How long will the current Solana craze continue?

[Joseph Lee]

 
The hype is currently centered around Sol chain. Not only are we witnessing a significant increase in the number of developers utilizing the chain, but we are also observing a substantial surge in activity levels. Almost everyone is looking to be part of this trend. It's no wonder that major platforms like Binance, KuCoin, and Bybit are hosting various Solana-themed events. I recently stumbled upon one organized by Bitget highlighting 5 major tokens on the chain - $Bome, $Jto, $Jup, $Ponk, and of course $Sol itself.

It's uncertain how long this heightened activity will last, but one thing is certain - the resulting momentum is just what the crypto community currently needs. Just make sure to stay sharp and ensure security always folks.

May the force be with you.

[ShadowCrypto]

TBH not much this time, I think the market will make a good correction, which means more opportunity for a good price, It doesn't mean it will back to 30$, but maybe 100$ again before it pumps again.

[MrSpasybo]

TBH not much this time, I think the market will make a good correction, which means more opportunity for a good price, It doesn't mean it will back to 30$, but maybe 100$ again before it pumps again.

Solana's return was very impressive and exceeded many people's expectations, even when SOL reached $100, skepticism still existed. Now skepticism has turned into optimism and the number of users + Dapps + new projects is continuously increasing, making Solana the most prominent blockchain in 2023.

We are only at the beginning of the bullrun, Solana's growth potential is still huge, I can't predict the price zone where SOL may have to return to retest, but it is believed that SOL will create a new ATH in this cycle. MM has accumulated a lot of SOL at the bottom, they will not let the SOL price fall too deeply and allow investors to easily buy SOL at low prices.

[philipma1957]

It did reach around 200. But its lower now.

I am hoping for a strong rally and maybe $350 or $400 by the winter.

[Wiseman]

I think that Solana has calmed down at the moment and will temporarily not show such upward rallies on the chart, money is not endless and with a general drawdown of the market it is stupid to show growth, Solana will now follow the entire market, but when the shorts change to long, I think Solana should show greater growth than other coins.

[Google+]

It did reach around 200. But its lower now.

I am hoping for a strong rally and maybe $350 or $400 by the winter.

This is a correction caused by the collapse of the Bitcoin price which ultimately had a negative impact on Solana. Apart from that, Solana is no longer as hype as it was a few days ago, many people are contributing to new projects based on the Solana network, making them buy Solana in very large amounts. a lot and makes the price of Solana always go up when the price is high.

[damsix]

I recently stumbled upon one organized by Bitget highlighting 5 major tokens on the chain - $Bome, $Jto, $Jup, $Ponk, and of course $Sol itself.

Don't forget that Solana has a DEX and is very used for the SOLANA coin market which can be exchanged for tokens from SOLANA coins.
Raydium, please check the references for better information, it's here --> https://coinmarketcap.com/currencies/raydium/

Raydium has a very strategic position to be able to continue on the blockchain from Solana coins because every time we want to trade tokens from Solana coins we definitely need DEX Raydium.
We can also compare with Pancakeswap for Binance Smart Chain or UNIswap for Ethereum, meaning the comparison is the dominant DEX for these native coins which are often used.

It's uncertain how long this heightened activity will last, but one thing is certain - the resulting momentum is just what the crypto community currently needs. Just make sure to stay sharp and ensure security always folks.

So far, the SOLANA coin has very strong hype and has full support from all communities, just look at the market, there are so many Airdrop tokens from the SOLANA coin and provide many benefits to those who participate.
Unfortunately, I don't like that the SOLANA coin has a blockchain that goes down/down within a few hours. This is very scary if I have a lot of SOLANA coins while the blockchain goes down/dead then I can't trade it, especially trading on the DEX platform.

[Crwth]

I have recently found myself in a SOL trading platform where you could launch a meme token every time and I believe that it's why there is a lot of traction in SOL. It's cheap and amazing to use just because you can transact fast.

I'm curious as to other people's experience.

[philipma1957]

I have recently found myself in a SOL trading platform where you could launch a meme token every time and I believe that it's why there is a lot of traction in SOL. It's cheap and amazing to use just because you can transact fast.

I'm curious as to other people's experience.

All my solana has come from my helium hotspot miner. I traded almost all of my HNT and IOT for solana.

[LogitechMouse]

~
It's uncertain how long this heightened activity will last, but one thing is certain - the resulting momentum is just what the crypto community currently needs. Just make sure to stay sharp and ensure security always folks.

May the force be with you.

It's been months since Solana has became the main topic online. It's been months since Solana has been the most popular coin and because of that, many new projects are being created on their blockchain.

Well, there will be new projects that will be created there that will develop, and will stay for a long time. Maybe JUP and JITO are 2 of them, but who knows, maybe some other meme coin like BONK and WIF will stay and develop their project. On the other hand, there will be scammers who will take the opportunity of the hype by creating a project under SOL blockchain, and will rug pull investors. As for how long will this last, I don't think that this will end soon. Maybe when Solana experience another outage again like what happened in the past. Maybe not.

[salad daging]

As long as the bullish phase continues, the Solana hype will definitely continue because what I researched now is that Solana-based projects continue to emerge with large funding, this is an opportunity for those Solana fans and have more interaction there.

As we know where this madness will end then bearish will come all coins will experience shrinkage but I think now people still continue to believe prices will continue to rise in addition to many nasaries that associate bullish after halving then this will affect all existing altcoins.

[R100K-Martin-Lunger]

I can't say with certainty how long, but it seems to be going strong. A 4.2% growth today! I mean I understand the craze - super fast transaction, eco-friendly mining, low fees, and a pretty awesome DeFi scene.

[Gurujebs]

It's uncertain how long this heightened activity will last, but one thing is certain - the resulting momentum is just what the crypto community currently needs. Just make sure to stay sharp and ensure security always folks.

May the force be with you.

If the demand keep coming, you should expect more buy. As long as people are willing to buy, expect the craziness to continue and also expect more of the meme coins. Where you not here when Doge coin was seen as the next thing after Bitcoin? Even Elon Musk added Doge as part of it Tesla payment option until they later remove it.

People nowadays don't even care about what the project is all about, people want to see profits regardless and it's coming. If there is a trend in crypto, many people will continue to do that until the hype is no longer valid again and that's when they move from there.

[$crypto$]

It's uncertain how long this heightened activity will last, but one thing is certain - the resulting momentum is just what the crypto community currently needs. Just make sure to stay sharp and ensure security always folks.

May the force be with you.

If the demand keep coming, you should expect more buy. As long as people are willing to buy, expect the craziness to continue and also expect more of the meme coins. Where you not here when Doge coin was seen as the next thing after Bitcoin? Even Elon Musk added Doge as part of it Tesla payment option until they later remove it.

People nowadays don't even care about what the project is all about, people want to see profits regardless and it's coming. If there is a trend in crypto, many people will continue to do that until the hype is no longer valid again and that's when they move from there.

Solana is one of the most in demand now, because they provide many benefits to their holders. And the ecosystem within it is no less interesting to invest in. many people don't want to miss out on getting benefits too.

Regarding the question of how long this will last, I don't think anyone knows. What is certain is that during this hype and supported by the bull market I think this will continue. What is clear is that we can also use this to gain profits.

[UNIVERSE]

Unfortunately, the progress of Solana's uptrend movement has recently declined quite a bit. In fact, which is usually not in line with bitcoin, this time the price of Solana also fell quite drastically. While previously SOL reached above $200, currently, it is only moving from $140. Isn't this a great time to buy SOL, right?

I think the Solana craze will not end until the bullish era ends. But apparently, the market will remain like that, never continuing to rise. there will definitely be a down trend, whatever time it is. For this reason, we must be prepared for all possibilities of up or down trends in the coin.