Solana

dirk_dangler

From their website https://solana.com/

But then we have this from

https://solanabeach.io/validators

1405 validators and it only takes 20 to work together to halt the chain. No wonder it went down 3 times in the last few months

Now look at these slimy pricks, Solana whales. They will dump on you hard, so be careful.

https://streamable.com/55uck7

One of them is Chamath Palihapitiya who told people don't sell Tesla shares, meanwhile the prick was selling his.

https://streamable.com/np9qb7

Here is is justifying short selling after pumping up the price and then dumping it on investors and then saying DYOR

https://streamable.com/w1ha70

be careful with these pricks holding millions of SOL

Potatoeman

There already is a decentralise project underway:

https://marinade.finance/

Whales are on every chain. Not much you can do about them but take profits from every crypto when you can and always hold some cash. Bad validators get slashed too.

Compared to Eth it’s lightning fast and far more aesthetic.

Shapey Fiend

It's definitely got a bit of an image problem at the moment. Perception is it's the home of dodgy VC tokens that dump on retail.

Potatoeman

https://www.boards.ie/discussion/comment/118533303#Comment_118533303

This is a risk with every startup. The vc’s can sell at any time and be up 100x plus. Look at the yearly already.

Seems like opensea is launching phantom integration soon to get into the high NFT volume on Sol.

Shapey Fiend

https://www.boards.ie/discussion/comment/118536374#Comment_118536374

Well the crucial part is how many of the tokens go on public sale and this chart, while not necessarily terribly up to date, is sort of representative of the kind of thing you find on Solana. There are some fine projects but lots of stuff overly skewed towards insiders at expense of retail.

Potatoeman

https://www.boards.ie/discussion/comment/118537620#Comment_118537620

VCs do good research, they usually get good returns. You are going to see more of this as it’s not possible to launch without it these days. It’s a victim of its own success. Ran up to high too fast.

dirk_dangler

More SOL woe, looks like a $250million exploit

https://twitter.com/samczsun/status/1488974372756987906

dirk_dangler

Apparently 80k ETH stolen and SOL will have to take the hit

https://twitter.com/0xbigben/status/1488978252618031107

Potatoeman

It already been patched. The bridge is used by Binance and Terra too. We’ll see what happens now.

Shapey Fiend

All bridges are apparently highly risky. I've seen people warn about them before.

I've got quite a bit of $BASIS which I can start to feel happier about now it's starting to recover.

Lots of Twitter fud lately that the new "suits chain" update to sort down issues will prioritise large stakers allowing them to front run retail investors.

melven100

Solana is appealing. Much cheaper than Ethereum. While paying $50 ETH gas fees per transaction during gas wars, Solana takes a few cents. Still, technology is very young and have issues sometimes.

Potatoeman

For those that missed the Solend debacle:

https://www.fxstreet.com/cryptocurrencies/news/how-solana-price-will-react-after-solend-attempts-to-take-over-investors-wallet-202206210525

coinsrider

any thoughts on Solana future..?

coinsrider

https://www.boards.ie/discussion/comment/118753022#Comment_118753022

I agree.

Potatoeman

https://www.boards.ie/discussion/comment/119237675#Comment_119237675

It’s still very strong, growing active users, fastest transactions and the best UI. The Solend situation was limited to Solend. Many people mix it up with Solana. Solend is a lending platform on Solana. They were going to amend the smart contract on Solend not as others have said cease the wallet on Solana. They do not have the rights to do this.

I used Solend myself but withdrew when Celsius froze withdrawals a week before. I was worried about cascading liquidations.

coinsrider

https://www.boards.ie/discussion/comment/119238224#Comment_119238224

Thank You for the Inputs.

Potatoeman

Magic Eden tops opensea on transactions.

https://www.coindesk.com/business/2022/05/19/magic-eden-tops-opensea-in-daily-trading-volume-as-solana-nfts-heat-up/

Raoul Pal bullish on Sol:

https://dailyhodl.com/2022/04/03/big-things-coming-for-solana-ecosystem-as-sol-breaks-out-against-ethereum-macro-guru-raoul-pal/

kriptopoulin

Thanks for the information; it's really appreciated.

Adam Gil

https://www.boards.ie/discussion/2058229075/solana

Will solana will ever see $250 again?

https://drive.google.com/file/d/1D6yO1P2o_yf8_Zyas7ruv5iq2MBghN7l/view?usp=share_link

Potatoeman

Sol is sub ten dollars. The TVL on Sol defi has dropped over 90% but the NFT volume has spiked. It seems like defi is too risky on Sol right now due to the price instability and uncertainty. Though the lower price is spiking NFT sales. DeGods nft (the largest market cap nft on Sol) is moving to Polygon after being paid 4 million (by Polygon, seems like a waste of money for Polygon as it’s just one project). Sol management is saying they approached them looking for 5 mil to stay and they said no.

This is an interesting situation, if you own a DeGods NFT do you share in this money or do you have to remint again ? I doubt you share in the money but it also raises questions about rarity of the nfts and if this moves to the other chain as is? It seems like a messy situation for holders, that doesn’t benefit them just the creator. Given the current market I’d expect the price to drop further with a ATH further out than this year though as long as the company has a enough funds to last up to three years it’s unlikely to ‘die’.

The whole FTX situation is also bad publicity for them, the recent drop was caused by a FTX owned wallet dumping Sol and driving the price further down.

Potatoeman

https://www.boards.ie/discussion/comment/120136059#Comment_120136059

Any smaller market cap is risky, it was out of the top twenty two weeks ago then back in the top ten again now it’s at number twelve. The FTX situation did have a big price impact but it’s already on the rebound. It’s still the number two in nfts after eth.

Adam Gil

Solana Hot On The Heels Of Polygon – SOL Rally in 2023?

Solana is a fast and secure cryptocurrency platform that aims to provide an efficient, scalable and decentralized infrastructure for decentralized applications (dApps).

After a three-day slump that saw the cryptocurrency fall by 8%, Solana (SOL) triumphantly recovered and rose 5%. The speech by US Fed Chair Jerome Powell sent optimistic signals to traders since it provided the ideal setting for reversing the price trend for SOL.

It only took the utterance of the word "disinflationary" to start a purchasing frenzy and raise the price of Solana to all-time highs. When the dust cleared, traders discovered that Powell's speech was not as upbeat as they had first believed, which fueled a drop in confidence and Solana's potential.

Solana price prediction could reach a potential high of $36.87 by the end of 2023.

Solana network has one of the fastest transaction speeds and success rate when compared to its rivals

SOL price with a potential surge could go as high as $247.13 by the end of 2030.

More about Solana Rally

By examining the solana cryptocurrency's recovery rate during the past month, analysts predict a surge.

According to specialists from a reputable cryptocurrency group, the price of Solana could increase in 2023. On the daily time frame chart, SOL cryptocurrency has been consolidating since the 14th of January, nevertheless. Investors in Solana must hold off until the price of the cryptocurrency holds and returns to the higher price range of the consolidation period.

The transaction speeds and success rate of the Solana network is still at par with a number of its rivals. According to Sol Scan, the success rate of Solana’s transactions has fairly remained above 75% in the majority of the cases. This comes in light of the congestion in Solana’s network.

If solana price manages to sail across the challenges of the crypto-verse, whilst fixing the consensus issues. According to Coinpedia, the price of SOL might escalate upwards of $36.87.

dirk_dangler

https://www.boards.ie/discussion/2058229075/solana

Watch the videos posted in above, these pricks are pumping SOL only to dump on suckers, be very careful holding SOL.

https://streamable.com/55uck7

Potatoeman

Early investor cashing in his profits, this is from a year or two ago? Over the last two years the whale concentration has lowered to the point it has one of the lowest whale concentrations after Bitcoin. This is not a bad thing.

dirk_dangler

https://www.boards.ie/discussion/comment/121338044#Comment_121338044

Video from 1 year ago, they talk about 24 month lockup of the tokens and dumping them. Where we are in that 24 month period is anyone guess, I'm guessing we are currently at the end of it and seeing them pump the price to dump

Potatoeman

https://www.boards.ie/discussion/comment/121343328#Comment_121343328

89% unlocked already:

https://cryptorank.io/price/solana/vesting

erlichbachman

Apparently the ftx sol has been sold off in the last few weeks and sol price has held up in spite of this, extremely bullish sign

Potatoeman

https://www.boards.ie/discussion/comment/121345207#Comment_121345207

A small amount was but they are also Staking it.

AndyB2174

Are you investing in Solana now?