SOL

oopssomething

People here always warn to not trade Crypto but besides rare occurrences of hacks or other illegal activities how can you lose money on top 10 coins? If you bought in BTC or SOL in January you are already way up, even if you bought beginning of September you are up.

pushandpullandLEGSSS

Good time to buy some stablecoins with your SOL. And swap back when she comes back down.

keyoh321

SOL is nearly 6% in the green at $21.50, amazing way to start Pumptober, with this information, do we have any price predictions for where SOL may be at the end of the month? 👀

Pibo1987

I wonder whether all these institutional investors will look beyond BTC and ETH once these are fully part of their offering. Are we gonna see an ADA or a SOL ETF? I know that for now the interest is not there and it’s not worth it, but in a couple of years things might change drastically, especially if the next bull run turns out to be all we are hoping for.

muttadile1

$DOT $LINK $SOL no questions asked

SnehGorasia

SOL

muttadile1

as always, dont forget $LINK and $SOL

muttadile1

personally , i'm DCAing SOL and LINK :')

MericaGuy

Still MATIC, ADA, but im also looking to add some thing like SOL or LINK this month.

Mariahausfrau

I sold my SOL once it got even with my avg. Havent got into it anymore.

eat-sleep-rave

Right now it would be SOL

prosenl1

Exactly this for me as well. I like SOL, but having shut down multiple times has shaken my trust. But I do have some in my portfolio and it has been doing great.

muttadile1

Definitely picking up more SOL and DCAing, the price is too good right now despite the bear market the devs is pushing for mass adoption!

BradVet

Nice buys. Im buying VET, CRO, SOL and ARB atm

Infermion

Yeah, I think SOL will be one of the alts that will do well during the next bull market.

Mariahausfrau

SOL is climbing but it got some trust issues for many here. Lets see how long it lasts.

BradVet

Got to say SOL is looking like it will have legs into the next bull market is up more than bitcoin the last three months and another 5% today with some positive recent news

muttadile1

i only ever DCA alt coins, LINK,SOL,AVAX BTC ROR seems too low

Revolutionary_Mix941

SOL😍

keyoh321

DCA Day for me, just picked up some ETH, MATIC and SOL, anyone else DCAing on this fine day? If so, what are you picking up? 👀

WineMakerBg

They are both fed with 2021 data, therefore ADA & SOL are included.

Harold838383

Interesting that they both picked ADA and SOL

Revolutionary_Mix941

SOL has a lot of adoption going on, Bullish

SnehGorasia

Does SOL have top 3 potential with Shopify and Visa joining them?

Jojorent

Not surprising though because SOL is also in the same bed https://www.coindesk.com/layer2/2022/08/05/the-fake-team-that-made-solana-defi-look-huge/ All these VC heavy trash are epitome of unethical trash

0xjoel

SOL is a gem Ngl nice Over all A really good pick of project They are all solid

muttadile1

Alright, im gonna believe in history and frontrun this uptober. Putting more fiat reserves into $LINK, $DOT, $SOL what else am i missing?

Luddites_Unite

Not sure. It lists 4 coins for staking. Eth @ 3%, ADA @ 2.6%, SOL @ 4.8% and DOT @ 11.7%.

chchrnblklk

Really frustrated that I did not buy that SOL dip below $18. I was waiting for the FTX liquidation to hit.

SimbaTheWeasel

Poor SOL still catching strays

loksfox

Essentially the price will have to adhere to wide spread use of the network. So far Solana has scored many partnerships. Visa and Shopify alone are huge. I believe SOL reach Eths current marketcap sometime this coming bullrun. Thats roughly a 25x from here and a price of $500. But i plan on start DCAing out at $200 which is pretty much a 10x

Immediate_Marzipan28

Tears roll down my eyes just thinking about the bag of SOL I'm holding. :(

kiratiiiii

I'm not entirely sure, but if I remember correctly the developers created more chain for their quick profit which resulted in the price crashing on old SOL chain.

Bandit_Quick

I always am caught also. BTW..My SOL is up nicely!

guanzo91

SOL literally went up after I sold at a loss to cover for taxes. Probably just confirmation bias but jeez.

deeruser

Nice that I bought some SOL yesterday

keyoh321

Seeing some nice movement from SOL and VET today, futures bright.

Impossible-Injury932

I like it and have all of those in my bag from the end of the last bull run. That said doesn't history say that most alts get one bull run? I mean I can see SOL(Visa deal), Link( Oracle network) and maybe ADA if Charlie shuts up. I hope not because I hold them.

kirtash93

I think the best DCA strategy if you want some risk is DCA 35% BTC, 35% ETH and 30% alts like ADA, ALGO, DOT, MATIC, LINK, ATOM and SOL.

deinterest

SOL has a lot going for it. Lots of developers too.

RUBEN4iK

I'm remember how someone said here that SOL never stays under 20$ for long.. might be true, lol

nacockerspaniel

What’s up with SOL? Just another day?

Curatole

Don't like both, but if i have to choose one then SOL. Although the image is quite bad because of SBF, but people use it more than ADA (also i don't like charles).

Black-Raider8

With the amount of hacks happening on SOL, I'll go with ADA.

MrMogz

Friendly reminder to try to find some new projects for your portfolio that haven’t had a bull run yet. Not saying these legacy coins like SOL, ADA, AVAX, etc won’t do well, but most of the big ones from 2017’s bull run didn’t really do well in 2021ms run, compared to new L1’s at least. They did fine, but most onto reached around (or a bit less than) their previous ATH, there was no new price discovery. Finding the projects in this bear that are going to break into the top 100 in the bull is where the big money will be made IMO. That said, getting 5-10x from these legacy coins is still fantastic and not to be scoffed at, just mentioning that I don’t think we’ll be seeing them do things like 50x in the bull

bvandepol

Is that because SOL is performing well or ADA so poor?

Black-Raider8

My trauma for SOL hasn't healed yet. I'll hold on with my ALGOs for now.

MaxSmart1981

My bags are like 60% BTC, 20% ETH, 10% SOL and 10% MKR.

Pitiful-Scar-2246

SOL would be my choice but I like both.

TheHoodOG

If held at gunpoint and had to choose between SOL and ADA, would you rather get shot in the leg or the arm?

SnehGorasia

SOL just flipped ADA! Any news on the SOL front?

cassiopeiamedusa

SOL

InternetStrang3r

SOL because I hold ADA and I know the market always does the opposite of what I need

juiciestJbox

ADA vs. SOL, which would you pick?

raymv1987

What's up with SOL today? Flipped doge

Pibo1987

Then I would actually have a heart attack. Like, my buying price for SOL is around $30…

C-Dawg420

SOL

Pibo1987

SOL at $21 is both a wonderful and a depressing sight…

Soil_Electronic

SOL pumping out of nowhere?

mattg1981

SOL will have a solid bull. Not ATH - but solid

Jojorent

Not enough data inputted. You need to input information like macro economic data and SOL specific data like https://www.google.com/amp/s/www.coindesk.com/layer2/2022/08/05/the-fake-team-that-made-solana-defi-look-huge/%3foutputType=amp

Calm-Cartographer677

Haha given I've bought SOL, he's probably shorted it with my track record.

Yautja69

Buying SOL and Selling ALGO ?

YourMovieBuddy

Because SOL is inevitable

Abject-Government-13

AI can predict the price of SOL, just not the ones we have access too. I bet there are systems that would have calculated it to the 18th decimal if we asked them too. We need to find someone with access to the good stuff and have them WOW us.

Orgull0

Yep, personally I would bet on other layer 1 chains if we are talking about investing for the long term. But if it's short/mid term, a SOL's bag is not a bad option

Orgull0

Judging solely by price performance, SOL tends to do quite well. But from a technical point of view, I wouldn't trust them too much if I wanted to hold them for the long term

InternetStrang3r

As a cardano bag holder and knowing my luck, SOL all the way

prosenl1

When choosing between SOL and ADA, in which do you have more faith?

CointestMod

#Solana Con-Arguments Below is a Solana con-argument written by Maleficent_Plankton. > #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.

jennyYESs

SOL: I'm down for some prediction game.

SetoXlll

SOL is definitely a very peculiar and weird conundrum.

SnehGorasia

SOL, i see its not getting as much attention as it used to, earlier there was sheer hate for it

torvaman

chainlinkgod has never posted about SOL, what are you talking about?

Geolinear

Did anyone else the SOL v ALGO transaction videos? What’s the deal with SOL and their finality ?

eat-sleep-rave

And they're also bullish on SOL

Omnomnomnivor3

What were these notable eth killer back in the days? ALGO and SOL one of them?

keyoh321

Solid choice, I’m right there with you on MATIC and ETH, I’d probably swap out XRP for SOL though personally.

TheyAskWho

SOL, please no hate from SOL holders, I’m still holding at least 🤷‍♂️

lukekibs

Just noticed SOL’s staking APY % on coinbase has jumped up to 5.01%. I feel like I need to buy more now

djekson1993july

Having 10 SOL token right now, i think it is enough for me to ride for the next bull run

podfather2000

Buying SOL and selling near the top.

Jonashaahr

SOL looks cool i only like the logo tho

nacockerspaniel

What do mean and SOL have in common? Our disdain for 2020($20.20)