Since Q4 of last year, I’ve been buying dips on major tokens, and I consider Solana one of them due to its ecosystem's relevance to meme coins, DeFi, and other narratives. Now that the price might be at a discount, what could be the best risk-free method to accumulate more? Options like bounties/giveaways, trading, or dollar-cost averaging (DCA) come to mind.
Also, based on your experience, where do you think Solana could be by the end of the year (EOY)?
Well, I did not invest in Sol, because I also found the $300 value of one Sol very high. I mean it was very expensive to buy at that price. Many analysts (I remember) predicted the same thing, that it would drop to $160 even, and it really did. Although I was in doubt that it wouldn't because if it dumped that much, it means ETH dumping below $2800, which was a big support at that time.
But the market had other plans, everything dumped more than 50% and made people a hell lot of loss, including me, although I am in spot, so there is still hope for me.
I think till the EOY, it can at least make a new ATH, but the possibility of that happening is very low honestly.