, develop, and also do some progress on this network, I am sure that at least, this can survive from this crashed market and will be better again.

[GeorgeJohn]

I’m not sure, obviously it’s come from nowhere with a very low price to being one of the main coins people talk about. Some people mention it as the next ETH. I’m just not so sure, it’s had several outages & tgey just can’t continue to repeat or it’ll go to zero.

The reason while everyone is considering and always emphasised on Solana, is because of it's decrement during this few time experience of bear market, Solana doesn't fall to am extreme like other cryptocurrencies, so it seems that it has a tangible potentiality, but you can not use it and compare to ethereum potentiality, irrespective of it's domination, so you can not compare a developing coin with a coin that has already taken ground.

[LUCKMCFLY]

IMO, I think it's true because Solana was just a newcomer to this industry but if we look closer now into the platform's achievement we cannot ignore its popularity and strong community support thats why Solana is full of hype because they manage to reach that huge achievement in just as early as today, unlike Ethereum because the platform has struggled so much to achieve what it is today.

I think the same, also to be a pump it would already be or would have the classification of a bubble and it is not, I think that Solana is well articulated, and by September 2022 it will be a fundamental piece for the development of the metaverses, and if everything goes for the Metaverses, both Solana and the Polygon network, will be very well accepted, and just doing some solana transactions implies a fee of 0.001 Sol, which is very cheap, this in countries like Venezuela is something very profitable for those who live from remittances, because when using this network it is fast, cheap and that is what most people are looking for. I think that's a prime reason why it keeps coming up.