Hi everyone, I am new to this subreddit. I have been intrigued in learned about various cryptocurrencies and one "underdog" keeps showing up: Solana. I have been reading news about how there is a belief that a jump will happen due to visa's influence on the amount of micro transactions and how effective it is just in general. As a 'newcomer' could anyone explain if my thinking is logical that a spike will happen or am I just overthinking. Once again I am always open to learning and understanding crypto so please feel free to give me a comment on your thoughts. I also keep seeing the term bullish show up can anyone disclose what specific pattern or meaning that term has. Thank you for reading my long post hopefully you have some ideas or thoughts to put out.
What do you think about the current volatility of Solana?
byu/schnauzer1010 inCryptoMarkets
Posted by schnauzer1010
2 Comments
Hype alone doesn’t cause spikes. Price moves usually follow real usage, liquidity, and market cycles, not headlines. “Bullish” just means people expect higher prices, not a guaranteed pattern. If you’re interested, focus more on adoption, dev activity, and how easy it is to actually use and self-custody assets (wallets like Solflare help with that) rather than trying to predict short-term jumps.
Still I don’t believe market is now coming to bullish and right now I am positioning to the right angle of my hold while learning from the market. With this journey Coindepo thought me on how I can manage my assets and put the idle asset to work for me with highest interest rate.