talkoncrypto Official (OP)
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November 09, 2022, 05:26:39 AM Last edit: November 09, 2022, 07:45:43 AM by talkoncrypto Official |
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Market realizing that Binance now owns 10% of the tokens and that he would rather support BNB chain than SOL. Also Solana just lost all the support and investment that FTX were making in the ecosystem. Is solana going to suffer and what could be its repercussions on the whole crypto economy..
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Tytanowy Janusz
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November 09, 2022, 11:10:39 AM |
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Market realizing that Binance now owns 10% of the tokens and that he would rather support BNB chain than SOL. Also Solana just lost all the support and investment that FTX were making in the ecosystem. Is solana going to suffer and what could be its repercussions on the whole crypto economy..
Its just a smart contrat platform that no one is using. There is no big dex, not so much of TVL, not much userbase. Nothing will happend to whole crypto economy. Maybe people will be more sceptical about investing in shitcoins - which has net positive impact on market. SOL is only a overhyped, overpriced project.
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Yamifoud
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November 09, 2022, 12:06:49 PM |
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What we saw with Solana is somewhat an indication for its future, it seems hopeless to see this project long-term but smells like a shitcoin that is soon to die. In fact, their investors and supporters had left earlier for they actually have some negative view of what might happen to this project. We never have to neglect this situation, it is about testing projects in the market to see who will ever stay.
Solana has once been hyped last year and it struggling now to survive, that is a terrible thing to happen in a project that it was just created for such event.
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virasog
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November 09, 2022, 12:33:06 PM |
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What we saw with Solana is somewhat an indication for its future, it seems hopeless to see this project long-term but smells like a shitcoin that is soon to die. In fact, their investors and supporters had left earlier for they actually have some negative view of what might happen to this project. We never have to neglect this situation, it is about testing projects in the market to see who will ever stay.
Solana has once been hyped last year and it struggling now to survive, that is a terrible thing to happen in a project that it was just created for such event.
How people change their opinions and speculation about these altcoins. Solana was one of the best coins along with FTT and people were advised to get them in their portfolio and now all of a sudden SOL become a shit coin ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Previously, we had LUNA which was one of the best holdings and people got rekt who hold and thought this will be the coin of the future. Seeing recent incidents, I come to the conclusion that only Bitcoin BTC is the real money rest all are shitcoins. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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omone1
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November 09, 2022, 03:50:48 PM |
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Solana didn't do well at all, chain was always crashing, all the projects I bought there are all down without hope of recovering, more blockchains are coming up with better promises. Solana didn't coonect with other blockchains too, their chains were always lagging and now war is coming.
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pawanjain
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November 09, 2022, 04:44:59 PM |
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Its a very tough time for Solana to be honest. I still think Solana has a really good tech and ecosystem but at the same time the current events show that it will be very very hard for Solana to recover from the sudden dump. Only time will tell if the support for Solana is still present or all of them have sold their bags. I was a strong supporter of sol once but due to outages I cut short my bag of SOL. I still hold some of it though which is why I am concerned about the dump.
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albon
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November 09, 2022, 04:46:53 PM |
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What we saw with Solana is somewhat an indication for its future, it seems hopeless to see this project long-term but smells like a shitcoin that is soon to die. In fact, their investors and supporters had left earlier for they actually have some negative view of what might happen to this project. We never have to neglect this situation, it is about testing projects in the market to see who will ever stay.
Solana has once been hyped last year and it struggling now to survive, that is a terrible thing to happen in a project that it was just created for such event.
How people change their opinions and speculation about these altcoins. Solana was one of the best coins along with FTT and people were advised to get them in their portfolio and now all of a sudden SOL become a shit coin ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Previously, we had LUNA which was one of the best holdings and people got rekt who hold and thought this will be the coin of the future. Seeing recent incidents, I come to the conclusion that only Bitcoin BTC is the real money rest all are shitcoins. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Any investor should not invest in more than he can, despite the fact that long-term investment pays better than short investment, I agree with you that there is no safe investment other than Bitcoin even the strongest coin and the most powerful project can vanish in a matter of days, so we have to We put it as a rule, which is to invest in what we can afford to lose, frankly, I am one of the people who lost a lot of their money in the Solana coin after its recent decline, and I think that we should not put all our hopes and trust in one currency because the crypto market is volatile and not guaranteed, maybe overnight, we can be surprised that our capital has turned below zero.
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Polkeins
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November 09, 2022, 06:49:25 PM |
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Its a very tough time for Solana to be honest. I still think Solana has a really good tech and ecosystem but at the same time the current events show that it will be very very hard for Solana to recover from the sudden dump. Only time will tell if the support for Solana is still present or all of them have sold their bags. I was a strong supporter of sol once but due to outages I cut short my bag of SOL. I still hold some of it though which is why I am concerned about the dump.
Difficult times are an understatement. Tomorrow the 60 million of Sol should hit the market and I think the rate will fly down like a stone off a cliff. https://solanacompass.com/validators/changeThe project has almost no support, solana network periodically fails, the funders have kept most of the distribution (oh, this greed). In general, all the conditions for the collapse of the project, we will wait.
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Dread Pirate Roberts
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November 10, 2022, 03:02:43 AM |
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Market realizing that Binance now owns 10% of the tokens and that he would rather support BNB chain than SOL. Also Solana just lost all the support and investment that FTX were making in the ecosystem. Is solana going to suffer and what could be its repercussions on the whole crypto economy..
the crypto market is completely unpredictable. Even coins that have clear functions and good utility can fall this deep. whereas there was a lot of good news before with google and other investment platforms will help solana chain but still falling this deep.
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GreatArkansas
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November 10, 2022, 03:19:19 AM |
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Solana will be volatile these coming hours and days for sure. There are a lot of people started to unstake their SOL and for sure some of them will start selling, what's the point they unstake if they don't sell it? This is really alarming, we all know FTX Exchange is really into Solana, Solana is like a BNB of Binance Exchange for FTX Exchange. I am still hoping that FTX will solve all of these.
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ice18
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November 10, 2022, 03:36:47 AM |
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Its a very tough time for Solana to be honest. I still think Solana has a really good tech and ecosystem but at the same time the current events show that it will be very very hard for Solana to recover from the sudden dump. Only time will tell if the support for Solana is still present or all of them have sold their bags. I was a strong supporter of sol once but due to outages I cut short my bag of SOL. I still hold some of it though which is why I am concerned about the dump.
Difficult times are an understatement. Tomorrow the 60 million of Sol should hit the market and I think the rate will fly down like a stone off a cliff. https://solanacompass.com/validators/changeThe project has almost no support, solana network periodically fails, the funders have kept most of the distribution (oh, this greed). In general, all the conditions for the collapse of the project, we will wait. 5 hours remaining before unstake,? wow that was huge amount of Sol going to flood in the market for sure whale stakers who got liquidated in the last 24 hours will dump SOL and buy bitcoin lets see what will happen after 5 hours, can we see another huge price crash in the market?
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cryptoaddictchie
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November 10, 2022, 04:42:37 AM |
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Market realizing that Binance now owns 10% of the tokens and that he would rather support BNB chain than SOL. Also Solana just lost all the support and investment that FTX were making in the ecosystem. Is solana going to suffer and what could be its repercussions on the whole crypto economy..
I think the unlock of private investors are scheduled today. Im pretty sure the sooner they get their hands on it, the first thing they want to do is dump their token to take advantage of liquidity cause they are probably sure that it would nose dive hard due to ftx current issue. Sam already got huge problem facing and solana we all knew that they gonna back them up and that means fund action.
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mindrust
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November 10, 2022, 04:55:38 AM |
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That would be good tbh. I never understood what do solana, matic, cardano, xrp, polka, polygon, avax etc. do... They all need to disappear. They had their shot after moving off of ETH and now it is clearly visible that they don't do shit. If they don't do anything, why do they deserve them multi billion dollar marketcaps? These shitcoins' market caps are bigger than many companies with real employees.
Good riddance.
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MAAManda
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November 10, 2022, 05:14:03 AM |
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Market realizing that Binance now owns 10% of the tokens and that he would rather support BNB chain than SOL. Also Solana just lost all the support and investment that FTX were making in the ecosystem. Is solana going to suffer and what could be its repercussions on the whole crypto economy..
Of course, after the bad news about SBF and FTX that has been circulating, it is very likely that Solana (SOL) will also be affected by this, this is also supported by news from Theblock which says that around $1B worth of $SOL is in the unstake phase. Maybe in the near future we will see a decrease in the price of $SOL. Then, this will also have an impact on the crypto space as a whole, people will start to be afraid to be here. I just hope the bad effects of this FTX and SBF problem don't last long.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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Polkeins
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November 10, 2022, 05:43:45 AM |
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Its a very tough time for Solana to be honest. I still think Solana has a really good tech and ecosystem but at the same time the current events show that it will be very very hard for Solana to recover from the sudden dump. Only time will tell if the support for Solana is still present or all of them have sold their bags. I was a strong supporter of sol once but due to outages I cut short my bag of SOL. I still hold some of it though which is why I am concerned about the dump.
Difficult times are an understatement. Tomorrow the 60 million of Sol should hit the market and I think the rate will fly down like a stone off a cliff. https://solanacompass.com/validators/changeThe project has almost no support, solana network periodically fails, the funders have kept most of the distribution (oh, this greed). In general, all the conditions for the collapse of the project, we will wait. 5 hours remaining before unstake,? wow that was huge amount of Sol going to flood in the market for sure whale stakers who got liquidated in the last 24 hours will dump SOL and buy bitcoin lets see what will happen after 5 hours, can we see another huge price crash in the market? While the price of Solana has stabilized, I do not think that everyone will immediately start to sell the SOL because it will be an automatic collapse, and I think no one wants to go badly into minus. Therefore, I think they will wait for a more favorable moment to sell Solana for 10 or 15 dollars, because it's cheap, right? After all, and took 200, which means that the 10 is just free. Although in the long term, the project is most likely over.
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tbct_mt2
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November 10, 2022, 05:44:03 AM |
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Of course, after the bad news about SBF and FTX that has been circulating, it is very likely that Solana (SOL) will also be affected by this, this is also supported by news from Theblock which says that around $1B worth of $SOL is in the unstake phase. Maybe in the near future we will see a decrease in the price of $SOL. Then, this will also have an impact on the crypto space as a whole, people will start to be afraid to be here. I just hope the bad effects of this FTX and SBF problem don't last long. Solana is backed by FTX but unfortunately FTX and $FTT already were crashed, so Solana will not have too good movement in near future. Furthermore if you take into consideration how crazy Solana was grown in the last bull run with more than 200 times of growth in price, a serious correction to where it started is possible. Before the FTX and $FTT fiasco, Solana already shown a lot of its blockchain weakness and drawbacks previous months. Many NFT projects were affected by Solana under capacity. The fiasco only contributes bad things to Solana and honestly I did not own any Solana in the last one year.
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Strongkored
Legendary
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November 10, 2022, 05:45:43 AM |
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It is very likely to happen and now the price has started to show that after the news of the collaboration with google cloud which has a positive impact now that the SBF drama is quite damaging the positive impact of the good news a few days. There is a theory that Alameda Research might sell Solana for fresh funds https://www.coindesk.com/markets/2022/11/07/solana-falls-and-speculation-centers-on-links-to-sam-bankman-frieds-ftx-alameda/and the speculation is enough to create panic and retailers should be to sell SOL and exit this market as soon as possible. This should be a warning to altcoin holders that none of these altcoins are safe they are interrelated, bad news on other coins will affect anothers and it must always be remembered that retail is the one who suffers the most.
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MAAManda
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November 10, 2022, 06:35:58 AM |
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Solana is backed by FTX but unfortunately FTX and $FTT already were crashed, so Solana will not have too good movement in near future. Furthermore if you take into consideration how crazy Solana was grown in the last bull run with more than 200 times of growth in price, a serious correction to where it started is possible.
Before the FTX and $FTT fiasco, Solana already shown a lot of its blockchain weakness and drawbacks previous months. Many NFT projects were affected by Solana under capacity. The fiasco only contributes bad things to Solana and honestly I did not own any Solana in the last one year.
Price movements in the 24H time frame have shown -27%, this will also have a bad impact on projects in the Solana ecosystem. After $LUNC maybe we'll see $SOLC, LOL. What do you think? is it possible that we will see -50% or -75% on Solana's price as of tomorrow?
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irhact
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November 10, 2022, 08:46:31 AM |
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Market realizing that Binance now owns 10% of the tokens and that he would rather support BNB chain than SOL. Also Solana just lost all the support and investment that FTX were making in the ecosystem. Is solana going to suffer and what could be its repercussions on the whole crypto economy..
Solana has always been a bad investment that's why I haven't ever bought it. Some people might have made gain as basically everything was been hyped last year but I saw nothing good in investing in Solana for the long run. With all the investment they have gotten and all the big money backing yet they couldn't build a blockchain people can using frequently without any disturbance. Now that their biggest investors has been bankruptcy, it's just a matter of time before they start selling their Solana bag and this will crash the market more. Investors need to stop investing in all this over hype project that exchange force on their customers. Or better still get out when the market is green and not rely on their lies for higher profit if you hold.
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zasad@
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November 10, 2022, 02:52:20 PM |
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Traders buy back Solana in the range of $12-16. Despite more criticism, this ecosystem is very large, so it may be decided to keep it.370 the era ended, the validators received their coins, but the price of solan on the market increased. It could be manipulation.
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