Solana Overview

[Suba]

Solana is a third generation blockchain that implements a Proof of History (PoH) consensus mechanism combined with Proof of Stake (PoS). The Solana Blockchain is designed to facilitate smart contracts and decentralized applications (DApps), so that it can support various decentralized finance (DeFi), Non-fungible token (NFT) and games platforms.

On Coinmarketcap currently Solana is in 11th place, Solana price is $23.47 (19/2/2023) down 12% over 24 hours, ATH $260. Solana's price position as of Feb 1, 2023 is $24.99 so it's down about 0.06%. My prediction is that Solana prices will continue to fall until the end of February. What do you think, is Solana worth investing in?

 

[monster_masterpiece]

In the reality solana is not the only coin falling but a lot of cryptocurrencies are falling these days means nothing seems to be strange. Solana is good because it is good option to fund faucetpay or binance or coinbase or trustwallet wallet address.

 

[riberet19]

Solana is a project that is still in beta phase if I'm not mistaken, I still have a few Solanas in my exodus wallet, but most of them I sold, the network is almost always congested or sometimes goes down or there are already a few times in which it has been hacked.

 

[Carson20t]

Looking at various analyses and above all the market cap for Solana, I can safely conclude that it is a quality coin that is worth investing in, however, I must make emphasis that it is foolish to invest without the technical skills of an expert. Therefore seek advice from a qualified and registered financial advisor from SEC.

Also, it is important to note that most quality investments take time to actualize. Even if they are immediate, medium and long-term investments. You won't get rich overnight and can start receiving substantial dividends or shares after six to one year. You can start seeing yourself accumulating first generation, second generation and third generation income after five to ten years of consistent income portfolio diversification.

 

[gammarays]

Solana is a popular coin with it's network unique. It boasts a scalable network that's fast and has low transaction fees. It once rivalled Ethereum as a favorite spot for hosting Nfts.

 

[uptrendfinancialsignal]

Solana is a very promising cryptocurrency and no one can dispute this.

 

[Reedex]

Solana is a very promising cryptocurrency and its blockchain is scalable.

 

[Suba]

In the reality solana is not the only coin falling but a lot of cryptocurrencies are falling these days means nothing seems to be strange. Solana is good because it is good option to fund faucetpay or binance or coinbase or trustwallet wallet address.

You're right sis, not only Solana is dropping in price but all crypto, due to experiencing a downward trend or crypto winter, in addition to changes in the central bank's interest rate in the US. so that almost all crypto is depressed down.

 

[Stardom22]

For now I think one needs to sit back and relax just to watch how the Crypto currency behaves for some time before they can make any investment in any crypto currency because the situation currently is so bad.

 

[Suba]

For now I think one needs to sit back and relax just to watch how the Crypto currency behaves for some time before they can make any investment in any crypto currency because the situation currently is so bad.

I think it would be better if we can take advantage of a bad situation or the price is going down so that we can collect crypto at a cheaper price. then we just need to hold and wait for the price to rise.

 

[Yohanna]

For now I think one needs to sit back and relax just to watch how the Crypto currency behaves for some time before they can make any investment in any crypto currency because the situation currently is so bad.

You have a very important point because investment in cryptocurrency now is very risky.

 

[Suba]

You have a very important point because investment in cryptocurrency now is very risky.

The higher the risk, the higher the profit, cryptocurrencies need good and correct management, and in principle you buy at the cheapest possible price and sell at the highest possible price, but you have to be patient waiting for the time until the price reaches a peak, therefore you can take advantage of the Solana that you have by becoming a validator (stake) so you will get Solana coin rewards.

 

[riberet19]

The higher the risk, the higher the profit, cryptocurrencies need good and correct management, and in principle you buy at the cheapest possible price and sell at the highest possible price, but you have to be patient waiting for the time until the price reaches a peak, therefore you can take advantage of the Solana that you have by becoming a validator (stake) so you will get Solana coin rewards.

You are right about that, but the greater the risk, the less people will want to enter the market, so if the market rebounds, only a few will earn money to tell the truth.

 

[Suba]

You are right about that, but the greater the risk, the less people will want to enter the market, so if the market rebounds, only a few will earn money to tell the truth.

Maybe it would be better if we had to wait for the market reaction to invest or add to the Solana we have, so that our investment capital doesn't stall for too long.

 

[Yohanna]

Solana is a very good coin and it's very promising.

 

[Suba]

Solana is a very good coin and it's very promising.

I agree with you. Solana is one of the coins that is in the top 10 on CoinmarketCap, and has a high market cap, so it is very promising if we make it a long term investment, you can also use Solana as a trading pair.

 

[Stardom22]

For me I think this crypto currency can be a game changer to the investors that the newbies to this venture can start investing in it in a matter of fact.

 

[riberet19]

Maybe it would be better if we had to wait for the market reaction to invest or add to the Solana we have, so that our investment capital doesn't stall for too long.

Yes, well, anyway in the Solana network you have the staking that offers you returns, although it is really not much money compared to what other networks such as Dot, Cosmos or Tezos offer you, but at least it is not only stalled but generates money, thats a good thing

 

[Yohanna]

Yes, well, anyway in the Solana network you have the staking that offers you returns, although it is really not much money compared to what other networks such as Dot, Cosmos or Tezos offer you, but at least it is not only stalled but generates money, thats a good thing

Cryptocurrency staking is a very good form of cryptocurrency investment.

 

[Blessed19]

Honestly speaking Solana has been making a huge and reasonable amount of rise in the bull run at every moment there is bull run in the crypto market and I do not have it in my wallet which I could have been very proud of it's rise and keep on holding the coin in my wallet for longer term.