Is Solana (SOL) Worth Investment in 2022?

[Suba]

Last year SOL coin has brought profit to many people. and in 2022, there are also many people who want to buy and keep SOL as an investment. Can SOL coin give big profits like last year. Currently the SOL price is $90.30, the ATH reached in Nov last year was $260. Currently Solana is the second largest blockchain after Ethereum. Blockchain Solana has also launched a new feature called SolanaPay, as a payment platform. Solana claims to be able to process 2,400 transactions per second with an average Solana Pay transaction fee of US$0.01. So in your opinion, would SOL coin be profitable as an investment, and do you recommend it.

 

[Shaf]

It depends on how much profits you would be expecting from it, or if you are in it for the technology. If it's for the technology, Solana has proven itself to deliver as promised. Fast transaction times with get low transaction fees. The team is all's working to bring out new updates and fix any issues that arise.

If you are considering the profits you can make if you buy Solana now, it won't be much because of its large market cap. It Amy give another 3x to 5x maximum which compared to other low cap altcoins that are yet to pump is not much.

However it has stability. Once a coin has such a large marketcap, coupled with that type of team you can be assured that your money will not be rugged or decline to zero in a bear run. Even if that happens, it has the possibility of coming back up again.

 

[Mika]

It is true that Solana grew massively in 2021, from less than $2 to its all time high $260; however, in 2022, it may not repete the same history, yet it can still be beneficial. It is really difficult to predict anything correctly when it comes to crypto market. Until last November, last year, everything was going fine in the crypto market, and then the price began to drop. The investors and experts said rising cases of Corona virus in the US was to blame for the drop in the price. Another cause of the market drop was the rising concern over the energy consumption in mining. With the beginning of the 2022, the market improved slightly but it failed again because of Russian central bank proposal of banning cryptocurrency. Then Russian attacked Ukraine and the crypto currency market fell even further down. The crypto market goes in tandem with the politics, if everything is alright the market start to appreciate. Currently Sol is in the 9th position according to the market cap rank, until few days it was ahead of ADA and ranked 5th, now it is behind ADA. I can see Sol going strong in coming days but it all depends on how the market grows.

 

[Yugocean]

SOL raised from cents to $250+ in 2020-21, it was from rag to ritches, however in 2022 it saw more than 60% value decline and fall too low. In our known way, if we accept the "Buy The Dip" theory, then SOL is currently available at affordable price.
Low fees will remain an attraction, (but not more than 1 cent).

 

[innarri]

I think Solana has a great future. Even bigger than 2021. I constantly monitor information about quality cryptocurrencies. It is even in the Top 5 cryptocurrencies to buy in 2022.