Solana Has Done Great In 2 Years

In 2022 one of the richest and the most powerful men in the crypto space was publicly supporting and shilling Solana. Late 2022 it was discovered that his company was going bankrupt and he has mismanaged investors funds, this made Solana price plummet, went so low in value. From seeing Solana at over $200 to $9. For a moment I lost hope in Solana, I didn’t want to associate myself to the token. That was the moment Solana was known for its constant blockchain shutdown, it wasn’t giving it a good reputation.

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Today look at the price, the price is back at over $200 with a huge meme trading volume generated on the chain. I watch lots of memecoins get traded some get up to $1 Billion market cap, this is an example of how much of Solana get demanded. The beauty of Solana is the low gas fees, it’s so easy to buy and sell tokens in the Solana ecosystem. I wrote a post on the struggles I faced trading meme coins on the Ethereum chain, I couldn’t scalp my profit because of the Ethereum high gas fees, so I switched to the Solana meme coins.

NFT trading on the Solana chain is also great, Solana is maintaining number 4 on the crypto market cap list. That’s an OG position for a project that was once feared to would be gone and forgotten.