Killer of Ether! That's what the salt pan was called at the beginning of its existence. According to a number of indicators, their blockchain was ahead of the ether blockchain - but!
But everyone witnessed how the Solana blockchain repeatedly stopped its work, and technical work was carried out due to system failures. There were even memes about Solana's blockchain not working on weekends😁
Now to the main thing. Most of Solana's tokens are in the same hands. Investors at the early stages bought tokens at $0.04-$0.25, on average it is from 500x to 2500x before investments. 258,000% profit from investors from $0.04 round today.
Alameda's task was to pump the price of the token to the maximum. I remember how powerful marketing they did in 2020-2021 - everyone really believed that Solana would be the top 2 cryptocurrency and overshadow Ether.
What has practice shown? It was not possible to eclipse Ether in the salt pans for many reasons. To do projects in the ecosystem of the salt flats, on the blockchain that goes to sleep from time to time!?😂
At that time, the #Ethereum ecosystem captured the market, and every third crypto project was built on the Ethereum ecosystem, as it proved to everyone that it is reliable. 👌
How is #Solana pumped now? The hype started with the BONK memcoin, which was pumped by at least x50 in a few months. Guess who pumped this memcoin? Most likely, this is #Alameda itself. Again hype, again marketing, everything in a circle, and solana makes x12, and from the $8 mark, it grows to $100+. Will they be enough for a long time? 🤫
With the understanding that most of the tokens are in the same hands, we can estimate to what capitalization Solana will be able to pump. Now it is 44 billion, it is realistic to see 200 billion. In 2021, hundreds of developers worked on Solana, but in 2022, against the background of all the events, the staff was reduced by 80-90%! Solana was on the verge of collapse. In time, they understood - why do we have so many developers, if it does not affect the price of the token. The cleaning of the team bore fruit and reduced the company's costs.
Do I believe in salt water for $400? Yes, it is possible.
Is this token in tier 1 tokens for my investment? No.
