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Author Topic: Solana drop up to 5%  (Read 327 times)
BlockchainMentors
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June 29, 2022, 04:46:41 AM
 #1

should i buy this time or invest in other Crypto? is Solana good investment?
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June 29, 2022, 05:27:24 AM
 #2

should i buy this time or invest in other Crypto? is Solana good investment?
The current market conditions have not provided an opportunity to invest in Solana, this will have an impact on the assets you have, you should invest in Ethereum and BNB first, when the initial bull run comes, then that's when you make a purchase on Solana, a habit that occurs both coins will experience a faster pumping for the altcoin class, the correlation is quite clear, that the reaction will have an impact on the next Solana

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June 29, 2022, 06:27:51 AM
 #3

You do have a point to invest in altcoins when the bull market comes but the opportunity might be lower compared to today, this might be a different cycle for crypto, don't expect things to always work out the same way as the past history. OP it's wiser to buy using DCA, but all the way down, do not go in all at once.

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June 29, 2022, 09:25:32 AM
 #4

should i buy this time or invest in other Crypto? is Solana good investment?
that's your choice. We can't dictate you whether you shall buy now or not. So far solana is always showing us a good development result and that's why this coin can be considered as a major coin right now. It's always become a very good investment for long term. During the market crash and any coin will always become a legit investment except those garbage coin which has no value and scam token. You must aware if there are bunch of tokens right now. Solana is worth for long term investment.

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June 29, 2022, 11:16:15 AM
 #5

should i buy this time or invest in other Crypto? is Solana good investment?
We do not know for sure that this is the bottom of the market.
If you want to invest in altcoins, then choose coins whose price is closer to the presale price of large funds. Then you will have an advantage over other market participants.

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June 29, 2022, 11:36:45 AM
 #6

should i buy this time or invest in other Crypto? is Solana good investment?

Solana is a good project. is still good for investment their price is down 80% from their all-time high. But Solana is a very unique project due to their exciting feature fast, secure, scalable, and decentralized. Solana is 3800 times faster than ETH 10000 times than BTC.
 If you want to invest in Solana for short term at the current marketplace so bro is not the right time to invest. you have still wait for their buying zone with DCA of your portfolio & if you want to buy for long-term investment so it's not bad at the current price of 34$. I am not a finical adviser but it's my opinion.
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June 29, 2022, 11:56:29 AM
 #7

should i buy this time or invest in other Crypto? is Solana good investment?

Solana volatility is srong it easily drop and easily go up. I still see it as a good investment due to the previous ATH. And a lot of Devs are using the Solana ecosystem also. So, its a good investment.
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June 29, 2022, 12:52:11 PM
 #8

Solana is a good investment. If it drops to 5% then you are buying Solana with an additional 5% discount.  I think it isn't a bad deal.

If you are interested to see some crazy predictions or  speculation about solana price that may hype you then you can check this : Solana (SOL) price prediction 2022
They speculate the price of Solana by the end of the year:
2022 = $222
2025 = $486
2030 = $1,267

I don't know how reliable their Technical Analyst is but if that happens then you know you did a good investment.


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June 29, 2022, 12:59:12 PM
 #9

should i buy this time or invest in other Crypto? is Solana good investment?
now market conditions is not good and on the other hand solana ecosystem have some problem and solana work slowly now . so i will not suggest you to invest in solana . if you really interested to investment at the time you can bought BNB , Ethereum and bitcoin. these coin will safe your money. you can get loss but it will only for a little time but you will get return your investment easily

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June 29, 2022, 01:47:58 PM
 #10

should i buy this time or invest in other Crypto?
Your money = your choice. Invest in a token or coin that you thought that if it's still undervalued. If you are believe in solana and just bought it using your cold money.



is Solana good investment?
Talking about whether solana was a good investment just like talking about if a company that already proven its reliability can be called as a garbage company and i said that's still worth and the bearish market is making it even worth to buy.


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June 29, 2022, 02:00:34 PM
 #11

should i buy this time or invest in other Crypto? is Solana good investment?

From a general point of view, this could be the best period to invest in your choice crypto or altcoin as most of them has reduced in value to a large extent. It could be a good idea to consider buying some quantity little by little to avoid the risk of buying a lot and the value still reduces. So plan your strategy and remember to only invest with your spare funds.
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June 29, 2022, 02:04:34 PM
 #12

You don't ask someone if you should invest on it because you should have your own decision in doing so.

But the golden rule for every investment, if you think that you're having a discount then buy it and make sure that you're prepared if another possible drop will come.

Because if a sudden drop occurs, you're going to buy it again. Many agrees that sol is a good investment and it's par with other top altcoins in the market but, if I were you, I'll do things on my own.

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June 29, 2022, 02:36:41 PM
 #13

I think this decline is a very good step to start investing with solana, and there is nothing to worry about this decline, not because solana is problematic but indeed the crypto market is weakening, which has resulted in almost all coins in CMC experiencing a decline, I am very optimistic that if the market improves again, the price of coins will also increase, including solana.

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June 29, 2022, 03:00:52 PM
 #14

The money is in you, of course the decision is yourself, invest in coins that you know, don't just look at it in terms of decline, but also analysis must be based on it.

About the decline in Solana's coin, it all happened to other altcoins, of course, many said it was a discount. If you feel it's right when it's going down, then buy it. I know Solana, a big coin, has potential in the future if you don't worry about it.
I'm sure Solana can grow again it's a strong ecosystem you have to believe about that.

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June 29, 2022, 03:01:44 PM
 #15

Solana is a good altcoin with the potential of growth especially when the market is bullish. This could be a good time to get some quantity, though there's still a possibility of the value reducing more as the market has been bearish for a while now and it doesn't seem to be changing soon.
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June 29, 2022, 03:05:15 PM
 #16

I'm expecting that many people would say yes. But to me I don't think Solana is a good investment anymore. Aside from Solana having already reached high, it has also shown a lot of problems. It has experienced network shutdowns already. That's a big no no for me. If this repeats, investors might finally realize it's not a good choice and lose trust. This is will result in massive dumping. What happened to Terra (LUNA) could happen to Solana as well.

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June 29, 2022, 03:23:57 PM
 #17

It's hard to speculate these days caused by the price of crypto already dumped to the bottom. The only thing that i can suggest you are if you are feeling confidence with the current price and then you can try to invest in solana. You can also try to divide your money to invest in another crypto as well. it doesn't matter what kind of coin as long as that's top coin. These days there are bunch of top coins already undervalued caused by the dump. Solana is also one of the best choice for now.

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June 29, 2022, 03:47:39 PM
 #18

should i buy this time or invest in other Crypto? is Solana good investment?

Looks like you've found the coin you're going to invest in, no one can tell you where the bottom of the market will be but look at current market conditions and more specifically Solana, the altcoin you're looking to invest in. I think it's a good time to buy Sol at this price, as it's over 70% off ATH. Since we can't determine whether the market will rise or fall, you should use DCA to be able to buy the best prices possible instead of buying once.

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June 29, 2022, 03:55:14 PM
 #19

when the crypto market weakens like now, the decline in coin prices is something very normal to happen, when compared solana with other coins such as BTC, ETH, and BNB they are down almost 30%, and there is nothing to worry about, I think these declines are a good move to buy them, because they have very bright potential and prospects so they are likely to increase again when the market recovers.

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June 29, 2022, 04:06:04 PM
 #20

should i buy this time or invest in other Crypto? is Solana good investment?

No one can look into the future and all we can do is give our best estimates here about what can happen in the next few days, weeks and months. I can say that i also have Solana in my personal watchlist to invest into. I still have a little bit of stablecoins laying around that are doing nothing and that i want to invest into promising projects of which i think can do a x10 from it's current price in the mid- and longterm future. Solana is one of those.
I personally will not invest until the price per Sol goes down to below 30 USD, maybe even below 25 $ depending on the market at that moment. I think a few more negative days like today and we will see those prices.

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