Fun

Solana Might Be In Trouble... Maybe

bitcoinflood - 2024-11-11 15:18:15


Solana or SOL has been doing rather well since it was first created back in 2020 it did well in the first bull run pushing upwards of $250 and that ATH is starting to close in once again as SOL now reaches near $220 in value



Since then SOL like the rest of the market had a sluggish three years with prices around $25 but since then it's been following pretty close with the BTC trend pretty much mimicking it.


With a rather large current inflation which is shrinking as time moves on people are starting to wonder if SOL could be the next moon shot or is the token actully running into issues primarily with it's centralization?


This is starting to come into question as Solana has had a lot of VC support over the years. But the question comes down to if this really matters? Do people care about decentralization as much as they care about making a buck? History has shown us that that's clearly not the case as there have been plenty of true decartelized solutions over the years of which many of them went belly up or are hardly used at all.