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Cryptocurrency Ecosystem => Solana Forum => Topic started by: Thyplaymaker on December 14, 2023, 11:28:31 PM

Title: Is it still safe to invest on Solano due to its recent price?
Post by: Thyplaymaker on December 14, 2023, 11:28:31 PM
The FOMO is increasing due to Solano recent processing which is at that range of $75.9 we all were aware of the rate Solano as risen. It's started from the price range of $23 at time most people didn't expect Solano to skyrocket the way it did. But at the price I don't know If someone can still partake in the profit if the price going to beat this recent price with a good rate. But the way it's going still got some risen power in it.
Title: Re: Is it still safe to invest on Solano due to its recent price?
Post by: joniboini on December 16, 2023, 01:06:45 PM
Nobody can answer that question for you. It depends on many things including your risk profile. Are you a high-risk high-reward trader, or do you have limited capital? What is your profit target? Whatever your answer is, most of the time you will always need to manage your investment carefully. DCA is probably one of the ways you can accumulate SOL if you consider it a strong project, or just stick with BTC if you don't want to burn your money.

On the other hand, many Solana projects are launching their own token lately. People are speculating that more projects will continue to do so since it is basically easy money for them. Just print some tokens, airdrop them to early adopters, and then sell them in a specific timeframe. You might want to check and look around if airdrop hunting is your thing. It is basically a speculation that needs some capital too, unlike airdrop in the early days.
Title: Re: Is it still safe to invest on Solano due to its recent price?
Post by: MrSpasybo on December 16, 2023, 05:47:48 PM
SOL is one of the strongest rising tokens in the past few weeks, I am really impressed with what Solana has achieved without the backing of FTX like in 2021.
Somehow, money from large institutions is flowing into SOL instead of ETH, perhaps this is creating an impressive price increase to $75 of SOL. I believe that SOL will continue to be a major token in 2025, regardless of the state of the Solana network.
However, from a technical perspective, SOL is at Fibo 0.618 and returns to the important price range of LeadB and the Kumo cloud. I think in the short term SOL will have a slight adjustment so that the price increase of SOL is more sustainable.
In case FOMO continues, we can expect SOL to push up to the $150 price range.

(https://www.tradingview.com/x/RHs5HnL7/)
Title: Re: Is it still safe to invest on Solano due to its recent price?
Post by: Wiseman on December 17, 2023, 07:57:36 AM
SOL is the crypto on which you can not badly earn, and in general it should be kept just on the wallet as its direct competitors, now a lot of distributions on its blockchain and a lot can be bought / sold only having this coin, and it always pleases good growth.
Title: Re: Is it still safe to invest on Solano due to its recent price?
Post by: bayiajaib on January 10, 2024, 10:25:02 AM
Quote from: Thyplaymaker on December 14, 2023, 11:28:31 PM
The FOMO is increasing due to Solano recent processing which is at that range of $75.9 we all were aware of the rate Solano as risen. It's started from the price range of $23 at time most people didn't expect Solano to skyrocket the way it did. But at the price I don't know If someone can still partake in the profit if the price going to beat this recent price with a good rate. But the way it's going still got some risen power in it.

Current price is $ 96, and Solana  ever touched ATH $ 260.
Why we must doubt solana ?
Solana will give us profit this year .
believe it.
Title: Re: Is it still safe to invest on Solano due to its recent price?
Post by: MrSpasybo on January 10, 2024, 03:40:06 PM
Quote from: bayiajaib on January 10, 2024, 10:25:02 AM
Current price is $ 96, and Solana  ever touched ATH $ 260.
Why we must doubt solana ?
Solana will give us profit this year .
believe it.
Yeah, in 2023, SOL received more investment than ETH from funds. I think funds want to build SOL into a serious competitor to ETH in the future. During downtrend, speculators left out of fear, only those who believed in Solana's future continued to stay and accumulate SOL. SOL's growth in the coming bullrun is a worthy reward for all their efforts.

I believe SOL will make a new ATH in 2024 cycle. Even $500 is considered a modest price expectation for SOL  8)
Title: Re: Is it still safe to invest on Solano due to its recent price?
Post by: JahriMeayer on January 11, 2024, 08:29:54 PM
Actually it isn't advised to buy a coin that already in its peak or over priced. So is happened with solana. I saw then it was $20 and about to buy. But i never expect Solano to skyrocket price and hit more than $100 meanwhile. And agreed with op, it still have power to pump more but some experts predicted that, due to solana already have a huge price, it'll hard for it to keep holding. So we may be the price correction soon. And then good to buy
Title: Re: Is it still safe to invest on Solano due to its recent price?
Post by: Thyplaymaker on January 13, 2024, 08:40:09 AM
Quote from: JahriMeayer on January 11, 2024, 08:29:54 PM
Actually it isn't advised to buy a coin that already in its peak or over priced. So is happened with solana. I saw then it was $20 and about to buy. But i never expect Solano to skyrocket price and hit more than $100 meanwhile. And agreed with op, it still have power to pump more but some experts predicted that, due to solana already have a huge price, it'll hard for it to keep holding. So we may be the price correction soon. And then good to buy
yeah you actually right I will just try and hold first till it's do it's correction days back it's dip to the price range of eighty something dollars and rose back to the price range of $100. At this moment they will be alot if fomo initiating
Title: Re: Is it still safe to invest on Solano due to its recent price?
Post by: ajiz138 on January 14, 2024, 12:13:00 AM
Solana's lowest point in early 2023 was around $9 and it has increased 13x if you refer to this year's highest price of $120 then experienced a correction to $95 actually this is still high but it is still difficult to wait for a continuous correction unless there is negative news that has an impact then all coins will follow the same direction.

Don't be fooled by fomo, even though we haven't entered real bullishness yet, you still have anxiety that if you don't buy now, the price will continue to rise, this will clearly annoy you, so far I see Solana's movement is quite good, but you have to be precise in taking good entries.
Title: Re: Is it still safe to invest on Solano due to its recent price?
Post by: zilzylian on January 14, 2024, 09:46:45 AM
Just Hold, Solana has many partners and I am sure the price returns to ATH, at this time the price of sole is $ 103 USD, this situation is due to many things such as new project developers who use JRINGAN SOP This distributes token and registered in Binance
Title: Re: Is it still safe to invest on Solano due to its recent price?
Post by: vegasus on January 14, 2024, 11:41:42 PM
actually the ATH of SOL itself was around $259 back in 2021. So it is possible that, for example, if we invest in SOL for a long-term target or at least to meet the bullish era in the future, maybe we still have that opportunity. Even though the current SOL price has actually risen quite significantly compared to the initial bearish period in the past.

but once again make sure that we don't experience panic or unpreparedness in investing in this coin because no matter what, in the future there will definitely be ups and downs in this price. However, Solana is actually one of the projects that is awaited and promising and can compete with other old projects in the top market.
Title: Re: Is it still safe to invest on Solano due to its recent price?
Post by: jonathancool220 on January 16, 2024, 03:44:03 PM
Quote from: vegasus on January 14, 2024, 11:41:42 PM
actually the ATH of SOL itself was around $259 back in 2021. So it is possible that,
The problem is whether the development of the Solana coin will be serious or not in order to reach the latest All Time High?
If it is not serious then the results will have a negative effect on the Solana coin and the price will not be able to rise to the All Time High.
But if you look at the Solana coin in terms of transactions, it is very fast and can even send tens of thousands of Solana coins in just 1 second, this is the best proof that the Solana coin can reach the All Time High again.
Title: Re: Is it still safe to invest on Solano due to its recent price?
Post by: therozaq on January 17, 2024, 04:28:32 PM
Quote from: Thyplaymaker on December 14, 2023, 11:28:31 PM
The FOMO is increasing due to Solano recent processing which is at that range of $75.9 we all were aware of the rate Solano as risen. It's started from the price range of $23 at time most people didn't expect Solano to skyrocket the way it did. But at the price I don't know If someone can still partake in the profit if the price going to beat this recent price with a good rate. But the way it's going still got some risen power in it.

I think solana has shown good progress lately, current solana price is $ 100, It's high but I think if hold until bullish season , it still profitable for hold.
I believe It's still safe to invest on solana.
I'm waiting dip or maybe correction, I will buy more and add my solana in my wallet.
I predict Solana will reach $ 400 at the January or February the next year.
Title: Re: Is it still safe to invest on Solano due to its recent price?
Post by: MVL~$ on January 24, 2024, 09:39:41 AM
If you want to invest in Solona coin you may have to think about many things. What is your main source of income now? Have you invested before? Or what is your intention to hold on to? etc. Please consider these things and invest. In 2023 the price of this coin was around $75 which has reached $86 in 2024. I think you may be held for a long time to invest here. When it comes to investing, you can invest in Bitcoin if you want. Or whatever you do, do your research and put some thought into making a decision.
Title: Re: Is it still safe to invest on Solano due to its recent price?
Post by: Metha Wulandarin on January 24, 2024, 06:10:16 PM
This post was published on December 14, 2023 and SOLANA was at $75 and now I am replying to this post the price of Solana $87 after a decline from the highest price in 2023 $126 but in 2021 Solana touched the highest price of $259 and that is among the highest prices after Solana was launched, if it is true that this year there is a halving then it will not rule out the possibility that Solana will make a new ATH, why do I say that, because the Solana community is very large it is enough to pump Solana higher.