Layer 1s. Why does anyone invest in any other than Solona?

[@sriyan]

Genuine question as per the title.

Firstly im not a Solona maxi. I will gladly move over to something else if it appears better (and im always looking).

Solona is just so far ahead of everything else right now and so undervalued. It looks like the only thing that could even get close to doing an Ethereum style run.


Really want to know what L1s do people go for over Solona as it makes no sense to me.

Are you kidding me?  That question maybe asked by the aptos. These are the reasons to remove solona from my portfolio.

Eg:
1. Solona network is too much centralized
2. Solona and almeida foundation connection
3. No major updates recently

[Zee27]

Market Perception and Hype could be a valid reason for this. Investor sentiment and market trends can heavily influence investment decisions. While Solana has experienced significant growth and attention, other layer 1 blockchains may gain popularity due to specific announcements, partnerships, or perceived technological advantages. Recently I swapped some ETH for SUNDAE via Bitget swap due to its recent hype. This token is on the cardano blockchain.The crypto market is dynamic, and investors may seek to capitalize on emerging trends or perceive opportunities in alternative layer 1 blockchains.

[Joseph-P]

Genuine question as per the title.

Firstly im not a Solona maxi. I will gladly move over to something else if it appears better (and im always looking).

Solona is just so far ahead of everything else right now and so undervalued. It looks like the only thing that could even get close to doing an Ethereum style run.


Really want to know what L1s do people go for over Solona as it makes no sense to me.

I invest in Solana for the exact same reason I invest in Bitget- it possesses the potential to compete with its industry leader. In the case of Bitget I already see them as a decent alternative to Binance. Not only has their token maintained a steady price increase all year, the CEX has also made giant strides towards improving their products every single time I check up on them. The most recent being the launch of the Bitget Smart portfolio- for the "bot-trading" lovers. Similarly, Solana has been steadily making progress over the years to live up to its hype as "The ETH Killer". Its pretty impressive how far they've gone and mindblowing to see them still massively undervalued.

[billyd7]

Over 60% up since I posted this thread.

Seems like a good time to bump. Anyone actually going to suggest a better layer 1 to invest in?

[billyd7]

Genuine question as per the title.

Firstly im not a Solona maxi. I will gladly move over to something else if it appears better (and im always looking).

Solona is just so far ahead of everything else right now and so undervalued. It looks like the only thing that could even get close to doing an Ethereum style run.


Really want to know what L1s do people go for over Solona as it makes no sense to me.

Are you kidding me?  That question maybe asked by the aptos. These are the reasons to remove solona from my portfolio.

Eg:
1. Solona network is too much centralized
2. Solona and almeida foundation connection
3. No major updates recently

Just LOL at all 3 of those.

[o48o]

-cut-

Eg:
1. Solona network is too much centralized
2. Solona and almeida foundation connection
3. No major updates recently

Just LOL at all 3 of those.

Yeah, not at all Solana maxi are you?

Beside the same typo you made on the topic, what's so funny about these? Or is that just your go to counter argument?

I can list more:

• Proof of History haven't been tested by time.
• Because of low fees it is vulnerable to high-frequency trading bots or DDoS attacks.
• Solana has only 1k+ validators. In comparison eth has over 500k

I am not saying Solana is the worst coin out there, but you clearly are a SOL maxi, and there obviously still are issues with it.

[billyd7]

Not a Solona maxi at all. Im a maxi in making as much money as possible. Bitcoin and Eth were my biggest investments (although my Solona bag has taken over with the recent surge).

I brought most my bag between November 22 and March 23 and so far I am close to tripling my money and we are very early in the bull market.



If I feel there is a better investment I will ditch Solona in an instant. You can point out all the flaws you want (yes it has some like any) but in my eyes it is absolutely superior to other potential eth killers based on the data.


I asked a simple question in this thread and not a single person has given me an argument for a different layer 1. Its my opinion that layer 1s and AI cryptos will be the major narrative for this bull run hence the question on alternative layer ones.

[billyd7]

How are your other layer 1s comparing guys

[Sophokles]

Genuine question as per the title.

Firstly im not a Solona maxi. I will gladly move over to something else if it appears better (and im always looking).

Solona is just so far ahead of everything else right now and so undervalued. It looks like the only thing that could even get close to doing an Ethereum style run.


Really want to know what L1s do people go for over Solona as it makes no sense to me.

Solana is not undervalued and it is not far ahead of everything. I am not sure why you think that, but solana is broken in its built system and that is the reason we have seen this network be down for hours which shows its weakness. All these L1 are the main competitors of ETH and if they can not provide any unique usecase that ETH can not then they will eventually die like other ETH killers that existed a few years ago. What is unique about solana is its fast transactions and low gas cost. After the ETH blob upgrade its gas price will also be 100 times lower than now, and solana will slowly lose ground to ETH.

[cryptoaddictchie]

I asked a simple question in this thread and not a single person has given me an argument for a different layer 1. Its my opinion that layer 1s and AI cryptos will be the major narrative for this bull run hence the question on alternative layer ones.

Well compared with the end result as of today its solana the one leading on the L1. But you cant also say for others like Avax, and eth since they also performing well though not compared to Solana. This is due to airdrops that has been happening on solana and people dont want to be left behind and join the hype and trend.