Invested a Small amount last week at 0.04ct, now it is at 0.16ct…where is this going to? Whats your opinion?
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To the Moon !
Good question. SOL has a track record of investor reticence due to the strong association to FTX which was a fraud scheme run by two psychotic children that had HUGE amounts of SOL held by their firm. The BELIEF by at least Sam Bankman Fried was that SOL was the next great Crypto able to best with the likes of ETH, BTC which COULD very well be the case (as in despite his being insane and defrauding people the belief was a genuinely held one), but the problem was that the fact that the firm was entirely a money laundering/fraud ring that idea was practically destroyed with SOL’s being tied to it damaging its public image as being complicit with it when it was just an asset FTX held (criminals have dollars, cartels have dollars, but that doesn’t mean the banks or the fed is giving them the money in all cases).
Right now the perception of SOL has been able to somewhat distinguish between it and FTX a bit to where people are less concerned about investing in it. Also Visa has established a partnership with them making it to where they now have a practical foothold/implementation in the current infrastructure LIKE Visa does (and that practical application showcases a real world use case for something that has largely been seen as more of a weird technological toy that the world is playing around with in most cases). These things are good with Visa’s partnering with them granting legitimacy to SOL as not only a viable platform over which to perform transactions, but also as a trustworthy platform as they are understood to have done their due diligence as much as SOL or with any other partner to where they can safely say these transactions will not be defrauded and processed safely.
That said if that maintains it COULD go up, but how high I don’t know.
OP asked about SOLANIUM; the fact that you missed that shows you aren’t nearly educated enough to be giving any advice on Solana.
Be quiet please as there was reason to think the misspelled Solana and are odd to have asked about Solarium crypto in the Solana room
So Visa is giving Sol credibility which is repair the danage from FTX.
The credibility is the current fuel in price.
I agree, and l also have no clue where the ceiling will arrive.
A BTC ETF would help fuel the price ax well.
Glad I bought when the price collapse hit with FTX.
And for the record from what I saw Visa can process around 2000 transactions a second practically with SOL currently able to practically resolve 4000. That meets the current need with excess simply meaning much quicker resolutions of transactions meaning immediate account balance updates compared to a few days.
The Visa thing only further bolsters SOL’s credibility too and they made a fair remark about how crypto is a Wild West dotcom situation from the 90s with how it is new and growing. A lot of the dotcom nonsense of that period was a waste or blew up, but legitimate projects that met a need and refined the market, practice were able to establish themselves within the market of the time to show themselves as useful to meet the needs or unknown wants of the customers they were serving. SOL having the ability to meet the transaction, security requirements of Visa is an example of that transition.
You’re one of the nicer responders not being sarcastic here (which is one of the reasons why I hate the forums and the Telegrams as followers are either nut advocates or antagonistic) so I will thank you for that.
As to the ultimate why of why this is happening now I think it is more tied to Ripple’s succeeding in its lawsuits against the SEC which are literally carrying/saving the entire market of crypto (if not just a large part) from being made illegal entirely and removing major barriers to legitimate projects like XRP, SOL, ETH, BTC, etc. That shadow of the potential legal consequences is something that affects any market while it is being resolved because questions for both investors and creators alike are around “What will happen to my investment if the government does x?”. Ripple has essentially put forward ALL of the financial and legal resources to have these things defined with nobody else really making any defense short of a few exchanges like Coinbase which is in less hot water than Binance as it doesn’t have the money laundering accusations as I recall.
I am not a legal or financial advisor or an official crypto analyst but these things do appear to be the root basics.
Good question.
Good answer, if OP was asking about SOL. But they are asking about Solanium (SLIM). A platform token built on Solana
3sides2everyStory, 3sides2everyStory this and understand that it makes sense for someone to think someone misspelled Solana.
There is currently an 8 day window for the Bitcoin ETFs to get approved. That closes on the 17th. If no ETF approved by then, then it’s probably a safe bet to see a correction in the markets across the board. Solana is still tiny in comparison to Bitcoin. That’s why everything rises and falls with Bitcoin.
This post is about $SLIM, not $SOL.
Zoom out. The 1 yr graph indicates, for me at least, it’s a high risk staying in. That’s a general rule I suppose: risk increases with the slope of the price. Huge rise in short time = higher risk
My last launchpad token investment went from around $20 to cents. I hate Cardano. These things can moon though, they are way more leveraged than the underlying asset. With the current sentiment I’d still give it a 10x potential if SOL just doubles. Invest only what you can lose 95% and put in some stopp-losses on your way up because after the peak it’s a steady decline, maybe not straight, but for sure steady.
Watch out for othercoiners trying to derail the sub 👀
Have a look into the coins launched on Solanium they’re doing quite well, imo needs attention good/selectiv launch platform …
Mate, stick to legit projects. I was there when SLIM and SOLONAX were shilled left and right in their respective telegram channels. If I were you, i would atleast encash my initial investment and watch.
Launchpad is interesting when we’re in a bullmarket. and in my opinion you have to sell some hours after distribution unless the project is very promising
Something is brewing with SOL. It is pumping like crazy and I am predicting a large SOL dump, most probabbly from FTX. They still hold a large amount of SOL. So yeah, someone is grooming SOL in preparation for a large dump. It would dip so hard that it would be too late for others to sell quickly.
50% lasts, 50% doesn’t
More like 45% does, 45% doesn’t, 10% either or