#solana Can Solana still be purchased now? Is it time to sell? First of all, it can be said with certainty that if your holding period is greater than 3 months, you can buy it now, but what we are talking about here is the spot, not that you go long in the contract. The industry as a whole is gradually recovering from the last round of bear market, and Bitcoin has also broken through 38,000 US dollars. So, driven by the market, there is not much suspense about Solana's price rising strongly in the near future. However, since it has nearly doubled in recent times, a major short-term correction may come at any time, so leveraged contracts are a no-no. Gamblers who think they can accurately calculate every rise and fall should still take a closer look in the mirror.
Solana rose sharply earlier due to the manipulation of #SBF , the founder of FTX, nicknamed Afro, and became one of the well-known 100-fold coins in 21 years. After that, it plummeted due to the liquidation of various loans in the bear market, and finally hit the bottom after SBF was arrested for fraud. The price was only about 9 US dollars, a 96% drop from the highest level. Without SBF, the behind-the-scenes banker, Solana has been severely damaged, but fortunately its ecology has begun to take shape. Although there are no innovative DAPPs, it has still gained part of the market with the advantages of TPS. Therefore, after its price comes out of the low level, it can have a certain value support. But in the long run, it may be difficult to truly gain a foothold based on high TPS alone. You must know that the TPS of second- and third-tier public chains are very high, such as AVAX, TRON, etc. This is not because they are technologically advanced, but simply because they are highly centralized. If we only compare TPS, Aircoin’s TPS is the highest.
Therefore, at the current price, the price of Solana's token $SOL SOL is expected to continue to recover, but this is only because the market is rising. Unless there is a major innovation in its ecology, the price will not be able to effectively stabilize or break through the previous high.
Overall, Solana may experience a sharp correction within a month, with a short-term potential of C. In the medium and long term, in the bull market expected in the next two years, the price is expected to be close to the previous high. However, considering the serious homogeneity of fundamentals, it is difficult for the price to truly rise and pose a threat to Ethereum. The overall strength is good and safe. The margins are average and not suitable for heavy positions or ultra-long-term holdings. The long-term reasonable value should be less than 10 billion US dollars.
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