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?
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.