#SOL A month ago, I conducted a fundamental analysis of SOL at block 18, and judged its potential to rise. At block 31, it traded sideways for a period of time and chose to take profit, accumulating strength to continue rising ( And it happened to be that when SOL was holding a community conference in the Netherlands, I chose to continue getting on the bus at 34 so as not to be left behind. This article will review and summarize the fundamentals of Solana as comprehensively as possible for your reference.
There are two main reasons why many people are not optimistic about Sol:
1. There is no banker. After the FTX thunderstorm, Sol's vitality was severely damaged and fell to 8 yuan. Therefore, many people think that Sol has no banker behind it and cannot pull it up.
2. It is difficult for old projects from the previous cycle to cross the two cycles, or popularly known as "speculating on the new but not the old"
Then why I decided to buy Sol after analyzing the fundamentals and continued to increase my position midway. There are four main reasons:
1. External forces: Sol gives me a very strong feeling that the mainstream forces of Web3 and Web2 are supporting it. This is the biggest pillar of confidence for me to buy. Secondly, the change of banker behind the support of so many mainstream forces is very obvious. .
The mainstream forces of Web3, including Vitalik and MakerDAO, supported Sol at critical moments. Vitalik defended Sol and said that it was underestimated. MakerDAO said that Sol is the most promising code base. The founder of Bankless just posted the five encryption questions yesterday. The third question is to explore the relationship between Sol and Ethereum.
The mainstream forces of Web2 include Visa's intention to use Sol for B2B settlement, and VanEck even issued a special article bullish on Sol to 3211.
It is very rare for many mainstream forces in Web3 and Web2 to support Sol. It is rare for a certain public chain to enjoy this kind of treatment.
2. Internal strength: Sol held intensive hackathons in October and November, and recently released an acceleration camp plan, which means that it will invest resources in the developer ecosystem and at least convey to the outside world the signal that "the team has to do something"
3. An important detail that many people overlook is that Jump Crypto has specially developed verification nodes for Solana. Being a validator on a chain is almost a guaranteed profit-making business, but the premise is that someone in this chain generates transactions. As a leading market maker in the industry, Jump Crypto went to work on Sol’s verification node. The signal behind this is self-evident... I believe most people have ignored this detail.
4. The story of the Ethereum killer will never end. The killer of the last cycle is Sol who has survived until now. I will not comment too much on the current status of the two brothers Move, the killers of this cycle... So the short man will pull out the general. Sol has a chance to fight again, so after comprehensive analysis, I thought Sol could be bought.
The reason for taking profit on 31 is for risk aversion. The current support factor for the market's rise is too single and completely unpredictable, namely ETF. The market was frightened before the official ruling on January 10, so if the increase is sufficient, it will Risk-averse exit.
34 chose to continue boarding for two reasons. First, after testing the market sentiment, he believed that the popularity has not subsided. Second, Solana happened to hold a very large-scale community meeting in the Netherlands at that time. So many big players and core members of Sol gathered together. If you say you won't pull the trigger...who would believe it?
