Can Solana rise again?

[inanilujimi]

Solana was one of the best blockchain candidates before frequent outages on its network. but even so, solana survives even though it continues to be attacked with so much fud, there is no doubt that the community and developers are very strong, I believe that solana can rise while still getting support from the community.

[Bitcoin1216]

Solana certainly has a great potential for Rise Again, the market conditions are still red like now making all assets drop, this does not only happen with Solana but other top coins such as ETH or BNB also drop, now is a good time to buy Solana.

[Ziskinberg]

Solana certainly has a great potential for Rise Again, the market conditions are still red like now making all assets drop, this does not only happen with Solana but other top coins such as ETH or BNB also drop, now is a good time to buy Solana.

But I don't think so. Solana lost its market demand due to some issue that deliberately made its value drop more even without the bear season, it can still be possible seeing that situation. That is why don't expect too much from this project, better put your money and hope into the projects that are worthy of our trust and investment. We have to accept that Solana didn't make a successful attempt. Might we will still see it in the CMC, I can imagine the low value of this coin.

[justdimin]

I'm worried that Solana will have the same fate as FTT. Solana network problems have been around for a long time, it could get worse for Solana network users if there is an attack from negative news. this will create a negative sentiment toward the adoption and trading of Sol. if there was a continuous decline, it would end badly. Sol was temporarily suspended for trading on several exchanges. but in the end, they got on with it.

Unfortunately, that looks like a quite big possibility. I am not saying that it is 100% guaranteed, but the looks of it that Solana constantly have some technical issues, and if those technical issues become a lot more frequent then it would definitely cause it to crash. So, what is the path? To make sure that they fix all of that before the bull run comes, but without testing it, it would be very difficult to be certain they are fixed.

Simply, I would have to say it’s a difficult situation to be in for sure, there is no guarantee of anything and you are risking your money if you buy solana at this moment. It may survive, or it may crash very hard.

[albon]

Most of what I have seen is that there are a lot of people talking negatively about Solana, after the collapse of the FTX platform and its bankruptcy, as Solana lost millions of dollars and Solana was unable to recover its balances, and I see that Solana coin has become a victim of this storm, as it lost more than half of its value in less than a month, frankly There will be a great risk in Solana coin investment, so everyone should not enter with big money. For me, I will invest a small amount in it, perhaps we will find something positive in its price in the short term that reflects all expectations.

[fzkto]

Most of what I have seen is that there are a lot of people talking negatively about Solana, after the collapse of the FTX platform and its bankruptcy, as Solana lost millions of dollars and Solana was unable to recover its balances, and I see that Solana coin has become a victim of this storm, as it lost more than half of its value in less than a month, frankly There will be a great risk in Solana coin investment, so everyone should not enter with big money. For me, I will invest a small amount in it, perhaps we will find something positive in its price in the short term that reflects all expectations.

Many people are just as negative about solana after this unfinished project experienced difficulties with their blockchain or because of scam applications that stole record amounts of money. So it's not surprising that even more people started to hate solana after FTX collapsed. I also think it's a dead project in the future and will quickly have a replacement.

[molsewid]

Most of what I have seen is that there are a lot of people talking negatively about Solana, after the collapse of the FTX platform and its bankruptcy, as Solana lost millions of dollars and Solana was unable to recover its balances, and I see that Solana coin has become a victim of this storm, as it lost more than half of its value in less than a month, frankly There will be a great risk in Solana coin investment, so everyone should not enter with big money. For me, I will invest a small amount in it, perhaps we will find something positive in its price in the short term that reflects all expectations.

Many people are just as negative about solana after this unfinished project experienced difficulties with their blockchain or because of scam applications that stole record amounts of money. So it's not surprising that even more people started to hate solana after FTX collapsed. I also think it's a dead project in the future and will quickly have a replacement.

That's what I am thinking as well, correct me if I'm wrong even though Solana is different project to FTX still everyone knows in the world that the major reason they are in that place is because of they are being backed by FTX which is already filed for bankruptcy and last time it is announced being hacked. Solana will take years before it can recover and they need to have other partner venture to continue the plan, it will be seems so impossible to happen but it is still possible just a proper execution and they need to learn from the past.

[OgNasty]

There is a lot of bad accusations surrounding Solana right now. I imagine that the price is headed lower in the near term. Having Google as a supporter was a great announcement for them, but the FTX drama and now Bitboy saying that it’s just the tip of the iceberg, I would be hesitant about investing anything in Solana right now. Sure, it could bounce back up, but it could also go to zero. I’d definitely wait until the hype train gets rolling again before considering touching Solana.

[Mr. Magkaisa]

 - Sometimes FUD is done differently on different platforms to create information that can destroy an altcoins in this era.

But even so, I know and I believe that they can survive or overcome whatever they are going through in the market. Yes, its value will be affected right now because of what happened with Ftx, but I just don't think that will be a big reason for its price to continue to fall in the market in my own opinion, especially since it's good the development that is happening now in Solana.

[Lambe Ndumble]

I was surprised when I saw the ranking of Solana at this time was ranked 14 which usually always entered the top 6 ranking, but the good thing was this week the price had gone up more than 9%, I was sure when the market began to improve then Solana would immediately skyrocket and enter the top 5 ranking .

[Cling18]

The FTX issue has affected Solana real bad but I'm sure that things will still get better for it especially when the market goes into its recovery phase. Solana has built a good foundation already so it wouldn't crash continuously that easily. There will be investors who will doubt and would feel hesitant but I'm sure that it still has a huge potential to rise again. We only have to wait until the market recovers.

[erk]

The FTX issue has affected Solana real bad but I'm sure that things will still get better for it especially when the market goes into its recovery phase. Solana has built a good foundation already so it wouldn't crash continuously that easily. There will be investors who will doubt and would feel hesitant but I'm sure that it still has a huge potential to rise again. We only have to wait until the market recovers.

FTX dumped a lot of SOL which helped drag the price down.
That dump should be finished by now, and margin calls should have stabilized.

I don't believe there is anything fundamentally wrong with SOL and it's network, therefore it should crawl back up once this "dump everything flight to USD" cycle is finally over.

[TastyChillySauce00]

This Solana price prediction is quite optimistic If we get hit by another bull wave in the next year I think it's not that far-fetched.

That's nice chart for 1 year prediction but i didn't even think the chart will be like that. It may needs at least a few years or until bitcoin will have done another halving again to decrease the block reward and inflation rate caused by miners. Solana needs bitcoin to be pumped so hard like what you have mentioned in the chart. Another bullwave is not likely to come in the next year. It may probably takes a few years to recover from the bottom yet we didn't know what's gonna happen for sure caused by it can be even shorter or longer due to the various factors that were affecting the price in the crypto. As long as the condition from another country will be steadily recovering from the recessions and im sure that if solana can rise again but touching new ath will not happen until bitcoin will do that first.

[alexandr1115]

Most of what I have seen is that there are a lot of people talking negatively about Solana, after the collapse of the FTX platform and its bankruptcy, as Solana lost millions of dollars and Solana was unable to recover its balances, and I see that Solana coin has become a victim of this storm, as it lost more than half of its value in less than a month, frankly There will be a great risk in Solana coin investment, so everyone should not enter with big money. For me, I will invest a small amount in it, perhaps we will find something positive in its price in the short term that reflects all expectations.

that's right! The drop is also due to the fact that the Binance exchange has stopped accepting USDC and USDT deposits on the Solana blockchain without any explanation!! Also, the acceptance of USDC и USDT deposits in the Solana network was discontinued by exchanges under the names: OKX, Bybit, BitMEX, KuCoin, MXC и Crypto.com.

[posi]

Most of what I have seen is that there are a lot of people talking negatively about Solana, after the collapse of the FTX platform and its bankruptcy, as Solana lost millions of dollars and Solana was unable to recover its balances, and I see that Solana coin has become a victim of this storm, as it lost more than half of its value in less than a month, frankly There will be a great risk in Solana coin investment, so everyone should not enter with big money. For me, I will invest a small amount in it, perhaps we will find something positive in its price in the short term that reflects all expectations.

that's right! The drop is also due to the fact that the Binance exchange has stopped accepting USDC and USDT deposits on the Solana blockchain without any explanation!! Also, the acceptance of USDC и USDT deposits in the Solana network was discontinued by exchanges under the names: OKX, Bybit, BitMEX, KuCoin, MXC и Crypto.com.

That is not the main reason for the recent slump of solana. Solana is considered the project most affected by the collapse of FTX because they are the largest investor and Sol's success has a significant contribution from FTX but I think Sol won't be able to die from the collapse of FTX because FTX is not the only investor in it. I do not appreciate Sol because their blockchain simply has too many inadequacies and they have not been able to fix it. Currently, according to statistics, Solana has the largest development team after ETH, showing that they are still working hard to develop themselves.

[Kelvinid]

- Sometimes FUD is done differently on different platforms to create information that can destroy an altcoins in this era.

But even so, I know and I believe that they can survive or overcome whatever they are going through in the market. Yes, its value will be affected right now because of what happened with Ftx, but I just don't think that will be a big reason for its price to continue to fall in the market in my own opinion, especially since it's good the development that is happening now in Solana.

If you believe the FUDs, then you are also destroying your trust in crypto. But I see it is not the only thing we get from spreading it because it also retests our capability to decide what is right and what is wrong.

Whether Solan rises again or not, we can't blame the FUDs. It was just time to see and realized that Solana doesn't have the full market potential. Not to wonder why its price dropped because investors ignore and rejected this project. The demand is decreasing together with the market and the bear season helping it to drop more. This project will just rise if the developers will improve it.

[Ani1985]

Solana is a large project that enters the top ranking even ranked 4th, unfortunately the market conditions make the big correction of Solana, some problems such as slow networks make users impatient, but I'm sure Solana immediately rose and recovered again.

[evichi]

IMO, yes, it can, but it might a long time. Solana is built to have numerous use cases ranging from decentralized applications (dApps), decentralized finance (DeFi), NFTs as well as tradable in numerous exchanges. Though FTX exchange was a big supporter of Solana, Solana will experience fall in price but will pick up due to its numerous use cases that cuts across outside FTX space. People that hold Solana may sell due to panic, however, over time, with sensitization and good project promotion, Solana will recover in no distant time.

[OgNasty]

It's possible that Solana can rise from the ashes again.  However, it hasn't fully burst into flames yet.  FTX is still sitting on a ton of them and I'm sure they'll all be liquidated to try and recover something in their bankruptcy proceedings.  Last I heard it was close to 15% of the entire outstanding amount of SOL that FTX will be dumping on the market.  I can only imagine that will have an extremely negative effect on the price, perhaps dropping it below a dollar even.  There's no reason to be holding SOL right now in my opinion.  Wait until the final shoe drops.  The risk just doesn't justify the potential reward.

[Silberman]

IMO, yes, it can, but it might a long time. Solana is built to have numerous use cases ranging from decentralized applications (dApps), decentralized finance (DeFi), NFTs as well as tradable in numerous exchanges. Though FTX exchange was a big supporter of Solana, Solana will experience fall in price but will pick up due to its numerous use cases that cuts across outside FTX space. People that hold Solana may sell due to panic, however, over time, with sensitization and good project promotion, Solana will recover in no distant time.

Solana can definitely rise again but this is not really the moment to try to outsmart the market and try such a risky move, this is the moment to play everything in a manner that is as safe as possible, so you either invest in bitcoin or keep your money in fiat waiting for the right opportunity to get back in the market, so investors which are interested in solana should give it time and let it reach its bottom, and once it does then they can finally begin to invest in solana once again if they want.