Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Solana Forum => Topic started by: SmartGold01 on August 01, 2024, 07:02:16 PM
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It's no longer news that people love investment on Solana base project due to many reasons that it's very accessible to many people and couple that fees are very minimal during swap and transfer but apart from this could it be that they are more profitable in terms of investment?
I am very curious to know about this since some of my friends kept pointing at solana based project which I wouldn't want to start and later maybe regrets for doing that.
The floor is open for discussion.
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It's no longer news that people love investment on Solana base project due to many reasons that it's very accessible to many people and couple that fees are very minimal during swap and transfer but apart from this could it be that they are more profitable in terms of investment?
I am very curious to know about this since some of my friends kept pointing at solana based project which I wouldn't want to start and later maybe regrets for doing that.
The floor is open for discussion.
Last year in November SOL was $29 as of today it is $163. So, if you had bought 1 SOL when it was $29 you would have earned $134 if you had sold your 1 SOL today. That is an insane return on investment, I do not think any other crypto has given such a return within a time frame of a few months. Moreover staking SOL is another reason why everyone is buying it and the returns are good which I have seen many times on different forums.
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I categorize Solana as a bluechip coin like ethereum or some L1 coins in general with various achievements of its ecosystem so far. If you see one of the ethereum projects that is currently sustainable such as DEX, games or NFT marketplaces, you can bet your luck on similar projects on the solana network. The fundamental reason is clear, Solana can be relied on for transaction scalability and fees that support its ecosystem activities.
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One interested of Solana coin should be priority for investing because faster take recovery raise higher price, I have checked several time and comparison with other top altcoin when dropping significant only Solana have faster return back to higher price. Last week when market crashing and all altcoin dropped to lower price, only Solana get faster recovery and raise up more higher price before bitcoin getting drop.
Other top altcoin such as BNB and ETH only take recovery few percent but Solana yesterday when recovering up above 20% and take it faster than other coins.
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It's no longer news that people love investment on Solana base project due to many reasons that it's very accessible to many people and couple that fees are very minimal during swap and transfer but apart from this could it be that they are more profitable in terms of investment?
I am very curious to know about this since some of my friends kept pointing at solana based project which I wouldn't want to start and later maybe regrets for doing that.
The floor is open for discussion.
Last year in November SOL was $29 as of today it is $163. So, if you had bought 1 SOL when it was $29 you would have earned $134 if you had sold your 1 SOL today. That is an insane return on investment, I do not think any other crypto has given such a return within a time frame of a few months. Moreover staking SOL is another reason why everyone is buying it and the returns are good which I have seen many times on different forums.
This absolutely crazy seeing such returns but however does it mean that all token or coin listed on Sol network makes same profits within the shortest time frame? Since most of them are always pointing at Sol based project to invest on time. Lets take a look at pepe, is it a sol base coin as well that could gained this attention all over the market?
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I think there are several reasons, but the emergence of airdrops or meme tokens are definitely key reasons for it. The chain is cheap for developer and user to use, and meme/airdrop is very hyped in the last few months or so, which creates a trend where people speculate/buy more Solana to look for similar opportunity. Basically they're just following where the money goes. The number of marketing/ads I've seen on social media (from influencer, pop-up ads, etc) is also massive so that should contribute a little too. CMIIW.
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It's no longer news that people love investment on Solana base project due to many reasons that it's very accessible to many people and couple that fees are very minimal during swap and transfer but apart from this could it be that they are more profitable in terms of investment?
High TPS (not theoretical TPS) also play a factor here. People generally doesn't seem to care about how centralized is Solana or amount of outage in the past either.
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People are emotional and get carried away by the news and the big media hype, so when a project gets popular and famous, people overlook the mistakes and problems and rush after it quickly.
I guess this might be the reason, the Solana network got good publicity and popularity because the fees are low and transactions are fast while the Ethereum network was suffering from slowness and high fees, so most of the new projects moved to Solana and some of them made a big fuss which led to the Solana network becoming more popular than it should have been.
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Project owners love Solana because it makes them money due to the huge popularity of these projects, all you need is to have the token on Solana and pump the price.
Investors are looking for quick profits and Solana projects are growing which means the potential for profit is high.
When the momentum starts to wane on Solana you will find that projects have moved to a new blockchain and investors too.
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It's no longer news that people love investment on Solana base project due to many reasons that it's very accessible to many people and couple that fees are very minimal during swap and transfer but apart from this could it be that they are more profitable in terms of investment?
I am very curious to know about this since some of my friends kept pointing at solana based project which I wouldn't want to start and later maybe regrets for doing that.
The floor is open for discussion.
It's nothing but because of memes. The reason why you see people love Solana is that the transaction fee is cheap, the network is fast and smart contact execution is slightly lower than BNB chain, so people used it to run meme coin to make quick money they all convert to sol and dump the meme on the market. If you should check the web Explorer of Solana right now, it's feel with smart contract of Dex screener trades.
In addition, scammers love it because it's easy for them to scam through the same meme coins. I think right now the main utility and driving force of Solana is nothing but meme coins. If yiu remove meme coins liquidity from Solana, there will be nothing left in the network.
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It's nothing but because of memes. The reason why you see people love Solana is that the transaction fee is cheap, the network is fast and smart contact execution is slightly lower than BNB chain, so people used it to run meme coin to make quick money they all convert to sol and dump the meme on the market. If you should check the web Explorer of Solana right now, it's feel with smart contract of Dex screener trades.
In addition, scammers love it because it's easy for them to scam through the same meme coins. I think right now the main utility and driving force of Solana is nothing but meme coins. If yiu remove meme coins liquidity from Solana, there will be nothing left in the network.
Well, I think I should add a few things about Solana ecosystem.
Most investors don't choose Solana because of its low fees, high speed, or vibrant ecosystem. These are just secondary reasons, the main reason is the allure of profit. I don't think the majority are using Solana to transfer money, so low fees and high speed become less crucial. They're also not joining Solana for the fun of trading in a vibrant ecosystem. Everyone is seeking profits from the crypto market, and Solana ecosystem is a suitable place.
Beyond memecoins, we can talk about many other values from Solana such as DEX, GameFi, MoveFi, SocialFi... Every trend can be implemented on Solana and help smart investors make profits. I believe this will still hold true in this bullrun!
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Most investors don't choose Solana because of its low fees, high speed, or vibrant ecosystem. These are just secondary reasons, the main reason is the allure of profit.
That is why, if TON becomes attractive and there is a large user base which means that it will easily make profits, projects will move to it quickly. Investors will do the same if their profits are higher even if the fees are higher.
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I think there are several reasons, but the emergence of airdrops or meme tokens are definitely key reasons for it. The chain is cheap for developer and user to use, and meme/airdrop is very hyped in the last few months or so, which creates a trend where people speculate/buy more Solana to look for similar opportunity. Basically they're just following where the money goes. The number of marketing/ads I've seen on social media (from influencer, pop-up ads, etc) is also massive so that should contribute a little too. CMIIW.
Yes, it also cannot be ignored that makes people interested in Solana. When a coin is widely talked about, then at that time it will invite many people to enter it.
Solana is also in great demand because the transaction costs are very low, so that also creates its own appeal. Especially during the price spike that occurred some time ago where the price of Solana experienced a very significant increase.
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It's no longer news that people love investment on Solana base project due to many reasons that it's very accessible to many people and couple that fees are very minimal during swap and transfer but apart from this could it be that they are more profitable in terms of investment?
I am very curious to know about this since some of my friends kept pointing at solana based project which I wouldn't want to start and later maybe regrets for doing that.
The floor is open for discussion.
Well, to be honest with you, there is nothing really special about Solana based projects, it's all about hype, what is reigning at the moment, if you checked well, when ethereum was on board, people were crazy about ethereum based projects as well, whenever one was going to invest in a project that is not built on ethereum, it seemed like such person is or was commiting a taboo.
So also with Binance smart chain, every blackchain has or have had its time of reigning/hype, and currently it's the time for Solana, and soon enough, another project is gonna take over which gradually we are already witnessing, which is Ton.
So, in essence, there is not really special about Solana, if you are talking about low fee, Solana is not the only blockchain that process transactions fast and with low fees, there are several others, what Solana is currently enjoying is nothing but hype.
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It's no longer news that people love investment on Solana base project due to many reasons that it's very accessible to many people and couple that fees are very minimal during swap and transfer but apart from this could it be that they are more profitable in terms of investment?
I am very curious to know about this since some of my friends kept pointing at solana based project which I wouldn't want to start and later maybe regrets for doing that.
The floor is open for discussion.
It cannot be logical that investors are more interested in SOL Chain's project because of SOLANA's low transaction fees. Scammers always want to scam more money with less cost so sol can be a good opportunity for scammers then why investors prefer sol based projects?
Basically SOL Team is very active and they do a lot of investigation to officially support a project due to which the success rate of projects supported by SOL network is very high. As you can see Tapswap used SOL's name they have built a huge community yet SOL officially says they don't support Tapswap. Because they have researched that the future of Tapswap is not good. So they don't want to lose their investors
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Hmm, you know there's something we call, a trend so why are most people these days talking about the SOL based projects as good and others blah blah, in my views is this is just because of the good marketing by SOL and its projects by collaborating with Famous crypto influencers, they raise good capital and in the end of the day get listed on good exchanges and even if 10 out of 1 project performs well they promote the success of that project in order to achieve more attention.
SO my wordic is there is nothing like this chain's based projects are good and blah blah the only criteria is the project itself how big the stage of the project is to service or provide a solution. For example, as NOTcoin was the first successful TG bot project and Airdrop it started the trend and now you can see the rest of shit in that trend.
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It depends on how they like this Solana coin, but it seems that if I look at it, they like the Solana coin because it has cheap fees and TPS (time per second) transactions are so many and fast.
But if I choose the Solana coin, the first thing I do is check who the founder of the Solana coin is. If the CEO's track record is good, experienced, and has no bad cases in his life, then from there I can trust a project that was created like the Solana coin.
This is my first result after read this thread , Who is Founder Solana Coin?? (https://duckduckgo.com/?q=who+is+founder+Solana+coin%3F&ia=web)
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It's no longer news that people love investment on Solana base project due to many reasons that it's very accessible to many people and couple that fees are very minimal during swap and transfer but apart from this could it be that they are more profitable in terms of investment?
I am very curious to know about this since some of my friends kept pointing at solana based project which I wouldn't want to start and later maybe regrets for doing that.
The floor is open for discussion.
It cannot be logical that investors are more interested in SOL Chain's project because of SOLANA's low transaction fees. Scammers always want to scam more money with less cost so sol can be a good opportunity for scammers then why investors prefer sol based projects?
Basically SOL Team is very active and they do a lot of investigation to officially support a project due to which the success rate of projects supported by SOL network is very high. As you can see Tapswap used SOL's name they have built a huge community yet SOL officially says they don't support Tapswap. Because they have researched that the future of Tapswap is not good. So they don't want to lose their investors
For Tapswap does it means that Sol team must give approval to for them to incorporate with tapswap, I can also see how the media also carrying the news of tapswap but I don't think such project can run for long just as you said of sol team about the tapswap. And of course people are looking for place that are far more cheaper for them to operate on irrespective that scammers are diving into sol to scam people it's our core duty to make our research on which or not to invest our money.
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As short term trading typical, my reason why interested for trading solana project or solana coins because have faster pump and dump.
Most profitable earn for short term trading with solana coins because easily take profit in short term behind daily day growing up around 5% until 10% depend on bitcoin market condition.
But some people like solana because benefit with transaction confirmation taken short term only, difference with other network coins Solana guarantee few second transaction will be complete and have lower fees for sending or withdrawing Solana coins assets on wallet.
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Solana-based projects can be attractive in terms of investment, and there are a few reasons why. First, the Solana network offers high scalability, fast transactions, and very low fees, making it a popular choice for users. Projects based on Solana often exploit these advantages to create new and innovative products and services. Since Solana has recently attracted the attention of many developers and projects, projects based on it can be profitable for investors, especially if the projects are truly unique and popular in the market. Many investors have been attracted to Solana by its technological capabilities and the potential of projects built on its network. However, as with every investment, there are risks. It is important to properly analyze Solana or projects based on it. Market trends, project implementation, and team competencies need to be considered. If your friends have given positive feedback about Solana based projects, you collect more information about those projects
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It depends on how they like this Solana coin, but it seems that if I look at it, they like the Solana coin because it has cheap fees and TPS (time per second) transactions are so many and fast.
But if I choose the Solana coin, the first thing I do is check who the founder of the Solana coin is. If the CEO's track record is good, experienced, and has no bad cases in his life, then from there I can trust a project that was created like the Solana coin.
This is my first result after read this thread , Who is Founder Solana Coin?? (https://duckduckgo.com/?q=who+is+founder+Solana+coin%3F&ia=web)
Everybody loves Solana founder Yankovenko Anatoly, there is nothing shady about him. The only mistake I can say they made with Solana was allowing FTX collaborate with their project. Though, it was good intentions and nobody knew what FTX was planning under the ground but the partnership affected Solana so much.
If not for the set back of FTX exchange, Sol should be around somewhere doing competition with BNB and the rest right now and even now, I'm not too interested in the growth pattern of Solana because of the memes are the only driving force around Solana.
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It depends on how they like this Solana coin, but it seems that if I look at it, they like the Solana coin because it has cheap fees and TPS (time per second) transactions are so many and fast.
But if I choose the Solana coin, the first thing I do is check who the founder of the Solana coin is. If the CEO's track record is good, experienced, and has no bad cases in his life, then from there I can trust a project that was created like the Solana coin.
This is my first result after read this thread , Who is Founder Solana Coin?? (https://duckduckgo.com/?q=who+is+founder+Solana+coin%3F&ia=web)
Everybody loves Solana founder Yankovenko Anatoly, there is nothing shady about him. The only mistake I can say they made with Solana was allowing FTX collaborate with their project. Though, it was good intentions and nobody knew what FTX was planning under the ground but the partnership affected Solana so much.
If not for the set back of FTX exchange, Sol should be around somewhere doing competition with BNB and the rest right now and even now, I'm not too interested in the growth pattern of Solana because of the memes are the only driving force around Solana.
Your analysis is correct that there is a generally positive opinion of Solana and its founder Anatoly Yakovenko. Solana has emerged as a strong technology platform under Yakovenko's leadership, although collaboration with FTX has been a major challenge. After FTX's collapse, Solana's project faced some negative impacts, affecting its market value and confidence.
Had FTX's setback not occurred, Solana would likely have been able to compete more strongly with BNB. Solana's technology, scalability and low transaction fees etc make it a strong contender.
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It depends on how they like this Solana coin, but it seems that if I look at it, they like the Solana coin because it has cheap fees and TPS (time per second) transactions are so many and fast.
But if I choose the Solana coin, the first thing I do is check who the founder of the Solana coin is. If the CEO's track record is good, experienced, and has no bad cases in his life, then from there I can trust a project that was created like the Solana coin.
This is my first result after read this thread , Who is Founder Solana Coin?? (https://duckduckgo.com/?q=who+is+founder+Solana+coin%3F&ia=web)
Everybody loves Solana founder Yankovenko Anatoly, there is nothing shady about him. The only mistake I can say they made with Solana was allowing FTX collaborate with their project. Though, it was good intentions and nobody knew what FTX was planning under the ground but the partnership affected Solana so much.
Really, can you explain a little clue why this FTX is and what impact it has on the Solana coin?
If not for the set back of FTX exchange, Sol should be around somewhere doing competition with BNB and the rest right now and even now, I'm not too interested in the growth pattern of Solana because of the memes are the only driving force around Solana.
Isn't this Meme coin good for the parent coin ecosystem that is being developed like the Solana coin?
And the Meme coin also has a strong contribution to transaction gas fees for the parent coin, is that so or what do you think?
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Solana-based projects can be attractive in terms of investment, and there are a few reasons why. First, the Solana network offers high scalability, fast transactions, and very low fees, making it a popular choice for users.
Yes, apart from their CEO, the Solana project does have good fundamentals and is growing. Let's just look at some of Solana's products so far, which have also grown rapidly. It's not just about the blockchain network, but there are some Solana service products or development features that are indeed very progressive. That's why Solana soared quite quickly to the point of taking over BNB's position, although it eventually fell below BNB.
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Really, can you explain a little clue why this FTX is and what impact it has on the Solana coin?
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FTX is an exchange that had serious problems and stopped withdrawals and thousands of people lost their coins
CEO Sam Bankman Fried did a LOT of things wrong and is currently in jail, but there is a lawsuit going on so that users who were harmed can get some of their money back.
When the FTX problem occurred, it was a catastrophe for cryptos in general, as it helped bring down prices, especially for the company's token FTT and Solana, which was the biggest project supported by FTX
I came to believe that Solana was going to zero, but its developers continued with the project and managed to get the coin back on its feet
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Really, can you explain a little clue why this FTX is and what impact it has on the Solana coin?
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FTX is an exchange that had serious problems and stopped withdrawals and thousands of people lost their coins
CEO Sam Bankman Fried did a LOT of things wrong and is currently in jail, but there is a lawsuit going on so that users who were harmed can get some of their money back.
When the FTX problem occurred, it was a catastrophe for cryptos in general, as it helped bring down prices, especially for the company's token FTT and Solana, which was the biggest project supported by FTX
I came to believe that Solana was going to zero, but its developers continued with the project and managed to get the coin back on its feet
This is so scary and I feel nervous when I read your thread replies. I also googled the case for FTX and the results were like this = Case of FTX . (https://www.cnbc.com/2024/03/28/live-updates-ftx-founder-sam-bankman-fried-sentencing.html#:~:text=Crypto%20World-,FTX%20founder%20Sam%20Bankman-Fried%20sentenced%20to%2025%20years%20for,pay%20%2411%20billion%20in%20forfeiture&text=FTX%20founder%20Sam%20Bankman-Fried%20was%20sentenced%20to%2025%20years,related%20hedge%20fund%2C%20Alameda%20Research.)
It also turns out that Solana is a very sad coin because of the effects of the FTX case, the price of the Solana coin has fallen drastically and you also think that the Solana coin will go to zero, but with the solid development of the Solana coin, finally the Solana coin is now back on its feet.
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It depends on how they like this Solana coin, but it seems that if I look at it, they like the Solana coin because it has cheap fees and TPS (time per second) transactions are so many and fast.
But if I choose the Solana coin, the first thing I do is check who the founder of the Solana coin is. If the CEO's track record is good, experienced, and has no bad cases in his life, then from there I can trust a project that was created like the Solana coin.
This is my first result after read this thread , Who is Founder Solana Coin?? (https://duckduckgo.com/?q=who+is+founder+Solana+coin%3F&ia=web)
One of the most popular coins of the present time has almost cheated inside. Because nowadays no has become very popular among the younger generation. Your observations and methods are very effective and reasonable. One of the reasons for the popularity of Solana (SOL) coin is its low transaction fees and high TPS (Transactions Per Second) rate. The Solana network's efficiency and fast transaction capabilities make it attractive to many investors. Slowly you will see that Chalona has left ethidium behind.
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It depends on how they like this Solana coin, but it seems that if I look at it, they like the Solana coin because it has cheap fees and TPS (time per second) transactions are so many and fast.
But if I choose the Solana coin, the first thing I do is check who the founder of the Solana coin is. If the CEO's track record is good, experienced, and has no bad cases in his life, then from there I can trust a project that was created like the Solana coin.
This is my first result after read this thread , Who is Founder Solana Coin?? (https://duckduckgo.com/?q=who+is+founder+Solana+coin%3F&ia=web)
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Slowly you will see that Chalona has left ethidium behind.
What do you mean by Chalona and Ethidium?
Is that some kind of accurate information that is in the Solana coin circle?
Or are those two names according to the new ones in the Solana coin circle? Can you explain it to me in detail?
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At the early start up of Solana project, the team did a lot of marketing, great promotion that made the project one of the best on the crypto space. It comes with superb features, high scalability, fast transaction network, minimal transaction fees. Solana project has experienced team members, one of the reasons the are doing great things.
However, some new start up projects on the Solana platform may take advantage of it's popularity to defraud investors, it is important to do a thorough research before investing..
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This is so scary and I feel nervous when I read your thread replies. I also googled the case for FTX and the results were like this = Case of FTX . (https://www.cnbc.com/2024/03/28/live-updates-ftx-founder-sam-bankman-fried-sentencing.html#:~:text=Crypto%20World-,FTX%20founder%20Sam%20Bankman-Fried%20sentenced%20to%2025%20years%20for,pay%20%2411%20billion%20in%20forfeiture&text=FTX%20founder%20Sam%20Bankman-Fried%20was%20sentenced%20to%2025%20years,related%20hedge%20fund%2C%20Alameda%20Research.)
It also turns out that Solana is a very sad coin because of the effects of the FTX case, the price of the Solana coin has fallen drastically and you also think that the Solana coin will go to zero, but with the solid development of the Solana coin, finally the Solana coin is now back on its feet.
It was a very expressive case with many victims
In addition to the direct victims that we were users (yes I lost money on FTX), they harmed direct and indirect investors and on top of that they directly brought down the price of Solana (and indirectly the entire crypto ecosystem)
Solana is a great example of overcoming, because it was very easy for the coin to have been forgotten and today to be worth less than 10 dollars, even though it had reached 249 dollars at its ATH
What do you mean by Chalona and Ethidium?
Is that some kind of accurate information that is in the Solana coin circle?
Or are those two names according to the new ones in the Solana coin circle? Can you explain it to me in detail?
Maybe it was a typo, from what I understand he meant: "Slowly you will see that Chalona Solana has left ethidium Ethereum behind."
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This is so scary and I feel nervous when I read your thread replies. I also googled the case for FTX and the results were like this = Case of FTX . (https://www.cnbc.com/2024/03/28/live-updates-ftx-founder-sam-bankman-fried-sentencing.html#:~:text=Crypto%20World-,FTX%20founder%20Sam%20Bankman-Fried%20sentenced%20to%2025%20years%20for,pay%20%2411%20billion%20in%20forfeiture&text=FTX%20founder%20Sam%20Bankman-Fried%20was%20sentenced%20to%2025%20years,related%20hedge%20fund%2C%20Alameda%20Research.)
It also turns out that Solana is a very sad coin because of the effects of the FTX case, the price of the Solana coin has fallen drastically and you also think that the Solana coin will go to zero, but with the solid development of the Solana coin, finally the Solana coin is now back on its feet.
It was a very expressive case with many victims
In addition to the direct victims that we were users (yes I lost money on FTX), ,,
I am very sad to hear that and feel sorry.
Btw, how much money did you lose on the FTX exchange?
What do you mean by Chalona and Ethidium?
Is that some kind of accurate information that is in the Solana coin circle?
Or are those two names according to the new ones in the Solana coin circle? Can you explain it to me in detail?
Maybe it was a typo, from what I understand he meant: "Slowly you will see that Chalona Solana has left ethidium Ethereum behind."
Agghhh I see, I thought it was the ecosystem of the Solana coin because I noticed that the word was similar to Solana but he also added the word "Ethidium" which I had never heard of yesterday afternoon.
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It's no longer news that people love investment on Solana base project due to many reasons that it's very accessible to many people and couple that fees are very minimal during swap and transfer but apart from this could it be that they are more profitable in terms of investment?
I am very curious to know about this since some of my friends kept pointing at solana based project which I wouldn't want to start and later maybe regrets for doing that.
The floor is open for discussion.
You are right to ask this question right now, because many have already begun to understand that Solana has been greatly pushed aside by other blockchains such as TON and has pushed Solana into the background. Earlier, 2-3 years ago, it was worth investing in it, but now I don’t see any reason to invest even one cent in this coin. It’s better to pay attention to the leaders of the hype and do some analysis and then invest where you can really get good interest.
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It's no longer news that people love investment on Solana base project due to many reasons that it's very accessible to many people and couple that fees are very minimal during swap and transfer but apart from this could it be that they are more profitable in terms of investment?
I am very curious to know about this since some of my friends kept pointing at solana based project which I wouldn't want to start and later maybe regrets for doing that.
The floor is open for discussion.
You are right to ask this question right now, because many have already begun to understand that Solana has been greatly pushed aside by other blockchains such as TON and has pushed Solana into the background. Earlier, 2-3 years ago, it was worth investing in it, but now I don’t see any reason to invest even one cent in this coin. It’s better to pay attention to the leaders of the hype and do some analysis and then invest where you can really get good interest.
You know when TON came out people where taking for a joke especially me because I felt whatever that relates to telegram is always easy to scam people therefore I didn't develop interest to pay any attention or even give it a trial to hold some percentage of token while before launching. Solana I know people are gradually moving their bags to the happening but it doesn't mean that they aren't holding coin on Sol based, just as people who hold bitcoin as same time finding time to have all quick coin to give them profits for the short time.
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It's no longer news that people love investment on Solana base project due to many reasons that it's very accessible to many people and couple that fees are very minimal during swap and transfer but apart from this could it be that they are more profitable in terms of investment?
I am very curious to know about this since some of my friends kept pointing at solana based project which I wouldn't want to start and later maybe regrets for doing that.
The floor is open for discussion.
You are right to ask this question right now, because many have already begun to understand that Solana has been greatly pushed aside by other blockchains such as TON and has pushed Solana into the background. Earlier, 2-3 years ago, it was worth investing in it, but now I don’t see any reason to invest even one cent in this coin. It’s better to pay attention to the leaders of the hype and do some analysis and then invest where you can really get good interest.
You know when TON came out people where taking for a joke especially me because I felt whatever that relates to telegram is always easy to scam people therefore I didn't develop interest to pay any attention or even give it a trial to hold some percentage of token while before launching. Solana I know people are gradually moving their bags to the happening but it doesn't mean that they aren't holding coin on Sol based, just as people who hold bitcoin as same time finding time to have all quick coin to give them profits for the short time.
We know telegram have lots of scammers but there still a few project developed and successful like in Notcoin after these we see many new projects following Notcoin like Hamster Kombat and Memefi that we do not know when exactly is the distribution of their airdrop the bad thing is they keep promising and keep changing the criteria to be eligible on the airdrop. I feel they are scams they made money from ads from all of their social media account including Youtube and Telegram accounts.
But since the airdrop is free why not spend and waste a little time my purpose is to increase my holdings without investing but this time I'm gonna sell any airdrop came from telegram because I don't see any use yet to any project they release based on TON and Solana.
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It's no longer news that people love investment on Solana base project due to many reasons that it's very accessible to many people and couple that fees are very minimal during swap and transfer but apart from this could it be that they are more profitable in terms of investment?
I am very curious to know about this since some of my friends kept pointing at solana based project which I wouldn't want to start and later maybe regrets for doing that.
The floor is open for discussion.
You are right to ask this question right now, because many have already begun to understand that Solana has been greatly pushed aside by other blockchains such as TON and has pushed Solana into the background. Earlier, 2-3 years ago, it was worth investing in it, but now I don’t see any reason to invest even one cent in this coin. It’s better to pay attention to the leaders of the hype and do some analysis and then invest where you can really get good interest.
You know when TON came out people where taking for a joke especially me because I felt whatever that relates to telegram is always easy to scam people therefore I didn't develop interest to pay any attention or even give it a trial to hold some percentage of token while before launching. Solana I know people are gradually moving their bags to the happening but it doesn't mean that they aren't holding coin on Sol based, just as people who hold bitcoin as same time finding time to have all quick coin to give them profits for the short time.
I agree with you, the TON project at first seemed like another joke and everyone thought that it was like last time there was a project on the TON blockchain, a free TON, which a year later became a scam and everyone thought the same about this project, but time passed and we all found out that this TON is real and it is officially supported by Telegram, now I think it is worth paying attention to it and even buying it for your portfolio.
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Cheap fees and pump.fun memecoins which can actually go from thousands of market cap to millions of market cap. Also, Rug pulls. Some devs use pump.fun for only rug pull purpose and they can't stop doing that multiple times in a day.
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Cheap fees and pump.fun memecoins which can actually go from thousands of market cap to millions of market cap. Also, Rug pulls. Some devs use pump.fun for only rug pull purpose and they can't stop doing that multiple times in a day.
In my opinion, the project based on the solana platform is widely favored because of its cheap gas fee and fast transactions. Regarding meme coins, it depends on our expertise in conducting research, although many meme cpins are rug pul, but there are still some meme coins that are still surviving and remain popular. I have not bought a meme coin that uses the solana platform, the last one I had from the TON platform was dogs, and that was the result of a telegram airdrop.
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Solana-based projects have gained popularity for several reasons, including low transaction fees, high speed, and scalability. These factors have made the network attractive to developers and users alike. However, the profitability of investing in Solana-based projects depends on several factors beyond the network's technical advantages.
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Not all tokens or coins listed on the Solana (SOL) network will necessarily see the same level of returns or gains within a short timeframe. The performance of a token can depend on various factors, including the project's fundamentals, market sentiment, and broader crypto market trends.Always be cautious with investments and do thorough research, as high returns can be accompanied by high risks.
It's no longer news that people love investment on Solana base project due to many reasons that it's very accessible to many people and couple that fees are very minimal during swap and transfer but apart from this could it be that they are more profitable in terms of investment?
I am very curious to know about this since some of my friends kept pointing at solana based project which I wouldn't want to start and later maybe regrets for doing that.
The floor is open for discussion.
Last year in November SOL was $29 as of today it is $163. So, if you had bought 1 SOL when it was $29 you would have earned $134 if you had sold your 1 SOL today. That is an insane return on investment, I do not think any other crypto has given such a return within a time frame of a few months. Moreover staking SOL is another reason why everyone is buying it and the returns are good which I have seen many times on different forums.
This absolutely crazy seeing such returns but however does it mean that all token or coin listed on Sol network makes same profits within the shortest time frame? Since most of them are always pointing at Sol based project to invest on time. Lets take a look at pepe, is it a sol base coin as well that could gained this attention all over the market?
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It's no longer news that people love investment on Solana base project due to many reasons that it's very accessible to many people and couple that fees are very minimal during swap and transfer but apart from this could it be that they are more profitable in terms of investment?
I am very curious to know about this since some of my friends kept pointing at solana based project which I wouldn't want to start and later maybe regrets for doing that.
The floor is open for discussion.
This absolutely crazy seeing such returns but however does it mean that all token or coin listed on Sol network makes same profits within the shortest time frame? Since most of them are always pointing at Sol based project to invest on time. Lets take a look at pepe, is it a sol base coin as well that could gained this attention all over the market?
Not all altcoin that are making waves today are listed on Sol network, however if you looked at TON you would see that the market is really moving by hype and of course if you are that fortunately to have gotten the news at the preliminary stage you would also known to be having good profits after being launched in a reputed exchange couple with the hype the price would go more higher than expected maybe after some while the price might decreased but still those who invested on time has cashed out big time.
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You are right to ask this question right now, because many have already begun to understand that Solana has been greatly pushed aside by other blockchains such as TON and has pushed Solana into the background. Earlier, 2-3 years ago, it was worth investing in it, but now I don’t see any reason to invest even one cent in this coin. It’s better to pay attention to the leaders of the hype and do some analysis and then invest where you can really get good interest.
I think that the meme privilege is what Solana has been using and a many of them used it to exploit many believers. There has been meme coins across multiple chain but you see Solana chain or network, you will think that Solana was specially made for meme coins but it's because of the growth zero fees that makes it so attractive for from people.
However, as of recent pump dot fun developers aren't making much money unlike then, the revenue is going down and that's because people aren't making money from meme coins like before. You will hardly see a good project with with profits on soalan network.
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Cheap fees and pump.fun memecoins which can actually go from thousands of market cap to millions of market cap. Also, Rug pulls. Some devs use pump.fun for only rug pull purpose and they can't stop doing that multiple times in a day.
Yeah, it's good that you bring up the point of view from the scamming devs. To be fair, they do the same thing on other blockchains as well but they probably like Solana the most because it's more cost effective to them.
As for users, for sure they hunt gems from everywhere but they also prefer the low swapping fees.
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It's no longer news that people love investment on Solana base project due to many reasons that it's very accessible to many people and couple that fees are very minimal during swap and transfer but apart from this could it be that they are more profitable in terms of investment?
I am very curious to know about this since some of my friends kept pointing at solana based project which I wouldn't want to start and later maybe regrets for doing that.
The floor is open for discussion.
It cannot be logical that investors are more interested in SOL Chain's project because of SOLANA's low transaction fees. Scammers always want to scam more money with less cost so sol can be a good opportunity for scammers then why investors prefer sol based projects?
Basically SOL Team is very active and they do a lot of investigation to officially support a project due to which the success rate of projects supported by SOL network is very high. As you can see Tapswap used SOL's name they have built a huge community yet SOL officially says they don't support Tapswap. Because they have researched that the future of Tapswap is not good. So they don't want to lose their investors
I think scammers will launch their actions on networks that offer low fees because they think investors will definitely choose the cheaper ones, even though in the past there were also many scammers on the ethereum network. Because scammers are everywhere, including the current solana network and the last one I saw on TON.
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Hype!
Solana promises to be the next Ethereum, only better and cheaper, some mistake this for every single thing running on Solana to gain value or to replace the equivalent on ETH, which as we all now it's not the case. Also love is the wrong word, hope of quick gains is far more accurate!
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It cannot be logical that investors are more interested in SOL Chain's project because of SOLANA's low transaction fees. Scammers always want to scam more money with less cost so sol can be a good opportunity for scammers then why investors prefer sol based projects?
Basically SOL Team is very active and they do a lot of investigation to officially support a project due to which the success rate of projects supported by SOL network is very high. As you can see Tapswap used SOL's name they have built a huge community yet SOL officially says they don't support Tapswap. Because they have researched that the future of Tapswap is not good. So they don't want to lose their investors
I also see many projects nowadays are more interested in solanan because of the low fees, although scammers are also starting to launch their actions on the solanan network too. Lately TON has also shown good development and is widely used by many new projects.
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It's no longer news that people love investment on Solana base project due to many reasons that it's very accessible to many people and couple that fees are very minimal during swap and transfer but apart from this could it be that they are more profitable in terms of investment?
I am very curious to know about this since some of my friends kept pointing at solana based project which I wouldn't want to start and later maybe regrets for doing that.
The floor is open for discussion.
It cannot be logical that investors are more interested in SOL Chain's project because of SOLANA's low transaction fees. Scammers always want to scam more money with less cost so sol can be a good opportunity for scammers then why investors prefer sol based projects?
Basically SOL Team is very active and they do a lot of investigation to officially support a project due to which the success rate of projects supported by SOL network is very high. As you can see Tapswap used SOL's name they have built a huge community yet SOL officially says they don't support Tapswap. Because they have researched that the future of Tapswap is not good. So they don't want to lose their investors
I think scammers will launch their actions on networks that offer low fees because they think investors will definitely choose the cheaper ones, even though in the past there were also many scammers on the ethereum network. Because scammers are everywhere, including the current solana network and the last one I saw on TON.
Scammer operates everywhere even in the bitcoin blockchain and some other networks.. in fact the easiest way for scammer is bsc that is why you find most of those unwanted tokens sent to address immediately one perform a transaction but you can't see that on bitcoin network apart from the ordinal that attacked bitcoin network which as then causes network congestion.
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Scammer operates everywhere even in the bitcoin blockchain and some other networks.. in fact the easiest way for scammer is bsc that is why you find most of those unwanted tokens sent to address immediately one perform a transaction but you can't see that on bitcoin network apart from the ordinal that attacked bitcoin network which as then causes network congestion.
Yes, there are scammers on almost all networks, the most common at the moment is BSC and we also often get token shipments which are their tricks to take advantage of us, still be careful if we don't feel like buying or making transactions and don't know the coin, it's best not to accept it or just leave the token
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Scammer operates everywhere even in the bitcoin blockchain and some other networks.. in fact the easiest way for scammer is bsc that is why you find most of those unwanted tokens sent to address immediately one perform a transaction but you can't see that on bitcoin network apart from the ordinal that attacked bitcoin network which as then causes network congestion.
Yes, there are scammers on almost all networks, the most common at the moment is BSC and we also often get token shipments which are their tricks to take advantage of us, still be careful if we don't feel like buying or making transactions and don't know the coin, it's best not to accept it or just leave the token
There will be many scammers on networks like solana and TON, although BSC has the most. We have to be aware of that because I also observe scammers' tricks to do their scams. I also read that there are members here who always share scammer tricks, this is quite good to read but I forgot which board.
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It seems that most of them support this Solan coin from smart contracts technology and very cheap transaction fees. I often hear about smart contracts and cheap fees from Solana. I hear both words very often from sharing telegram channels and discussions on altcoinstalks.
For smart contracts, I have never heard of them at once or learned directly about the Solana coin, but if the transaction fee can be easily checked on Binance on the withdrawl button. It turns out that the transaction fee for this Solana coin is also cheap, maybe the fee is around under 1 dollar.
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Scammer operates everywhere even in the bitcoin blockchain and some other networks.. in fact the easiest way for scammer is bsc that is why you find most of those unwanted tokens sent to address immediately one perform a transaction but you can't see that on bitcoin network apart from the ordinal that attacked bitcoin network which as then causes network congestion.
Yes, there are scammers on almost all networks, the most common at the moment is BSC and we also often get token shipments which are their tricks to take advantage of us, still be careful if we don't feel like buying or making transactions and don't know the coin, it's best not to accept it or just leave the token
There will be many scammers on networks like solana and TON, although BSC has the most. We have to be aware of that because I also observe scammers' tricks to do their scams. I also read that there are members here who always share scammer tricks, this is quite good to read but I forgot which board.
If you will find it, please share it if you remember where it was! Thanks.
And, yeah - SOL with its meme craze is a big hub for tokens to be rugged, TON - as well.
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There will be many scammers on networks like solana and TON, although BSC has the most. We have to be aware of that because I also observe scammers' tricks to do their scams. I also read that there are members here who always share scammer tricks, this is quite good to read but I forgot which board.
Scammers are really everywhere. and they will always be there especially on networks that are currently hyped. Because they understand that there will be many potential victims who are FOMO and can be easily exploited to become victims of scams. moreover, the Solana network is the same as other networks where this is the realm of scammers who easily apply scam methods that are actually quite the same as before, but there are still many people who are fooled and eventually become victims of scams.
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There will be many scammers on networks like solana and TON, although BSC has the most. We have to be aware of that because I also observe scammers' tricks to do their scams. I also read that there are members here who always share scammer tricks, this is quite good to read but I forgot which board.
Scammers are really everywhere. and they will always be there especially on networks that are currently hyped. Because they understand that there will be many potential victims who are FOMO and can be easily exploited to become victims of scams. moreover, the Solana network is the same as other networks where this is the realm of scammers who easily apply scam methods that are actually quite the same as before, but there are still many people who are fooled and eventually become victims of scams.
Especially with memes still rampant on SOL, it's no wonder that people go and get rugged for no apparent reason.
So all of us should stay vigilant if we deal with such a project or any other, though, usually something with real and good use cases can be more credible and checked via more metrics, facts, etc.
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Especially with memes still rampant on SOL, it's no wonder that people go and get rugged for no apparent reason.
So all of us should stay vigilant if we deal with such a project or any other, though, usually something with real and good use cases can be more credible and checked via more metrics, facts, etc.
I remember when I was added to a degen group, and according to them they’ll send a token and those in the group are to buy it and sell it when there is a slight price difference - I stayed in the group and watched for some time and before I finally left the group so many people were crying ( they had a discussion group and a channel where they post the token details), after sending the token contract address you’ll see many people swarming into the discussion group to complain that the x amount they used has gone to zero and the price of the token is now worth nothing (all these happened less than 5 minutes after the details were dropped) and funny enough they’ll still jump on the next project that will be released in the chat.
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There will be many scammers on networks like solana and TON, although BSC has the most. We have to be aware of that because I also observe scammers' tricks to do their scams. I also read that there are members here who always share scammer tricks, this is quite good to read but I forgot which board.
Scammers are really everywhere. and they will always be there especially on networks that are currently hyped. Because they understand that there will be many potential victims who are FOMO and can be easily exploited to become victims of scams. moreover, the Solana network is the same as other networks where this is the realm of scammers who easily apply scam methods that are actually quite the same as before, but there are still many people who are fooled and eventually become victims of scams.
Based on my observations the scammers' tricks and strategies are always changing and updated, so it is actually difficult to detect tricks from them if we are not focused and analysis we can be fooled. And as you say the network that is fomo will be a lot of scammers launch a trap if we are not careful because they use the matter. And I have also been a victim of fraud in the past, although not much, but that is an experience for me so that I have to be more careful in the future.
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Scammer operates everywhere even in the bitcoin blockchain and some other networks.. in fact the easiest way for scammer is bsc that is why you find most of those unwanted tokens sent to address immediately one perform a transaction but you can't see that on bitcoin network apart from the ordinal that attacked bitcoin network which as then causes network congestion.
Yes, there are scammers on almost all networks, the most common at the moment is BSC and we also often get token shipments which are their tricks to take advantage of us, still be careful if we don't feel like buying or making transactions and don't know the coin, it's best not to accept it or just leave the token
I think that you could express your best opinion in this post. So i am also agree with your comment. If we follow in cryptocurrency market, we can see that solana price is also better in cryptocurrency market. I also love in solana currency, because we know that transaction fee is very lower than others crypto currency in cryptocurrency market. So i believe that it’s the best opportunity for transaction in cryptocurrency market. So i think that solana currency is very perfect for investment and hold.
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People will always be interested on projects that are promising and this is one of the things that they have seen with Solana project, when they invest in them, they are mostly profitable and you cant expect the investors going somewhere elsewhere to look for the same thing they can achieve getting from Solana network or project, the more they are accepting for its use the better its becoming.
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Re: could give a good reason why people love solana based project?
Love Solana-based projects? Eh?
I don't know if the term "love" is applicable in investing TBH. I would change the word "love" to "choose to invest". That would be a better sentence to read.
Anyway, it's the hype that caused the investors to invest more into these Solana-based projects. We know that a few months ago, there have been many projects of different categories that are being created under Solana Blockchain. Many meme coins have been created as well and while many of them became successful like WIF, most of them ended up miserably.
Now that the hype has gone, investors will look out for the new project/s that are currently on hype right now.
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Solana-based projects are popular because they combine speed, low fees, a thriving ecosystem, strong community support, and growing institutional credibility. These factors make Solana an attractive platform for developers, users, and investors looking for innovative, cost-effective blockchain solutions.