Is it advisable to invest on Solana?

[lkjhg]

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.

Solana is a good project, only because FTX went bankrupt, SOL is affected, but we have to know how fundamental SOLANA is itself,
moreover, they are also building smart phones and will be launching soon,
so this is an answer to the community that SOLANA is not dead yet and is ready to be hot again in market, the bullish is getting closer don't let you not buy SOL.

[Moshi Moshi]

Even though Solana was affected by the bankruptcy of FTX, in my opinion, Solana is still very good for investment,
moreover, the development of SOL is still ongoing, I myself am still holding SOL even though it was down -50% when I bought it.

[Tessyb]

Investing in the cryptocurrency space is a hard decision, I must say. Especially when you choose to invest for a long duration. The issue is that after a while and your expectations seems not to be close you may get uncomfortable with the investing period and choose to cash out only for the project to pump in few days. This seems to be my experience and I'll need everyone to be mindful of issues of this nature.

[Chainsmokers]

I suggest that for long term investment you should choose ETH BNB or BTC. I see that SOL's credibility is currently declining, this is also evident from the price of SOL which continues to drop drastically and the ranking on CMC also drops. currently there are very few new projects on the SOL network, the last one is a meme coin called BONK which slightly increased the price of SOL but is now starting to fade.

If talking about the three coins, it is clear that there is no doubt and is very worthy for long-term investment,
and regarding Solana I still see it as a great project with potential,
I hope Solana can continue to grow and we'll see.

[smile1218]

Solana is a high performance block chain with a fast transaction speed and much lower fees, which makes it attractive to investors. It has an impressive technology and ecosystem. It is hard to give advise about investments because still you will decide for yourself, crypto market is very volatile and unpredictable, the prices fluctuates very rapidly. Though Solana had shown a significant growth potential it is up to you if you will consider invest with it.

[jaberwock]

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.

Solana is a good project, only because FTX went bankrupt, SOL is affected, but we have to know how fundamental SOLANA is itself,
moreover, they are also building smart phones and will be launching soon,
so this is an answer to the community that SOLANA is not dead yet and is ready to be hot again in market, the bullish is getting closer don't let you not buy SOL.

I think before the FTX collapse, Solana is already experiencing some issues, and many people are already showing their disappointment towards it. FTX only fueled it, making the coin more devast than ever. However, Solana building a smartphone must be the first time in the history of crypto though there are already companies like Samsung and Motorola who introduce a crypto powered smartphone.

The phone is basically a hardware wallet, with some crypto apps in it. The bull run is getting closer but don't forget that Solana is not only the coin that is available on this market but this market is so vast. We have better candidates available out there.

[podluznyj]

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.

In 2021, the Solana coin reached a price high of $259.96. After its value began to decline, and the SOL token turned out to be in a bearish trend, in which, like other cryptocurrencies (including BTC and ETH), it remains to this day. According to the aggregator CoinGecko, the price of Solana has already lost 91% from the maximum reached in November 2021 by today. I would recommend storing bitcoin, it is more reliable.

[poodle63]

This coin is security

Those 12 tokens are BNB (BNB), Binance USD stablecoin (BUSD), Solana (SOL), Cardano (ADA), Polygon (MATIC), Filecoin (FIL), Cosmos Hub (ATOM), The Sandbox (SAND), Decentraland (MANA), Algorand (ALGO), Axie Infinity (AXS,) and Coti (COTI).

https://www.theblock.co/post/233174/solana-matic-cardano-others-securities-sec-binance-lawsuit

SEC has been give you warn not to invest in the security coin. it doesn't have legalization. Binance is in trouble now. Solana will get long term impact. it may be also sued by SEC as well. Get ready for another down trend to come.

It's very stupid to think this coin will able to achieve its ATH again. Overrated coin.

[TheSpiral]

Solona has some issue with their network which affected its price badly. no one was thinking that a coin with high demand and big ecosystem will suddenly fall to lower and lower. I think investing in solona is not safe now and we have to pick another coin. Aptos network is going strong. i will advise to research on Aptos ecosystem and then invest according to your fund. I will prefer Aptos over Solona according to current condition.

[Ngemmeng]

I suggest that for long term investment you should choose ETH BNB or BTC. I see that SOL's credibility is currently declining, this is also evident from the price of SOL which continues to drop drastically and the ranking on CMC also drops. currently there are very few new projects on the SOL network, the last one is a meme coin called BONK which slightly increased the price of SOL but is now starting to fade.

If talking about the three coins, it is clear that there is no doubt and is very worthy for long-term investment,
and regarding Solana I still see it as a great project with potential,
I hope Solana can continue to grow and we'll see.

therefore I recommend investing in the 3 coins that I mentioned because the op said he wanted a long-term investment.
for short term investment I don't doubt the credibility of SOL, but for long term investment I think the credibility of the coins I mentioned is much better.

[kevindjunaidi]

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.

of course its a good idea, because SOLANA already has a product and the product of SOLANA are already very popular at this time, so that makes the price of SOLANA can increase very high in the future and of course its makes SOLANA is one of the best altcoin to be used as a long-term investment.

[greek_hephaestus]

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.

of course its a good idea, because SOLANA already has a product and the product of SOLANA are already very popular at this time, so that makes the price of SOLANA can increase very high in the future and of course its makes SOLANA is one of the best altcoin to be used as a long-term investment.

solona network having some issue so they damage totally and no one was thinking that a coin with high demand and big ecosystem will suddenly fall to lower and lower. I think investing in solona is not safe now and we have to pick another coin. Aptos network is going strong. i will advise to research on Aptos ecosystem and then invest according to your fund. At now status solona is better .

[dbshck]

Solana took another big hit, plummeting over 30% in just a matter of hours, dropping from $20 to $12.



I'm guessing this could be attributed to the SEC claim that Solana is a security in the Binance lawsuit.

This coin is security

Those 12 tokens are BNB (BNB), Binance USD stablecoin (BUSD), Solana (SOL), Cardano (ADA), Polygon (MATIC), Filecoin (FIL), Cosmos Hub (ATOM), The Sandbox (SAND), Decentraland (MANA), Algorand (ALGO), Axie Infinity (AXS,) and Coti (COTI).

https://www.theblock.co/post/233174/solana-matic-cardano-others-securities-sec-binance-lawsuit

It's very stupid to think this coin will able to achieve its ATH again. Overrated coin.

Yeah with this much hurdle, it's unlikely we'll see the $200+ ATH ever again.

[cute nmp]

Investing in Solana can be considered as a potential opportunity, but it comes with both advantages and risks. Solana is a high-performance blockchain platform that has gained attention for its scalability and low transaction fees. It has seen significant growth and adoption, attracting developers and projects to build on its platform. However, like any investment, there are risks involved, such as regulatory uncertainties and market volatility. Although Solana will be a good investment don't invest what you cannot afford to lose, this is the rule of any investment decision.

[globalpain]

Solana is still a top project in my opinion, yes, even though there are internal problems related to alamaida and FTX going bankrupt,
Solana is a project that is indeed strong, the proof is that they are still in the top 10 of Coinmarketcap and in my opinion,
investors also have no problem with SOL, and from that of course we can invest in SOL without worry.

[SlimShadyMmp]

Seems like SRM is pumping out of nowhere so yeah probably something is coming for SOL but dont forget that there is like 10% of that solana held by FTX until maybe the solana foundation vote on freezing those assets which they cant probably they might be dumped on innocent people head so I will say be wary and maybe just get in and out Make a strategy on how you want to trade it

[Wiwo]

If you are buying to hold then Solana is the top choice in altcoin investment,  but for yield farming or staking then I will say Solana is not the best choice right now because we have hard bad news coming from that aspect of the Solana network as one of their top API providers just announced a closer of service and that send a vad signal for investors.

[Magic-Money]

Base on the current situation of the cryptocurrency market is on a good position to buy Solana Coin at a very cheap price and it has a future potential and is a Blockchain token and buy to hold for a long time is not a bad idea.

[houseatreidess]

Solana, Neon Link, Cardano, Chain Link are the best projects on the market fr

[shinratensei_]

If you are buying to hold then Solana is the top choice in altcoin investment,  but for yield farming or staking then I will say Solana is not the best choice right now because we have hard bad news coming from that aspect of the Solana network as one of their top API providers just announced a closer of service and that send a vad signal for investors.

thats true seeing current circumstance of solana just doesn't seem like its gonna be rising anytime soon.
moreover it has rather been stagnant for quite some time.
the fact that some API providers are closing their service just means maybe the development in the solana blockchain isn't that great.
moreover I think it will be kept overshadowed by newer blockchain emerging though the fact that its market capitalisation still great stands still.