I remember this time last year Solana was left for dead for its association with FTX. Everyone was saying it was a failed project or could never come back

With the price skyrocketing recently, is it fair to say that Solana is making a full recovery in terms of its adoption and sentiment?

Like it’s hard for me to tell if it’s one of the best blockchains that had some bad press, or if this is a sucker’s rally?

  • TeamVanos@alien.topBEnglish
    1·
    1 year ago

    Hodl! Just 300 Solana will be your retirement one day. It is the most efficient system.

  • lucidvein@alien.topBEnglish
    1·
    1 year ago

    Yes Solana was oversold because of the FTX situation but now it looks like FTX might try to re-open… and people were worried FTX was going to dump their available Sol but they’ve also been staking some of which they could have dumped.

    The tech is still better than the rest so it never deserved to be that low in the first place… down 97%? That was an overreach. Its partnered with AWS Google Shopify Visa etc. Also it just put firedancer on testnet during this last breakpoint. It’s uptime and TPS had already improved with updates to the network.

    Not to say it cant pull back after moving so quickly up but Solana has always been here to stay which ive preached consistently even when it was hard too.

    Personally I expect it to be a top 3 crypto behind ETH. It just flipped USDC.

  • MMM_Theory@alien.top
    BEnglish
    1·
    1 year ago

    It never died, it just saw SMB’ true face and lost its hard on. The main benefit was that we found its base, now just growing in girth to sustain its true length.

  • FaustusFelix@alien.topBEnglish
    1·
    1 year ago

    Solana never died, at sub $15 and down to $8 a lot of the coins went to the real supporters and it became evident early this year that it was definitely still going to come back with all the development ongoing. Look at what happened at Breakpoint.

    Lots of people didn’t like it because they are aligned to their bags and created popular narratives but it only took a slightly inquisitive mind to find solid counterpoints to all those narratives.

    • LetsPost@alien.top
      BEnglish
      1·
      1 year ago

      On 12/29/22 I bought my most recent 5 sol at 8.66 a piece. Bought my first 5 at $204 and DCA’d all the way down. What a ride!

  • hobohill79@alien.topBEnglish
    1·
    1 year ago

    People never learn their lesson. Y’all going to get dumped on by the VCs and SBFs hidden wallet his mom has now. Not to mention the HUGE amount of coins that will be liquidated in order for everyone who was scammed last time crawl back some of their lost funds. Coupled with the fact it crashes constantly and is censored and centralized the risks far outweigh the rewards with solana. Proof of work,fair launch,no pre allocation. These are the foundations of a good cryptocurrency.