SOL

ChadInNameOnly

SOL is the new ETH

UnseenUFO

At the time right now, they earn $20-30 a month per slot (the most basic eyes). There's 6148 slots in total. The more the casino makes, the more NFT owners make. It was a free mint and .1 SOL when it made it to public. 🔥 bullish. Staking released last week The casino is active at certain time zones(around this time). It has a live bet section at the bottom of the site that shows every bet made on the platform. Way better than other casinos because the devs made it from the ground up. Some of their competition are white label casinos that have UGLY UI and zero creativity. Their token $MRC is hella undervalued. @moonroll matter of time 📈🚀. I don't like slots, so sport betting is going to be nice for me and others.

AuspiciousEther

Max supply inflation for ETH is about 0.8%, and it's been negative on average since the merge. How much is it for SOL?

Negative-Structure51

Fuck I know right I spent so much on BTC at 15k which was a great investment but had I spent the same amount on SOL I would be well over 6 figures rn

hamdi28

#What's your opinion on WOLF (SOL) guys?

kirtash93

My SOL bag is proof.

_TheWolfOfWalmart_

I should have bought $250k worth of SOL at $8.

jawni

You will almost assuredly lose money. The shorter your trade timeline, the less likely it makes money. But... if you want to try: I would try to trade on chain rather than an exchange. I think SOL memecoins are probably your best shot in the current market but if you're new that's kind of like saying. If you have an iphone, you can try the Moonshot app which lets you buy/sell memecoins without having to deal with the technical side. Just start with a small amount of money because you're almost definitely gonna end with a smaller amount of money.

_TheWolfOfWalmart_

It may not, but odds are it will. I'd rather just take profits this cycle versus taking that chance. If it still seems strong/active, you could always rebuy lower next time. I've got nothing against SOL. That's just what most alts do.

Nightmare_Tonic

I can't figure out from your comment whether you like SOL or not lol

LargeSnorlax

The first time I heard about SOL was when I did my experiment back in November, 2020. https://np.reddit.com/r/CryptoCurrency/comments/joj3q6/the_great_moon_experiment_beginning_today/ I bought $50 of 10 coins that Redditors picked, SOL was one of them, and said I'd distribute the coins a year after, a kind of forced hold with zero risk for the people picking the coins. https://i.imgur.com/CzxcKBw.jpeg This was taken a little after the purchase but I think the sol buyin price was about $1.50. I got some for myself too because I had never heard of it before that. https://np.reddit.com/r/CryptoCurrency/comments/qnaybk/the_great_moon_experiment_finale_november_5th/ The $500 in November 5th 2020 ended up becoming over $10,000 in 2021 - Plus over $15,000 - The DOGE picker I allowed to sell early if they wanted because I assumed (rightly) that it was a massive bubble about to pop because of Elon and SNL. SOL was a huge part of those gains, some of the other Reddit coins had ok gains, but nothing to write home about. They ended up donating 0.09 btc to charity and received 0.232 Bitcoin from the original $50 investment. https://np.reddit.com/r/CryptoCurrency/comments/n9e8kz/009btc_charity_donation_help_choose_a_nonprofit/ Think we should do more experiments like this and see where they end up - Reddit isn't *always* wrong about coins.

SpicyGums

And what happen's when $SOL doesn't fade like it's been fading according to this sub for the past 2 years and actively growing? It seem to me that you're the one with the problem adopting a new perspective based on new developments that are actively happening.

cuervo_gris

SOL is about to flip BNB again!

biba8163

It's interesting how sentiment changes on a coin and a lot of people claim they got in early but the vast majority didn't. I remember noticing SOL a few times when it was between $0.50 to $4 and thinking to gamble on an Alt in the 2021 cycle to increase my BTC stack since I did 25X in Nano in 2017/18. > Number #91 on CMC Solana which claims 50,000 TPS and 400 MS block times and smart contracts https://np.reddit.com/r/CryptoCurrency/comments/ik9w8c/daily_discussion_september_1_2020_gmt0/g3mmcty/ But there were just so many concerns. The circulating supply was tiny and there was hundreds of millions to unlock and dump on the market. Nobody knew the price discovery or the market for it in a sea of coins all claiming high TPS and smart contracts. People thought $1 was overvalued and everyone agreed. > Solana (+441%) dump is going to be historic. Imagine paying over $1 when pre sale paid $0.04-$0.20 > It will come back down to $0.30 and that’s when you should load up > Imagine paying over 1$ a coin with no tech and a supply of 500 million coins. https://np.reddit.com/r/CryptoCurrency/comments/fykd3i/solana_441_dump_is_going_to_be_historic_imagine/ > Solana Unlocks 11.3 Million SOL Tokens secretly and then tries to cover up https://np.reddit.com/r/CryptoCurrency/comments/g9mf24/solana_unlocks_113_million_sol_tokens_secretly/ > What is Solana and WHY is it pumping like crazy? $3 https://np.reddit.com/r/CryptoCurrency/comments/i74xhp/what_is_solana_and_why_is_it_pumping_like_crazy/ The thing is all these concerns were valid and people got dumped to kingdom come on countless new fangled tech projects like ALGO, DOT, HBAR, MINA, etc. And SOL came out the winner. You really couldn't predict this in 2020. It was only in 2021 I noticed SOL had huge hedge funds and SPAC King Chamath Palihapitiya backing it and they would shill Solana on CNBC every chance they got. Remember, Chamath was in Bitcoin in 2013 and when asked about Ethereum in 2020 he said it was irrelevant and you didn't need anything besides Bitcoin. Fast forward a year later, he's shilling Solana on CNBC after he gets a huge vested interest.

LargeSnorlax

Scroll to [page 15 of Coingecko](https://www.coingecko.com/?page=15) - Pick a coin there like BABYDOGE or SHINA INU, that's a shady project. Solana is not a shady project. People might disagree with parts of what it does, how it runs, or its supply, but a shady project is something that is traded on one dex with 5k liquidity or something. SOL's doing 4 billion in volume a day, it's not being run out of the back of some guy's garage. Invest in what you want to, if you only put money into something everyone agrees on you may as well buy more VOO or QQQ.

_TheWolfOfWalmart_

If you bought the SOL bear market bottom, you're at a 22x today... that's pretty damn good.

oopssomething

The only mantra this sub has been repeating for years is 'don't buy SOL'

jwz9904

SOL has been amazing.

HerpTurtleDoo

Grayscale holds SOL in multiple bags, I am not sure how much in total but I believe it's in 2-4 of their investment packages on their website, so yes they may dump it.

Nik_1390

If they had to rugpull wouldn’t they have done so with the 300 SOL presale? Besides, the liquidity will be permanently locked as soon as it’s launched, freeze and mint authority is already revoked. Rug? No Rug ❤️

GoneBamboo

Happy to got in at the presale, but I've got some SOL at the ready for launch tomorrow. Feels like a great environment, TG chat is lively, Dev is very open to community suggestions and there is an exciting roadmap with plenty to offer.

cryptonija

Wow, hitting 300 SOL in less than 4 hours is definitely impressive! It's always exciting to see new projects gaining such quick traction in the crypto space. I'm curious to learn more about Alco Coin and what sets it apart from other projects launching on Solana. Do you think it has the potential to be the next big gem on the Solana network? Can't wait to see how it performs once trading goes live on the 27th!

Curious-Buffalo-6428

I'll be there, will put 5 SOL

naberCS

They have a good marketing strategy with good background work. 300 SOL in 4 hours is not a chance

kulind

So they're still accumulating $ALPH $KAS $SOL

kirtash93

BlackRock proceeds to ask for a SOL ETF /s

Anticope98

Check price… still dog garbage. Check SOL SQL DB. 10x. Sure

jwz9904

bullish on SOL

millennial-snowflake

Fuck if I know. My money's on AI alts + SOL and IMX mostly

Extravagos

I can't remember who it was, but I remember reading about a Canadian company applying for a SOL ETF. Maybe BlackRock may change their mind if there's enough demand

Mr_Hodlerr

You need to load up some SOL to be an authentic institution.

KuciMane

VanEck has already applied for a SOL ETF

Ratty-fish

I said something similar when SOL hit $70 and I got downvoted to oblivion. 🤗

almondbutter

Accidentally saw that TV channel that has the stock ticker tape that Cramer is on and the only crypto they list are BTC, ETH and SOL. That means those corporate goons have heavy bags.

Lillica_Golden_SHIB

As long as the consensus around Solana remains negative in this sub, $SOL is likely to perform well lol

CointestMod

#Solana Con-Arguments Below is a Solana con-argument written by a deleted user. > #CONs > > This is the Cons section of [my analysis on Solana](https://np.reddit.com/r/MPlankton/comments/vk42tn/solana_research_june_2022/) > > There are many flaws with Solana's network and design. Retail investors should be cautious of investing in Solana until the upcoming **QUIC** and **Localized Fee Prioritizations** fix the ongoing outage and stability issues with the network. > > ##Way too many outages > > One of the biggest problems with Solana is that it has had way too many outages ever since its Mainnet launch. It's had at least [4 major outages, 3 partial outages](https://status.solana.com/uptime), and numerous congestions caused by DDoS attacks (some unintentional) in the 9 months between Sept 2021 and Jun 2022. That's way more than most of its competitors. These numerous outages have ruined its reputation in the crypto community. > > The network is very vulnerable to DoS attacks, which have brought down the network many times. In Sept 2021, a [DoS attack flooded the entire network](https://solana.com/news/9-14-network-outage-initial-overview) to the point it could not recover for almost a full day. In Jan 21-22, 2022, [bots brought down the network](https://fortune.com/2022/01/25/solana-founder-anatoly-yakovenko-crypto-crash-blockchain-instability/) with excessive duplicate transactions. A similar DDoS attack happened on Apr 30, when a [NFT minting bots took down the network](https://solana.com/news/04-30-22-solana-mainnet-beta-outage-report-mitigation) with 4M TPS of spam. > > During DDoS attacks, validators continue forwarding transactions to the leader. Since there is no mempool, the leader has to keep up with the traffic. If the leader can't keep up, the transaction drops and the user has to resubmit it. When congested and attacked by DDOS, the number of forks increases greatly, and leaders end up picking branches quickly and inaccurately, often extending empty blocks. This ends up reducing throughput of valid transactions and creating wasted forks. For example, during the Jan 21-22 attacks, the true throughput fell to 140 TPS. It's really easy for DDoS attacks to create a disruptive positive feedback loop that shuts down the whole network. > > ##Blockchain Design > > **Slower Finality** > > Due to the design of Proof of History consensus, Solana has probabilistic finality with a moderate chance of wasted forks. It takes [32 blocks before any transaction is final](https://docs.solana.com/proposals/block-confirmation). At 2.5s per block, this means 80 seconds. Users will see their transactions posted in 2.5s. If there's no congestions, they can probably wait 10s and assume it's probabilistically final. But if there's congestion, lots of skipped blocks, and people DDoS'ing the network, it's not deterministically final until they wait 80 seconds. This is much slower than many of their competitors, which have 2-10s deterministic finality. > > **Exaggerated/Useless TPS metrics** > > Solana's reported 50K TPS in ideal conditions is completely exaggerated. > > First, that number is based on a 400 ms slot time, but the current slot time is around 600-800 ms, which reduces the ideal TPS 25-50%. > > Solana also exaggerates their throughput by including non-useful transactions in their metrics. This includes vote transactions, which account for 70-90% of transactions. > > The count of valid TPS (excluding vote transactions and erroneous transactions) is much lower. About 80-85% of transactions are either vote transactions that are used for consensus or erroneous transactions. The true [non-vote TPS limit is much lower at around **400-600 TPS**](https://dashboard.chaincrunch.cc/public/dashboard/cc7a0d94-7f70-46f4-aae4-2f8810430931#theme=night) when the network isn't congested. As of June 2022, on average only 15% of total counted transactions are working transactions. > > In addition, validators routinely skip blocks, encounter bad forks, or post empty blocks. Even when there's no congestion, validator's unweighed skip rate is [10-25% of blocks](https://solanabeach.io/validators). > > ##Opaque Ledger and Block Explorer > > Solana has several explorers, and all of them are very opaque. The official explorer doesn't allow you to browse blocks and transactions, and it's practical useless. Solana Beach is probalby the best explorer, but it too shows almost no data except for the address and transaction fee. It is very confusing trying to decipher these transactions. There's almost no information on the identity of validators. Both of the main explorers are very slow and often stall when querying details. > > Another part of Solana's obscurity is the 30% of the total supply of SOL that is non-circulating but staked. It's supposedly owned by the Solana Foundation. This has been discussed several times by developers on Discord, but no one seems to understand why it's there and how they're using it. It also doesn't help that Solana's main explorer and Solana Beach explorer won't load details about its non-circulating supply. > > **Unable to Audit Smart Contracts** > > Probably the worst issue on Solana (even worse than the outages) is that you can't audit smart contracts. When you use a smart contract on Solana, you are blindly trusting that it does what it says it'll do. There's not a single Solana Explorer that currently shows smart contract code. > > Developers can publish their source code on another website, but they can also redeploy their on-chain contract at the same address. So users don't have a reliable method of trusting source code published off-chain. > > ##Poor Tokenomics > > **Transaction fees are 99% subsidized by Staking Rewards, which feed back into SOL as supply inflation** > > Like many networks, the low transaction fees are not enough to pay for the cost of running the network. > > Solana is expected to make [$12M in transaction fees in this year going by the current 30-day average]( https://tokenterminal.com/terminal/projects/solana). Staking rewards is expected to [pay out around $1.4B in SOL in 2022](https://messari.io/asset/solana/profile/supply-schedule). That means 99.1% of validator rewards are being paid by staking rewards instead of the artificially-low transaction fees. And staking rewards inflate the supply of the SOL token. > > Total supply inflation for staking started out [at 8% and gradually declines by 15% annually until it reaches 1.5%](https://docs.solana.com/inflation/inflation_schedule). Note that this is an underestimate because these calculations are based on total supply, not circulating supply, which is 30% smaller. Messari currently lists [circulating supply inflation as 7.4%](https://messari.io/screener/supply-and-marketcap-EB1755C2). > > Solana is fully-vested as of Jan 2022, though there is a 30% gap between the recorded circulating and total supply because most of the [Foundation's staked SOL](https://explorer.solana.com/supply?filter=nonCirculating) is not included in circulating supply. (Their Explorer website barely has any supply details or charts, and doesn't even loading half of the time, so it's hard to investigate.) > > ##Other Points > > **Requires insecure bridges to other networks** > > Solana is a bit isolated from other blockchains. It requires insecure bridges to connect to other networks, which is also an issue for many other networks. Bridges often get exploited, like the [Feb 2022 $320M Solana Wormhole hack](https://www.cnbc.com/2022/02/02/320-million-stolen-from-wormhole-bridge-linking-solana-and-ethereum.html). Solana needs a safer cross-chain protocol if it wants to communicate safely with other networks. > > **High validator requirements** > > The minimum requirements for validators are 12-cores and 128GB of memory. 300 Mbit internet server is preferred. These are enterprise-server requirements, and they're expensive to maintain. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.

kazwetcoffee

Hate to see it because I missed the entire SOL wave this cycle, but Solana is going to end up the Luna of this time round. I don't mean it is going to go to zero. But it is going to be the one that wrecks the most people.

jwz9904

reminder to sell my SOL when they announce an ETF

OwlSuspicious9254

I think I scooped a decent amount around $20 SOL

abesWaves

I still recall $8 SOL, then Vitalik said something about it how solana still has a bright future

OwlSuspicious9254

It’s not my biggest bag, but SOL is actually my biggest % gainer in my portfolio at the moment. Anyone else?

aaaanoon

Maybe time for a SOL corporation etf. Set it out to pasture like BTC and Eth.

kingerxi

I certainly think one party is superior, but I don't like talking and reading about it in a crypto Reddit thread. There is nothing good that will come of it, that's for sure. No one is changing anyone's mind. On the other hand, BTC has been a little boring lately, and politics has not, so it makes else. Crypto comments: SOL has been strong, a bright spot in my crypto portfolio. While I own much more BTC and ETH, the vast majority of my new buys have been for SOL. Last buy was on 7/4 for $123.90. Love the limit buy orders on CB!

jawni

That was the most obvious inverse r/cc trade in the history of the sub. Every time SOL got brought up there were two dead horses that got beat: downtime and centralization. The only problem is that Solana's uptime is 99.99% anyways and no one outside of this sub cares about the 00.001% and it's also far from centralized. The other thing is that every thread where the haters were circlejerking about SOL, were actually bullish developments being downplayed. Visa partners with Solana, for actual payment applications? Nah, they must've been paid. Stripe goes on stage, announces Stripe will accept crypto payments, literally uses Solana live to do it. Nah, they must've been paid. Shopify, Paypal, etc. Solana DEX volume overtakes ETF for top spot. Solana NFT volume overtakes ETH for top spot. Any other onchain metrics being top of the industry. Nah, they must be faked. Or my favorite, where they say transactions don't count if bots did it, as if we aren't talking about networks whose defining feature is the ability for autonomous transacting... You're drinking the r/cryptocurrency kool-aid if you're bearish on SOL at this point.

Baecchus

Another day of me wondering why I didn't buy SOL when this sub spent 2 whole years shitting on it. Missed inverse r/cc opportunity.

coinfeeds-bot

tldr; Solana (SOL) has retraced to $170.27, forming a bullish channel that suggests a potential rally. Technical indicators on the 4-hour and 1-hour charts show signs of bullish momentum, with SOL's price currently above the 100-day Simple Moving Average (SMA) and facing resistance at $170. If SOL breaks and closes above the bullish channel's upper boundary, it could rally toward $188 and potentially $205. Conversely, a break below the channel's lower boundary could see SOL decline to $160 or lower. Currently, SOL has decreased by 0.72%, trading at approximately $173. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Efficient_Kiwi_9885

Check out IGOR/SOL on DEX Screener! https://dexscreener.com/solana/8SCWtaCguSfx8duzmowGUkZDUWoqdCcPqGjekaSn3J3o

Distinct-Thanks-6477

75% in ETH and BTC. Another 10% in LINK and SOL. That forms the backbone of my portfolio. The rest can go into your favorite niches after you’ve done adequate research. I have a huge interest in AI, restaking, and cross-chain interoperability niches. Enthusiastic about RNDR, ASI, GRT, STETH, and PICA. Only deal with promising projects.

Overall-Fox-121

50% BTC, 20% SOL, 20% ETH. 10% stock market.

userxtrustno1

60 BTC 30 ETH 10 Shitcoins like SOL or Polkadot

forgotmypassword4714

This would be fun. I'd finally be able to diversify more. Probably something like... BTC: $50,000 SOL: $10,000 ETH: $5,000 LTC: $2,500 AVAX: $2,500 Bank (HYSA): $30,000 (and keep adding to this with my crypto profit-taking)

Chronmagnum55

Doge is the original meme coin, so it probably will always stick around. SOL is currently the place where everyone is making shit coins this run. It should continue to do well during this run just based on that alone. ADA is not looking very strong right now and doesn't appear like it'll have a big run up.

leaflavaplanetmoss

True, you’re completely SOL if they do a cross-chain swap to Monero.

SwagsGunSafe

Are you looking for the next Shib? It’s here. Spend 5 minutes reading this post. I’m not going to shill without info. This post explains the whole project and how it has been green while the whole market has been red. Quit gambling on SOL/Base pump and dumps. Grab a moonbag on something real. Once you research you will want a bigger bag. Join the TG and you will be blow away. DYOR.

UrNs0

What network is your USDT on? If it's on ETH you need a small amount of ETH to send it. What ever network it's on you need some of the token in order to send. Same if it was polygon you would need MATIC or Solana if it's on SOL network.

noviwu97

OP, try reposting this in a few months. If your post get positive upvotes, that means this sub starting to be bullish SOL. So I'll start selling my SOL. 

jawni

LTC is a bit of a longshot, not even in the same ballpark as SOL, let alone BTC/ETH when it comes to volume.

biba8163

In 2013 Vitalik said that if PrimeCoin and Bitcoin were released in 2008, PrimeCoin would have won https://talk.peercoin.net/t/transcript-of-sunny-king-interview-with-vitalik-buterin-from-bitcoinmagazine/463 The first mover advantage and the fly wheel effect are very difficult to overcome in this space. Too many people have likened crypto to tech companies and lost most of their money investing in the next/better Bitcoin and more recently the next Ethereum. I think Bitcoin's position and narrative is too entrenched to overcome. Ethereum's I am not so sure but there is still a vast chasm between it and the only thing that has come anywhere near its adoption which is SOL.

jwz9904

i'll buy SOL, cheaper to use, i can't afford the gas

ulptthrowaway2016

My prediction for the next bullrun: BTC and ETH will 2x from the last cycle high, SOL will 4x from the last cycle high, large memes from this cycle will 10x from their highs. It will be the death of the HODL strategy since many are HODLing after buying the previous cycle top

kirtash93

Oh boy.... I did something really wrong... I bought SOL.

Studio_2

In a gold rush, sell shovels. So SOL

Toyake

He is SOL. Full stop. He gambled on something he didn’t understand and got rekt by a basic scam. Be your own bank means be your own security, your uncle failed the 2nd half of this and is paying the “dumb tax” to the tune of half a million dollars.

MaximumStudent1839

> Let me start by defusing a potential concern: it is a blue ocean market. TON can be good and SOL can be good. I don't even know what you are talking about. Never once did I bring up SOL can't do well if TON do well. You are trying to insinuate my critique on TON is based on my SOL position. Well, buddy, you are fucking wrong. I am probably one of the most honest straight-talkers in this sub. I speak my mind based on facts and don't give a fuck about narratives created by mid-IQ OG whales, traders, and VCs. I regularly speak against stupid group think and mass bullshit. And it turns out, a lot of times market seem to agree with what I say in the long run. > TON isn't merely associated with Telegram, they're already integrated. -- Your statement misrepresents this. GTFO with your semantic BS. There is "no misrepresentation", The marketing spiel is they are related to Telegram. Your distinction of "integration" doesn't make any substantial change. > SOL is used for sh\*t coins mostly and it's wildly successful. Why would that count against TON? Ok, you are now trying to strawman now. lol > SOL is also more difficult to onboard than Telegram + TON.  GTFO. I can onboard via SOL on Coinbase via SOL/USDC and PayPal via PYUSD. TON has nothing close in terms of on-boarding or off-boarding rails back to Trad Fi. Ppl are more likely to trust connecting their bank details with regulated and publicly traded companies, like PayPal and Coinbase. You can't be serious if you want to argue Telegram, HQed in Dubai, instills more new user confidence than companies, like Coinbase and PayPal, regulated by the FTC. If new users can't trust your onboarding ramp, you are fucking toast. > Hamster Kombat that have 200 million active monthly users.  [https://www.youtube.com/shorts/8rW1BgmLrEI](https://www.youtube.com/shorts/8rW1BgmLrEI) Wow, congrats on boarding millions of third-world farmers tapping their lives out to farm this shit coin. Plenty of charts tell you where all this shit end ups in the long run.

stockyewok

It should be, cheap gas, fast transactions, we just need to convert the SOL degens to come over😄

Phylaras

Let me start by defusing a potential concern: it is a blue ocean market. TON can be good and SOL can be good. TON isn't merely associated with Telegram, they're already integrated. -- Your statement misrepresents this. SOL is used for sh\*t coins mostly and it's wildly successful. Why would that count against TON? SOL is also more difficult to onboard than Telegram + TON. If you don't want to use it, that's fine, but others will. 50 million active monthly users would appear to be achievable with games like Hamster Kombat that have 200 million active monthly users. There is a question of conversion from the game to the blockchain -- if it's 25% that want to get their real money, then my 1/10th target goal will be achieved.

DungeonVig

Idk I played on cronos memes for like 2 months a couple months ago and I did numerous 10-50x. I maybe lost 10% of the time if that, it’s pretty dead now though that I wouldn’t touch it. But it was 100x better than SOL which was like 98% rugs.

OderWieOderWatJunge

SOL didn't reach its old ATH yet

xanokothe

Do you guys remember EOS? Sometimes I think SOL is the new EOS

NoSleepDad2023

Thank you very much for the elaborate answer. It is very hard to answer your question because I bought the assets at different prices, and the sales would also differ with each transaction. For example - let a say I bought SOL at $10, $45, $100, $128, etc… I will now sell the SOL in different phases - $210, $250, etc How do I associate each purchase transaction with a sell transaction? How do I officially realize the gains if the “cost basis” is 0 when I send the tokens back to the exchange? Thanks!

Oheson

**Portfolio Update:** Created June 11, 2024 with original value $9,999.39. Current value = $10,033.39. Gain of 131.64 or 1.3%. Top gainer Solana at +22.3%. Worse performer Render at -17.5%. As you can see from[ previous updates](https://www.reddit.com/r/CryptoCurrency/comments/1e6q1fe/comment/ldykog9/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button), all you have to do during this point in the cycle is hold and not panic sell on dips. This portfolio has been down as much as -$1600 during this period. || || |**Coin**|**Holdings**|**Value**|**PNL**|**Ratio**| |**Bitcoin (BTC)**|0.0755 BTC|$5,087.88|$25.65 (0.5%)|50.71%| |**Solana (SOL)**|6.8 SOL|$1,232.88|$224.57 (22.3%)|12.29%| |**Ethereum (ETH)**|0.29 ETH|$1,005.09|-$6.93 (-0.7%)|10.02%| |**Crown (CROWN)**|1000 CROWN|$561.16|$156.63 (39.1%)|5.59%| |**Chainlink (LINK)**|34 LINK|$479.85|-$30.38 (-6.0%)|4.78%| |**Stacks (STX)**|228 STX|$426.55|-$73.78 (-14.8%)|4.25%| |**Ondo (ONDO)**|404 ONDO|$421.79|-$77.72 (-15.6%)|4.2%| |**Render (RENDER)**|61 RENDER|$417.19|-$88.22 (-17.5%)|4.16%| |**Pepe (PEPE)**|33,000,000 PEPE|$401.52|$1.82 (0.5%)|4.0%|

Oheson

**Portfolio Update:** Created June 11, 2024 with original value $9,999.39. Current value = $10,033.39. Gain of 131.64 or 1.3%. Top gainer Solana at +22.3%. Worse performer Render at -17.5%. As you can see from[ previous updates](https://www.reddit.com/r/CryptoCurrency/comments/1e6q1fe/comment/ldykog9/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button), all you have to do during this point in the cycle is hold and not panic sell on dips. This portfolio has been down as much as -$1600 during this period. || || |**Coin**|**Holdings**|**Value**|**PNL**|**Ratio**| |**Bitcoin (BTC)**|0.0755 BTC|$5,087.88|$25.65 (0.5%)|50.71%| |**Solana (SOL)**|6.8 SOL|$1,232.88|$224.57 (22.3%)|12.29%| |**Ethereum (ETH)**|0.29 ETH|$1,005.09|-$6.93 (-0.7%)|10.02%| |**Crown (CROWN)**|1000 CROWN|$561.16|$156.63 (39.1%)|5.59%| |**Chainlink (LINK)**|34 LINK|$479.85|-$30.38 (-6.0%)|4.78%| |**Stacks (STX)**|228 STX|$426.55|-$73.78 (-14.8%)|4.25%| |**Ondo (ONDO)**|404 ONDO|$421.79|-$77.72 (-15.6%)|4.2%| |**Render (RENDER)**|61 RENDER|$417.19|-$88.22 (-17.5%)|4.16%| |**Pepe (PEPE)**|33,000,000 PEPE|$401.52|$1.82 (0.5%)|4.0%|

JeebusCrunk

There have been literally over a million new meme coins/tokens launched on ETH and SOL this year alone.

Crypto__Sapien

Dammmmnnnn that's a crazy spread definitely not normal. 1000%? That's sketchy as hell. Couple things that could be going on: * Super low liquidity * Possible scam coin * Exchange might be shady Basically, they're making it near impossible to cash out. Classic trap. Where'd you buy this Covalent? Some obscure exchange? Might be SOL on this one man. These kinda setups are often designed to stop people from selling. Next time, stick to more well-known coins and reputable exchanges, I use Nexo cuz they have proven themselves over the years and there are no extreme fees or spreads. This kinda stuff happens a lot with small, unknown tokens. Sorry you're dealing with this. Crypto can be a wild ride.

antiquespaceship

Thank you everyone who responded here: sounds like the FOMO isn’t real and I should keep focusing on work while my ETH/BTC/SOL portfolio keeps pumping.

OriginalPancake15

I’ve traded shitcoins for just over a year. Best return was I turned 2 SOL into 22 SOL then promptly turned that 22 SOL into 1 SOL through rug pull after rug pull. Not that it means anything as it’s all a scam, but some tips below; - Most important rule is to take profit. If you get in early, take profit along the way but always leave a “moon bag” on the off chance the token doesn’t die after day 3 like almost all of them. - if it’s trending - avoid it. Team has already pulled funds to pay for marketing and will likely dump on anyone new that comes. - CTO (community take over) is a joke. Some are legit but most are just a new member of the team taking over ready to dump on everyone again. This happens frequently and it’s disgusting. - Telegram members are faked, just because a group has people joining constantly it doesn’t mean shit. Judge the group by activity - if it’s the same five people spouting bullish nonsense, avoid it. - bots have ruined the entire scene. People have bots set up to take even 1% profit and will constantly buy and sell for menial profits. Their volume means absolutely nothing and often times it’s just the team farming liquidity out of holders. - don’t blindly follow a narrative. With the evolution of pump.fun and Moonshot by dexscreener you can make a token in literally 30 seconds with zero knowledge required. Always DYOR. Lastly, that money is 99.99% of the time better off being spent on an actual project instead of gambling it on a likely rug.

jwz9904

well done, did you dca-ed into SOL?

jwz9904

only SOL is able to keep pace with BTC.

MaximumStudent1839

From what I understand, TON hype came from traders wanting to find the “next Solana”. It was mainly pushed by traders, and some special ETH maxis, who missed out on the first big SOL run and want to find the next thing. Their thesis was TON has a lot of potential “customers”, because their association with Telegram. So they claimed TON has a lot of potential to convert new shitcoin traders. Tried out their wallet, onboarding system, and app, I realize it is just full of narrative trade shit. It is too obscure and complicated to use compared to SOL.

Studio_2

SOL reached $185 let’s go

JohnnyDCL

Buy Stash inu on SOL 🥸+🚀=🌙

keeprunning23

SOL.

Gzdu

SOL hitting 800

simmol

What a massive disappointment for ETH. It is obvious that ETH is selling off right now and kind of forcing its way up due to Bitcoin's ascent. In the 1 month leading up to the ETF, ETH = +0.38% whereas SOL = +37%.

ishouldvekno

Every day 15 tokens per hour minimum rug. Many of them have great names, well orchestrated shill rooms, well made art and moving metrics, deep over 50 SOL liquidity. They go to zero in under 100 transactions. This happens all day, every day, nonstop. How wonderful for PONKE to rise above the mess. Will it go higher? Hope so, hope it goes to 200bn market cap. Happy for whoever bought and held. But it's just a fluke and millions were lost all around this token.

Elchipper26

And SOL decides to go ballistic. Enjoyable things.

dou8le8u88le

Sooner. SOL is gonna shock everyone this run.

uncapchad

One of my luckiest buys. I had spare change in an account and bought SOL on a whim at $17. Now, of course, wish I'd bought more.

mahiyet

EGO is my SOL bet this bullrun

Studio_2

So uhh SOL 200 by September?

New_Necessary6612

SOL is easily my most profitable bag and I didn’t even get in particularly early. No wonder this sub hates it.

endless_ness

lame. But fuck him then, we still got SOL. Plus its not like he's some pure person, he got busted supporting Nazis in Ukraine a little over a year ago

biba8163

My point is, investing in ALTs is an almost guaranteed way to lose money. And out of the thousands of ALTs, people almost always pick the wrong ALTs for the new bullrun and/or ALTs have a short pump/dump window to make money. In 2019, /r/cryptocurrency was picking these ALTs which are all down massively or dead. > IOTA, ICON, Vechain, Nano, NEO, BCH, DragonChain, Factom, Zilliqua... https://np.reddit.com/r/CryptoCurrency/comments/au3j49/only_the_strongest_will_survive_the_great_altcoin/ > during a full on bull run btc dominance decreases every time What is your point? Probability is that it doesn't mean shit for the ALT that your're holding. If you look at this time in 2020 a couple months after the halvening, out of the top 100 coins: - a handful of ALTs that outperformed BTC in the bullrun - most of those ALTS had a short window to sell them before they dumped again - most of those ALTs are down again big time, most will never recover Most of the newer coins that did insane pumps were like in the 200s, 300s or lower in rankings with tiny marketcaps or weren't even available like SOL, etc. Now there are like 25,000 coins and you think you've picked the one to pump when BTC domoinance decreases every time. There is a reason you see people commenting here who have been in multiple bull run cycles and still lost money.

Phylaras

Exactly this! Remove Gensler (demoting him is apparently possible). Drop existing SEC claims against non-malicious agents (UNI, SOL, etc.) Establish a sandbox for new crypto ideas that don't need to meet SEC regulatory requirements--so that we can figure out what would make sense. Recognize DAOs federally, and make sure they have additional legal advantages over LLCs. He's mentioned BTC mining but that isn't the support we need.

ulptthrowaway2016

I am a SOL maxi, but the failed transactions can be a bit much indeed. If someone invents SOL without failed transactions, I believe they would have the perfect crypto

Studio_2

Ah yeah it's tough but the way I see it if BTC goes to 100k then SOL goes to 350

CointestMod

#Solana Con-Arguments Below is a Solana con-argument written by a deleted user. > #CONs > > This is the Cons section of [my analysis on Solana](https://np.reddit.com/r/MPlankton/comments/vk42tn/solana_research_june_2022/) > > There are many flaws with Solana's network and design. Retail investors should be cautious of investing in Solana until the upcoming **QUIC** and **Localized Fee Prioritizations** fix the ongoing outage and stability issues with the network. > > ##Way too many outages > > One of the biggest problems with Solana is that it has had way too many outages ever since its Mainnet launch. It's had at least [4 major outages, 3 partial outages](https://status.solana.com/uptime), and numerous congestions caused by DDoS attacks (some unintentional) in the 9 months between Sept 2021 and Jun 2022. That's way more than most of its competitors. These numerous outages have ruined its reputation in the crypto community. > > The network is very vulnerable to DoS attacks, which have brought down the network many times. In Sept 2021, a [DoS attack flooded the entire network](https://solana.com/news/9-14-network-outage-initial-overview) to the point it could not recover for almost a full day. In Jan 21-22, 2022, [bots brought down the network](https://fortune.com/2022/01/25/solana-founder-anatoly-yakovenko-crypto-crash-blockchain-instability/) with excessive duplicate transactions. A similar DDoS attack happened on Apr 30, when a [NFT minting bots took down the network](https://solana.com/news/04-30-22-solana-mainnet-beta-outage-report-mitigation) with 4M TPS of spam. > > During DDoS attacks, validators continue forwarding transactions to the leader. Since there is no mempool, the leader has to keep up with the traffic. If the leader can't keep up, the transaction drops and the user has to resubmit it. When congested and attacked by DDOS, the number of forks increases greatly, and leaders end up picking branches quickly and inaccurately, often extending empty blocks. This ends up reducing throughput of valid transactions and creating wasted forks. For example, during the Jan 21-22 attacks, the true throughput fell to 140 TPS. It's really easy for DDoS attacks to create a disruptive positive feedback loop that shuts down the whole network. > > ##Blockchain Design > > **Slower Finality** > > Due to the design of Proof of History consensus, Solana has probabilistic finality with a moderate chance of wasted forks. It takes [32 blocks before any transaction is final](https://docs.solana.com/proposals/block-confirmation). At 2.5s per block, this means 80 seconds. Users will see their transactions posted in 2.5s. If there's no congestions, they can probably wait 10s and assume it's probabilistically final. But if there's congestion, lots of skipped blocks, and people DDoS'ing the network, it's not deterministically final until they wait 80 seconds. This is much slower than many of their competitors, which have 2-10s deterministic finality. > > **Exaggerated/Useless TPS metrics** > > Solana's reported 50K TPS in ideal conditions is completely exaggerated. > > First, that number is based on a 400 ms slot time, but the current slot time is around 600-800 ms, which reduces the ideal TPS 25-50%. > > Solana also exaggerates their throughput by including non-useful transactions in their metrics. This includes vote transactions, which account for 70-90% of transactions. > > The count of valid TPS (excluding vote transactions and erroneous transactions) is much lower. About 80-85% of transactions are either vote transactions that are used for consensus or erroneous transactions. The true [non-vote TPS limit is much lower at around **400-600 TPS**](https://dashboard.chaincrunch.cc/public/dashboard/cc7a0d94-7f70-46f4-aae4-2f8810430931#theme=night) when the network isn't congested. As of June 2022, on average only 15% of total counted transactions are working transactions. > > In addition, validators routinely skip blocks, encounter bad forks, or post empty blocks. Even when there's no congestion, validator's unweighed skip rate is [10-25% of blocks](https://solanabeach.io/validators). > > ##Opaque Ledger and Block Explorer > > Solana has several explorers, and all of them are very opaque. The official explorer doesn't allow you to browse blocks and transactions, and it's practical useless. Solana Beach is probalby the best explorer, but it too shows almost no data except for the address and transaction fee. It is very confusing trying to decipher these transactions. There's almost no information on the identity of validators. Both of the main explorers are very slow and often stall when querying details. > > Another part of Solana's obscurity is the 30% of the total supply of SOL that is non-circulating but staked. It's supposedly owned by the Solana Foundation. This has been discussed several times by developers on Discord, but no one seems to understand why it's there and how they're using it. It also doesn't help that Solana's main explorer and Solana Beach explorer won't load details about its non-circulating supply. > > **Unable to Audit Smart Contracts** > > Probably the worst issue on Solana (even worse than the outages) is that you can't audit smart contracts. When you use a smart contract on Solana, you are blindly trusting that it does what it says it'll do. There's not a single Solana Explorer that currently shows smart contract code. > > Developers can publish their source code on another website, but they can also redeploy their on-chain contract at the same address. So users don't have a reliable method of trusting source code published off-chain. > > ##Poor Tokenomics > > **Transaction fees are 99% subsidized by Staking Rewards, which feed back into SOL as supply inflation** > > Like many networks, the low transaction fees are not enough to pay for the cost of running the network. > > Solana is expected to make [$12M in transaction fees in this year going by the current 30-day average]( https://tokenterminal.com/terminal/projects/solana). Staking rewards is expected to [pay out around $1.4B in SOL in 2022](https://messari.io/asset/solana/profile/supply-schedule). That means 99.1% of validator rewards are being paid by staking rewards instead of the artificially-low transaction fees. And staking rewards inflate the supply of the SOL token. > > Total supply inflation for staking started out [at 8% and gradually declines by 15% annually until it reaches 1.5%](https://docs.solana.com/inflation/inflation_schedule). Note that this is an underestimate because these calculations are based on total supply, not circulating supply, which is 30% smaller. Messari currently lists [circulating supply inflation as 7.4%](https://messari.io/screener/supply-and-marketcap-EB1755C2). > > Solana is fully-vested as of Jan 2022, though there is a 30% gap between the recorded circulating and total supply because most of the [Foundation's staked SOL](https://explorer.solana.com/supply?filter=nonCirculating) is not included in circulating supply. (Their Explorer website barely has any supply details or charts, and doesn't even loading half of the time, so it's hard to investigate.) > > ##Other Points > > **Requires insecure bridges to other networks** > > Solana is a bit isolated from other blockchains. It requires insecure bridges to connect to other networks, which is also an issue for many other networks. Bridges often get exploited, like the [Feb 2022 $320M Solana Wormhole hack](https://www.cnbc.com/2022/02/02/320-million-stolen-from-wormhole-bridge-linking-solana-and-ethereum.html). Solana needs a safer cross-chain protocol if it wants to communicate safely with other networks. > > **High validator requirements** > > The minimum requirements for validators are 12-cores and 128GB of memory. 300 Mbit internet server is preferred. These are enterprise-server requirements, and they're expensive to maintain. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.

RandomA55h013

I guess the other option is to exit half of your ETH for SOL maybe. I don't know if SOL will be a big player in a couple of years, but when you look at the SOL vs BTC or SOL vs ETH graph it's pretty solid.

Shiratori-3

Gotta say - (generally and not specific to this SOL thread) I absolutely *hate* having to add additional wallets for every second project and protocol. Just feels like additional points of exposure - it's a big friction point for me anyway.

Zub_76

I held a good amount of SOL that I bought into at around $40. Sold it at a great price, but will now have to pay a premium to jump back in. So it goes.