Solana network shuts down, will you still invest in SOL?

[Mia Chloe]

Meme coins trending makes Solana be more popular. SOL should recover or reach its new ATH soon. SOL looks increasing very well during this year, it must be one of the best altcoins in this bullish season. I hope it can be $500, it will be great new ATH for SOL. Do you think it is possible, mate?

The adoption rate of Solana which actually contributes to its price increment is very much improved by the meme launched on it's network.  Solana is still in its hype era and that's part of the reason you see many meme coins being launched on it's network. Price movement is directly relatable to liquidity and the more people that either purchase Solana directly or by purchasing meme coins , the more liquidity we will have on the network.

As at the time of me writing this post, solana seems to have experienced a little pull back but is still currently holding up a nice price . Anyways compared to a couple of other altcoins it's still doing quite okay.

[KryptoBull]

The adoption rate of Solana which actually contributes to its price increment is very much improved by the meme launched on it's network.  Solana is still in its hype era and that's part of the reason you see many meme coins being launched on it's network. Price movement is directly relatable to liquidity and the more people that either purchase Solana directly or by purchasing meme coins, the more liquidity we will have on the network.

As at the time of me writing this post, solana seems to have experienced a little pull back but is still currently holding up a nice price . Anyways compared to a couple of other altcoins it's still doing quite okay.

We can't deny the role of memecoins in Sol's excitement and SOL's price increase. Many other blockchains also support memecoins like Ton and Avax, but they haven't been able to achieve the same strong price increase for their native tokens. This means that Sol has been chosen by the memecoins trend, and the SOL price is strongly supported by this exciting trend.

Technically, millions of memecoin transactions have verified the stability of Sol after the latest upgrades and bug fixes. We can be confident in Sol's stability during the uptrend, and investors will have less to worry about FUD related to outages.

[bounceback]

We can't deny the role of memecoins in Sol's excitement and SOL's price increase. Many other blockchains also support memecoins like Ton and Avax, but they haven't been able to achieve the same strong price increase for their native tokens. This means that Sol has been chosen by the memecoins trend, and the SOL price is strongly supported by this exciting trend.

Technically, millions of memecoin transactions have verified the stability of Sol after the latest upgrades and bug fixes. We can be confident in Sol's stability during the uptrend, and investors will have less to worry about FUD related to outages.

Have many meme coins with solana network success right now and looks smooth for SOL network transaction around last several months ago. Since last longer time with Solana network conguisted and take around several days before back to normal right now never have any problem with Solana network.
I think memecoins trend and more popular at Solana have never problem with network delay or take longer time to make transaction, in the future seems Solana will be more popular than other network behind how many investor interested with solaan memecoins.

[Report]

I am surprised at those who are very confident in investing in Solana coins because considering that Solana coins often shut down the chain but Solana supporters still continue to support it. I am also surprised that Solana's market cap is increasing day by day and I even see on Coingecko its value beats BNB's market cap.
If I were given Solana coins for free, maybe I would hold and my target might be that Solan could reach 3,000 dollars. This is a long-term target and I will save it on DEX for staking or farming. Remember, this possibility is if I am given Solana coins for free, not I buy it myself with my capital. Cheersss

[KryptoBull]

I am surprised at those who are very confident in investing in Solana coins because considering that Solana coins often shut down the chain but Solana supporters still continue to support it. I am also surprised that Solana's market cap is increasing day by day and I even see on Coingecko its value beats BNB's market cap.
If I were given Solana coins for free, maybe I would hold and my target might be that Solan could reach 3,000 dollars. This is a long-term target and I will save it on DEX for staking or farming. Remember, this possibility is if I am given Solana coins for free, not I buy it myself with my capital. Cheersss

People used to be very worried about Sol's outages during the crypto winter, but in an uptrend, everything becomes more positive. The positive aspects are fully utilized for promotion and price boosting of the token. The influx of funds into Sol and the rise in SOL price confirm that investors are only concerned about profits and the network's instability has little impact on their investment decisions in SOL.

When you own SOL and make a profit from it, you tend to quickly sell to lock in profits and protect your assets. Currently, SOL is below 300, and it's really difficult to hold SOL until it reaches 3K.

[Report]

I am surprised at those who are very confident in investing in Solana coins because considering that Solana coins often shut down the chain but Solana supporters still continue to support it. I am also surprised that Solana's market cap is increasing day by day and I even see on Coingecko its value beats BNB's market cap.
If I were given Solana coins for free, maybe I would hold and my target might be that Solan could reach 3,000 dollars. This is a long-term target and I will save it on DEX for staking or farming. Remember, this possibility is if I am given Solana coins for free, not I buy it myself with my capital. Cheersss

People used to be very worried about Sol's outages during the crypto winter, but in an uptrend, everything becomes more positive. The positive aspects are fully utilized for promotion and price boosting of the token. The influx of funds into Sol and the rise in SOL price confirm that investors are only concerned about profits and the network's instability has little impact on their investment decisions in SOL.

So, in your conclusion, Solana is worth fully supporting, right?
1. When winter comes, everyone is afraid to buy Solana coins, plus the blockchain is shutting down.
2. When Bullish like now, everyone is rushing to buy Solana coins, so the price goes up.

When you own SOL and make a profit from it, you tend to quickly sell to lock in profits and protect your assets. Currently, SOL is below 300, and it's really difficult to hold SOL until it reaches 3K.

Are you serious about Solana reaching $3,000? What factors could drive the price of Solana coin up to $3,000?

[rdluffy]

I am surprised at those who are very confident in investing in Solana coins because considering that Solana coins often shut down the chain but Solana supporters still continue to support it. I am also surprised that Solana's market cap is increasing day by day and I even see on Coingecko its value beats BNB's market cap.
If I were given Solana coins for free, maybe I would hold and my target might be that Solan could reach 3,000 dollars. This is a long-term target and I will save it on DEX for staking or farming. Remember, this possibility is if I am given Solana coins for free, not I buy it myself with my capital. Cheersss

The last incident on Solana's network was in February, the only time this year that the network has a major outage, during almost 5 hours
Before that it was February 2023

As I've said a few times, it sucks to have incidents on a network, but it's improved a lot and today it's a stable network, I wouldn't say that's a concern for anyone who transacts on SOL's network

You can check the network status here: https://status.solana.com/uptime?page=1

[KryptoBull]

The last incident on Solana's network was in February, the only time this year that the network has a major outage, during almost 5 hours
Before that it was February 2023

As I've said a few times, it sucks to have incidents on a network, but it's improved a lot and today it's a stable network, I wouldn't say that's a concern for anyone who transacts on SOL's network

You can check the network status here: https://status.solana.com/uptime?page=1

+
Thank you very much for the link to track Sol's health. The Sol team is still successfully maintaining Sol's stability, ensuring the explosion of the memecoins trend and driving SOL price to a new ATH. This is truly a great success for Sol, and we can continue to trust the current team.

If Sol can maintain this stability throughout this uptrend, it could be chosen by large organizations for asset tokenization purposes. That would be a huge opportunity for Sol!

[Report]

I am surprised at those who are very confident in investing in Solana coins because considering that Solana coins often shut down the chain but Solana supporters still continue to support it. I am also surprised that Solana's market cap is increasing day by day and I even see on Coingecko its value beats BNB's market cap.
If I were given Solana coins for free, maybe I would hold and my target might be that Solan could reach 3,000 dollars. This is a long-term target and I will save it on DEX for staking or farming. Remember, this possibility is if I am given Solana coins for free, not I buy it myself with my capital. Cheersss

The last incident on Solana's network was in February, the only time this year that the network has a major outage, during almost 5 hours
Before that it was February 2023
As I've said a few times, it sucks to have incidents on a network, but it's improved a lot and today it's a stable network, I wouldn't say that's a concern for anyone who transacts on SOL's network

I think the blockchain being down for 5 hours is very long because all Solana coin transactions will definitely be stuck and cannot be sent. I think this incident will happen again if Solana does not immediately improve its technology that it has and is developing.

You can check the network status here: https://status.solana.com/uptime?page=1

Thanks for the information and I found it information about Solana blockchain going down.
Source :  https://status.solana.com/history?page=4

mb-020624
Block production on Solana mainnet beta resumed at 14:57 UTC, following a successful upgrade to v1.17.20 and a restart of the cluster by validator operators. Engineers will continue to monitor performance as network operations are restored. The outage began at approximately 09:53 UTC, lasting 5 hours. Core contributors are working on a root cause report, which will be made available once complete.
Feb 6, 10:22 - 15:09 UTC

What you said is true, it took more than 5 hours for the Solana Blockchain to recover from the outage, this is very worrying and I hope this incident does not happen again in the next day because as far as I know many other people say that 2025 will be Bullish.

[KryptoBull]

What you said is true, it took more than 5 hours for the Solana Blockchain to recover from the outage, this is very worying and I hope this incident does not happen again in the next day because as far as I know many other people say that 2025 will be Bullish.

We've witnessed many outage events on Sol in 2021 and users have gradually gotten used to it when using Sol. As long as the SOL price continues to rise, investors will become extremely lenient and accept the ongoing development for Sol.

However, from the perspective of applying blockchain to businesses, five hours is too long and it can affect the operation and image of a business. No enterprise would dare to risk testing this, and governments would also reject such an unstable service.

[Zisanan]

If you are SOL token investore, I'd like to know your views on Solana and SOL:
Did the Solana incident impact your decision to invest in SOL?
Are you really bothered by the failure of the Solana blockchain?
Do you believe that in the uptrend in 2025, the SOL token price will still grow and will not be negatively impacted by Solana blockchain outages?

1. No, they wouldn’t necessarily lead me to not to invest in SOL entirely. I know there will be issues on the blockchain, cos not all things are perfect..

2. Nope

3. Yes, I believe it will grow and will become stronger, but of course there will be ups and downs.. You see the solana has become a hub of memecoins, and sooner or later it will take on other niches, like AI and more.

[libert19]

I do, I am aware of Solana shut downs and recently the one that happened to SUI, despite the shutdowns I am invested in both. But, it's only for profit purposes, I won't be in for long.

[KryptoBull]

I do, I am aware of Solana shut downs and recently the one that happened to SUI, despite the shutdowns I am invested in both. But, it's only for profit purposes, I won't be in for long.

I understand this, and it's completely normal because most investors just want to make profits from the crypto market rather than caring about the future or the real potential of blockchain. As long as SOL and SUI continue to rise and make holders rich, many other investors will also invest in them despite the instability of the blockchain and the risks arising during outages. Even investors who are too cautious and too focused on technology can miss out on big opportunities like SOL and SUI.

[Report]

What you said is true, it took more than 5 hours for the Solana Blockchain to recover from the outage, this is very worying and I hope this incident does not happen again in the next day because as far as I know many other people say that 2025 will be Bullish.

We've witnessed many outage events on Sol in 2021 and users have gradually gotten used to it when using Sol. As long as the SOL price continues to rise, investors will become extremely lenient and accept the ongoing development for Sol.

I believe they are a solid community because they are able to continue to support the Solana coin and continue to trade it, even though Solana's position in 2021 is not profitable because it often Outages but Solana fanboys cannot be underestimated to continue to support the Solana coin.
Maybe because Solana on DEX also provides many benefits and I often see on the Coinmarketcap website that the most trending for DEX is in the Solana DEX section such as Raydium and ORCA, if I had a little Solana capital maybe I would try trading on Raydium DEX.

However, from the perspective of applying blockchain to businesses, five hours is too long and it can affect the operation and image of a business. No enterprise would dare to risk testing this, and governments would also reject such an unstable service.

Moreover, Solana is said to be applying to ETF for Solana coin acceptance, but if the fact is that Solana coins often Outage, it seems that ETF will reject it. Or maybe Solana has been approved by ETF? Do you know this information?

[KryptoBull]

I believe they are a solid community because they are able to continue to support the Solana coin and continue to trade it, even though Solana's position in 2021 is not profitable because it often Outages but Solana fanboys cannot be underestimated to continue to support the Solana coin.
Maybe because Solana on DEX also provides many benefits and I often see on the Coinmarketcap website that the most trending for DEX is in the Solana DEX section such as Raydium and ORCA, if I had a little Solana capital maybe I would try trading on Raydium DEX.

Moreover, Solana is said to be applying to ETF for Solana coin acceptance, but if the fact is that Solana coins often Outage, it seems that ETF will reject it. Or maybe Solana has been approved by ETF? Do you know this information?

Sol has a large community since 2021 thanks to its high speed and low fees, so it has the opportunity to rise from the ashes of FTX. Not every project can make such a spectacular comeback, Sol is a special success case!

Sol Devteam cannot submit a spot SOL ETF proposal themselves. This can only be done by large funds in the US market. Instability issues do not affect its chances of being approved in the future. I think the SEC will consider the demand for trading SOL-related assets from traditional investors to make a decision.