How long will the current Solana craze continue?

[Wiwo]

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.

Right, because no matter how bullish a market could be, the general market conditions still have a significant effect on them and at some point their will experience draw back in price,  just like what the market os entertaining right now, the major target was bitcoin but since bitcoin is a major determinant factory in the cryptocurrency market,  it price sump is affecting all other coins in the market.

So indeed,  not coin has the ability to continue to increases in value consistently without making a dump or correction that give new investors opportunity to buy at discounted price, so for sure solo will at some point bow to market pressure.

[vegasus]

So indeed,  not coin has the ability to continue to increases in value consistently without making a dump or correction that give new investors opportunity to buy at discounted price, so for sure solo will at some point bow to market pressure.

It's usually like that. That's why there will always be a market correction in every game, to consider the support and resistance that can be achieved. It's just that, no matter how strong the coin is to withstand the drop or correction, it can actually pump quite significantly at some point. Because after all, there are coins that apparently can't do it. but for Solana, I personally am very confident. This project is very mature and the fundamentals are very strong. It's only because of market conditions like this that SOL has fallen. And it's not a problem, it still has a high market and more and more investors are coming in. So, we just have to be more patient to see a significant increase in Solana later.

[bitterguy28]

So indeed,  not coin has the ability to continue to increases in value consistently without making a dump or correction that give new investors opportunity to buy at discounted price, so for sure solo will at some point bow to market pressure.

we need to keep in mind that cryptocurrency is volatile in nature and it will never be consistent even bitcoin that has been proven to continue increase in price, does not increase on a constant line

this is what makes crypto so unpredictable despite the many tools we have now to try and analyze where the market will go there is still no sure ways to accurately predict the next movement the best we can do is speculate

[Wiwo]

So indeed,  not coin has the ability to continue to increases in value consistently without making a dump or correction that give new investors opportunity to buy at discounted price, so for sure solo will at some point bow to market pressure.

we need to keep in mind that cryptocurrency is volatile in nature and it will never be consistent even bitcoin that has been proven to continue increase in price, does not increase on a constant line

this is what makes crypto so unpredictable despite the many tools we have now to try and analyze where the market will go there is still no sure ways to accurately predict the next movement the best we can do is speculate

I agree with you because cryptocurrency market react to alot of factors such as news and other things that could cause the price to drop significantly, but between that also is the fact that at some point, the market gives both opportunities to buyers and at the same time to seller's but in all of this, no one can predict when and which direction the market will take so we need to make ourselves prepared all the time to avoid such scenerio that can make us miss out of those chances.

I so accept the fact that no coin have that steadily ability to keep increasing in price, but at some point somehow, somethings goes on that reflect on the price at each point.

[Agbe]

How is the Solana's network congestion? Is it still the same? I am asking those who are still currently using the network. Because of the congestion issue, I have left it since a long time ago. And if the network continues like that then they will lose customers or investors because nobody is investing to lose and Ethereum has made many investors to loss. And I believed Solana has done that also.

[Wiseman]

Well, this topic was named correctly because in fact all coins have their potential, that is, it can be called a fashion and everything is correct, if a coin is in fashion, then no one wants to invest in it, at the moment we see a trend that no one wants to invest in Solana and we do not see a good price on the market.

[MrSpasybo]

How is the Solana's network congestion? Is it still the same? I am asking those who are still currently using the network. Because of the congestion issue, I have left it since a long time ago. And if the network continues like that then they will lose customers or investors because nobody is investing to lose and Ethereum has made many investors to loss. And I believed Solana has done that also.

We experienced many Solana outages during the bullrun 2021, yet SOL price surged incredibly, indicating that network stability doesn't entirely dictate token price. The ecosystem's vibrancy, new capital influx, and FOMO among new investors were the key drivers that propelled SOL to $250.

A similar scenario could unfold in this bullrun, as the Solana Devteam has made significant strides in enhancing network stability. The inflow of funds from large institutions further bolsters my confidence in SOL reaching a new ATH in this cycle, regardless of how many outages Solana might face in 2025 as the network operates at full capacity during the bullrun.

[Agbe]

] I don't know if it has come out from the outage. The price now is $146 though the price is not too bad but I was asking of the congestion level. Has it reduced or it is still the same? Someone told me that Ethereum is still having the same issue with the congestion and now the price for is $2,673. Which means those who started their investment in the month January 2024 is still at the losing side. Because as of that time the price $2+k and in the February and March it was 3k$ so throughout this year, the price will not hit $4k again. Ethereum and Solana are the once spoiling the altcoin Market.

[Manna]

Your observation is correct that there is a lot of hype and activity around the Solana chain, especially seeing a significant increase in the number of developers and user activity.  This may be due to Solana Network's strong performance, low fees and scalability, which make it an attractive platform for developers.  Big platforms, such as Binance, KuCoin, and Bybit, hosting Solana-themed events further fueled this activity.  Initiatives by platforms like Bitget, where major tokens like $Bome, $Jto, $Jup, $Ponk, and $Sol are being highlighted, are also strengthening Solana's popularity and its place in the market.While it is difficult to predict how long this heightened activity will last, it is clear that this is an important time for the crypto community right now.  This can be an opportunity for investors, but safety and awareness are always important.  To be involved in the market it is always important to be vigilant and do proper research. Thanks for your advice to stay aware and alert.  May the force be with you!

[erus]

As long as there are many enthusiasts for this Solana coin, the price will continue to rise and of course this is a factor of the Solana coin community. One day the Solana coin may also die or the Solana coin will continue to rise in price depending on the development of the coin by the Founder of the Solana coin itself. I note that for now the Solana coin still has hope to rise again approaching BNB and ETH.

[NikeFit_7777]

SOL - historical data indicates that when a small banana zone starts, $SOL is the first to rush in and keep prices low.

With the fragmentation of liquidity now being pulled by TRX, BSC - it's a bit of a stretch. And we are now seeing some rounding on the chart where I believe the first target is the $164 area.

The mid to large capitalization memes on SOL should also turn on. Such as, WIF, BONK, POPCAT, and others. To wave goodbye to everyone again and show which projects will move their price range somewhere higher.

Of all the memes listed, I'm more infected with the idea of $WIF, probably because I was one of the early buyers of this great meme, and believe in what I described a bit above, let's see if that's actually the case.

[luckyledger]

As long as there are many enthusiasts for this Solana coin, the price will continue to rise and of course this is a factor of the Solana coin community. One day the Solana coin may also die or the Solana coin will continue to rise in price depending on the development of the coin by the Founder of the Solana coin itself. I note that for now the Solana coin still has hope to rise again approaching BNB and ETH.

Even with meme hype going to TRON as I've heard recently, I think it's a great opportunity for SOL to roll up some innovation and start thinking what to do next, so to speak

[philipma1957]

I sold off most of my Solana. but i do mine with my helium hot spot which does make iot tokens that i convert to solana.

so solana still has a large hardwire network that works with it. I feel buying n solana is an okay thing to do.

[Parzival204]

Maybe it's a good idea for us not to be careless. Maybe this is just an interesting start. SOL is currently an interesting topic to discuss, considering that in terms of quality it is presented not much different from BTC. But we have to continue to carry out analysis, such as monitoring market prices and factors that enable us to choose SOL as the solution for now.

[Hisbullah]

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.

The market will likely be like this until October, so we have to be prepared for this situation. The bullish season is likely to start at the end of this year, the price of bitcoin could approach $90K, but this is just a prediction. It is better to prepare funds to buy potential coins that will experience high increases next year.