Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Solana Forum => Topic started by: philipma1957 on February 19, 2024, 04:14:27 AM

Title: Are you stacking solana?
Post by: philipma1957 on February 19, 2024, 04:14:27 AM
I am slowly stacking Solana.

I plan to get to 5 solana from my current stack by the end of this year.

I have under 3 solana.

I believe that Solana is a big five year stack and hold coin.

So far I do it via my hotspot miner.

I convert my earnings in IOT into Soloana.
Title: Re: Are you stacking solana?
Post by: MrSpasybo on February 19, 2024, 06:52:06 PM
I am slowly stacking Solana.

I plan to get to 5 solana from my current stack by the end of this year.

I have under 3 solana.

I believe that Solana is a big five year stack and hold coin.

So far I do it via my hotspot miner.

I convert my earnings in IOT into Soloana.
If you believe in the growth potential of the Solana ecosystem, staking SOL is the right decision. Many stakers have received large airdrops from new projects in the Solana ecosystem, their value is even greater than the value of staked SOL.

Investors who continue to believe in SOL have bought a lot of SOL in the $8-10 price range during the crypto winter, staking continues to bring them more SOL and other tokens. Opportunity is only for those who are persistent and understand the value of Solana.

Currently, compared to the bottom price zone, the SOL price is quite high. Just 10 SOL tokens are worth more than $1K, hope the SOL price will continue to increase strongly in the bullrun and bring profits to SOL holders and stakers!
Title: Re: Are you stacking solana?
Post by: philipma1957 on February 19, 2024, 10:09:58 PM
I am slowly stacking Solana.

I plan to get to 5 solana from my current stack by the end of this year.

I have under 3 solana.

I believe that Solana is a big five year stack and hold coin.

So far I do it via my hotspot miner.

I convert my earnings in IOT into Soloana.
If you believe in the growth potential of the Solana ecosystem, staking SOL is the right decision. Many stakers have received large airdrops from new projects in the Solana ecosystem, their value is even greater than the value of staked SOL.

Investors who continue to believe in SOL have bought a lot of SOL in the $8-10 price range during the crypto winter, staking continues to bring them more SOL and other tokens. Opportunity is only for those who are persistent and understand the value of Solana.

Currently, compared to the bottom price zone, the SOL price is quite high. Just 10 SOL tokens are worth more than $1K, hope the SOL price will continue to increase strongly in the bullrun and bring profits to SOL holders and stakers!


I never stake do not believe it is legal to do in the USA and I feel eventually it will get banned to stake in the USA.
Title: Re: Are you stacking solana?
Post by: kent47400 on February 20, 2024, 05:48:32 AM
I have never bought or been a holder of Solana coins, so I also have no interest in staking Solana coins.
There are many reasons and considerations for me not buying Solana coins because I noticed that the Solana coin blockchain was outage several times.
Then I also don't understand how to stake Solana coins, and the most basic thing is that I don't know a personal wallet that is very suitable and comfortable for holding Solana coins.
Title: Re: Are you stacking solana?
Post by: philipma1957 on February 20, 2024, 05:58:26 AM
I have never bought or been a holder of Solana coins, so I also have no interest in staking Solana coins.
There are many reasons and considerations for me not buying Solana coins because I noticed that the Solana coin blockchain was outage several times.
Then I also don't understand how to stake Solana coins, and the most basic thing is that I don't know a personal wallet that is very suitable and comfortable for holding Solana coins.

cant find a good wallet for your solana.

I use my ipad and a helium wallet app.

I am pretty sure android tablets have the app.

It gives. 12 word recovery works okay.

since I mine with my hotspot i just convert my IOT into solana.

I think I can buy solana on my coinbase wallet and move it to the helium wallet.

I just purchased a Solana on my coinbase account. So I now have four coins.

one in coinbase and three in the helium wallet.
Title: Re: Are you stacking solana?
Post by: rdluffy on February 21, 2024, 06:09:04 PM
I have never bought or been a holder of Solana coins, so I also have no interest in staking Solana coins.
There are many reasons and considerations for me not buying Solana coins because I noticed that the Solana coin blockchain was outage several times.
Then I also don't understand how to stake Solana coins, and the most basic thing is that I don't know a personal wallet that is very suitable and comfortable for holding Solana coins.

The outage of Solana's network was much talked about, but the network has returned to normal and apart from the inconvenience of having to wait for the network to come back online to make transactions, nothing serious has happened
In addition, the network had been running at 100% for almost a year, and outages have been infrequent for a long time now

If you want a recommended wallet, Phantom is an excellent choice


cant find a good wallet for your solana.

I use my ipad and a helium wallet app.

I am pretty sure android tablets have the app.

It gives. 12 word recovery works okay.

since I mine with my hotspot i just convert my IOT into solana.

I think I can buy solana on my coinbase wallet and move it to the helium wallet.

I just purchased a Solana on my coinbase account. So I now have four coins.

one in coinbase and three in the helium wallet.

Like I said above, Phantom is probably the most used wallet for Solana, here https://phantom.app/
It's a good wallet, I'm using for more than 3 years
Title: Re: Are you stacking solana?
Post by: NikeFit_7777 on February 22, 2024, 08:31:33 AM
Honestly? I don't see it, the technology, much less the promise of it. The fact that the price has risen from 20 dollars to 100+ does not mean that it is worth moving from other assets to SOL. + depending on what situation you have with other assets and what % you managed to earn that you could pour them into SOL. Any transfusion of an asset, from one to another, carries enormous risks. Remember this.

P.S. It will be interesting to see your result. As soon as you make a rebalance, post in this thread (+ specify market prices, etc). I think everyone will be interested to observe for your actions.
Title: Re: Are you stacking solana?
Post by: salad daging on February 23, 2024, 06:20:29 PM
I don't plan to accumulate Solana long term but I myself have bought 3.5 Solana for the purposes of the ecosystem that exists in the Solana network because for me there the ecosystem grows faster by being able to generate airdrops and I myself hunt for that to buy solana.

What do I do with Soalana? Staking/Add Liquidity/Borrow/Lend and trying out some of the NFT markets that exist on this network because according to what I analyzed it has potential for the future.

But if it's for investment then it's a NO.
Title: Re: Are you stacking solana?
Post by: rdluffy on February 23, 2024, 07:46:30 PM
I don't plan to accumulate Solana long term but I myself have bought 3.5 Solana for the purposes of the ecosystem that exists in the Solana network because for me there the ecosystem grows faster by being able to generate airdrops and I myself hunt for that to buy solana.

What do I do with Soalana? Staking/Add Liquidity/Borrow/Lend and trying out some of the NFT markets that exist on this network because according to what I analyzed it has potential for the future.

But if it's for investment then it's a NO.

The good thing about Solana is that with 3.5 SOL you can make thousands of transactions hehehe

Do you also use USDC and USDT on Solana for stake/lend/borrow? Or just the SOL?

In my case I use USDT + USDC + SOL almost 99% of the time
And yet I always have some SOL saved for a possible increase in value
Title: Re: Are you stacking solana?
Post by: philipma1957 on February 24, 2024, 04:52:00 PM
I don't plan to accumulate Solana long term but I myself have bought 3.5 Solana for the purposes of the ecosystem that exists in the Solana network because for me there the ecosystem grows faster by being able to generate airdrops and I myself hunt for that to buy solana.

What do I do with Soalana? Staking/Add Liquidity/Borrow/Lend and trying out some of the NFT markets that exist on this network because according to what I analyzed it has potential for the future.

But if it's for investment then it's a NO.

Funny we have just about the same amount of solana. I have 3.99

I earn IOT with my hotspot miner and I do not hodl it. I convert it to solana.
Title: Re: Are you stacking solana?
Post by: salad daging on February 24, 2024, 09:54:20 PM
The good thing about Solana is that with 3.5 SOL you can make thousands of transactions hehehe
Hahaha right, transactions on the Solana network are quite cheap. ;D

Do you also use USDC and USDT on Solana for stake/lend/borrow? Or just the SOL?
Yes, partly I also use USDC or USDT for staking/borrow/lend but for now mostly in SOL not stablecoins, because I think it will be bullish in the future so there is still hope that SOL will rise so more in SOL than USDC and USDT.

In my case I use USDT + USDC + SOL almost 99% of the time
And yet I always have some SOL saved for a possible increase in value
Indeed, in some point scoring by holding SOL far more than stablecoins, it will prioritize SOL, and honestly do not try other tokens even though there are other options on the Solana network.

Funny we have just about the same amount of solana. I have 3.99
I would even upgrade SOL again if I had more money. Lol...
Title: Re: Are you stacking solana?
Post by: Primo1760 on February 24, 2024, 10:30:44 PM
I am slowly stacking Solana.

I plan to get to 5 solana from my current stack by the end of this year.

I have under 3 solana.

I believe that Solana is a big five year stack and hold coin.

So far I do it via my hotspot miner.

I convert my earnings in IOT into Soloana.
Actually I think Solana coin is very good for investment. But I'm currently going with Bitcoin and Ethereum to invest. But I will add Solana to my portfolio very soon as I believe it will make a good position in five years. Solana coin was the most dumped in the market dumping we saw going from dumping $250+ to $8. After that, the market recovered from $8 and almost went on the road to recovery, but currently Solana is at $104. I always wish that your investment goes according to your expectations. You go ahead with your investment and grow your investment using the DCA method at one time you will be very successful from here.
Title: Re: Are you stacking solana?
Post by: Stompix on February 25, 2024, 06:49:50 AM
Honestly? I don't see it, the technology, much less the promise of it.

The tech is here! Solana has indeed achieved some things other coins will never be able to, of course by trading it for other issues but the specs are there, the capacity and the scaling is real, the downsizing of the blockchain by not following the traditional path and implementing account state, and much more, you can look at the stats, 30 million transactions a day is the proof of that.
The only problem with it is the threat of centralization, and probably that's the reason why even if it will become the second crypto it will never be able to threaten Bitcoin, ever! It's more of a ripple with a tiny bit of freedom flavor but not close enough.
Title: Re: Are you stacking solana?
Post by: Crwth on February 25, 2024, 07:43:17 AM
Maybe it's with the hype of all the coins that are airdropping? A lot of coins that have big value are within the Solana network and it could give more. I have seen a lot of people gaining free money just because of it and they are using SOL and then making transactions. Maybe that would be beneficial or something.
Title: Re: Are you stacking solana?
Post by: bitterguy28 on February 28, 2024, 07:37:38 AM
I am slowly stacking Solana.

I plan to get to 5 solana from my current stack by the end of this year.

I have under 3 solana.

I believe that Solana is a big five year stack and hold coin.

So far I do it via my hotspot miner.

I convert my earnings in IOT into Soloana.
I am now , Have bought my first 2 Solana few days ago and now gathering funds to purchase little by little readying for the great pump anytime soon or maybe early next year.

Actually like you , Am planning to convert all my litecoin holding to Solana but still thinking about this though may decide in the coming days while seeking for best advise from people like you .
Title: Re: Are you stacking solana?
Post by: KryptoBull on February 28, 2024, 07:51:25 PM
Maybe it's with the hype of all the coins that are airdropping? A lot of coins that have big value are within the Solana network and it could give more. I have seen a lot of people gaining free money just because of it and they are using SOL and then making transactions. Maybe that would be beneficial or something.
I also think that an important reason for many investors to buy and stake SOL tokens now is to receive many high-value airdrops in the future, like PYTH, JUP or BONK. This is an important part of Solana's tokenomics, it helps reduce the amount of SOL in circulation and the selling pressure will decrease.

Additionally, the SOL token price has increased impressively over the past few months, giving holders peace of mind that their assets will not lose value during the staking period. I don't own SOL but maybe I will hold and stake SOL in the uptrend to get some profit.
Title: Re: Are you stacking solana?
Post by: philipma1957 on February 28, 2024, 08:29:06 PM
It's up a bit. I have 4 coins I hope to get over 6 by Dec 2024.
Title: Re: Are you stacking solana?
Post by: NikeFit_7777 on February 29, 2024, 10:02:37 AM
The tech is here! Solana has indeed achieved some things other coins will never be able to, of course by trading it for other issues but the specs are there, the capacity and the scaling is real, the downsizing of the blockchain by not following the traditional path and implementing account state, and much more, you can look at the stats, 30 million transactions a day is the proof of that.
The only problem with it is the threat of centralization, and probably that's the reason why even if it will become the second crypto it will never be able to threaten Bitcoin, ever! It's more of a ripple with a tiny bit of freedom flavor but not close enough.
What kind of technology? That the grid is shut down up to several times a year? Don't you think manipulating the price of this asset, etc. - is trivially profitable? Don't think it happens "just for fun." Someone is clearly making a colossal amount of money off of this and it's not regular users.

P.S. The number/speed of transactions is absolutely not an indicator in a project. Everyone accentuates attention on it, although it plays no role. There are dozens of similar projects with similar functionality - in that case, should we invest in each of them? I don't think so. But that doesn't mean I didn't consider Solana (previously) as an investment. I just did it, on a small % of the deposit.  ::)
Title: Re: Are you stacking solana?
Post by: salad daging on February 29, 2024, 03:45:56 PM
Maybe it's with the hype of all the coins that are airdropping? A lot of coins that have big value are within the Solana network and it could give more. I have seen a lot of people gaining free money just because of it and they are using SOL and then making transactions. Maybe that would be beneficial or something.
Maybe that's the reason why Solana has become hype in the last few months, those who stake or as much as they can in the feature will usually get token rewards after the platform launches the token and it's a large amount of free money, I see some people are happy with what they do on the Solana network.

Solana transactions are now increasing and what is bigger is to stake for a long time on the Solana network, don't be surprised if this coin continues to rise because the demand in the market will be higher.
Title: Re: Are you stacking solana?
Post by: Stompix on February 29, 2024, 05:34:47 PM
What kind of technology? That the grid is shut down up to several times a year?

Fukushima happening doesn't mean building a nuclear reactor is the same as baking a ten pack of frozen Walmart cookies!

The number/speed of transactions is absolutely not an indicator in a project. Everyone accentuates attention on it, although it plays no role.

For a lot of people it is!
See how USDT volume migrated from ETH to TRON?
See how people fled to DOGE when Bitcoin fees reached $10-$20?
You're talking about technology but you don't actually focus on what technology would be able to do, so in your opining since both speed and capacity and efficient blockchain pruning are irrelevant what would an advance look like? What would be that breakthrough?

But that doesn't mean I didn't consider Solana (previously) as an investment. I just did it, on a small % of the deposit.

So you're investing in a coin that fails more than it works, it is manipulated and it offers no technologic advance...because?  :o
Title: Re: Are you stacking solana?
Post by: philipma1957 on February 29, 2024, 05:45:47 PM
Well so far so good on Solana. UP OVER 30%.

My 4 coins are now over $520  value.
Title: Re: Are you stacking solana?
Post by: rdluffy on March 01, 2024, 02:39:32 PM
Well so far so good on Solana. UP OVER 30%.

My 4 coins are now over $520  value.

And in my opinion there's a lot more to grow
Everything will depend on the BTC bull run, but the system is growing, there is a lot of money coming into the network from people looking for airdrops, leaving in Lend/Borrow and the NFT system is also growing.
Jupiter is seeing record movement these days
Title: Re: Are you stacking solana?
Post by: salad daging on March 01, 2024, 10:43:09 PM
Well so far so good on Solana. UP OVER 30%.

My 4 coins are now over $520  value.

And in my opinion there's a lot more to grow
Everything will depend on the BTC bull run, but the system is growing, there is a lot of money coming into the network from people looking for airdrops, leaving in Lend/Borrow and the NFT system is also growing.
Jupiter is seeing record movement these days
Maybe Solana can go to $200 when the bitcoin price increases, what about people still holding when buying solana around $3? I can't imagine how their profits are now.

It was hunted a lot so a lot of money went into Solana even some Dapps confirmed their airdrop how will people fall for this? The reality is that it happened to Jupiter who distributed tokens to the community, so this will continue to be followed when the hype continues.

Jupiter has partnered with many new projects.
Title: Re: Are you stacking solana?
Post by: debra on March 01, 2024, 10:57:11 PM
Where you are staking Solana? How much and how long?
I know it is a secret question but I'm curious about how you get those 5 Solana.
Don't you get 5 Solana after you are staking it for a year?

Honestly, I'm not staking Solana. I prefer to stake BNB or ETH, I think these coins are most recommended for staking. But because we are in the bullish season, I don't want to stake for a long time because I may sell them at any time. So, I just stake for few months.

Title: Re: Are you stacking solana?
Post by: philipma1957 on March 02, 2024, 02:22:01 AM
Where you are staking Solana? How much and how long?
I know it is a secret question but I'm curious about how you get those 5 Solana.
Don't you get 5 Solana after you are staking it for a year?

Honestly, I'm not staking Solana. I prefer to stake BNB or ETH, I think these coins are most recommended for staking. But because we are in the bullish season, I don't want to stake for a long time because I may sell them at any time. So, I just stake for few months.

I have four coins. 1 is at coinbase. the other three are in my helium wallet.

I mine around 50-100 cents in usd a day. i get IOT which I have been exchanging into Solana.
Title: Re: Are you stacking solana?
Post by: bitterguy28 on March 05, 2024, 07:59:47 AM
Well so far so good on Solana. UP OVER 30%.

My 4 coins are now over $520  value.

Continued to increase mate and maybe that 520$ is running 600$ as Solana still increasing

https://coinmarketcap.com/currencies/solana/

Have earned 16% now from the day I purchased recently so I will keep holding my coin at least till next year.
Title: Re: Are you stacking solana?
Post by: bisdak40 on March 05, 2024, 09:20:24 AM
Have earned 16% now from the day I purchased recently so I will keep holding my coin at least till next year.

Though Solana is increasing its value but i think it will still surge and i'm planning to but 1 solana.

Just one question mate, what's your advise on where to store Solana or what wallet where to store them?
Title: Re: Are you stacking solana?
Post by: philipma1957 on March 07, 2024, 05:17:23 AM
I have a helium wallet has 3 coins
I have a coin on coin base
Title: Re: Are you stacking solana?
Post by: salad daging on March 07, 2024, 10:35:57 PM
Just one question mate, what's your advise on where to store Solana or what wallet where to store them?
I use a Phantom wallet to store my Solana there for easier transactions and it's more widely used by most people.

There are many types of Solana wallets but Phantom is the most widely used, you can do it in the browser extension or in the mobile app.

Never store assets on the exchange is the most important thing.
Title: Re: Are you stacking solana?
Post by: TopT3ns on March 10, 2024, 05:28:23 PM
I use a Phantom wallet to store my Solana there for easier transactions and it's more widely used by most people.

There are many types of Solana wallets but Phantom is the most widely used, you can do it in the browser extension or in the mobile app.

Never store assets on the exchange is the most important thing.
Yes, you are right, as you said, currently Solana is starting a lot of development and Phantom is still the best wallet for Solana because it is quite easy to use. Meanwhile, storing assets on an exchange seems to have risks, but if you have very few assets then There is no problem if you immediately choose a safe exchange such as Binance to store there.
Title: Re: Are you stacking solana?
Post by: salad daging on March 10, 2024, 07:30:50 PM
I use a Phantom wallet to store my Solana there for easier transactions and it's more widely used by most people.

There are many types of Solana wallets but Phantom is the most widely used, you can do it in the browser extension or in the mobile app.

Never store assets on the exchange is the most important thing.
Yes, you are right, as you said, currently Solana is starting a lot of development and Phantom is still the best wallet for Solana because it is quite easy to use. Meanwhile, storing assets on an exchange seems to have risks, but if you have very few assets then There is no problem if you immediately choose a safe exchange such as Binance to store there.
Solana is mostly used as a non-custodial wallet where they have their own control over their assets.

I have seen on twitter where there is a case of more than 2 btc assets lost due to his own carelessness so there are those who conclude he is using APY which is not responsible for the creator so this will be very terrible to store assets on the exchange.

Yes, small assets are fine but don't make it a habit to store them there, it's better in your own wallet without any third parties.
Title: Re: Are you stacking solana?
Post by: bitterguy28 on March 11, 2024, 06:46:39 AM
Have earned 16% now from the day I purchased recently so I will keep holding my coin at least till next year.

Though Solana is increasing its value but i think it will still surge and i'm planning to but 1 solana.

Just one question mate, what's your advise on where to store Solana or what wallet where to store them?
I have mine in Exodus mate as I find it more compliant and have been hearing good for Altcoin holding

https://coinmarketcap.com/currencies/solana/

yu should buy now mate while it is very cheap as a lot of good things around solana network expect the growth anytime sooner .

starting from 1 solana i good enough and just add from time to time .
Title: Re: Are you stacking solana?
Post by: bisdak40 on March 11, 2024, 09:01:04 AM
Have earned 16% now from the day I purchased recently so I will keep holding my coin at least till next year.

Though Solana is increasing its value but i think it will still surge and i'm planning to but 1 solana.

Just one question mate, what's your advise on where to store Solana or what wallet where to store them?
I have mine in Exodus mate as I find it more compliant and have been hearing good for Altcoin holding

https://coinmarketcap.com/currencies/solana/

yu should buy now mate while it is very cheap as a lot of good things around solana network expect the growth anytime sooner .

starting from 1 solana i good enough and just add from time to time .

Thanks for the answer mate, yeah i plan to buy Solana maybe next week when my funds is ready hehe.

One question, is the transaction fee of the Solana network cheap? I have not tried this network before.
Title: Re: Are you stacking solana?
Post by: Crwth on March 11, 2024, 03:24:39 PM
Have earned 16% now from the day I purchased recently so I will keep holding my coin at least till next year.

Though Solana is increasing its value but i think it will still surge and i'm planning to but 1 solana.

Just one question mate, what's your advise on where to store Solana or what wallet where to store them?
I have mine in Exodus mate as I find it more compliant and have been hearing good for Altcoin holding

https://coinmarketcap.com/currencies/solana/

yu should buy now mate while it is very cheap as a lot of good things around solana network expect the growth anytime sooner .

starting from 1 solana i good enough and just add from time to time .

Thanks for the answer mate, yeah i plan to buy Solana maybe next week when my funds is ready hehe.

One question, is the transaction fee of the Solana network cheap? I have not tried this network before.
It is very cheap. Especially compared to the ETH with the high gas fees for the swaps etc. I have tried recently trading in JUP station and just tried and have positions with my current trades and it is just dirt cheap. It's definitely a better solution with all those expensive gas fees.

Not that it could completely replace ETH but it's definitely one of the things that would go along with it and maybe surpass one day.
Title: Re: Are you stacking solana?
Post by: bisdak40 on March 12, 2024, 08:31:37 AM
Have earned 16% now from the day I purchased recently so I will keep holding my coin at least till next year.

Though Solana is increasing its value but i think it will still surge and i'm planning to but 1 solana.

Just one question mate, what's your advise on where to store Solana or what wallet where to store them?
I have mine in Exodus mate as I find it more compliant and have been hearing good for Altcoin holding

https://coinmarketcap.com/currencies/solana/

yu should buy now mate while it is very cheap as a lot of good things around solana network expect the growth anytime sooner .

starting from 1 solana i good enough and just add from time to time .

Thanks for the answer mate, yeah i plan to buy Solana maybe next week when my funds is ready hehe.

One question, is the transaction fee of the Solana network cheap? I have not tried this network before.
It is very cheap. Especially compared to the ETH with the high gas fees for the swaps etc. I have tried recently trading in JUP station and just tried and have positions with my current trades and it is just dirt cheap. It's definitely a better solution with all those expensive gas fees.

Not that it could completely replace ETH but it's definitely one of the things that would go along with it and maybe surpass one day.

Thanks for this additional input about the transaction fee of Solana network kabayan, now i know that sending Sol to another wallet is just cheap as i initially thought that it is a fixed fee of 0.02 Sol hehe.
Title: Re: Are you stacking solana?
Post by: jamadrianne on March 27, 2024, 04:33:38 PM
Actually, I'm already late for stacking Solana. There was a time when it is just $8 and now I'm already left behind. I will just wait for a good opportunity again
Title: Re: Are you stacking solana?
Post by: Phylum1020 on March 29, 2024, 02:54:19 AM
I've been holding solana quite awhile now and it's very rewarding for me. It has big potential in the future. Some new projects been partnered and trusted solana and launched under solana ecosystem. And even their solana mobile which I think gave big impact to them.

So, for the question am I stacking solana? Sure did! And will continue.
Title: Re: Are you stacking solana?
Post by: rdluffy on March 29, 2024, 01:26:18 PM
Actually, I'm already late for stacking Solana. There was a time when it is just $8 and now I'm already left behind. I will just wait for a good opportunity again

It's not a financial advise, but anyone who didn't buy SOL at 8 USD probably won't be able to buy it again
The price reached a very low level because of the collapse of FTX and most people (including me) thought the coin could go to zero
Thankfully, I still managed to hold on to some coins during the bear market, but I didn't buy any more either

When the price drops, people are usually afraid to buy
Title: Re: Are you stacking solana?
Post by: IvugeoEvolutionCoin on March 30, 2024, 11:12:07 PM
Actually, I'm already late for stacking Solana. There was a time when it is just $8 and now I'm already left behind. I will just wait for a good opportunity again
A good opportunity will not come a second time, it is impossible for Solana's price to reach $8 again because Solana's support is very high and has high demand so you can only enter when the price is high enough like it is now.
Title: Re: Are you stacking solana?
Post by: gunhell16 on April 12, 2024, 02:21:57 PM
I am slowly stacking Solana.

I plan to get to 5 solana from my current stack by the end of this year.

I have under 3 solana.

I believe that Solana is a big five year stack and hold coin.

So far I do it via my hotspot miner.

I convert my earnings in IOT into Soloana.

It means that you really saw good potential and development in him, and the community also clearly saw Solana's performance in the short period of time that ended recently, right?

I also have SOL; before, I didn't pay much attention to it, but I didn't expect it to suddenly rally in the market, and under its network, there are also some utilities that also made noise, and many people supported it, and the majority was also filled with hope.
Title: Re: Are you stacking solana?
Post by: UNIVERSE on April 12, 2024, 11:58:58 PM
Unfortunately not. In fact, I only have a small amount of Solana and the price has skyrocketed. Not only that, with the little Solana I have, it seems less effective and promising for staking. The results were quite small.

But indeed, if SOL holders really have a lot, then that will really help them to get significant results, it's just a matter of how they find a way and also how good the results are. It would be quite tempting to have more Solana.
Title: Re: Are you stacking solana?
Post by: pacar_tiri on April 13, 2024, 06:53:45 AM
Unfortunately not. In fact, I only have a small amount of Solana and the price has skyrocketed. Not only that, with the little Solana I have, it seems less effective and promising for staking. The results were quite small.

But indeed, if SOL holders really have a lot, then that will really help them to get significant results, it's just a matter of how they find a way and also how good the results are. It would be quite tempting to have more Solana.
It's better to wait until you have a very large amount of Solana to get maximum profit. As long as the Solana you have is less than 50 Solana then it's better to keep collecting more first. Once collected, we can stake and enjoy passive income from your Solana staking.
Title: Re: Are you stacking solana?
Post by: philipma1957 on April 13, 2024, 06:03:28 PM
I purchased a coin today. I will keep stacking.
Title: Re: Are you stacking solana?
Post by: rdluffy on April 15, 2024, 08:24:10 PM
I purchased a coin today. I will keep stacking.

I came here to post the exact same thing hehehe, bought some SOL in this dip, but I don't know how low the coin will go
I don't have much more fiat or USDT to buy more
Title: Re: Are you stacking solana?
Post by: Wiseman on April 16, 2024, 07:47:03 AM
I am slowly stacking Solana.
I convert my earnings in IOT into Soloana.

In fact, this is a good decision to fold the salon because it is a very promising blockchain, plus it is very popular. And as we see, during the year the salon has increased fivefold and I think that for her this is far from the limit and we can see an increase by several more times.
Title: Re: Are you stacking solana?
Post by: philipma1957 on April 17, 2024, 02:56:23 AM
I am slowly stacking Solana.
I convert my earnings in IOT into Soloana.

In fact, this is a good decision to fold the salon because it is a very promising blockchain, plus it is very popular. And as we see, during the year the salon has increased fivefold and I think that for her this is far from the limit and we can see an increase by several more times.

yeah the solana stack has grown to 12+
Title: Re: Are you stacking solana?
Post by: Wiseman on April 17, 2024, 07:41:47 AM
I am slowly stacking Solana.
I convert my earnings in IOT into Soloana.

In fact, this is a good decision to fold the salon because it is a very promising blockchain, plus it is very popular. And as we see, during the year the salon has increased fivefold and I think that for her this is far from the limit and we can see an increase by several more times.

yeah the solana stack has grown to 12+

Judging by the capitalization of more than 60 billion, I don’t think we should be surprised by these figures, a lot of people are now investing in Solana, including all of Asia is investing in savannah, this is a very good investment opportunity
Title: Re: Are you stacking solana?
Post by: philipma1957 on April 17, 2024, 04:28:49 PM
I am slowly stacking Solana.
I convert my earnings in IOT into Soloana.

In fact, this is a good decision to fold the salon because it is a very promising blockchain, plus it is very popular. And as we see, during the year the salon has increased fivefold and I think that for her this is far from the limit and we can see an increase by several more times.

yeah the solana stack has grown to 12+

Judging by the capitalization of more than 60 billion, I don’t think we should be surprised by these figures, a lot of people are now investing in Solana, including all of Asia is investing in savannah, this is a very good investment opportunity

yeah i will be getting more soon.
Title: Re: Are you stacking solana?
Post by: Wiseman on April 18, 2024, 08:44:33 AM
I am slowly stacking Solana.
I convert my earnings in IOT into Soloana.

In fact, this is a good decision to fold the salon because it is a very promising blockchain, plus it is very popular. And as we see, during the year the salon has increased fivefold and I think that for her this is far from the limit and we can see an increase by several more times.

yeah the solana stack has grown to 12+

Judging by the capitalization of more than 60 billion, I don’t think we should be surprised by these figures, a lot of people are now investing in Solana, including all of Asia is investing in savannah, this is a very good investment opportunity
yeah i will be getting more soon.

I want to raise the issue of investing in token solana, you should not invest in any one coin, even if it is Bitcoin. Although Bitcoin is more reliable than in solana, it is better to distribute investment money over several assets to minimize risks and possibly earn more.
Title: Re: Are you stacking solana?
Post by: EthereumDev_ on April 20, 2024, 05:54:12 AM
I want to raise the issue of investing in tokenselana, you should not invest in any one coin, even if it is Bitcoin. Although Bitcoin is more reliable than in solana, it is better to distribute investment money over several assets to minimize risks and possibly earn more.
Of course Bitcoin will still be the best than the altcoins you mentioned like Solana and it won't last as long as bitcoin. In terms of supply, price and demand between Bitcoin and Solana are very different.
Title: Re: Are you stacking solana?
Post by: Wiseman on April 20, 2024, 06:34:54 AM
I want to raise the issue of investing in tokenselana, you should not invest in any one coin, even if it is Bitcoin. Although Bitcoin is more reliable than in solana, it is better to distribute investment money over several assets to minimize risks and possibly earn more.
Of course Bitcoin will still be the best than the altcoins you mentioned like Solana and it won't last as long as bitcoin. In terms of supply, price and demand between Bitcoin and Solana are very different.

Yes, many more people know Bitcoin and many more people hold it in their hands, I also think that the most stable thing is Bitcoin and it will always exist, this is a priori, I can’t say anything about Solana yet and I can’t speak badly about it either like this is a very new blockchain.
Title: Re: Are you stacking solana?
Post by: rdluffy on April 20, 2024, 10:31:13 PM
I want to raise the issue of investing in tokenselana, you should not invest in any one coin, even if it is Bitcoin. Although Bitcoin is more reliable than in solana, it is better to distribute investment money over several assets to minimize risks and possibly earn more.

What would this tokenselana be?
Is it something I don't know, or was it a typo?
Title: Re: Are you stacking solana?
Post by: LogitechMouse on April 21, 2024, 12:01:18 AM
Quote
Re: Are you stacking solana?
I picked "I may start soon" but TBH, I might buy this coin during the bear market and not now.

The coin has been the narrative for months leading to many projects being created under the SOL blockchain. I don't know, but I'm not hearing any outages on the project anymore so that's a good sign plus it's been on the top 10 for quite some time as well. For me, it's a good long term token to hold. It's just that, we are nearing the bull run already and in terms of profit, I might not as much profit as I want compared to investing in other altcoins out there, so I will just buy this when we enter the bear market and will hold until the next bull run. :)
Title: Re: Are you stacking solana?
Post by: Wiseman on April 21, 2024, 08:13:36 AM
I want to raise the issue of investing in tokenselana, you should not invest in any one coin, even if it is Bitcoin. Although Bitcoin is more reliable than in solana, it is better to distribute investment money over several assets to minimize risks and possibly earn more.

What would this tokenselana be?
Is it something I don't know, or was it a typo?

Naturally, this is a typo, you could just guess that tokenselana, this is a Solana token because this is a thread about Solana, I don’t think it was worth picking on my mistakes, I corrected them of course, but many people make mistakes here and I think that’s okay because many people write here not in our native language and plus we are not at school in an English lesson.
Title: Re: Are you stacking solana?
Post by: rdluffy on April 21, 2024, 01:45:24 PM
I want to raise the issue of investing in tokenselana, you should not invest in any one coin, even if it is Bitcoin. Although Bitcoin is more reliable than in solana, it is better to distribute investment money over several assets to minimize risks and possibly earn more.

What would this tokenselana be?
Is it something I don't know, or was it a typo?

Naturally, this is a typo, you could just guess that tokenselana, this is a Solana token because this is a thread about Solana, I don’t think it was worth picking on my mistakes, I corrected them of course, but many people make mistakes here and I think that’s okay because many people write here not in our native language and plus we are not at school in an English lesson.

Don't get me wrong my friend, I only asked a question because there are so many projects and so many tokens, that I was curious to ask, sorry if it seemed like I tried to correct you

I'll give you an example, there's a project called Cellana, when I saw it I thought it was a clone of Solana, or a memecoin, but it's a real project
I've never tried to correct you for any English mistakes because I make a lot of mistakes myself
Title: Re: Are you stacking solana?
Post by: Wiseman on April 22, 2024, 07:35:56 AM
I want to raise the issue of investing in tokenselana, you should not invest in any one coin, even if it is Bitcoin. Although Bitcoin is more reliable than in solana, it is better to distribute investment money over several assets to minimize risks and possibly earn more.

What would this tokenselana be?
Is it something I don't know, or was it a typo?

Naturally, this is a typo, you could just guess that tokenselana, this is a Solana token because this is a thread about Solana, I don’t think it was worth picking on my mistakes, I corrected them of course, but many people make mistakes here and I think that’s okay because many people write here not in our native language and plus we are not at school in an English lesson.

Don't get me wrong my friend, I only asked a question because there are so many projects and so many tokens, that I was curious to ask, sorry if it seemed like I tried to correct you

I'll give you an example, there's a project called Cellana, when I saw it I thought it was a clone of Solana, or a memecoin, but it's a real project
I've never tried to correct you for any English mistakes because I make a lot of mistakes myself

Thank you bro for writing this, it’s good that we have a very understanding and friendly community, yes, I believe you, there are many such projects that are very similar in name and it’s better to always know about them and not confuse them with real ones.
Title: Re: Are you stacking solana?
Post by: Blaze on April 23, 2024, 06:42:46 AM
Thank you bro for writing this, it’s good that we have a very understanding and friendly community, yes, I believe you, there are many such projects that are very similar in name and it’s better to always know about them and not confuse them with real ones.
That's right, it's true that in our life as humans we have to have the nature of helping each other and being creatures that are useful to many people. So we must always do good and never try to lead people into something that is not good.
Title: Re: Are you stacking solana?
Post by: Wiseman on April 23, 2024, 07:40:25 AM
Thank you bro for writing this, it’s good that we have a very understanding and friendly community, yes, I believe you, there are many such projects that are very similar in name and it’s better to always know about them and not confuse them with real ones.
That's right, it's true that in our life as humans we have to have the nature of helping each other and being creatures that are useful to many people. So we must always do good and never try to lead people into something that is not good.

Yes, you are right, even just because we are here, this place is a forum created to help each other and not just to write some messages about the fact. Any person can come here to read and ask a question to any of us and I am sure that Anyone will help him.
Title: Re: Are you stacking solana?
Post by: bitterguy28 on April 23, 2024, 08:54:09 AM
Looking at the votes now , seems like the community is still confused about what to act towards Solana because its tied each by 4 , the total 12 votes means there are no complete winner up to now.
wondering what will be the faith of Solana now, this 3rd quarter  as the halving is starting to take effect in the prices of the market now.
Title: Re: Are you stacking solana?
Post by: EthereumDev_ on April 24, 2024, 10:29:11 AM
Yes, you are right, even just because we are here, this place is a forum created to help each other and not just to write some messages about the fact. Any person can come here to read and ask a question to any of us and I am sure that Anyone will help him.
That is why this forum is liked by many people, the friendliness of all users of this forum can be a good future because it will give this forum a long life and provide excellent insight for users who have just come and created an account on this forum.
Title: Re: Are you stacking solana?
Post by: Metha Wulandarin on April 25, 2024, 04:58:26 AM
I started staking Solana although not up to 1SOL but for me this is not bad at least there is a little income, later if Solana experiences another decline I have plans to increase it again
Title: Re: Are you stacking solana?
Post by: TopT3ns on April 26, 2024, 03:57:18 AM
I started staking Solana although not up to 1SOL but for me this is not bad at least there is a little income, later if Solana experiences another decline I have plans to increase it again
In my opinion, staking Solana when the price is high is not a good thing, but when you are trapped at a high price and the Solana price has fallen very deeply then the staking method is better and safer because it will still give you interest on the capital you use.
Title: Re: Are you stacking solana?
Post by: Wiseman on April 26, 2024, 07:47:28 AM
Yes, you are right, even just because we are here, this place is a forum created to help each other and not just to write some messages about the fact. Any person can come here to read and ask a question to any of us and I am sure that Anyone will help him.
That is why this forum is liked by many people, the friendliness of all users of this forum can be a good future because it will give this forum a long life and provide excellent insight for users who have just come and created an account on this forum.

Yes, you are right, everyone likes this forum because it is friendly and they don’t like upstarts, like for example on the Bitcoin Expert forum when some people can simply write an angry message simply because you wrote something that someone else already wrote before,
By the way, I noticed that you do not publish the answers correctly, your messages turn out to be merged, practice and see how others do it, otherwise at first it is not clear whether this is your publication or mine.
Title: Re: Are you stacking solana?
Post by: dekafee79 on April 26, 2024, 09:51:38 PM
I started staking Solana although not up to 1SOL but for me this is not bad at least there is a little income, later if Solana experiences another decline I have plans to increase it again
In my opinion, staking Solana when the price is high is not a good thing, but when you are trapped at a high price and the Solana price has fallen very deeply then the staking method is better and safer because it will still give you interest on the capital you use.
If you are afraid of getting caught in a high price, buy Solana when the price is really low. When is the best time to buy solana? I think last year was the best time to buy Solana. currently we can buy it, but for the short term, because the price will fluctuate for the next two months
Title: Re: Are you stacking solana?
Post by: TopT3ns on April 27, 2024, 07:35:48 AM
If you are afraid of getting caught in a high price, buy Solana when the price is really low. When is the best time to buy solana? I think last year was the best time to buy Solana. currently we can buy it, but for the short term, because the price will fluctuate for the next two months
Unfortunately, no one knows when the price of Solana will fall again, because so far the price of Solana has been too high. Maybe we have to wait for the bearish season and make the price of Solana drop to a cheap price. That way we can buy as much Soala as possible.
Title: Re: Are you stacking solana?
Post by: dekafee79 on April 27, 2024, 02:57:32 PM
If you are afraid of getting caught in a high price, buy Solana when the price is really low. When is the best time to buy solana? I think last year was the best time to buy Solana. currently we can buy it, but for the short term, because the price will fluctuate for the next two months
Unfortunately, no one knows when the price of Solana will fall again, because so far the price of Solana has been too high. Maybe we have to wait for the bearish season and make the price of Solana drop to a cheap price. That way we can buy as much Soala as possible.
The best time to buy coins is the bearish season. If you are waiting for the Solana price to fall and it is safe to buy, just wait for the bearish season. Who knows, there will be a bearish season this year before the bullish season at the end of this year.
Title: Re: Are you stacking solana?
Post by: Metha Wulandarin on April 27, 2024, 07:15:36 PM
I started staking Solana although not up to 1SOL but for me this is not bad at least there is a little income, later if Solana experiences another decline I have plans to increase it again
In my opinion, staking Solana when the price is high is not a good thing, but when you are trapped at a high price and the Solana price has fallen very deeply then the staking method is better and safer because it will still give you interest on the capital you use.
Maybe later I will release bets if the Altcoin season comes and will come back again after the Altcoin season ends, now crypto is unstable and now I am thinking of ways to avoid losing a lot of money.
Title: Re: Are you stacking solana?
Post by: IvugeoEvolutionCoin on April 28, 2024, 07:54:27 PM
I started staking Solana although not up to 1SOL but for me this is not bad at least there is a little income, later if Solana experiences another decline I have plans to increase it again
In my opinion, staking Solana when the price is high is not a good thing, but when you are trapped at a high price and the Solana price has fallen very deeply then the staking method is better and safer because it will still give you interest on the capital you use.
Maybe later I will release bets if the Altcoin season comes and will come back again after the Altcoin season ends, now crypto is unstable and now I am thinking of ways to avoid losing a lot of money.
That seems like a pretty good idea since not many people are betting on altcoin season so far. Usually the altcoin season will occur when the price of bitcoin falls quickly and makes Altcoins rise.
Title: Re: Are you stacking solana?
Post by: JISAN on April 28, 2024, 08:54:23 PM
I started staking Solana although not up to 1SOL but for me this is not bad at least there is a little income, later if Solana experiences another decline I have plans to increase it again
SOL staking rewards are not very high. so nothing good can be gained from sol through staking. But if you invest in sol for long term then you can staking them. Because you won't sell them, you can raise some sol by staking. But staking is also very risky.  Staking means putting your sol under someone else's control, so since you don't have control over that sol, they are at a higher risk. so I'm not too keen on staking
Title: Re: Are you stacking solana?
Post by: Metha Wulandarin on April 28, 2024, 11:35:18 PM
I started staking Solana although not up to 1SOL but for me this is not bad at least there is a little income, later if Solana experiences another decline I have plans to increase it again
SOL staking rewards are not very high. so nothing good can be gained from sol through staking. But if you invest in sol for long term then you can staking them. Because you won't sell them, you can raise some sol by staking. But staking is also very risky.  Staking means putting your sol under someone else's control, so since you don't have control over that sol, they are at a higher risk. so I'm not too keen on staking
Everything has its own risks if you are not ready to accept the risks, it is better not to try it.
Staking at any time and on any network all have their own terms and conditions, holding soles in the wallet without doing anything also has risks such as lost private keys or wallet theft etc.
Title: Re: Are you stacking solana?
Post by: JISAN on April 29, 2024, 08:31:53 AM
I started staking Solana although not up to 1SOL but for me this is not bad at least there is a little income, later if Solana experiences another decline I have plans to increase it again
SOL staking rewards are not very high. so nothing good can be gained from sol through staking. But if you invest in sol for long term then you can staking them. Because you won't sell them, you can raise some sol by staking. But staking is also very risky.  Staking means putting your sol under someone else's control, so since you don't have control over that sol, they are at a higher risk. so I'm not too keen on staking
Everything has its own risks if you are not ready to accept the risks, it is better not to try it.
Staking at any time and on any network all have their own terms and conditions, holding soles in the wallet without doing anything also has risks such as lost private keys or wallet theft etc.
Yes of course if one is not risk averse one should not invest in any cryptocurrency coin I believe in this statement. But when we invest in crypto here we are at risk but also when we are staking it will increase our risk a bit more. so one should decide whether to stake or not according to one's risk tolerance. Staking is profitable on the one hand and somewhat risky on the other.
Title: Re: Are you stacking solana?
Post by: gunhell16 on April 29, 2024, 03:07:20 PM
I don't plan to accumulate Solana long term but I myself have bought 3.5 Solana for the purposes of the ecosystem that exists in the Solana network because for me there the ecosystem grows faster by being able to generate airdrops and I myself hunt for that to buy solana.

What do I do with Soalana? Staking/Add Liquidity/Borrow/Lend and trying out some of the NFT markets that exist on this network because according to what I analyzed it has potential for the future.

But if it's for investment then it's a NO.

Funny we have just about the same amount of solana. I have 3.99

I earn IOT with my hotspot miner and I do not hodl it. I convert it to solana.

I'm just curious dude, what is this hotspot miner you are referring to? is this the Helium miner you are talking about? I'm just asking, doesn't it cost electricity? How much is it costing if I try to do the same?

It's just as good to do it, and it seems that the strategy you're doing is also okay that you're selling the Solana that you earn there from mining. Thank you for answering my question. Have a good day ;)
Title: Re: Are you stacking solana?
Post by: Metha Wulandarin on April 29, 2024, 06:58:26 PM
Yes of course if one is not risk averse one should not invest in any cryptocurrency coin I believe in this statement. But when we invest in crypto here we are at risk but also when we are staking it will increase our risk a bit more. so one should decide whether to stake or not according to one's risk tolerance. Staking is profitable on the one hand and somewhat risky on the other.
The disadvantage for someone who stakes when the price of the coin they use for staking has decreased, if you don't want to lose, you can stake with stable coins such as USDT and USDC but you must have a large capital because most of the interest offered is very little.
Title: Re: Are you stacking solana?
Post by: bitterguy28 on May 01, 2024, 07:59:12 AM
If you are afraid of getting caught in a high price, buy Solana when the price is really low. When is the best time to buy solana? I think last year was the best time to buy Solana. currently we can buy it, but for the short term, because the price will fluctuate for the next two months
Unfortunately, no one knows when the price of Solana will fall again, because so far the price of Solana has been too high. Maybe we have to wait for the bearish season and make the price of Solana drop to a cheap price. That way we can buy as much Soala as possible.

but is this a TOO HIGH price for Solana now mate ?

https://coinmarketcap.com/currencies/solana/ because I believe that this is even half of the recent price above 200$?

anyway I care nothing about this fall because I am waiting for the lowest to purchase again anytime soon.

stacking SOlana is the best way to deal with this promising top coin.
Title: Re: Are you stacking solana?
Post by: pacar_tiri on May 02, 2024, 05:14:00 AM
If you are afraid of getting caught in a high price, buy Solana when the price is really low. When is the best time to buy solana? I think last year was the best time to buy Solana. currently we can buy it, but for the short term, because the price will fluctuate for the next two months
Unfortunately, no one knows when the price of Solana will fall again, because so far the price of Solana has been too high. Maybe we have to wait for the bearish season and make the price of Solana drop to a cheap price. That way we can buy as much Soala as possible.

but is this a TOO HIGH price for Solana now mate ?

https://coinmarketcap.com/currencies/solana/ because I believe that this is even half of the recent price above 200$?

anyway I care nothing about this fall because I am waiting for the lowest to purchase again anytime soon.

stacking SOlana is the best way to deal with this promising top coin.
Currently the price of Solana is still high and we have to wait for the price of Solana to fall to buy it. If in the near future you can get the cheapest price from Solana then you can immediately buy as much as you can. So far Solana is still in the development process so if you want to collect a large amount of Solana then it is a very smart choice.
Title: Re: Are you stacking solana?
Post by: ChaseWalsh on May 06, 2024, 03:29:39 AM
Stacking and hodling SOL has been quite the adventure.
Title: Re: Are you stacking solana?
Post by: MRY on May 06, 2024, 09:31:58 AM
Stacking and hodling SOL has been quite the adventure.
That's right, currently the price of Solana is still quite cheap and very suitable for storing in very large quantities because there is a possibility that the price of Solana will have the same price as the price of BNB. The demand for Solana in the market is very high so it will have a good impact on the price of Solana in future.
Title: Re: Are you stacking solana?
Post by: Metha Wulandarin on May 06, 2024, 06:32:23 PM
Currently the price of Solana is still high and we have to wait for the price of Solana to fall to buy it. If in the near future you can get the cheapest price from Solana then you can immediately buy as much as you can. So far Solana is still in the development process so if you want to collect a large amount of Solana then it is a very smart choice.
Maybe from now until the Altcoin season starts the Solana price will not be below $100 if you want to buy Solana below the price of $100, you may have to wait a long time until the Altcoin season ends as happened in 2021.
Title: Re: Are you stacking solana?
Post by: TopT3ns on May 08, 2024, 06:55:48 PM
Currently the price of Solana is still high and we have to wait for the price of Solana to fall to buy it. If in the near future you can get the cheapest price from Solana then you can immediately buy as much as you can. So far Solana is still in the development process so if you want to collect a large amount of Solana then it is a very smart choice.
Maybe from now until the Altcoin season starts the Solana price will not be below $100 if you want to buy Solana below the price of $100, you may have to wait a long time until the Altcoin season ends as happened in 2021.
Exactly, Solana currently has very strong support, many of those who usually use Ethereum and BSC when making transactions are now starting to join the Solana network. Solana is proven to have a fairly high transaction network, so many people make transactions on Solana.
Title: Re: Are you stacking solana?
Post by: philipma1957 on May 08, 2024, 08:04:22 PM
I will add some Solana as I am stacking it.
Title: Re: Are you stacking solana?
Post by: Metha Wulandarin on May 08, 2024, 09:54:09 PM
Exactly, Solana currently has very strong support, many of those who usually use Ethereum and BSC when making transactions are now starting to join the Solana network. Solana is proven to have a fairly high transaction network, so many people make transactions on Solana.
Yes you are right, although there are still many projects that are built on the Ethereum and BSC networks, now many people are starting to switch to Solana because on the Solana Network there are now many projects that provide points for their users and the points will later be converted to tokens from the project itself.