The only reason why everyone is bullish about SOL is because of the airdrops and the success of meme coins in its ecosystem. There is nothing else that created such hype about it and network congestion has been an ongoing issue with Solana. If this news had been bullish then the SOL price would not have gone down as it should have continued in the same manner as it was before the 8th of April.
That is incorrect, Solana is still in Beta, the Memecoin trend is just an example of what can be accomplished with a ecosystem which thrives by offering low fee's, lower fee's then ETH. Everything created in ETH can be created in Solana, Solana has many use cases that can be provided outside of just Memecoins itself.
Many different environments would benefit from the ecosystem that Solana has to offer vs ETH one of those being gaming interacting with the blockchain which would benefit from the speed and low cost transactions.
Solana can offer what ETH has to offer and more and I will be building on Solana.
Okay. This was the first time I was about to use the Solana service to move out my coins from it because someone recommended to me and the congestion the network made to abandoned the service. Well I have not used the service or the network before so I don't know that this is the first time the network is congested but being a new projects or up coming project they would have prevented it from the congestion because once a network is congested it loses customers.
Yes I have been hearing that the developers want to remove the ordinals from the network so that it will be free from the congestion.
That is incorrect, Solana is in Beta. All projects have suffered from congestion I remember when BTC suffered from congestion over 10 years ago as well as ETH in their early stages pre ETH 2.0 and it was a whole sh!t show with everyone and people trying to move away from ETH and then forks here and there etc etc. Solana is handling this a lot better then ETH did a whole lot this is nothing compared to what has happened prior and I give props to the Solana team for this.
Anyone knowing this information of the congestion on ETH and BTC having been around in those time and wants to talk down on Solana for congestion is just creating FUD, don't fall for it seaze the opportunity and buy in.
Also when it comes to price dropping, Wormhole had a play in it as well with everyone selling their airdrops it contributes to the price dropping this is just a opportunity for people to up on their holdings before the price goes up again.
