The future of Solana is looking weak

[kelonmusk]

Solana isn't an EVM chain, which is a good thing because it allows it to focus on optimizing for one specific use case: providing high-throughput support for dApps and decentralized internet infrastructure (the largest of which might be Ethereum). This is something that Ethereum can't do because if you try to build something that doesn't need to be as fast as possible on Ethereum, it will simply be too slow.

Even if you want to build something small, like a proof of ownership system for art or collectibles, there are still gas fees to pay every time someone wants access to the proof.

[Abiky]

Solana isn't an EVM chain, which is a good thing because it allows it to focus on optimizing for one specific use case: providing high-throughput support for dApps and decentralized internet infrastructure (the largest of which might be Ethereum). This is something that Ethereum can't do because if you try to build something that doesn't need to be as fast as possible on Ethereum, it will simply be too slow.

Even if you want to build something small, like a proof of ownership system for art or collectibles, there are still gas fees to pay every time someone wants access to the proof.

Solana is its own independent Blockchain network with its own set of tools and programming language for smart contracts. There's no other platform that's as fast and cheap as Solana (someone correct me if I'm wrong). However, it's also one of the most unreliable blockchains in the world. The network often experiences outages, while competing chains like ETH and ADA have been running smoothly without these kinds of issues. I guess that's what happens when the project sacrifices decentralization in favor of high performance and cost-efficiency. Developers don't seem to care about fixing outages, as they're only focused on the money. The announcement of a new phone powered by the Solana blockchain, tells us just that. For some reason, whales are keeping SOL among the top ranks in market cap. Most people want convenience these days, so they wouldn't care using Solana even though network outages are the norm on the Blockchain.

Ultimately, the market will decide whenever Solana will stay at the top or go all the way down the drain. As long as decentralization wins, there should be nothing to worry about. Just my thoughts

[Bazzu]

Regarding this problem, I think it depends on the fans and also the holders of Solana whether it is strong or not. and indeed the price of Solana has decreased in the past 1 month, but in the near future I see that the price of Solana has increased quite well, so basically no one will know about Solana in the future. but I hope that the price of solana in the future will rise even higher.

[drac970815]

everyone should stay away from Solana I think. Project will dead within next 6 months for sure.

[swogerino]

Solana isn't an EVM chain, which is a good thing because it allows it to focus on optimizing for one specific use case: providing high-throughput support for dApps and decentralized internet infrastructure (the largest of which might be Ethereum). This is something that Ethereum can't do because if you try to build something that doesn't need to be as fast as possible on Ethereum, it will simply be too slow.

Even if you want to build something small, like a proof of ownership system for art or collectibles, there are still gas fees to pay every time someone wants access to the proof.

Solana is its own independent Blockchain network with its own set of tools and programming language for smart contracts. There's no other platform that's as fast and cheap as Solana (someone correct me if I'm wrong). However, it's also one of the most unreliable blockchains in the world. The network often experiences outages, while competing chains like ETH and ADA have been running smoothly without these kinds of issues. I guess that's what happens when the project sacrifices decentralization in favor of high performance and cost-efficiency. Developers don't seem to care about fixing outages, as they're only focused on the money. The announcement of a new phone powered by the Solana blockchain, tells us just that. For some reason, whales are keeping SOL among the top ranks in market cap. Most people want convenience these days, so they wouldn't care using Solana even though network outages are the norm on the Blockchain.

Ultimately, the market will decide whenever Solana will stay at the top or go all the way down the drain. As long as decentralization wins, there should be nothing to worry about. Just my thoughts

When developers are only thinking about money in the end things will not end well but I hope to be wrong here.I was just checking the price as the last time I saw SOL price was when they were from 66 to over 100 dollars if I am not mistaken.I agree that whales are keeping it up because there is no other valid explanation for this,being one of the most unreliable blockchains in the world should not give the coin as much exposure as Solana had and is having.I personally love stability over convenience which is why I love projects like Raptoreum more,not a single outage and the developers are active there.

I agree with the OP in the end the future does not look that bright for Solana.

[goaldigger]

Regarding this problem, I think it depends on the fans and also the holders of Solana whether it is strong or not. and indeed the price of Solana has decreased in the past 1 month, but in the near future I see that the price of Solana has increased quite well, so basically no one will know about Solana in the future. but I hope that the price of solana in the future will rise even higher.

If one will not work according to their plan, there should be a back up plan because a any project can’t afford to be stagnant, they should keep on improving and updating. There might be a huge FUD for SOL right now but they should not focus on that, better for them to try a new way to update their platform and be more secured to attract new investors, I also think this is not the end yet for SOL there are still chance for them in the next bull market.

[Ojima-ojo]

I read online about how Layer 2 projects like optimism and Arbitrum have both flipped solana in TVL, are Layer 2 projects going to take over Solana in future? Also solana is the only project that is not EVM chain compatible, how is this not bad for Solana?.

Layer 2 blickchain, open up alot of new development that could help solve many problem abd helo advance the push for cryptocurrncy scalability at whatever point, but in most current, solana has be weak after it crashed when the frx crisis was rocking the market.

But with the support of their community the pruce was able to recover back to arou d $14 which is not too significant for me but at least it shows sifn of recovery.

But me personally, I can't consider Solana as a good investment choice because of its recent market movement and its involvement with the so-called had ftx.

[AakZaki]

Layer 2 blickchain, open up alot of new development that could help solve many problem abd helo advance the push for cryptocurrncy scalability at whatever point, but in most current, solana has be weak after it crashed when the frx crisis was rocking the market.

But with the support of their community the pruce was able to recover back to arou d $14 which is not too significant for me but at least it shows sifn of recovery.

But me personally, I can't consider Solana as a good investment choice because of its recent market movement and its involvement with the so-called had ftx.

layer 2 ethereum currently dominates the blockchain and many similar projects continue to be developed. I follow a number of them such as Arbitrum, optimism, Zksync and many others.

But I haven't explored Solana that much because yesterday the price of Solana had dropped and now Solana is back up with several updates. The FTX collapse is also the obvious reason why Solana has fallen. This time may be a year of recovery for solana. But right now it's not just Solana, several other altcoins like Polygon are also experiencing the same impact and are also experiencing recovery after the FTX case is over.

[Abiky]

When developers are only thinking about money in the end things will not end well but I hope to be wrong here.I was just checking the price as the last time I saw SOL price was when they were from 66 to over 100 dollars if I am not mistaken.I agree that whales are keeping it up because there is no other valid explanation for this,being one of the most unreliable blockchains in the world should not give the coin as much exposure as Solana had and is having.I personally love stability over convenience which is why I love projects like Raptoreum more,not a single outage and the developers are active there.

I agree with the OP in the end the future does not look that bright for Solana.

Stability/reliability goes above all else. Even if whales are keeping Solana afloat, the project won't be able to last for long if developers don't fix its underlying issues on time. The competition is getting fierce each day, with new smart contract platforms delivering unique features not found anywhere else. Solana should've focused on providing real use cases to the mainstream world, instead of being solely driven by hype.

With the recent crash of a major crypto exchange (FTX), I doubt Solana will be able to get back on its feet anytime soon. We're going to have to see how SOL will react during the next bull market run. Still, rising market prices are not a guarantee the project is doing well. Developers don't care about SOL, so it's likely the cryptocurrency will become history soon. Just my thoughts

[klidex]

I read online about how Layer 2 projects like optimism and Arbitrum have both flipped solana in TVL, are Layer 2 projects going to take over Solana in future? Also solana is the only project that is not EVM chain compatible, how is this not bad for Solana?.

From several events and history from Solana, are you still sure that Solana's future will be good.
To be honest, I myself am not sure of this, especially when I remember the travel history of Solana.
I actually think that it is difficult for Solana to be able to revive in the market and attract investors to invest in Solana.
Whatever the project that will be carried out by Solana in the future cannot be a guarantee for being able to have good prospects in the future.

[tvplus006]

...I actually think that it is difficult for Solana to be able to revive in the market and attract investors to invest in Solana...

There were reports online that Google bought a Solana coin at a price of $10 for 1 Sol for a total of $ 28 million. Martin David Folb, CEO of Token Dynamics, tweeted about it - https://twitter.com/martypartymusic/status/1612579124282810368 If this information really turns out to be correct, then this explains the pump Sol that we have observed in recent days.

[Hamza2424]

Sol has lost its potential and hype and i am damn sure without any big development it's very challenging for the SOL to rise up again. Even i am not interested in SOl by personal point of view as there is nothing SOL to sell on the name feature or  uniqueness on Blockchain.

[Psynthax]

solana indeed very week at the moment there are other alternatives that's just better and isn't related with some platform collapses, bonk was the only thing that helps solana survive long but then again even bonk right now seems to fade, I think investing in solana just doesn't seem prospective anymore and better settle investment in other similar coin, considering the data you presented it seems indeed many are already migrating their investments in other blockchain.

[AmoreJaz]

Sol has lost its potential and hype and i am damn sure without any big development it's very challenging for the SOL to rise up again. Even i am not interested in SOl by personal point of view as there is nothing SOL to sell on the name feature or  uniqueness on Blockchain.

before, i was thinking that SOL has the capability to hit in the market because of its promising development. but hack after hack, i don't know what to think now about the strength of its network. they should really step up to earn again the interest of some investors who lost their trust. if their devs won't do anything impressive, this network will soon join those projects that were long forgotten.

[JeffBrad12]

Sol has lost its potential and hype and i am damn sure without any big development it's very challenging for the SOL to rise up again. Even i am not interested in SOl by personal point of view as there is nothing SOL to sell on the name feature or  uniqueness on Blockchain.

agreed, it has lost trust, it has lost its selling point I don't think it could ever recover back to its former glory, sol basically already beyond any saving though this might be just my 2 cents since there are still series of increase that sol have but I think for the long term it just isn't having enough potential after all the things surrounding sol, but i'd say sol is quite resilient enough even after so many crashes of related exchange and investment companies it still keeping its value good enough compared other.

[samuraijin]

Sol has lost its potential and hype and i am damn sure without any big development it's very challenging for the SOL to rise up again. Even i am not interested in SOl by personal point of view as there is nothing SOL to sell on the name feature or  uniqueness on Blockchain.

before, i was thinking that SOL has the capability to hit in the market because of its promising development. but hack after hack, i don't know what to think now about the strength of its network. they should really step up to earn again the interest of some investors who lost their trust. if their devs won't do anything impressive, this network will soon join those projects that were long forgotten.

Don't they have a team that handles things to prevent hacking from happening, because that's the most important and fatal thing to keep silent about, because it involves public trust and plus a lot of investor funds, at least the SOL Team can find someone who can look after and deal with existing problems  In the Solana network, we know that all servers are very vulnerable to being hacked, but it depends on the method used to protect them.

[TastyChillySauce00]

everyone should stay away from Solana I think. Project will dead within next 6 months for sure.

It's not going to happen. The whales were still using solana as pump and dump coins. Recently solana got pumped due to the some big news. SBF was owning so many bags of solana in the past and this makes investors are feeling worried with it but the ecosystem will still alive not matter what's gonna happen with SBF and i think that solana will always still survive. As long as SBF already dumped his solana and this project is still fine at this moment. It seems like that what you have been wishing will not even come true soon.
I personally believe that solana is still become a way to make money but not as an investment.

[Hildentine]

 I think not anyone say that in the future Solana rise are not because suddenly Solana pump in the end of Bear market so the chance is that Solana more pump in future because many events,airdrops are ongoing and people are use this chain so much in those days so according to my experience is that in the coming days Solana more pump.