I would imagine other people have been wondering this too, so what's your theory for SOL?
I think Solana is the best new arrival coin ever. The improvement that had occurred to Solana was extraordinary. Moreover, with the growth of memecoin which is currently hyped, its name is becoming increasingly popular and continues to increase. But we don't know what will happen when the trend turns bearish. I think this is because many people use Solana as an alternative coin for transactions because of its cheap gas fee and fast. Meanwhile, BTC and ETH have become a big problem with the large gas fees that must be paid for each transaction. So before have improvement and there are no other alternatives for BTC and ETH transactions, Solana will continue to be used. Apart from that, the price is still cheap, making the whales hold it a little longer to sell it when the time comes.
Improvement what? Solana just become popular due to the recent airdrops and existence of meme coin that is obviously backed by Solana whales that same whales that supported SBF before and probably using SBF funds to manipulate again Solana.
Solana is still same shitty blockchain. Ethereum is still by far better than this blockchain in terms of being decentralized. There’s also other new blockchain that is much better to Solana in terms of performance that is not receiving the deserved valuation since everyone is following the manipulation on Solana.
