Can Solana rise again?

[worle1bm]

FTX crash was big push to Solana but the development team behind is really working hard for its growth as they are not directly linked with FTX so in the long run it would not have much impact on it.There are some investors who are at the moment investing huge amounts in it as they believe it's best time to make money if they hold it for next 2-3 years and hopes are same but can't say with surety.

[len01]

FTX crash was big push to Solana but the development team behind is really working hard for its growth as they are not directly linked with FTX so in the long run it would not have much impact on it.There are some investors who are at the moment investing huge amounts in it as they believe it's best time to make money if they hold it for next 2-3 years and hopes are same but can't say with surety.

Solana's price has dropped dramatically due to 2 factors. bearish that hit the market and coupled with the crash that happened at FTX. no wonder Solana's price has dropped so much right now, but this is actually one of the opportunities for Solana fans to buy for less and I also believe that behind Solana there is a really good team of devs working hard to fix these issues. and I also agree with you that Solana is not fully involved in FTX so Solana still has a chance to rise again when the bullish season arrives

[jaberwock]

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.

Yes, because we are still in a bear market and it would be weird if solana increase now while the rest of the coins are still in the same position. Some people won't be happy with that but it would be better if all the coins fairly increase together. At the moment, we can continue investing. Just good coins only and not those who have no utility because we can't get anything in return with them once this market returns to normal.

It is not wrong to have some money in fiat or in stable coins. We can use this to DCA further in case there are more dumps that will happen within this year. I don't advise waiting for the bottom without buying anything.

[fuguebtc]

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.

I'm not sure if Solana will be able to rise again but I can say with certainty that FTX crash didn't cause Solana to crash, FTX has a big effect on sol but they are still 2 separate individuals. Solana will continue to survive or will die is for them to decide, the bigger problem I see with solana is that their blockchain is really unstable and secure, the constant outages have caused many investors to lose faith in them.

I agree with you that this is not a good time to invest in sol or any altcoin, if you want to invest then just focus on bitcoin. The market is very risky at this time, we should stand outside and observe, not rush to invest.

[darewaller]

- 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.

That full market potential is the cause of SOL not being as high as it could be. Even in the bear market you get to see which coins do best, because while one could be down 50% other could be down 70% and right now SOL is down more than many others, which shows that its not just the bear market that dropped it, all coins drops but this one did more.

So, I guess that we will end up with something major in the long run that will cause it a trouble, its not out in the open yet and not obvious but it will get there. I imagine we will be seeing a lot more on the bull run, when that comes and SOL doesn't go up as much as others, that will make it more obvious.

[Jackl87]

Do you think there is a high chance that Solana will be like what happened in FTX or is there any hope to recover?

I don't really think that Solana will completely collapse. I mean of course FTX was one of the biggest investors if not the biggest investor at all and therefore also obviously pushing and supporting Solana very much, but i think that Solana was to big already to complete go out of business just because one big investor and supporter is no more.
That being said, i am not so sure, if Solana is able to recover it's place among the most important cryptocurrencies again. It was an top 10 coin for a few years now and it's ATH was at more than 250$ per coin. I doubt that we will see such high prices again for 1 SOL even iin the next bull run, but we will see.