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Chetan Discussion started by Chetan 4 months ago
2021 was undeniably the year of Solana. And there are people who have made fortunes. It literally went 100x Shocking even the most hardcore believers, but it's 2022 now and things are different. So I'm wondering the Solana still have 10x potential or as the bound for more pain after already dropping 80% from its all-time high. Well, to answer this question, we've got to look at three things in particular Solana’s, past, present and future in just a minute we're going to look at all the bullish things going on and Solana land but first we got to start with a couple of problems that began in the past but still have not been resolved yet.
 The first is all the network issues. They have faced college DDoS attacks, network congestion, whatever. All I know is that this was not a one time event. It's been happening ever since they launched and I count five to 10 separate incidents, depending on how you slice them without getting too deep into the details. I think a big reason why this happens is because of their network architecture. Solana optimizes for fast and cheap transactions, which is great, but unfortunately that allows people to spam the network. Like when there's a hot NFT moment, people create bots that spam the network with 1000s of transactions to try to claim the NF T's. They can do that because gas fees are so incredibly cheap.

 But the problem is the network gets clogged up validators cannot operate anymore, and everything just stops working the problem got so bad that a few weeks ago, we saw Solana validators consider banning certain smart contracts to reduce spam and the network. That's definitely not the right solution because that's straight up censorship which goes against the very core of blockchain, but I understand why they're so desperate to find a solution. Because whenever the network crashes, it stays down for hours, if not days, and that could be catastrophic for defy users. If someone has defi loans on Solana, they may get liquidated if they're not able to top off their loans in time. This isn't just some theory, by the way it happened to Solana users during the January outage and a lot of people got wrecked for no fault of their own. So that's why I think this is an existential crisis for the team to fix. I don't know what it's going to take maybe adding a fee market or switching to a modular design, but whatever it is, they have to fix this before the next Bull Run or Solana. will never be able to take that next step.

Now the second issue that worries me is there tokenomics. Remember this chart from a sorry that shows Solana having one of the worst insider concentrations out there, close to 50% of their initial token supply was allocated to insiders. If you look at their token supply curve, we see that the biggest unlocks are behind us, which means that insiders have had an opportunity to dump their tokens. Surprisingly, the price of soul did not dump when those unlocks happened, most likely because the insiders and whales were benevolent and bullish. But here's the thing they got in at such a low price that they're still up like 100x Even though we dropped 80% from all time highs. So during the prolonged bear markets, I expect him to take profits aggressively which would be terrible for us holders who bought in at much higher prices. But I don't want to dwell on the past because this video is about So long as future after all, so let's move to the present and look at the state of Solana.

In terms of Solana metrics, they're looking quite healthy Solanas total value locked is sitting at over $4 billion, even after a six-month bear period. And their number of validators has grown to over 1700 from 1300 at the beginning of the year, but more importantly, their stake concentration has been improving steadily. This is measured by the Nakamoto coefficient, and theirs has increased to 24, which means that they're more decentralized than before. Speaking of staking, if over 73% of their available tokens staked which is one of the highest compared to his peers. And lastly, through developer growth has also topped the charts per the most recent electric capital developers report. I think a big reason why their metrics are doing so well is because their NFT scene is absolutely popping. Just look at this. They're second only to Aetherium in terms of sales volume, and in the past 30 days, they've done over 300 million and NFT sales, their unique buyers chart is also trending up and to the right one explanation for this is that Solana offers low fees and fast speeds which is what the people want. But I think another explanation is that there's a lot more quality marketplaces that support Solana these days like open sea and RedBubble both started supporting Solana nfts Recently, then there's magic Eden, a Solana native marketplace that's doing quite well even FTX launched her own marketplace, which supported Solana from the beginning. So with all these options out there, it's no surprise there. NFT sector is still poppin despite the bear market, it's not only NF T's though, Solana has seen a bunch of high profile integrations across the board, like Coinbase started listing Solana tokens. For the first time ever in January brave decided to integrate Solana into their browser allowing their 42 million users to access Solana daps seamlessly Phantom, the popular browser wallet for Solana is doing amazing as well. They surpassed 2 million users recently and reached a $1 billion dollar valuation after the most recent fundraise so Coinbase brave phantom all of these are helping grow the activity and adoption across the Solana ecosystem. But remember the point of this video is to analyze how Solana will perform this year. So far we've looked at the past and present and the only thing missing is the future. Specifically there are three things in particular that we're looking out for this year. First are all the hot projects launching in there, like stepping

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gopalan
gopalan 9:55 Do you think Solana will drop 90% from ATH , or 90% from current price? 4 months ago
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sinsJohnny
sinsJohnny Saying that "Censorship" goes "against the very core of Blockchain", is an erroneous statement.
Blockchain is not a Religion, it's just...
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4 months ago
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MuntasirMahmud
MuntasirMahmud And the fact that most of the crypto developers and Exchanges buys BITCOIN using our invested fiat from buying their projects..I think it's clear to... Show more 4 months ago
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KumarShreekant
KumarShreekant Great discussion man! Would be cool for you to do a similar one for Avalanche as a follow up of your previous Avalanche discussion. 4 months ago
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PratikAnand
PratikAnand With regards to an objective assessment: Coinsider > Investanswers, aka the Shillana whisperer 4 months ago
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AvishekLala
AvishekLala Paid discussion. You just selling the credibility you gained from luna discussion. 4 months ago
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RohitBhatia
RohitBhatia Should have listened to you about Luna before the crash. Now I’m dumping my sol bag for Eth and BTC. 4 months ago
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AminulIslam
AminulIslam haven't touch Solana for 4 months, I had enough after I experienced network interruptions for the second time. 4 months ago
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AdityaJha
AdityaJha Solana has some of the worst censorship in its Discord. Its circle is uppity and authoritarian. It bans dissents and criticism against old members... Show more 4 months ago
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Mathew
Mathew So many people still in denial, it is a bear market, no huge pump coming at the end of the year. Same people said we would reach 100K for sure last... Show more 4 months ago
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DivyanshuG
DivyanshuG Unless stephen is somehow mining blocks through users walking energy how are they suppose to pay for it? 4 months ago
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DarshTibrewal
DarshTibrewal Thank you for Solana insights, can you please make discussion about Tezos?? 4 months ago
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UjjwalRaj
UjjwalRaj Any coin without fixed supply doesn't interest me for long term investing. 4 months ago
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HarishKumar
HarishKumar EOS had The same issue with spam clogging the network because of free transactions. 4 months ago
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Ajaykumar
Ajaykumar The only thing that's going to move Solana is if BTC goes up. The only thing that's going to move BTC is the Nasdaq and S&P500 4 months ago
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HimanshuPal
HimanshuPal I am buying Solana EVERY DAY, I am so bullish on this project. It doesn't matter if the price goes down 90%, I will keep buying each day until it... Show more 4 months ago
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mihir
mihir Look here i am down 80% on all **** coin together, I think i will sell all and put on eth. Dont need to keep looking out.
Any expert or coinsider can...
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4 months ago
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AshishKumar
AshishKumar I remember when Solana Blockchain was launched it was the fastest and the cheapest we've ever seen. I didn't invest at the Lowest point because of... Show more 4 months ago
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KaushalSonwane
KaushalSonwane Hey CoinInsider. I have been watching Filecoin FIL for some time now, and you said that in the next bear market you would love to pick up a bag... Show more 4 months ago
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prathamgirdhar
prathamgirdhar Can you do a discussion on Shiba Inu? Shibarium should be launching soon. Will it massively pump? 4 months ago
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sarfarazjaseem
sarfarazjaseem Solans is fast and cheap.

The same 2 reasons why it is shit.
4 months ago
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IqraHayat
IqraHayat The Solana nft ecosystem is no joke. I'm building in it and aside from a few days of fear during that huge sell off, it's been back to business as... Show more 4 months ago
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TirthoDon
TirthoDon Well Sol was dayin till rich billionaire, invested a lots of money, also Sol its still in beta, most of scsms are on Sol, hack on Sol, be crfl with... Show more 4 months ago
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kunalGurung
kunalGurung can you put upload time on the discussion or description? maybe I missed but I havent seen any date, like it seems early 2022

coinmarketcap had a prediction...
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4 months ago
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MOHAMMADJUNAID
MOHAMMADJUNAID You said it yourself, it's focus is primarily on gaming. If you pair that with upcoming projects like StepN and Hivemapper, virtual reality is going... Show more 4 months ago
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NahidNazneen
NahidNazneen 4:57 in terms of growth of full time monthly developers, I think that metric can be seen also as "bad sign" due to Luna is ranked first but as you... Show more 4 months ago
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sudhanshuchaurasiya
sudhanshuchaurasiya I really cant understand why people invest in so much money in projects thst get hacked and crash all the time or are centralized. 4 months ago
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AbhijeetAman
AbhijeetAman First View Brother. Please do a New discussion on Gala Games please.. 4 months ago
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amankumar
amankumar Idol, pls review Loop Network, is it the next and better version of solana network? 4 months ago
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ManasKumar
ManasKumar Why have you never done a discussion on xrp but regardless I'm loading up on it. 4 months ago
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SAbhishek
SAbhishek Hi mate, great discussion. Can you make a discussion on neon EBM? Like what is it and how to earn on it? 4 months ago
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mohanp
mohanp Great discussion! Would be awesome if you could do an update on Polygon - they seem to have a lot of changes with Project Nightfall, taking on... Show more 4 months ago
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rahulspiky
rahulspiky To all Solana NFT teams. Minting an NFT project on the SOL blockchain is VERY risky due to the network crashing during your private/public mint. I... Show more 4 months ago
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ShabyaKumari
ShabyaKumari you forgot to mention about solana pay. The digital payments industry is expected to reach approximately 12trillion$ by 2028 so imagine if SolPay... Show more 4 months ago
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siddharths716
siddharths716 Hi. What do you think about hypergraph technology. Could be better than blockchain in the future? 4 months ago
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AkashVerma
AkashVerma I am a SOL bull its that simple, i strongly believe once they move from beta we will see great thing from what i believe is the best alt chain out... Show more 4 months ago
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shunurajputtttC
shunurajputtttC Trifecta baby, this is why Ethereum is the king. Security and decentralization is most important, not scalability Solana, sorry 4 months ago
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BarunSingh
BarunSingh Solana is my largest investment. The current problems with Solana can be fixed over time (network issues and centralization). The bones and backbone of... Show more 4 months ago
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TonyStark
TonyStark I remember when my friend was talking about it last Feb 2021, he said he was only going buy when it dips back to 4$ because of his "Technical... Show more 4 months ago
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HarmanKardon
HarmanKardon As usual, if a token goes 10x, it will crash 90% as the early adopter/buyer/institution ppl will cash out and rebuy it again once in the... Show more 4 months ago
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ShivaDubey
ShivaDubey Have you made a portfolio discussion? What crypto are you holding for the long term? 4 months ago
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SibasankarJena
SibasankarJena It will 10x up in the 4th quarter of the year, for now it has to -90% down 4 months ago
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Ankitkumar
Ankitkumar I dont think so, sol will shutdown when u needed it, only 4 times last year, how many time will it shutdown this year? Im going with matic or ada,... Show more 4 months ago
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SurajDowarah
SurajDowarah I was one of the 'haters' of Solana, but i must admit, the only problem of Solana is its network traffic, but it is pretty much solvable. it will... Show more 4 months ago
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bidyutbhatta
bidyutbhatta Literally 70% of Solana TVL is just wrapped $SOL because it doesn't support native liquid staking. 4 months ago
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KrishnaGoswami
KrishnaGoswami Solana will have another 30% correction in the upcoming month like most top alts except ethereum. I will replenish the bags close to 35 and... Show more 4 months ago
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RamNirmalkar
RamNirmalkar I LOVE that you are so incredibly neutral... no bias here... so refreshing in this ultra biased space. 4 months ago
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singhavtar
singhavtar The depth of research you do is fantastic. I definitely agree on the short term bearish outlook, but huge potential for the next bull market. 4 months ago
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PrashantSingh
PrashantSingh Dude u cover real blockchain like Chia coming from creator of original BitTorrent. Solana is stalling and should have business hours at this point . 4 months ago
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JonsonAnand
JonsonAnand 1st of all thank you so much for your valuable info, would you please make a discussion about Deeper Network and their chain DPR, considering their... Show more 4 months ago
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