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Braa, it takes 4-5 years to recover when you go down. Things can go as bad as you losing 90% or more of the value of your portfolio. Haha, anyone that can stand that can become anything in life. I think that SOL is the next best thing, and regardless of price, anyone who missed BTC and ETH in 2016/2017 can accumulate a lot of SOL tokens rn. Moreover, the SOL ETF could turn things around when approved. Even performing better than when we had the ETH ETF approval. And what's more, the development on SOL is insane, leaving out the memecoins ofc. Solana memes have taken up 9.6% of the market share, with notable ones like WIF, BONK, SLERF, etc. And when it comes to DeFi projects on Solana equally, we have a truckload of defi/dexes, lending, yield farming, liquid stating/restaking, derivatives, etc. LIDO, StarFI, Marinade, Jito, Jpool, Picasso, etc come to mind. And you know why people will prefer Solana to Ethereum? Yeah, the fees. Cheaper fees, and faster transaction speed. Even more yields, why will I get 4% on ETH when I can easily do 20% on Solana, Picasso, most preferably, and more?
When you look at all successful and long-lasting tokens, they have to go through shake-outs to acquire the core holder base. Heck, even look at BTC. Constant 90% retraces. POWSCHE is fundamentally the best SPL token. The team saw this coming from a mile away and decided to allow the retrace and shakeout to get the real hands accumulating and the quick flip traders out. POWSCHE is climbing so organically right now and I love it. The team built out an app, built out so much and are working on so much more. The thesis for POWSCHE hitting the billions this run is still the same - SHIBA has an ATH market cap of $40B. That was \*last cycle\*. The top memecoins at their peak are going to do muliples of that. We will see several memecoins over the previous cycle's max market cap when we get to the phase of ultimate froth. POWSCHE is a category defining token. Tokens like BODEN show that people want tokenized versions of their offline communities. They're interested in the same things onchain that they are offchain. POWSCHE is way more accessible that DOGE or SLERF or whatever. Everything right now is just a copy of dog/cat. Political memecoins show a new path, POWSCHE, like them, appeals to non-crypto natives. At the peak of this cycle, I think only the top coins in each category make it into the XX billion range. The top coin will hit $100b. In this context, $50b is not unrealistic.
Spent 5 SOL on this $GODLEN memecoin, worth to buy more? Anyone holder here? I was participant of SLERF and SLOTHANA presales, discovered this meme on twitter. Seems like quality meme, dev team is active and pretty funny actually. They claim they raised 1K SOL in 24hr so I bought this, anyone else here?! Want to spend more solana on memes, idk if I should buy more of something else
But you didn’t choose SLERF, huh? Its okay, light copies of WIF will save you
The question is: did they really burn it intentionally or something else? But the good news is that Bitget and other CEXs have come forward and will donate all SLERF trading fees on Bitget to the #SLERF community. So I hope SLERF will recover soon.
Just search SLERF in twitter, loads of stuff will come up, see his page
BOME, $NAP, SLERF are r/cc's favourite coins
I'm sure most people have heard of the infamous burn of $10m of tokens raised for $SLERF. Off the back of that a meme has come about on the solana block chain called $OHFUCK. It's crazy how some of these things spin off!
So it should be pretty obvious to everyone that $SLERF is a Justin Sun production and all the burn drama was staged. Probably $BOME too.
No, I'm making this point "you rely on reddit for news, social trends and research, you are in the wrong space." I think it is pretty clear. $SLERF was just an example. Anyways, keep doing what's working for you brother.
I searched this sub for $SLERF, and there is no single post about it. Frens, this is the biggest crypto community on Reddit. If you do not know what is the story about $SLERF, and you rely on reddit for news, social trends and research, you are in the wrong space. Also, if you're in it for the tech, you're never gonna make it.
Crazy watching countless $100k+ buy orders going through for $SLERF on birdseye https://birdeye.so/token/7BgBvyjrZX1YKz4oh9mjb8ZScatkkwb8DzFx7LoiVkM3?chain=solana
Lol Gary coming for $SLERF... Higher
exactly. i know it could be a scam. or like the SLERF contract where the dev burnt $10mm worth of tokens accidentally today. but $20-$100 risk to turn it into $10,000 is worth it to me