Recently a meme coin was launched on Solana network which got a lot of hype. As a result, Solana prices are about 40% up in last one week. Do you think this is good thing or bad thing for solana ? Just a meme coin causing this boost instead of some solid news like good partnerships or adoption in some company.
There will always be some pumps in the market, even on the worst days look at CMC and you will see highest gainers being a lot, and you know you won't be picking that up. Many people hope that they would buy a token, and that token would be the highest earner of the day but we all know that is not going to be the case, very few people have it and that is why it goes up that much, since it lacks liquidity so even a million dollars will make it 3000% increase.
In any case, stay with the good ones, the big names, because they would give you a good long term profit instead of a pump and dump, and less risky to keep your money there as well.
It is definitely a rare situation to find 10% or more on a red day or even a red week, but they do exists. However, we are in a good week now, which means that there were some money going around in the market and it just didn't know where to land. We have managed to get a higher amount of funds and increase everything basically, the market looks as green as eyes can see which is a great situation to be in.
I am not saying that this increase was done because of the market situation, it came earlier but at the same time the outlook towards market must be a bit green during this period if we are talking about a following market being this much greener.
