What a terrible year 2022 is for the crypto industry as a whole. The situation for Solana (SOL) is not very good, and after the FTX crash, it is getting worse since Alameda research has a large number of tokens in the Solana ecosystem. The city of Crypto represents what the future is going to make it as a long age.
Why are the Arguments Using the Suna?
As Solana’s efforts at NFT failed, the protocol situation seemed to worsen. Two important environmental issues Solana visited for other channels in the past days. Their departure will take place in the first quarter of 2019.
Solana NFT DeGods deflationary project recently announced that it will move to the Ethereum environment in the first quarter of 2023. In addition, Y00topia, another Solana NFT project, has announced that it will connect to the Polygon blockchain early next year.
The creators of the project say that the growth can be significantly improved in Ethereum and Polygon. SOL used to be one of the top 10 stocks by market until FTX crashed. It competes with other cryptocurrencies such as Binance Coin (BNB), Cardano (ADA), and Ripple (XRP). Here, SOL ranks sixteenth and has a market value of more than $5 billion.
Bitboy is Talking About Solana
A famous cryptocurrency activist and YouTuber by the name of Bitboy Crypto has given some predictions about SOL. According to him, there will be an increase in the number of jobs that come out of SOL environment.
In his words: “I’m sorry if this bothers you… but these are the truths. Many NFT and crypto services will leave SOL.”
On December 26, the founder of SOL Labs Anatoly Yakovenko responded to this message, saying that it would be better if they focused only on Solana. Nevertheless, he is optimistic about the growth of the Solana environment because of the interest from the group’s efforts to explore the uncharted territory.
People on Twitter disagree. Although it is clear that some people think that the crypto project will be destroyed, others are optimistic because they have seen the high level of work and dedication of the group.
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Is SOL Dead?
However, the joy of feeling remains negative; An ongoing survey by Bitboy shows that almost 70% of users believe that Solana is dead. Although SOL has had a lot of issues recently, I am confident that the project will eventually return. So, in my opinion, you should not lose hope.
Disclaimer
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
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