Is it advisable to invest on Solana?

[Boomber]

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.

all altcoin that are in the top 100 on coinmarketcap including SOLANA are the right choice to invest at this time, because the market is correcting, so the price has fallen very far from the ATH price and this is your opportunity to invest in SOLANA at a low price (discount) and hold until the price increases again (market recovered), then I'm sure you will definitely get a big profit from investing in SOLANA at this time.

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[Psynthax]

wait until ftx 2.0 appear then maybe you will see some price change with this coin after all it was heavily influenced by that platform back then.
but honestly I have so much doubtful in regards of the prospect of this coin.

[Mehedi72]

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 better to move on from solana to others project. It can be considered as underrated project. Solana lovers may argue but i Don't think solana have enough fuel to start another Journey. Besides now lots of altcoins with new concept available. Meta, web3 and others category tokens are trading. So why Should invest this old one when you have better options available? Consider about it

[riskarcher]

So far i am buying solana for swing trading only which is for short term only, I don't think solana can be survive as his performence like now, many newcomer has been development utility their coin same as solana ecosystem. Especially this coin ha been targeted by SEC lawsuit, so don't think about it for hold this for too long, we never know what will happen to this coin in the future, at least safe your money in the safe investment

[shinratensei_]

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 better to move on from solana to others project. It can be considered as underrated project. Solana lovers may argue but i Don't think solana have enough fuel to start another Journey. Besides now lots of altcoins with new concept available. Meta, web3 and others category tokens are trading. So why Should invest this old one when you have better options available? Consider about it

thats true, instead of so eager in investing in solana, one should try to observe the other emerging coin that have recently have good rally and see whether the potential lays in solana or these other coin because it rather obvious that maybe the trend has changed, solana right now always disappoints, its just unlike its past where you might expect it to be having some massive rally.
overall i just don't consider solana as something thats worth investing anymore, besides there are more and more new coin emerging, remember that every changing of bullish cycle in bitcoin always bring changes towards these coins ranks in general moving around and being replaced by the new emerging coins. sticking to some coin that already lost its potential might be damaging your investment in general.

[Sebas.tian]

You can carry out your personal research before investing in Solana, so that you will have that confidence of holding your Solana long before you can sell to make a passive income because the price of Solana is too low in the market which it will take a long years before the price will reach $1000 which is the target of many holders right now. Since you said you will hold long, I will advise you to invest half of your money on Solana and invest the remaining money on Ethereum, so that you will know that you have something good to achieve from the two altcoins in the future. I will still invest on Solana because the price will definitely increase higher before the end of next year 2024 to allow their investors to make a good profits and be happy.

[Patrol69]

The market volatility of Solana coin is very high compared to other coins. I don't consider this coin safe to invest as there is a chance of losing money anytime due to excessive volatility. I have done some future trading with this coin but no time I got success in future trading with this coin. One thing I noticed while trading this coin is that when the price of Bitcoin goes down, the value of this coin goes down a lot compared to Bitcoin, but when the price of Bitcoin goes up again, Solana Coin doesn't go up in value. Observing these things, I have refrained from trading now.
If you have more money left for investment, you can invest in this platform with some money.

[Abiky]

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.

Solana had the opportunity to take the crypto world by storm. But it blew it with the constant network outages. On top of that, FTX's collapse added more pressure against SOL's market price. I doubt it will ever rise back to $200, unless developers get their act together. They need to solve Solana's network issues so that investors could gain confidence on the project once more.

With many competitors striving to beat down Ethereum, Solana will have a hard time catching up to its rivals. At least, the project is open source. The community might decide to fork off the original chain to make an improved version of their own. I'd love to see a stable Solana-based blockchain that would render ETH obsolete. Who knows if our dreams come true someday? Just my thoughts

[mich]

Well if you think Web3 games are going to be big, than I think it is still good to invest in Solana. It has launched Gameshift to make it easier for Web3 game development.

https://gameshift.solanalabs.com/

https://www.prnewswire.com/news-releases/solana-labs-introduces-gameshift-to-simplify-web3-game-production-301880066.html

[Nazmul012]

You should rather avoid solana for now. Once solana was my top picked altcoin among others project as it was unlocked lots of possibilities by supporting smart contracts as well as decentralized apps, which could make it succesful. But after the hardly fall of solana, it makes its investors disappointed. It has less possibility to reborn, so not good choice for long timeframe but you can hold some portion of it, if interested  

[Abiky]

Well if you think Web3 games are going to be big, than I think it is still good to invest in Solana. It has launched Gameshift to make it easier for Web3 game development.

https://gameshift.solanalabs.com/

https://www.prnewswire.com/news-releases/solana-labs-introduces-gameshift-to-simplify-web3-game-production-301880066.html

It seems that Solana is driving its focus on Blockchain gaming. Not a bad idea, but it would've been best if developers addressed the network outages first. In the world of Blockchain gaming, I believe Play to Earn (P2E) games are the hottest ones around. SOL might gain traction if game developers from other projects move to its chain.

There are rumors that FTX will make a comeback, so who knows if Solana reaches a new ATH in the future? As long as you don't put all of your eggs in one basket, there should be nothing to worry about. Yhat said, only time will tell us how far Solana will go. Just my opinion

[OgNasty]

Well if you think Web3 games are going to be big, than I think it is still good to invest in Solana. It has launched Gameshift to make it easier for Web3 game development.

https://gameshift.solanalabs.com/

https://www.prnewswire.com/news-releases/solana-labs-introduces-gameshift-to-simplify-web3-game-production-301880066.html

It seems that Solana is driving its focus on Blockchain gaming. Not a bad idea, but it would've been best if developers addressed the network outages first. In the world of Blockchain gaming, I believe Play to Earn (P2E) games are the hottest ones around. SOL might gain traction if game developers from other projects move to its chain.

There are rumors that FTX will make a comeback, so who knows if Solana reaches a new ATH in the future? As long as you don't put all of your eggs in one basket, there should be nothing to worry about. Yhat said, only time will tell us how far Solana will go. Just my opinion

I think Solana is doing everything they can to remain relevant after it came out that the coin was being pumped up with fraudulent money from the FTX organization. Even if FTX were to come back, they wouldn’t be able to continue fraudulently moving markets, so while Solana is valued extremely cheaply right now, there’s a good reason. I’d stick to BTC or ETH if you must hold alts.

[AmoreJaz]

You should rather avoid solana for now. Once solana was my top picked altcoin among others project as it was unlocked lots of possibilities by supporting smart contracts as well as decentralized apps, which could make it succesful. But after the hardly fall of solana, it makes its investors disappointed. It has less possibility to reborn, so not good choice for long timeframe but you can hold some portion of it, if interested  

this is why any investor should do his own assessment before investing in SOL or any other alt out there. you've seen its hard fall, so difficult for you to get involve especially if you feel recovery is far-fetched. it may still be in the top 10 but asking yourself if it will ever reach its ATH of almost 260 bucks again? now, that's like punch in the air at the moment. reaching 30 bucks is already quite hard in my opinion.

[JeffBrad12]

You should rather avoid solana for now. Once solana was my top picked altcoin among others project as it was unlocked lots of possibilities by supporting smart contracts as well as decentralized apps, which could make it succesful. But after the hardly fall of solana, it makes its investors disappointed. It has less possibility to reborn, so not good choice for long timeframe but you can hold some portion of it, if interested 

this is why any investor should do his own assessment before investing in SOL or any other alt out there. you've seen its hard fall, so difficult for you to get involve especially if you feel recovery is far-fetched. it may still be in the top 10 but asking yourself if it will ever reach its ATH of almost 260 bucks again? now, that's like punch in the air at the moment. reaching 30 bucks is already quite hard in my opinion.

i just think that solana chance of reaching higher again is gone, its already started being replaced by some other coin thats more significant nowadays, like those L2.
moreover the emergence of many coins nowadays thats truly innovative like layerzero and many more are definitely gonna make things tougher for solana.
the peak of solana is already reached, its when ftx was still fine before collapsing, thats when solana has reached its peak.
but right now its just some remnant of past glory, which definitely will make it harder for solana to grow in the future.

[Rupok]

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.

I personally like Solna coin a lot and investors have high demand for Solna so many invest based on some of the new coins. Those Solna got good returns from the last bull run so Solna coin is still in the eyes of many investors. And they are willing to invest more.  Like BNB, many trust the Solna project.  I don't think Solna Coin will be good for long term investment.  I think bear markets should be bought and sell during bull runs.  Because it seems risky for long term investment to me.The performance of Solna coin is much better than other coins.

[fzkto]

You should rather avoid solana for now. Once solana was my top picked altcoin among others project as it was unlocked lots of possibilities by supporting smart contracts as well as decentralized apps, which could make it succesful. But after the hardly fall of solana, it makes its investors disappointed. It has less possibility to reborn, so not good choice for long timeframe but you can hold some portion of it, if interested 

this is why any investor should do his own assessment before investing in SOL or any other alt out there. you've seen its hard fall, so difficult for you to get involve especially if you feel recovery is far-fetched. it may still be in the top 10 but asking yourself if it will ever reach its ATH of almost 260 bucks again? now, that's like punch in the air at the moment. reaching 30 bucks is already quite hard in my opinion.

i just think that solana chance of reaching higher again is gone, its already started being replaced by some other coin thats more significant nowadays, like those L2.
moreover the emergence of many coins nowadays thats truly innovative like layerzero and many more are definitely gonna make things tougher for solana.
the peak of solana is already reached, its when ftx was still fine before collapsing, thats when solana has reached its peak.
but right now its just some remnant of past glory, which definitely will make it harder for solana to grow in the future.

I also think that the time of Solana is already past. Of course new growth can happen, but we should not rely on the previous high prices. As you said there are already other projects that can take Solana's place. This happens every cycle, new projects replace old ones. In the case of Solana it is a matter of a little time and the next bull market.

[Tipstar]

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 still a good investment. They have a good use case and the number of dapps and smart contracts on solana platform are ever increasing. They have one of the lowest fees and quicker transaction. Even though the utility tokens have a competitive market, solana would easily evolve as one of the larger players when the bull arrives. Buying solana at low and staking them as msol could be a good strategy for long term.

[|MINER|]

Investing on alternative coin is always risky. If you back to the incidence of Luna then I think answer will be on your front.
But if we talk about the Solana then it is also a renowned potential coin on crypto market. And there steps looks good for me so investment can be done also on Solana but best will be to Bitcoin for that here you have to no worries about the security. So fund is your decision will be also in your hand make your own analysis then do the investments.

[RiverBoy]

Buying Solana Coin is not a bad idea, because all market is down, and we are all experiencing Bear market for months now and Solana Coin price is on a particular range as the market is fluctuating is good to buy while make a good entry point before buying and is good for long term holding investment as you mentioned as a profitable return investment.

[Abiky]

I think Solana is doing everything they can to remain relevant after it came out that the coin was being pumped up with fraudulent money from the FTX organization. Even if FTX were to come back, they wouldn’t be able to continue fraudulently moving markets, so while Solana is valued extremely cheaply right now, there’s a good reason. I’d stick to BTC or ETH if you must hold alts.

Did Solana developers address the network outages? Because if they didn't, then odds of a recovery are very slim. Not even an FTX comeback will help. For what I know, this project is nothing but pure hype. Its main selling point are the blazing-fast speeds and ultra-low fees. But deep inside, Solana is centralized and flawed.

Whales won't be able to keep Solana afloat for long, as competing chains gain traction in the mainstream world. I'd invest in BTC and ETH like you've said to help secure my profits in the long run. Even BNB is a much better choice than Solana right now. Who knows if SOL ends up being a worthless coin in the future? Just my opinion