Solana is Dropping

Camille Kazumi said:

BTC currently at $89,700…will still dip more. What do you think of SOL reaching $100 ?

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Remember when I said sell everything in Dec 2024? Yeah, told you so. SOL and alts are gonna get nuked by 80%. But hey, at least we get to watch a sideways market for a while.

Presidents rugging on Solana also probably didn’t help with much with recent shift in liquidity. Whole market is down though, I’m pretty confident everything will be up again in due time. Personally I’d suggest playing it safe and sticking to BTC for the next months, with tariffs coming through.

Everything is tanking, which presents all kinds of interesting buying opportunities. I think both BTC, SOL & a couple ETH L2s like ARB are undervalued.

Solana still has a lot of room to grow as a fast, low-fee blockchain platform. If you have confidence in its technology and market prospects, patience may pay off.
While waiting for a rebound is an option, consider the volatility of the market. If you have already lost money, make sure you don't expose all your funds to a single asset, and it's always a good idea to diversify your risk.
You can consider staking Solana to earn some passive income, especially if you decide to wait for the market to rebound, which can help you reduce certain risks.

I currently sold all my XRP (had like $15k in XRP) and bought Solana instead. Its just a matter of time until it goes to $230+ again.

Elchavo said:

I had a good amount of Solana, but right now, I’m experiencing nearly a 20% drop. It seems that a few more Solana might be released into the market on March 1st.
What are your thoughts on this? I’m not converting to USD because the drop has already been significant, and I’m at a loss. I’ll take a bit more risk and wait for it to recover at least to its previous level.

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This year solana go to the maximum 450$

nakamura said:

I currently sold all my XRP (had like $15k in XRP) and bought Solana instead. Its just a matter of time until it goes to $230+ again.

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Me too! I sold all ETH I had and put all into Solana.

People scream bear market but forget to look at the BITCOIN ACT and general sentiment of the really big players.

Once the Ukraine debacle is solved, there's gonna be time for business.