SOL has already made massive gains this year, and I believe is primed to be the strongest ETH and BTC competetor. Thoughts on MNDE? Marinade is one of the biggest liquid staking DAO’s on solana, and looking to become the LIDO DAO of the solana network. Why wouldnt the line go up???
I like MNDE.
I slept on buying SPL tokens at the lows, mainly bc they went to shit and showed little signs of life. From SOL ecosystem, orca & mnde are 2 of the top projects imo and helium is amazing even before migrating to sol. Was big fan of raydium also but now unsure.
I agree SOL is strong competitor and this whole srm/ftx fiasco is a great “test” also a great way to clear out trash. My main concerns with sol:
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is it truly decentralized or is it actually centralized.
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token supply use to be 500m now is ‘infinite’
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how will sol and other ‘chain gang’ projects hold when fresh new shiny projects enter crypto in next bull run making same copy pasto claiming to be better faster cheaper, etc etc.
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sec allegations/case
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Don’t invest in tokens of DApps. They usually have inflated market prices that don’t make sense long term.
Why do you want to have MNDE? Just to speculate. It doesn’t have any function except because elf the DAO, and you don’t get any economic value from that.
This is also true for 99% of the tokens out there.
Coins are different, as they are the currency of the ecosystem. They are needed to pay the gas, and is usually the reference for liquidity pools and getting loans or any other activity in the DeFi.
I tell you this, and I have some tokens because I still believe in the speculative value of said tokens, but they are a risky investment. For example, I have SAMO, as they have a fixed supply, and they are the “Solana DOGE”. It has a small market cap, but it can multiply x20 in a bull market where Solana does well. Meme tokens are stupid if you think about that deeply, but I cannot keep disregarding masses psychologic forces.
alts are for trading, not long term holding.
+90% will fail.
99% lose value against btc and eth in long term (in the end was better to just trade/invest into btc or eth; take look at ada doge ltc xrp xlm n any other chart in their btc and eth pairing - sol and bnb have been exceptionally good)
another pov whle btc bounce from 16k to +30k over the past year, many many alt coins did fuckall, maybe just pump n then dump, but majority have been sitting doing nothing. So for btc to pamp +2x off the lows and hold these levels for nearly full year while those alts did nothing; to me its a sign that indicates their future; big ol sweet nothings and at best a p&d scheme, like most of crypto
On the fundamental side, this is true.
On the speculative side, this is not true.
I agree
It’s mainly speculation, and I will agree that it is somewhat an ishcoin however compared to other coins out there MNDE does have utility. It is also heavily correlated to MSOL which is basically pegged to SOL. Logically someone would rather earn yield then just hold SOL, and therefore I think MNDE should also gain value as people try to access control over the treasury.
MNDE is correlated to sol but they have been losing value over time for a good reason
MNDE is one of the last vestiges of Solana 1.0 … When Jito drops a token I suspect it will take a LOT of market share from Marinade but who knowssss
What is Jito doing that Marinade is not?