Solana might be next leading, after Ether & bnb.
Solana might be next leading, after Ether & bnb.
Many said, its gone! But bounce back of solana make surprise everyone. And this time it becomes so developed than before. And it has everything now even it seems, people showing their interest about solana’r projects. That’s why projects under solana chain, become so hit and most of the project get successful. Recently Memecoin WIF, BONk, BOME launched through Solana Ecosystem and now leading in crypto industry, even they made lots of people millionaires. Is it coincidence or solana ecosystem is going to lead After ether and bnb?
Solana bounced back but it’s not the same as some other projects which are failing. Many projects which were hyped in 2017 won’t come back just because Solana came back.
Solana went down due to the Ftx scandal and FTX owned a large portion of SOL and hence why it suffered the most compared to other large cap coins. They also owned tons of locked SOL which the lawyers sold recently at a discount to some party.
I don’t know how many millionaire were made after investing in those meme coins but I am aware that these three have gained a lot of hype. Solana is gaining popularity only because of airdrops and meme coins. Which for me is just a hype that will pass away soon.
Undoubtedly, Solana is doing pretty well and at number 5 in the market capitalization unsurprisingly after it went down. However, no one should be carried away by allocating more than what he or she can afford to lose for there is much guarantee especially when it comes any other coins other than Bitcoin which has proven to be best of all time since invention. That is the reason why it always advisable not to allocate more than 10% of your Bitcoin investment in other coins.