IS _____ LIKE BUYING ETHEREUM AT $80?
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Timestamps:
0:00 – Crypto’s best opportunity?
1:15 – Now is the time to buy?
1:49 – It is possible to get rich in crypto.
2:06 – Solana like buying Ethereum at $80?
2:29 – What makes Solana special?
4:40 – BIG RED FLAG for Solana
5:09 – Can Solana move past FTX fallout?
6:04 – How will they get past SBF influence?
7:18 – Looking at Solana (by the fundamental #s)
8:27 – SOL optimizing for this
8:51 – How high can Solana fly?
**Note: My overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. Alts are interesting but a lot more speculative. I use them to accumulate more Bitcoin.
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Most of my crypto portfolio is Bitcoin, then Ethereum, but I hold many cryptocurrencies, possibly ones discussed in this video.
Coins I hold or will hold more than $1k worth (in no particular order): BTC, ETH, ADA, SOL, DOT, AVAX, EGLD, MINA, SUPER, FEAR, VPP, XCAD, RUNE, XDEFI, OPUL, LINK, RFOX, INJ, XPLOT, REALM, NIF, VPAD, SENATE, SIDUS, FORM, DON, CELL, BICO, SIS, MATIC, IMX, METIS, BNB, MANA, SAND, THETA, TFUEL, GMT
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If you would have bought ethereum at the depths of
the last bear cycle when ethereum was just eighty Dollars and you'd have sold ethereum near the top
of the following bull cycle when ethereum was four Thousand seven hundred dollars you'd have made
five thousand seven hundred percent gains meaning If you would have invested one thousand dollars
into ethereum at the bottom you could have cashed Out that ethereum and made sixty thousand dollars
at the Top If you want to make money in crypto do Two things right now number one follow our channel
for daily crypto coverage and two thumbs up this Video now obviously it's near impossible to buy
the exact bottom and then sell the exact top what Is possible is recognizing an altcoin opportunity
near the lows understanding the risk reward ratio Buying holding and then selling into strength as
you're seeing 1 1000 gains three thousand gains Maybe even 5 000 gains and maybe you don't make
sixty thousand dollars but with fifty thousand Dollars be enough would thirty thousand dollars
be enough how would even ten thousand dollars Change your life this year many believe that
the worst part of the bear Market is now over Not only because crypto is eighty percent ninety
percent corrected since all-time Highs but also With the collapse of big players like three error
Capital Celsius block five and of course the FTX Insolvency deleveraging fraud collapse marking
the market bottom although I think it is likely That we'll probably see a lot of consolidation and
chopping around in the short term in the midterm Many believe that there's a major bull market on
the horizon it is possible to get rich and change Your life in crypto again you must understand the
risk versus rewards never invest more than you can Afford to lose in videos on this channel just
like this one never Financial advice make your Own decisions do your own research in today's
video I want to highlight why Solana might go On to see five thousand percent gains just like
ethereum when ethereum was just 80 in the bear Market of last cycle we need to answer some very
important questions regarding Solana and its place In the cryptocurrency market in 2023 and Beyond
but before we get to that let's answer the most Basic question what is Solana and what makes it
special Solana is a platform that seeks to provide A foundation for decentralized applications or
adapts in a way that prioritizes scalability in This aim Solana is one of several competing
blockchains of course the original ethereum Silica cardano Avalanche e-gold that hopes to
grow an ecosystem of cryptocurrency powered Products and services to differentiate itself
Solana introduced a combination of architectural Design choices that attempts to offer faster or
transaction settlement times and an infrastructure That focuses on flexibility that enables
developers to write and launch customizable Applications in multiple programming languages
Solana attempts to achieve a superior level of Transaction speed and blockchain scalability
Solana is doing this by building on top of Several pillars of innovation that make the chain
faster and more secure these features or pillars Are set to revolutionize the world of dapps and
transactions let's dig in Salon operates on top
Of eight core components or pillars to achieve
what it has achieved and aims to achieve proof Of History Gulf Stream sea level turbine Cloud
break pipeline archivers while technologically Complex and intricate each component is meant
to optimize the amount of transactions Solana Can execute without sharding its chain or using
a layer 2 Network a little bit more detail Salon You uses a unique hybrid consensus mechanism
a combination of proof of stake and proof of Work to achieve these faster confirmation
times to achieve the lower transaction fees And to reduce its energy consumption this is
compared to traditional proof of work the tldr On the architecture the way the chain is set up
is Solana and L1 chain offers Speedy streamlined Transactions with instant finality low latency
and low cost with a peak daily average of 6 000 plus transactions per second it's one of
the fastest blockchains out there now before We move any further we need to address possibly
the biggest black mark on Solana's record Solana And FTX were very intertwined and getting more
intertwined over the past couple years Bloomberg Had Austin Federer the head of strategy and
Communications at Solana Foundation to address Exactly this along with Solana's 2023 strategy
in Outlook Solana became so so intertwined with FTX can Solana move past the FTX Fallout is that
possible Solana became very intertwined with the Downfall of FTX with sambang of Reed had very
much been sort of a driving force in some ways As Solana become so popular but they held a lot
of it and there's a little worry that your price Would fall on the back of for selling what's your
experience how do you move past the Fallout of FTX Yeah if you look at the beginning of November
a lot of the headlines were Doom and Gloom for The Solana Network and what we've really seen
since then were about what two months out from From that initial news is active addresses are up
more people are using the network than were before There's actually more validators on the network
than before FTX collapsed so what we've seen is The community and developers all around the world
really come together and replace the parts of the Ecosystem that had FTX involvement and then expand
from there so if you look at active addresses each Day Salon is higher than all other blockchains
at this point it's just Solana had a historic Relationship with SPF what is Solana doing to
move past this relationship in 2023 and going Forward I have to ask you about Sam Bachman freed
the relationship or historic relationship between SPF and Solana what are you doing to move past
that relationship how what is the relationship In present day sure so you know in about in summer
of 2020 that was when Sam and FTX got involved in The Solana Network and they were building real
infrastructure on the network that couldn't be Built on any other blockchain network serum
which was essential limit order book built on Chain it was the first Central limit order book
deployed on a blockchain that code has been taken Over by the community and relaunched to something
called open book and so that's kind of what I was Talking about about the community healing parts
of the ecosystem that FTX and Sam were involved
In I think moving past it though is really it's
on chain metrics right it's that users are still Here developers are still building and there's a
lot of excitement around what's getting built on The network Solana Foundation is hoping that users
investors speculators judge the Solana network not Based on their past relationship with Sam bankman
freed but the current state of the network the Numbers so let's take a look at the numbers a new
report by Electric Capital shows that Solana is The fastest growing developer ecosystem surpassing
2 000 total developers in 2022 its second in raw Numbers only to ethereum it's interesting because
I remember in 2018 2019 when ethereum was low when Ethereum was around 80 100 although the price was
low the developer metrics were just like this do You understand Solana has the most active devs
of any chain besides ethereum and the highest Overall percent growth at 83 percent the total
number of developers on Solana grew 83 percent From December 2022 to a year earlier the fastest
rate of growth from any major change the total Number of developers on Solana has grown more than
10x since 2018 more than any other blockchain the Fact is it's becoming easier to build on Solana
than ever before developer interest spikes around Hackathons new courses and other developer
friendly in real life events you can see that Here again Salon optimizing itself for the most
scalable with the lowest cost did you know that You need to perform approximately 2 600 priority
transactions to spend just one dollar worth of Soul even priority fees are extremely cheap on
Solana Solana has two modes now fast and cheaper Or faster and cheap either way you're winning
with solanum so is buying Solana at this time Like buying ethereum around eighty dollars maybe
even around a hundred dollars if Solana rallies Five thousand seven hundred percent what is
the peak Solana price we could be looking at Near the top of the next cycle 500 plus dollars
per 1 Solana coin tell me what you think in the Comments below subscribe to our channel for
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