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Author Topic: Current status of solana coin....  (Read 10159 times)

Offline rizqillah

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Re: Current status of solana coin....
« Reply #30 on: September 08, 2024, 08:41:44 AM »
Many people are hopeful about solana ETF ,because they expect solana price to go high but it seems like SEC is not sure to approve their proposal.
I also have solanna price target at $300. because for $500 I think it is too high.
Right now is a good time to buy solana because solanan price is currently $124, this is a low price to buy
SEC won't make it easy to approve Solana ETF but it is not something impossible. I'm very sure that SEC will finally approve Solana ETF in the next year. SEC still considers many things before they accept Solana, they don't want it will make something bad for every people who join ETF spot.

$300 is very possible to achieve. But I think it won't be easy to achieve now. The current price is still far from $300 but Solana sometimes can increase quickly. It will be faster if it increases in the altcoin season.
I am targeting solana price to reach 4250 next year, no matter whether solana ETF is approved or not but during bull season solana has the ability to reach $250 because of its popularity.
SEC is still studying solana ETF proposal, let's just wait for the good news.

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Re: Current status of solana coin....
« Reply #30 on: September 08, 2024, 08:41:44 AM »

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Offline MUGNIA

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Re: Current status of solana coin....
« Reply #31 on: September 08, 2024, 05:30:34 PM »
Many people are hopeful about solana ETF ,because they expect solana price to go high but it seems like SEC is not sure to approve their proposal.
I also have solanna price target at $300. because for $500 I think it is too high.
Right now is a good time to buy solana because solanan price is currently $124, this is a low price to buy
SEC won't make it easy to approve Solana ETF but it is not something impossible. I'm very sure that SEC will finally approve Solana ETF in the next year. SEC still considers many things before they accept Solana, they don't want it will make something bad for every people who join ETF spot.

$300 is very possible to achieve. But I think it won't be easy to achieve now. The current price is still far from $300 but Solana sometimes can increase quickly. It will be faster if it increases in the altcoin season.
I am targeting solana price to reach 4250 next year, no matter whether solana ETF is approved or not but during bull season solana has the ability to reach $250 because of its popularity.
SEC is still studying solana ETF proposal, let's just wait for the good news.

Hopefully there will be good news from Sol soon, but whether you agree or not, I will still invest in Sol, because I believe Sol can give me victory during the upcoming bull run.

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Re: Current status of solana coin....
« Reply #31 on: September 08, 2024, 05:30:34 PM »

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Offline salad daging

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Re: Current status of solana coin....
« Reply #32 on: September 08, 2024, 06:23:40 PM »
Therefore, some might prefer to buy some memes that could make a lot of multiples in a short period of time instead of waiting for Solana which might not rise much or might be delayed in rising.
Memes in solana are really scary, it's not easy what is said can multiply profits in a short time because not all memes can rise high, if we are unlucky, we may get garbage memes that end up becoming rugpull, this is for those who are willing to take big risks.

But people who want to be safer then it is better to buy solana even though the increase will not be significant as long as they can be patient waiting then the profit will arrive.

Online yhiaali3

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Re: Current status of solana coin....
« Reply #33 on: September 08, 2024, 09:41:12 PM »
Memes in solana are really scary, it's not easy what is said can multiply profits in a short time because not all memes can rise high, if we are unlucky, we may get garbage memes that end up becoming rugpull, this is for those who are willing to take big risks.
Yes I agree with you, although some memes on Solana have achieved huge price increases in a short period, but they quickly faded and their price decreased, others are scams or rug pullers, so buying memes carries a great risk, it is like a gambling game, either you win big or lose everything.

Offline rizqillah

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Re: Current status of solana coin....
« Reply #34 on: September 09, 2024, 10:06:47 PM »
Memes in solana are really scary, it's not easy what is said can multiply profits in a short time because not all memes can rise high, if we are unlucky, we may get garbage memes that end up becoming rugpull, this is for those who are willing to take big risks.
Yes I agree with you, although some memes on Solana have achieved huge price increases in a short period, but they quickly faded and their price decreased, others are scams or rug pullers, so buying memes carries a great risk, it is like a gambling game, either you win big or lose everything.
Coin memes are coins that in my opinion are not suitable for the long term because they are very risky, if we want to invest in coin memes, you should do research and short terms. If we are right in buying and selling it we will get a profit. As we see many memes coins that use the Solana network, the hype then fades. But if we are late selling, then we will suffer losses, that's the meme coins.

Offline Legion

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Re: Current status of solana coin....
« Reply #35 on: September 11, 2024, 04:04:23 AM »
Memes in solana are really scary, it's not easy what is said can multiply profits in a short time because not all memes can rise high, if we are unlucky, we may get garbage memes that end up becoming rugpull, this is for those who are willing to take big risks.
Yes I agree with you, although some memes on Solana have achieved huge price increases in a short period, but they quickly faded and their price decreased, others are scams or rug pullers, so buying memes carries a great risk, it is like a gambling game, either you win big or lose everything.
Coin memes are coins that in my opinion are not suitable for the long term because they are very risky, if we want to invest in coin memes, you should do research and short terms. If we are right in buying and selling it we will get a profit. As we see many memes coins that use the Solana network, the hype then fades. But if we are late selling, then we will suffer losses, that's the meme coins.
Meme coins are indeed fun in the short term but if you want to consider investing in it, you are taking a big risk so be mindful about that. Thus, the profit that or-gains can get is quite good if they are able to purchase at the right time and sell when people are not as interested anymore. However, this is double-edited because many people act swiftly in the meme coin market, especially on the Solana network as soon as the markets cool down, the price can also plummet. Hence, it is advisable always to do research before investing in the market and also have a plan on when and how to exit, do not find your self stuck in a loss position when you are selling your stocks too late.

Online yhiaali3

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Re: Current status of solana coin....
« Reply #36 on: September 11, 2024, 06:35:50 AM »
Meme coins are indeed fun in the short term but if you want to consider investing in it, you are taking a big risk so be mindful about that. Thus, the profit that or-gains can get is quite good if they are able to purchase at the right time and sell when people are not as interested anymore.
Yes, this is absolutely true, meme coins are not suitable for long-term investment at all because they are very risky, as most of these coins decline significantly over time.

The biggest mistake new investors make is when they see a meme coin rising strongly, they buy it thinking that it will continue to rise many times over, but they get disappointed when it starts to decline and lose their money, so my advice is that no one should buy a meme coin that is rising.

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Re: Current status of solana coin....
« Reply #36 on: September 11, 2024, 06:35:50 AM »


Offline _act_

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Re: Current status of solana coin....
« Reply #37 on: September 12, 2024, 12:09:21 PM »

Tell us your price opinion about solana coin.  Many people have already posted about this coin.  But no one said anything clearly I opened this new tropic cock here to discuss this coin.  I would like your opinion on what its future could be.

Solana is currently working by the market trend of what bitcoin gives, if bitcoin dips, its follows on the same pattern and while its rising, Solana also rises along with it, this is what i have observed unlike other coins in which whereby you discover partial reflection form what the bitcoin market gives, though bitcoin trend as a complete and general determinant of what the crypto market gives and nothing changes about that.

Offline rizqillah

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Re: Current status of solana coin....
« Reply #38 on: September 12, 2024, 04:07:29 PM »

Tell us your price opinion about solana coin.  Many people have already posted about this coin.  But no one said anything clearly I opened this new tropic cock here to discuss this coin.  I would like your opinion on what its future could be.

Solana is currently working by the market trend of what bitcoin gives, if bitcoin dips, its follows on the same pattern and while its rising, Solana also rises along with it, this is what i have observed unlike other coins in which whereby you discover partial reflection form what the bitcoin market gives, though bitcoin trend as a complete and general determinant of what the crypto market gives and nothing changes about that.
In fact, it's not only Slana that always follows Bitcoin, but almost all altcoins will follow Bitcoin's movements, although there are some altcoins that still show good movements when Bitcoin experiences a decline, but these coins will not reach ATH before Bitcoin shows a good increase.

Offline Legion

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Re: Current status of solana coin....
« Reply #39 on: September 13, 2024, 11:25:52 AM »

Tell us your price opinion about solana coin.  Many people have already posted about this coin.  But no one said anything clearly I opened this new tropic cock here to discuss this coin.  I would like your opinion on what its future could be.

Solana is currently working by the market trend of what bitcoin gives, if bitcoin dips, its follows on the same pattern and while its rising, Solana also rises along with it, this is what i have observed unlike other coins in which whereby you discover partial reflection form what the bitcoin market gives, though bitcoin trend as a complete and general determinant of what the crypto market gives and nothing changes about that.
In fact, it's not only Slana that always follows Bitcoin, but almost all altcoins will follow Bitcoin's movements, although there are some altcoins that still show good movements when Bitcoin experiences a decline, but these coins will not reach ATH before Bitcoin shows a good increase.
In many cases, Bitcoin is the first index for the rest of the cryptocurrencies’ value changes. Altcoins in general tend to move in the same trend as the Bitcoin but there are some which still have positive performance even on the bitcoin low days. This is how dominant Bitcoin is to the total market as seen in the following chapters.

However, if the Bitcoin is in a higher positively directed trend, this could be an excellent signal for altcoins. Sometimes, it starts with Bitcoin and then the other altcoins can also move up although this more often than not is not the case. Therefore, follow the progression of Bitcoin and the occurrences that surround it and use its performance as a guide to look at any other altcoins that you wish to invest in.

Offline bitterguy28

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Re: Current status of solana coin....
« Reply #40 on: September 13, 2024, 01:38:55 PM »
In many cases, Bitcoin is the first index for the rest of the cryptocurrencies’ value changes. Altcoins in general tend to move in the same trend as the Bitcoin but there are some which still have positive performance even on the bitcoin low days. This is how dominant Bitcoin is to the total market as seen in the following chapters.
if bitcoin is not doing so well yet an altcoin is seen to have some upward momentum then it must mean that something particularly good has happened to that altcoin most likely it’s positive news like something with regards their development or regulatory changes that might have favor the project
Quote
Therefore, follow the progression of Bitcoin and the occurrences that surround it and use its performance as a guide to look at any other altcoins that you wish to invest in.
like we said some projects might swerve away from the performance of bitcoin it also applies to when bitcoin is doing great an altcoin might not follow for particular reasons so still be careful and invest wisely

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Re: Current status of solana coin....
« Reply #41 on: September 13, 2024, 08:25:36 PM »
A very generic answer is according to the current performance SOL performed well under the correction market timeline, but there were not many entry chances, as in other projects we got, due to the strong support level. It's good and bad as there were not many entries in the low time of the market which indicates investors are not interested in buying at high and they are not expecting a high return on the current level. TBH in my view as well current price is not worth entry-taking as we can see a profit book zone right ahead when the market moves a little in a bullish mode where old investors are gonna use you as exit liquidity, In the second scenario SOL can outperform any coin but there still some other cheap coins with higher potential and return ratio.

A very confusing risk-to-reward ratio in SOL, if I could have it below 100 bucks TBH I must have made it my first priority.
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Offline rizqillah

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Re: Current status of solana coin....
« Reply #42 on: September 13, 2024, 10:41:47 PM »
A very generic answer is according to the current performance SOL performed well under the correction market timeline, but there were not many entry chances, as in other projects we got, due to the strong support level. It's good and bad as there were not many entries in the low time of the market which indicates investors are not interested in buying at high and they are not expecting a high return on the current level. TBH in my view as well current price is not worth entry-taking as we can see a profit book zone right ahead when the market moves a little in a bullish mode where old investors are gonna use you as exit liquidity, In the second scenario SOL can outperform any coin but there still some other cheap coins with higher potential and return ratio.

A very confusing risk-to-reward ratio in SOL, if I could have it below 100 bucks TBH I must have made it my first priority.
Actually there is no doubt that solana will experience a high price increase next year, according to my analysis solana coins are still quite potential if purchased now. the current price of solana is $ 138 and we know solana has reached ATH $ 260, so the possibility of getting profit is still there. Unless you want short term trading.

Offline salad daging

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Re: Current status of solana coin....
« Reply #43 on: September 13, 2024, 10:42:40 PM »
Meme coins are indeed fun in the short term but if you want to consider investing in it, you are taking a big risk so be mindful about that. Thus, the profit that or-gains can get is quite good if they are able to purchase at the right time and sell when people are not as interested anymore.
Yes, this is absolutely true, meme coins are not suitable for long-term investment at all because they are very risky, as most of these coins decline significantly over time.

The biggest mistake new investors make is when they see a meme coin rising strongly, they buy it thinking that it will continue to rise many times over, but they get disappointed when it starts to decline and lose their money, so my advice is that no one should buy a meme coin that is rising.
It's a big mistake for them to turn memes into an investment - for me, memes are like gambling that you have to be prepared to lose because we know that if it goes up tomorrow, it can go down drastically.

Yeah new investors always see the profit and never think about the risk of how the meme is, when the meme goes up they will FOMO and buy it while it is high, and when it goes down they scream because they lose what they have bought in the meme.

There is only regret.

Offline doc

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Re: Current status of solana coin....
« Reply #44 on: October 15, 2024, 10:30:14 AM »
Meme coins are indeed fun in the short term but if you want to consider investing in it, you are taking a big risk so be mindful about that. Thus, the profit that or-gains can get is quite good if they are able to purchase at the right time and sell when people are not as interested anymore.
Yes, this is absolutely true, meme coins are not suitable for long-term investment at all because they are very risky, as most of these coins decline significantly over time.

The biggest mistake new investors make is when they see a meme coin rising strongly, they buy it thinking that it will continue to rise many times over, but they get disappointed when it starts to decline and lose their money, so my advice is that no one should buy a meme coin that is rising.
It's a big mistake for them to turn memes into an investment - for me, memes are like gambling that you have to be prepared to lose because we know that if it goes up tomorrow, it can go down drastically.

Yeah new investors always see the profit and never think about the risk of how the meme is, when the meme goes up they will FOMO and buy it while it is high, and when it goes down they scream because they lose what they have bought in the meme.

There is only regret.
New Bies is always interested in fast and large profits, and when the coin hype meme will provide that advantage, but they forget that this will take place quickly if we are late entry and exit we will lose our money. Actually coin memes also have the potential for those who already have experience there, if we don't have good experience, you should not invest in coin memes because the risk is very high.

 

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