Is it advisable to invest on Solana?

[ololajulo]

Solana has experienced an impressive 80% price increase thus far in 2023. However, it may face competition from other coins that offer strong ideas and promising ROI in the coming months. Projects such as LHINU, FGHT, CCHG, MET, and TARO could be lucrative investment options in 2023. I am not promoting any particular investment, but it may be worthwhile to consider these alternatives.

[umbara ardian]

If you have doubts about Solana, then I advise you not to buy it. You should look for other reputable coins instead. I agree that Bitcoin, Ethereum, or Binance Coin are good options. These coins have been accepted by the market and are well positioned in the crypto community. However, you should also learn more about the characteristics of each coin and their ability to assess their potential and risk before making a final decision.

[rhomelmabini]

Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.

Solana is still by far the scalable chain out there and the issue around it was just dragged by the FTX bankruptcy. I'm hesitant though on Solana projects considering even Solana itself hasn't recovered yet from its ATH. This isn't a financial advice but you can invest in Solana coins, just manage your risks.

I had high hopes for Solana before and even thought of buying and holding it for long-term investment but because of the issues and controversies that it has been facing, I doubted accumulating it. I find it a lot risky to invest in Solana compared to well-established coins so if your goal is for long-term investment, just choose coins with higher potential preferably Bitcoin, Eth, or BNB. There are still lots of reputable coins that you can choose from but always do research especially if you are doubting.

Not bad considering there are a lot of options out there in the market and new chains are getting some traction. The ultimate goal is to accumulate more Bitcoin and Ethereum but having some altcoins as stepping stone isn't that bad considering you could potentially gain some high results once altcoin season begans.

[lalabotax]

Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.

To be honest, Solana is just one of my favorite coins, especially because the network and platform are running very well, providing various conveniences and cheap fees. so for me, it's not that much of a problem to invest in Solana. But continue to use good financial management so that unwanted things don't happen.

[crzy]

Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.

Thanks for your responses.

Analyze it, is there a future plan for development? Is there a great demand right now? Analyze as well its competitor and decide where to invest.
Buying this for a long time can’t guarantee any return, try at least to have some and buy some good coins as well aside from SOL, if for long term ETH are more ok for me.

[bitkanu]

it's most certainly always good to invest in solana but the thing is, there is many new altcoins that could give you good profit better than solana like arbitrum.
but it doesn't mean solana is bad for investment, it's still good it's just that there are some coins out there that have better potential.

[kelonmusk]

I read and found some analysts, Solana price could potentially go anywhere in 2023. But, I don't believe, it could be yes or no. Because, for me, SOLANA is currently lacking progress.

It is important to remember that cryptocurrency prices are highly volatile and difficult to predict with certainty.

Now, I also noticed that very few crypto projects use SOLANA. Nonetheless, if you believe in Solana's technology and growth potential going forward, it may be worth considering as part of a diversified investment portfolio.

[ElmedoRator]

Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.

Thanks for your responses.

Investing in Solana (SOL) or any other cryptocurrency is a risky investment decision and depends on various factors. However, SOL is one of the most prominent cryptocurrencies on the market today, which can bring profits to investors. Solana's positives include its fast network, low transaction fees, and high scalability. It has attracted the attention of many investors and large institutions. In addition, Solana has also combined many DeFi projects such as Serum, Raydium,... to create an impressive development ecosystem.
But it also has to be acknowledged that it also has a lot of problems when it comes to constantly shutting down, and I also feel skeptical about the problems between them and FTX. However, I would also like to reiterate that the cryptocurrency market is very volatile and requires a thorough evaluation before investing in any asset class, including Solana. If you want to invest in SOL, learn about Solana's project and development strategy and invest only a fraction of the money you have available.

[fzkto]

Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.

Thanks for your responses.

Analyze it, is there a future plan for development? Is there a great demand right now? Analyze as well its competitor and decide where to invest.
Buying this for a long time can’t guarantee any return, try at least to have some and buy some good coins as well aside from SOL, if for long term ETH are more ok for me.

Probably only bitcoin and ETH might be suitable in the long term, because the other coins do not stand up to the competition and cannot maintain a position on the coinmarketcap list for long. Therefore one cannot rely on altcoins for the long term. I think sol can be bought to sell for example in a year after halving. But it could be that this cycle will be the last for sol.

[RealMalatesta]

Lots of users here are still cautious about Solana because FTX are involved with it and they are planning to restart their crypto exchange again. Where do you think they will get the money? People suspects from their Solana investment but it was still up to you if you will invest on it because it was your money not ours.

it's most certainly always good to invest in solana but the thing is, there is many new altcoins that could give you good profit better than solana like arbitrum.
but it doesn't mean solana is bad for investment, it's still good it's just that there are some coins out there that have better potential.

I'm not usually into newer altcoins but I can sometimes make an exception if I feel that the old coin is starting to deteriorate plus there are new coins which are seem solid. One of it could be Arbitrum. Maybe the OP wants to consider this instead of Solana? Or he can invest most of its money on it and leave something for Solana.

[bitcoin-shark]

Whether or not it is advisable to invest in Solana depends on various factors, including your risk tolerance and investment goals1. Solana is known for its fast transaction speeds and low costs, which make it an attractive option for investors. Some experts predict that Solana could reach $100 in 2023. However, like any investment, Solana has its strengths and weaknesses, and investors should carefully consider these before making a decision3. Some analysts believe that Solana is a good long-term investment, particularly for those looking to diversify their crypto portfolio

[Dalib]

Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.

Thanks for your responses.

My opinion is that you can buy and hold it. Currently, SOL is ranked 10th on Coinmarketcap.

https://coinmarketcap.com/currencies/solana/

The collapse of the FTX exchange has caused the price of SOL to drop, but there is still a chance for it to grow again.

When you hold SOL, you should research and participate in SOL NFTs to increase the amount of SOL.

[Huppercase]

Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.

Thanks for your responses.

With all the coins that are in the market, it is only Solana that is appealing to your eye? Why not try coins that are work in the same manner like Sol and hold them. Solana has failed lots of people, majority of the investors regret putting their money in it and since it collapse, nothing serious is happening in the network unless the phone they plan to used for Solana chain but from the few reviews I have seen online, you will be disappointeed. Forget the price action you have been seeing, the traders are manipulating the market so that people will think solana will go back to $150 but that is deceiving.

[BIT-BENDER]

Well it’s all up to you but in recent times Solana has been a solid project but you can never bank on an Altcoin, but if it’s not very compulsory you invest in Solana you can do your own research on top altcoins.

I may have no Altcoin now because of how inconsistent they are but if I am to ever have one I would go for safety, market record and reviews regardless of if the coin is listed expensive now so Ethereum is my favorite option.

[Ziskinberg]

I'd see that Solana is performing so well when the ETH fee is high, people are then switching to Solana because of small fees. Though, not as good compared to other altcoins like ETH and BNB but I believe that this project will also compete with others to make a good trend in the next bull season.

If you are aiming to hold them for several years like 5 years and more, I couldn't say it was a good idea but if you are buying in preparation for the next bull season, then I would say go for it.

[okorieemmanuel]

Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.

Thanks for your responses.

It depends on how long u intend to hold Solana. The Outlook for this coin is very tricky. It shows a different pattern depending on the perspective of the analysis.

[o48o]

Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.

Thanks for your responses.

May i ask what gave you this idea to consider? Did someone told you it was a profitable or good platform? If so then why are you asking from random people about it. You can't confirm anyone's track record on investing in here. Or are you just seeking confirmation to your idea to buy it? If you haven't read their white paper and plans, maybe do so. And google criticism for solana as well. You'll be the judge if criticism is valid or not as there will be fud too.

I personally can't see harm buying it but i would feel weird if anyone trusted my word on what to buy. That would be a sure way to get rekt imho

[poodle63]

Solana has experienced an impressive 80% price increase thus far in 2023. However, it may face competition from other coins that offer strong ideas and promising ROI in the coming months. Projects such as LHINU, FGHT, CCHG, MET, and TARO could be lucrative investment options in 2023. I am not promoting any particular investment, but it may be worthwhile to consider these alternatives.

It was getting massive down after FTX has fallen in the past. Solana is still able to defend its price caused by it's not fully correlated with FTX. The only problem if people may still take FTX as the main problems that will not be fixed very son.
This is making the situation even more difficult at this moment caused by solana needs to compete with so many new blockchains in the market too.

It has good features but FTX was destroying reputatiohn from solana.

[Yatsan]

Well, solana is a good coin to invest we all know that; its chain became larger than its early years and that is already something to be okay with for this token. Problem are issues on its name. It is being used on nft and other projects which made it on top of majority of cryptos or altcoins. If you are checking for its validity as an investment in this industry, I would personally yes, given that there is a hype which should be enough to sustain the increase on its value in the future. On the other hand, nothing will give you an assured profit on a specific time frame; its market price still is down but for sure this coin would be one to follow the uptrend once the market again, becomes bullish.

[RussianEnglishTranslation]

Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.

Thanks for your responses.

You will do fine but I would also do bounties on Zealy io to accumulate more crypto for free. You can get Lamina1, Layer0, Q Blockchain, zkSYNC etc.