Solana - Is it still good to buy or it's FOMO

[tokeweed]

...I personally feel little bit confused because somewhere I feel if I enter now then I will be doing it in FOMO. Please share your opinion whether we can still take entry or should we wait if there would be any possible market correction and this is not for long term investment.

You should not experience FOMO, treat it like a train that left without you. You will certainly have other opportunities to make a profit. Focus on finding another coin, the price of which has not changed much yet and, accordingly, can bring you a good profit.

Yup, totally solid advice.  There's always another good coin out there that hasn't trended up yet that's good to ape in...  Like right now with ARB.  It's really not been doing anything but due to EIP 4844's pending release, ARB just saw a pump.  I'm thinking tokens issued in Arbitrum would see a pump too in the next couple of weeks.  

So instead of looking at SOL and that whole market, look elsewhere.  There's lots of stuff going on out there.  Get into them early before it starts being the thing to get into.

[batang_bitcoin]

I saw it $9 last year but I don't think that it will ever be back and that's why I've missed already. Most of us did missed it already and I don't think entering on it is a good idea. Well, as for me that's what I think and I don't want to take FOMO on it.
But if you guys believe on SOL and you think that it's still too early to say and it's likely going to be back on its former ATH, you make a decision now before another regret gets in.

wow, if you should have bought that time , now you are x10 richer as the price now is 99 dollars and still trying to stay above that level .

Yeah, but I think that it's all going down because of the things that has happened last year. But that's fine, and I'll just be happy with those people that have bought it low and managed to sell at the top. Or if they are going to wait further about the possible going back to its former ATH. It may take time but right now it is undeniable that they're in profit, not just profit but greater profit and that means a lot to them. Whoever really goes first into this market gets the bigger slice of the cake.

[criptoevangelista]

This price spike for Solana is truly incredible. Here we have the entire ecosystem.

Are some of these you're speculating?

https://coinmarketcap.com/view/solana-ecosystem/

[poodle63]

I saw it $9 last year but I don't think that it will ever be back and that's why I've missed already. Most of us did missed it already and I don't think entering on it is a good idea. Well, as for me that's what I think and I don't want to take FOMO on it.
But if you guys believe on SOL and you think that it's still too early to say and it's likely going to be back on its former ATH, you make a decision now before another regret gets in.

wow, if you should have bought that time , now you are x10 richer as the price now is 99 dollars and still trying to stay above that level .

Yeah, but I think that it's all going down because of the things that has happened last year. But that's fine, and I'll just be happy with those people that have bought it low and managed to sell at the top. Or if they are going to wait further about the possible going back to its former ATH. It may take time but right now it is undeniable that they're in profit, not just profit but greater profit and that means a lot to them. Whoever really goes first into this market gets the bigger slice of the cake.

yeah so many people are actually hesitating back then due to the fact that some rumour going around about this coin like basically rumour about ftx trying to dump the coin indeed put a lot of people in the side of pessimistic towards investing in solana.
i'm also kinda regret not investing in solana even not that active using solana blockchain because im not familiar with it in the first place but man there are certainly so many good airdrops ocurring there I guess thats just the perk of using blockchain thats just overally being hyped heavily by the masses.
other than that, the meme coin hypes now also happening in the solana blockchain so I guess its truly good time for those that hold solana and also interact quite frequently within solana blockchain.
but i'm sure new coin thats currently trending right now will also have the same increase in value anyway so im not sweating about it too much really.

[doomloop]

If you still have your money with you I will strongly advise that you buy Solana and hold, it's one the of digital currency having best performance this season, you can check the chart to see how it has been performing well these days, people would have said alot of things about the existing past performance which may actually discourage, but looking at what Solana is upto now, it's one of the most preferred.

It seems that you are also one of those who FOMO and this is the reason why the OP is hesitant. But he is thinking of waiting and seeing if the price can down. Maybe because he will also invest? I still think though that it was still part of FOMOing knowing that the pump of Solana are seem questionable. I know the tokens under it are pumping as well, so it maybe the reason. But why are those tokens created and why they are pumping? What is so special about them?

When we invest, our views and opinions must be the ones that should matter the most. So don't mind those whom you think are discouraging you. The reason why Solana is preferred right now by the many, is again like I said earlier due to its tokens but once the hype dies/go down later on, I believe that many people will also drop Solana.

[Dunamisx]

With the way Solana is performing wonderfully these days, i don't think it's a wise decision to avoid making an investment in this digital currency because if you take close to it's performance between the last two months, it has moved from $50 to close to $100 and there's still more possibilities that this coin is going to hit more high till it get to about $200+ before or after the halving next year.

[MFahad]

With the way Solana is performing wonderfully these days, i don't think it's a wise decision to avoid making an investment in this digital currency because if you take close to it's performance between the last two months, it has moved from $50 to close to $100 and there's still more possibilities that this coin is going to hit more high till it get to about $200+ before or after the halving next year.

Solona is the most successful coin so far in the latest bull season start for two months. In these two months #solona achieved so many goal. They successfully launched their phone, network is now become smooth. Some days ago I read news that Solona has surpassed the XRP and now it has surpassed bnb also and now achieved the 4th rank. We should hold some amount but diversification will be best because market can downturn anytime.

[kentrolla]

With the way Solana is performing wonderfully these days, i don't think it's a wise decision to avoid making an investment in this digital currency because if you take close to it's performance between the last two months, it has moved from $50 to close to $100 and there's still more possibilities that this coin is going to hit more high till it get to about $200+ before or after the halving next year.

It's highly possible and the rapid growth is the only factor which creates more questions like what if it has over achieved it's value and what if there is an correction phase once we make any investment. I hope you got my point because had it been Bitcoin I wouldn't have though this much as I am making monthly investment into Bitcoin because I know it can recover back the lost value in couple of years but that's not the case with any Altcoins.

I have set some targets a very complicated one like SOL has to cross a particular value and it should sustain above that for a period of time and couple of other conditions to enter into SOL once again as I don't want to follow the trend this time but rather take a calculated step.

[AmoreJaz]

With the way Solana is performing wonderfully these days, i don't think it's a wise decision to avoid making an investment in this digital currency because if you take close to it's performance between the last two months, it has moved from $50 to close to $100 and there's still more possibilities that this coin is going to hit more high till it get to about $200+ before or after the halving next year.

It's highly possible and the rapid growth is the only factor which creates more questions like what if it has over achieved it's value and what if there is an correction phase once we make any investment. I hope you got my point because had it been Bitcoin I wouldn't have though this much as I am making monthly investment into Bitcoin because I know it can recover back the lost value in couple of years but that's not the case with any Altcoins.

I have set some targets a very complicated one like SOL has to cross a particular value and it should sustain above that for a period of time and couple of other conditions to enter into SOL once again as I don't want to follow the trend this time but rather take a calculated step.

that's the usual dilemma of most traders. as you don't know what will happen next, you are just relying on your instincts what to do with the current market. this is why don't put too much money here if you can't afford to do so. many are speculating that it will surpass ETH, but in my opinion that's a long way to go for SOL.

in this current phase, the price is shooting up like crazy and everybody wants to try to get a hold of this project. but think about it. up until when it will gain its traction, it can easily go down as well. but you can always put your money on the line and sell while you have positive profit. don't wait for the time that your money will be five fold or so, because it won't go to that level that fast because this network is not a hyped up project.

for now, weigh your options. if you have good amount of money to spend on a volatile market, why not? but if not, better be conservative with your estimates. your decision will depend also on when will you need such money that you will into this market.

[tvplus006]

Solona is the most successful coin so far in the latest bull season start for two months. In these two months #solona achieved so many goal. They successfully launched their phone, network is now become smooth. Some days ago I read news that Solona has surpassed the XRP and now it has surpassed bnb also and now achieved the 4th rank. We should hold some amount but diversification will be best because market can downturn anytime.

Today, one of the major holders Arthur Hayes, the former CEO of Bitmex, sold SOL and used the proceeds to buy ETH - https://twitter.com/cryptohayes/status/1738008677360239091 This indicates that large holders are fixing their profits and transferring them to other coins that have not yet shown such a strong movement.

[batang_bitcoin]

Yeah, but I think that it's all going down because of the things that has happened last year. But that's fine, and I'll just be happy with those people that have bought it low and managed to sell at the top. Or if they are going to wait further about the possible going back to its former ATH. It may take time but right now it is undeniable that they're in profit, not just profit but greater profit and that means a lot to them. Whoever really goes first into this market gets the bigger slice of the cake.

yeah so many people are actually hesitating back then due to the fact that some rumour going around about this coin like basically rumour about ftx trying to dump the coin indeed put a lot of people in the side of pessimistic towards investing in solana.
i'm also kinda regret not investing in solana even not that active using solana blockchain because im not familiar with it in the first place but man there are certainly so many good airdrops ocurring there I guess thats just the perk of using blockchain thats just overally being hyped heavily by the masses.

Well, regret is there for most times when we see that something is happening and it is always in the end. If you want to get along with solana, do it but for me, it's not going to work anymore. And it just reached $100 today so congratulations to all of the holders that have bought it under that price. Don't forget to take profits.

other than that, the meme coin hypes now also happening in the solana blockchain so I guess its truly good time for those that hold solana and also interact quite frequently within solana blockchain.
but i'm sure new coin thats currently trending right now will also have the same increase in value anyway so im not sweating about it too much really.

Yeah, Bonk have increased and that made everyone who had it happy as well. I'm not going to ride all of these hypes but I will just be contented with what I had now and won't get along with FOMO.

[Sophokles]

With the way Solana is performing wonderfully these days, i don't think it's a wise decision to avoid making an investment in this digital currency because if you take close to it's performance between the last two months, it has moved from $50 to close to $100 and there's still more possibilities that this coin is going to hit more high till it get to about $200+ before or after the halving next year.

It's highly possible and the rapid growth is the only factor which creates more questions like what if it has over achieved it's value and what if there is an correction phase once we make any investment. I hope you got my point because had it been Bitcoin I wouldn't have though this much as I am making monthly investment into Bitcoin because I know it can recover back the lost value in couple of years but that's not the case with any Altcoins.

I have set some targets a very complicated one like SOL has to cross a particular value and it should sustain above that for a period of time and couple of other conditions to enter into SOL once again as I don't want to follow the trend this time but rather take a calculated step.

The market is bullish for almost 3 months now, and it is logical to think that there will be at least a short correction. I am not sure how SOL will do if there is a major crash in the bitcoin price as its price growth looks abnormal. Only airdrop speculation can bring that much funding to a project over the course of a month. There is internal price manipulation and it looks like someone wants to give FTX a better price to sell off their SOL holdings to recover customer funds. It was a well-played strategy by the team and some people also benefited from it.

[JeffBrad12]

The market is bullish for almost 3 months now, and it is logical to think that there will be at least a short correction. I am not sure how SOL will do if there is a major crash in the bitcoin price as its price growth looks abnormal. Only airdrop speculation can bring that much funding to a project over the course of a month. There is internal price manipulation and it looks like someone wants to give FTX a better price to sell off their SOL holdings to recover customer funds. It was a well-played strategy by the team and some people also benefited from it.

there has been some correction occurring along the way but yes the correction was rather short lived and also not that much of a big deal mainly because after that, it instantly recovers back maybe because people think that we are in bullish and surely any price correction gonna be instantly recovering back to its original state.
in regard of internal price manipulation though we don't know for sure, the price of SOL has increased so significantly added with the fact that many project within solana are being invested heavily as well by many investment company.
I doubt that ftx could have something to do with it maybe solana is just that good after all the project deployed are many as well.
but if we are talking about conspiracy theories then it is maybe possible, its just that, pumping project like solana requires massive capital I doubt ftx would spend all those money just to pump.

[rodskee]

With the way Solana is performing wonderfully these days, i don't think it's a wise decision to avoid making an investment in this digital currency because if you take close to it's performance between the last two months, it has moved from $50 to close to $100 and there's still more possibilities that this coin is going to hit more high till it get to about $200+ before or after the halving next year.

Passing more than 100 dollars now mate actually it is 107 as of my typing

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

and I'm afraid that this will be increasing this whole December for preparation to what will happen in the halving season.

but expecting to reach before Halving? am afraid there will be more increase before the halving instead it will go down.

[GreatArkansas]

For me what happened in Solana is normal, it's just bouncing back. Because if you will check also the all-time highs of Ethereum, and Bitcoin. They are almost the same, what happened in Solana is only really tragedy because of FTX Exchange, they just experienced huge dump and late to recover.
Now Solana is close to Ethereum and Bitcoin based on current price versus all-time high prices.

[libert19]

Solana keeps rising and you are feeling like buying it, is definitely a fomo, but I feel solana is going to make ath high this time around, there is a lot of hype around it and we have just entered bull market, you know what that does to the projects.

[peter0425]

Seems like solana(SOL) is here not to stop , because instead of lowering yet the Heat continues and up to now making its increase up to 110$ till this moment.

If I have just believe OP when he created this thread , surely I'm in good profit now lol.

Solana keeps rising and you are feeling like buying it, is definitely a fomo, but I feel solana is going to make ath high this time around, there is a lot of hype around it and we have just entered bull market, you know what that does to the projects.

Actually it is FOMO when he created the thread , but seeing it increase more week after this was posted?

I think he should have followed His instinct that day .

[Dunamisx]

I don't know if some of you have observed this about Solana, the more bitcoin is stable a little bit and not falling or increasing, then this coin Solana keep pumping and increasing in market price untill bitcoin starts dropping before you can start with the experience of dip in Solana, while it rises as well the more bitcoin in showing indications for pumping, this coin is not going dip anytime soon base on its recent performance.

[rodskee]

I don't know if some of you have observed this about Solana, the more bitcoin is stable a little bit and not falling or increasing, then this coin Solana keep pumping and increasing in market price untill bitcoin starts dropping before you can start with the experience of dip in Solana, while it rises as well the more bitcoin in showing indications for pumping, this coin is not going dip anytime soon base on its recent performance.

would you mind sharing where did you get that statistics? how many times did this happened f
or you to have that observation(if you have no proof at all) because I think there is no where we can find
that Data you said , because if this is just about this week then you have nothing to make sense
here because that is not a historical data at all and everything is normally happening when
the market shows movement like this.

[batang_bitcoin]

I don't know if some of you have observed this about Solana, the more bitcoin is stable a little bit and not falling or increasing, then this coin Solana keep pumping and increasing in market price untill bitcoin starts dropping before you can start with the experience of dip in Solana, while it rises as well the more bitcoin in showing indications for pumping, this coin is not going dip anytime soon base on its recent performance.

There's the contribution of Bitcoin from its gain and there's no doubt about it. But I think that even Bitcoin becomes more stable soon, it's likely that we're going to see that this pump that's happening on Solana will not last for so long. People who have been holding it need to remember that this market is highly volatile and it's not going to favor them forever and the time for its correction will come. When? I don't know, just based it on the market moves for the past years.