Is Solana Holding going to be profitable?

[laijsica]

It can be emphasized that regular holding for solana investors is an expectation of high profits for the future. VanEck and 21Shares filed applications to launch the Solana ETF last week, and it is expected that approval could be easier if Donald Trump wins the next election and retaking the White House. The Biden administration's tough stance on cryptocurrency may not make its approval easy. Donald Trump's recent positive attitude towards crypto increases the likelihood of its approval.

https://www.coindesk.com/news-analysis/2024/06/28/solana-etf-applications-look-like-bets-on-trump-retaking-white-house-making-us-friendlier-to-crypto/

[bitmover]

It can be emphasized that regular holding for solana investors is an expectation of high profits for the future. VanEck and 21Shares filed applications to launch the Solana ETF last week, and it is expected that approval could be easier if Donald Trump wins the next election and retaking the White House. The Biden administration's tough stance on cryptocurrency may not make its approval easy. Donald Trump's recent positive attitude towards crypto increases the likelihood of its approval.

https://www.coindesk.com/news-analysis/2024/06/28/solana-etf-applications-look-like-bets-on-trump-retaking-white-house-making-us-friendlier-to-crypto/

I don't think neither trump or Biden can have all that influence in this particular ETF approval.

It was in Biden administration when both bitcoin and Ethereum etf were approved.

I think that in the next 5 years basically all high marketcap coins will have their own etf or they will be a share in some altcoin basket etf.

This cannot be stopped imo.

In Brazil, we have lots of cryptocurrencies etf for quite some time already. About 4 years.

[akeemqaz]

In my opinion, holding Solana will be profitable. We haven't yet seen a significant bull market in this cycle, and some anticipate Solana could potentially reach $1,000 USD during such a market. During bull market period, some previously inactive memecoins might see renewed interest. But when the bear market begins again, there's a risk of most memecoins losing value rapidly.

[salad daging]

So do you think the approval of the ETF was due to influence over the winner of the current election? Because Donald Trump supports crypto so this is a reference for you to solana ETF approved?

I'm not so sure, but still Trump has no control over this, right?

So as HODLing will it be beneficial for Solana? It's clear that when the bullishness comes, the solana price could increase again.

[UNIVERSE]

In my opinion, holding Solana will be profitable. We haven't yet seen a significant bull market in this cycle, and some anticipate Solana could potentially reach $1,000 USD during such a market. During bull market period, some previously inactive memecoins might see renewed interest. But when the bear market begins again, there's a risk of most memecoins losing value rapidly.

I also think holding Solana is still profitable because we have no reasons to claim it not profitable. Although the price of Solana is decreasing a lot today, but it looks increasing again quickly. Solana is one of the trending coins in this bullrun season, so it won't be easy to take profits from Solana. Its ATH was $259 and I think it is very possible to reach the ATH again. However, I think it is too high if we expect for $1k for the price of Solana. I think it is possible to reach $400 - $500, but to reach $1,000 seems very difficult.

About meme coins, the price is too volatile and it has no fundamentals. It is different with Solana which has a strong fundamental. Why we talk meme coins here? 

[akeemqaz]

In my opinion, holding Solana will be profitable. We haven't yet seen a significant bull market in this cycle, and some anticipate Solana could potentially reach $1,000 USD during such a market. During bull market period, some previously inactive memecoins might see renewed interest. But when the bear market begins again, there's a risk of most memecoins losing value rapidly.

About meme coins, the price is too volatile and it has no fundamentals. It is different with Solana which has a strong fundamental. Why we talk meme coins here? 

. I was trying to refer to how memecoins play a significant role in boosting the SOL ecosystem's growth and during bull markets, these coins tend to experience strong price increases alongside SOL's rising value and as market sentiment shifts, traders often choose to sell their memecoin holdings and convert profits into SOL. This behavior typically results in the decline of weaker memecoins, while supporting SOL's value.

[yhiaali3]

Yes, I expect that the continued accumulation of Solana over the coming months will be profitable due to the wait for ETF approval. Solana’s price rose as soon as talk about the possibility of approval spread in the media.

This issue is not lost on the whales, and they will begin to collect large quantities in the coming period, awaiting approval. It can be said that now is an appropriate time to start assembling Solana for those who want some adventure, although I believe that approval will be obtained sooner or later, but one must be careful that approval may not be obtained, and then it could happen A major correction occurs in SOL price.

[armanda90]

So do you think the approval of the ETF was due to influence over the winner of the current election? Because Donald Trump supports crypto so this is a reference for you to solana ETF approved?

I'm not so sure, but still Trump has no control over this, right?

So as HODLing will it be beneficial for Solana? It's clear that when the bullishness comes, the solana price could increase again.

Bearish come last two day make Solana drop to lower price but easily faster recovery back to higher price, I think what ever the election of United State president can't controlling well with cryptocurrency price but has positive side Donald Trump as candidate more support with bitcoin and altcoin.
Solana will get positive impact if Donald Trump as the winner of election but I don't sure he can full controlling with bitcoin in the future because he only promising give more space for bitcoin and altcoin become legal payment currency transaction.

[salad daging]

So do you think the approval of the ETF was due to influence over the winner of the current election? Because Donald Trump supports crypto so this is a reference for you to solana ETF approved?

I'm not so sure, but still Trump has no control over this, right?

So as HODLing will it be beneficial for Solana? It's clear that when the bullishness comes, the solana price could increase again.

Bearish come last two day make Solana drop to lower price but easily faster recovery back to higher price, I think what ever the election of United State president can't controlling well with cryptocurrency price but has positive side Donald Trump as candidate more support with bitcoin and altcoin.
Solana will get positive impact if Donald Trump as the winner of election but I don't sure he can full controlling with bitcoin in the future because he only promising give more space for bitcoin and altcoin become legal payment currency transaction.

Not only Solana fell from the impact of the market crash, all coins experienced this decline due to some news where the government sold its bitcoin on the exchange and Mtgox has started distributing bitcoin to its creditors.

Looking at the news with some polls that Trump seems to have a lot of support among other candidates, but about support for certain altcoins it's not sure, it's just that he gives a lot of space as you said, which means it's not just Solana, while the ETF proposal is not from a president.

[JoyMarsha]

Being the president of a country doesn't usually mean that anything they somehow promoted during the election campaign will be easily put into law.

Trump being positive about crypto doesn't mean that he can easily grant Solana ETF when becomes the president. There are people to handle that, to grant Solana ETF or not. Trump has no interference in that. Did the bitcoin and ethereum ETF approval, get approved because Biden sanctioned it? That's the question you should ask yourself.

[bitterguy28]

It can be emphasized that regular holding for solana investors is an expectation of high profits for the future. VanEck and 21Shares filed applications to launch the Solana ETF last week, and it is expected that approval could be easier if Donald Trump wins the next election and retaking the White House. The Biden administration's tough stance on cryptocurrency may not make its approval easy. Donald Trump's recent positive attitude towards crypto increases the likelihood of its approval.

https://www.coindesk.com/news-analysis/2024/06/28/solana-etf-applications-look-like-bets-on-trump-retaking-white-house-making-us-friendlier-to-crypto/

After a lot of talks and a lot of shilling about Solana networks and all of the associated projects inside this not Solana is returning to its original form and that is hundred dollars and below

https://coinmarketcap.com/currencies/solana/

not to brag all Solana supporters there because I am also one fot hos who boosted by this project but to say what I believe is happening .

Yes, I expect that the continued accumulation of Solana over the coming months will be profitable due to the wait for ETF approval. Solana’s price rose as soon as talk about the possibility of approval spread in the media.

aren't Solana is being Hyped nowadays? there are so much good words being delivered and I can see once these expectation fails? so much tears will flow again like what had happened to other over hyped projects .

[hugeblack]

Hodling means long-term holding and all cryptocurrencies fail at being a good long-term investment.
Solana ETF, if anything happens, will have a limited impact, just as happened with Ethereum, and therefore long-term investment in it will be useless. Trading in the Solana pair can be considered profitable, but long-term investment is not.

[yhiaali3]

aren't Solana is being Hyped nowadays? there are so much good words being delivered and I can see once these expectation fails? so much tears will flow again like what had happened to other over hyped projects .

Yes, I warned in my previous posts that it is possible for Solana to fail and not obtain approval. Therefore, investors who want to invest must be careful because if approval is not obtained, the opposite will certainly happen and the price will decline significantly.

We also mentioned that the Solana network suffered from problems and downtime in the past, so this could have a negative impact unless the developers remedy the situation and work on important improvements to the network to prevent such problems from occurring in the future.

[Husires]

We also mentioned that the Solana network suffered from problems and downtime in the past, so this could have a negative impact unless the developers remedy the situation and work on important improvements to the network to prevent such problems from occurring in the future.

Solana network stopped several times, yet the price rose. Investors are looking for technical analysis and profits, and they rarely even withdraw these currencies to their wallets, as the technical problems of such currencies will not affect the short-term performance.
Solana rose, which means that the upcoming rises will be lower, and profits will be lower, with a higher probability of achieving losses.

[pakhitheboss]

This new news about Solana ETF can be a game changer for those who are planning to hold it. By next year March analysts tip that a final decision about the spot ETF should be out. If it gets approved then it will get a good price hike which will be profitable for the holders. A long-term hold has always generated good returns for investors but the only issue is will the Solana network be able to handle buying and selling pressure in the future.

Source: https://cointelegraph.com/news/solana-etf-deadline-tipped-march-vaneck-21-shares-filings