Solana takes back top 10 position

[fzkto]

I think Solana is a good coin and many people invest in Solano coin .
According to my experience is that Solana again rise and the present time Solana position is very strong and many new projects come is Solana chain and the people interest show that it will soon add in top coins.

It was all good work by the market maker. First to create good news and launch projects like stepn to make the project popular. And then when the bear season started to show bad news, up to and including the collapse of FTX. Hopefully now the news will only be good news again!

[blockman]

It's now at 11th rank while Polygon takes over the 10th place. Those that are regretting to say that they've missed buying it, you shouldn't feel regret on it.
Because if you look at the price of it right now, its ATH was a lot and then after the bull run the price went too low. So from $250+ ATH then it's down to $10 and now at $22. So, you name the price if it's a worthy time to buy it.

[wiss19]

Surviving doesn't mean it is also doing great so don't think it will be the coin to have the highest ROI as there are better coins out there but I think it's not bad to include Solana in our portfolio. This coin is showing that it is strong because even though it have some issues last time, the coin still manage to enter the 10 list.

We should only monitor it because we don't know what if the jump is only temporary or a kind of a trap? Going back earlier on the coins to have a higher ROI, I think it will only be Bitcoin because this coin is the first crypto and this is only the coin that is more guaranteed to last longer. That means more increase is going to be seen.

[RealMalatesta]

Solana took a massive hit during the whole FTX scandal and the following bankruptcy of FTX. Back then Solana dumped way harder than any other big crypto project (except the FTX token itself of course) mainly because Alameda Research and therefore FTX were the main investor of Solana. Then the panic of the other investors came and it dumped even lower. So it is no big surprise to me that Solana is now gaining a little more in the last few days were we have seen pretty nice gains in the entire crypto space.
I also think though, that this is not the start of a real bull run yet and that we are seeing at least a few setbacks before the bull really comes.

It's normal when someone who needs that much money and had that much SOL scared a lot of people. This was mainly because everyone thought that they would sell all of the SOL they had to pay for everything, and I am not sure if they actually did sell and that's why it dropped so hard or was it just the people who feared such a thing to happen, and that's why they sold and the price dropped that harshly.

I am not sure which one is the main reason for it but I am sure that it was definitely something that took some interest from people and it dropped hard. I do not see this recovery to be that legit neither, SOL hasn't shown anything promising so far, hence the increase is not justified in my mind.

[lalabotax]

It seems that Solana's position is still uncertain and uncertain. When I checked this, Solana was in 11th place, below Polygon.
https://coinmarketcap.com/currencies/solana/
These two coins are indeed quite tight in competition because they managed to raise the trend at almost the same time with almost the same project concept with their respective uniqueness and pros and cons.
On the other hand, it seems that Solana has just faced a considerable drop of about -1.27% compared to Polygon.

[carlfebz2]

It seems that Solana's position is still uncertain and uncertain. When I checked this, Solana was in 11th place, below Polygon.
https://coinmarketcap.com/currencies/solana/
These two coins are indeed quite tight in competition because they managed to raise the trend at almost the same time with almost the same project concept with their respective uniqueness and pros and cons.
On the other hand, it seems that Solana has just faced a considerable drop of about -1.27% compared to Polygon.

Im not minding much in between these two projects yet its included on my portfolio.It doesnt matter or mind much about getting that top10 ranking spot as long it does give out some gains.

When we do speak about utility then this is what i do like on coins which do make use of their own blockchain rather than on focusing on projects which are really that using similar
which i dont really see for it to be interesting.

This is why it would really be suggestible to invest on some likes of these projects and hold.If you do tend to scalp then it isnt a bad idea but of course it would be more
risky.

[JeffBrad12]

It's now at 11th rank while Polygon takes over the 10th place. Those that are regretting to say that they've missed buying it, you shouldn't feel regret on it.
Because if you look at the price of it right now, its ATH was a lot and then after the bull run the price went too low. So from $250+ ATH then it's down to $10 and now at $22. So, you name the price if it's a worthy time to buy it.

agreed with this one, the recent pump was some measly amount compared to what it has lost from bearish, so I don't think it could even reach that all time high ever again, even right now it hardly retains its value. moreover, the main reason it gets rise in value was because of meme coin, which of course not gonna last long. I think this solana rise in value was only momentarily so everyone that didn't invest in solana before the rise shouldn't really regrets their decision.

[Psynthax]

I'd say never ever trust solana even though it increase in value it could lost its value quite easily, there's still many rumours revolving around it and every rumour it could quite literally shaken the condition of solana.
the rank doesn't matter if the value fluctuates a lot, I think at current moment you better off investing in its alternatives that is ada and matic but regardless if you're so insistence in investing in this solana be sure to invest when the value still low or you could simply just wait until it decrease in value.

[Patrol69]

last year Solana coins however dumped the highest. Such dumping of Solana was really beyond our expectations. Because no one could have imagined that a coin in the top ten would disappear from the market like this. However Solana But started again from the end. Currently the price of one Solana coin is $22.99. But recently it appears that the market has been dumping a bit but it is very temporary. I think the market will be pumping big again very soon. Those who lost a lot by investing in Solana are now in a lot of relief.

[RAppleby]

Solana is undoubtedly a serious competitor to Ethereum. Any project has advantages and disadvantages. I think Solana's processing speed is very fast. I like that very much. In contrast, the transaction processing speed of Ethereum is indeed a bit slow, and of course some people may not care about it. Matic can be seen recently. I wonder if the adoption of Polygon network by major companies has attracted the hype of Matic, but I also like Matic and bought it a long time ago. Solana's main focus is scalability and user-friendly applications, making it one of the best options for developers when considering a new blockchain platform other than Ethereum.

[Blawpaw]

Solana is once again a top ten coin, I am starting to feel like I will regret not buying solana and hold for a long time because if this project survive it will bring the highest ROI in the list of top coins on coinmarketcap, the present value is even looking good, what is your take on Solana? Are you a believer or you think it won't do well for long.

I actually have strong expectations for solana, if the developers are able to keep the blockchain and if they have the cabability to resist throughout thebear market then we havea good project to follow through

[Sayeds56]

Solana is once again a top ten coin, I am starting to feel like I will regret not buying solana and hold for a long time because if this project survive it will bring the highest ROI in the list of top coins on coinmarketcap, the present value is even looking good, what is your take on Solana? Are you a believer or you think it won't do well for long.

The collapse of FTX had cascading effect on Solna due to its strong partnership with it, and it was generally believed by market participates that, it too will fail, but thanks to Solana management team who successfully avoided it. Solana is very strong presence if NFT sector beside its high speed of transactions.
It has shown good performance during the past weeks (its price almost doubled), since Bitcoin market started recovering.  

[Kelvinid]

Solana is undoubtedly a serious competitor to Ethereum. Any project has advantages and disadvantages. I think Solana's processing speed is very fast. I like that very much. In contrast, the transaction processing speed of Ethereum is indeed a bit slow, and of course some people may not care about it. Matic can be seen recently. I wonder if the adoption of Polygon network by major companies has attracted the hype of Matic, but I also like Matic and bought it a long time ago. Solana's main focus is scalability and user-friendly applications, making it one of the best options for developers when considering a new blockchain platform other than Ethereum.

New projects like Solana have a great advantage when it comes to transaction fees and speed of confirmation compared to ETH. Therefore, it was expected that some ETH or ERC20 users will take Sol as their option. But if we talk about market potential profit, ETH is still unbeatable. Long-term investors will certainly be choosing ETH over Sol or any other altcoins. But something it was not a smart choice for short-term investors and for traders, they are practical enough when it comes to moving their coins as they could save transactions cost using Solana.

[Hamza2424]

I Think that was a short time entry dear there are many strong contendor for these spots Dot, Matic , Near and on some level Atom too. So Sol community hold down SOL is on ventilator. I can't even count the flaws in SOL projects so be patient and watch how New Stars shine in the coming Bull era.

[Natalim]

This is another story of Solana after some issues in the past, I think the supporters are building up high again. But we couldn't assure that the current momentum will keep that straight long, this can be temporary the same thing might happen to other coins. We are still in the bear market, we couldn't assume that the price will soar high like a bullish market, we'd rather not be confident enough about what we have seen.
Yes, it was a great deal for Solana holders but for those who have not, I would suggest analyzing the market firs before buying this coin.

[blockman]

It's now at 11th rank while Polygon takes over the 10th place. Those that are regretting to say that they've missed buying it, you shouldn't feel regret on it.
Because if you look at the price of it right now, its ATH was a lot and then after the bull run the price went too low. So from $250+ ATH then it's down to $10 and now at $22. So, you name the price if it's a worthy time to buy it.

agreed with this one, the recent pump was some measly amount compared to what it has lost from bearish, so I don't think it could even reach that all time high ever again, even right now it hardly retains its value. moreover, the main reason it gets rise in value was because of meme coin, which of course not gonna last long. I think this solana rise in value was only momentarily so everyone that didn't invest in solana before the rise shouldn't really regrets their decision.

That's the truth with most altcoins, after hitting an ATH, they barely go back there. The reason is that there's always a new trend, and a new project that's too good for the eyes of the investors then it is there that they're going.
Even if we go back to the bull run times again, I have the same opinion that reaching back there with a 10x gain from its current price, if it's going to be back there again. It'll be hard or almost not going to be back.

[WalkerIVIV]

it might be just momentarily mainly because there is certainly better coins out there than solana, even like that I still think that solana might make up for it losses of its big share of value eventually so investing in solana might still makes some sense.
regardless though you should be careful allocating investment in solana, even if it could regain its position back, it still have bigger chance of collapsing just like its partner.

[Silberman]

Solana is undoubtedly a serious competitor to Ethereum. Any project has advantages and disadvantages. I think Solana's processing speed is very fast. I like that very much. In contrast, the transaction processing speed of Ethereum is indeed a bit slow, and of course some people may not care about it. Matic can be seen recently. I wonder if the adoption of Polygon network by major companies has attracted the hype of Matic, but I also like Matic and bought it a long time ago. Solana's main focus is scalability and user-friendly applications, making it one of the best options for developers when considering a new blockchain platform other than Ethereum.

New projects like Solana have a great advantage when it comes to transaction fees and speed of confirmation compared to ETH. Therefore, it was expected that some ETH or ERC20 users will take Sol as their option. But if we talk about market potential profit, ETH is still unbeatable. Long-term investors will certainly be choosing ETH over Sol or any other altcoins. But something it was not a smart choice for short-term investors and for traders, they are practical enough when it comes to moving their coins as they could save transactions cost using Solana.

The problem with all of those coins which have tried to replace ethereum as the number two coin in the market and the most dominant altcoin is that at the beginning they seem to have the potential to replace it as they are faster and cheaper, but once they get to a certain size they begin to face the same problems ethereum has, and when that happens people stop supporting the coin with the same enthusiasm as if both coins have the same issues then they will prefer to support the coin which has the longest history in this market and which has a higher value.

[lobo13hf]

even though i've missed the chance with this coin when it got its value decreasing so significantly but I guess considering the fact that this coin still far from its all time high, quite fair enough to say that this coin recovery isn't that great, I'd say this coin will make it back to their former glory once they at least reached 75% of its all time high even though many said that probably already too late but with this coin i'd always rethink the decision twice before investing.

[Abiky]

Solana is once again a top ten coin, I am starting to feel like I will regret not buying solana and hold for a long time because if this project survive it will bring the highest ROI in the list of top coins on coinmarketcap, the present value is even looking good, what is your take on Solana? Are you a believer or you think it won't do well for long.

Whales keep pumping SOL for unknown reasons. But if the Solana blockchain itself keeps failing, the pump won't last for long. Just because it's among the top 10 ranks in market cap, doesn't mean it's worth the investment. Market cap is just the calculation of the coin's total circulating supply multiplied by the current market price. What really matters is the project's real use cases to the mainstream world.

So far, it's been driven by hype instead of delivering concrete results to the public. There has been so many network outages in the past, which greatly damages Solana's reputation. With the FTX collapse, SOL will lose traction in the long run (especially when FTX was a major investor of the coin). There are far better alternatives that are much more reliable and decentralized than Solana. Instead of focusing on Solana, why don't you take a look at Cardano or Polygon instead? Just my thoughts