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Don't miss opportunity for short position SOLUSDThello guys we have a very good opportunity for Filecoin short position as you can see it's going to break support level all you need to know is in the chart good luck The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions
Short
by expay24
SOLANA: The end of an era or not?Hello everyone! This is our second idea in a fundamental project analysis (the first one about Aptos is right here ). This idea will tell you about the Solana project in terms of product, competitive advantages, team, tokenomics, and prospects. If you understand the project from all angles, including its essence and goals, as well as the fundamental approach and metrics, you will be able to enter the project more consciously and profitably. THE PROJECT and IT'S TOKEN Solana - SOL token What is the project? Layer 1 blockchain based on the Proof-of-Stake (PoS) and Proof-of-History (PoH) consensus systems. The project was founded in 2017 and was officially launched in 2020. PRODUCT PART Key mechanics The Proof-of-History algorithm is designed to synchronize the blockchain and transactions. The higher the throughput, the faster the blockchain synchronization rate. PoH is a method for reducing time costs, not a consensus algorithm. Tower Byzantine Fault Tolerance (TBFT) is a consensus algorithm that is based on Proof-of-Stake that uses PoH to reduce computational resources and time costs. Turbine is a transaction transfer protocol that shortens the time it takes to transfer data between validators.. Gulf Stream is a transaction transfer protocol that does not use mem-pools because validators are detected in advance. Sealevel is a parallel execution of transactions and signature verification. Strengths High throughput due to a combination of PoH and TBFT, as well as the Gulf Stream and Sealevel. High scalability due to Turbine Weaknesses When there is a high load on the Solana network, the blockchain stops processing transactions and becomes inactive due to a lack of mem-pool. For example, when a large number of mint bots were launched, which sent transactions to the blockchain very quickly, the network was unable to handle transaction processing and went into an inactive state. Not a reliable level of decentralization – the nodes vote for the block and pass the votes on to the leaders. Leaders collect votes and sign the block themselves. The issue is that in other networks, validators (leaders) validate blocks, and then nodes decide whether or not they agree with the validator's action. BUSINESS PART How does the product make money? The situation is comparable to Aptos and other blockchains. Investing in projects from their ecosystem and the most promising projects from other ecosystems are currently the main sources of income for Layer 1 blockchains, aside from collecting investments. How can a product make money in the long run? Selling your infrastructure to third-party companies like web2 or TradFi is the best way to make money with blockchain. However, at the moment, there are several limitations to this: 1. Unreliable technical solutions Solana has proven that it can stop its work at any moment. 2. Weak regulation Because there is no clear regulation, any company that decides to integrate into blockchain must accept the risk of pressure from their country's regulators. 3. Lack of business logic It's still unclear why large corporations should use blockchain infrastructure and what benefits this solution will provide. TEAM Anatoly Yakovenko – Co-founder, ex Dropbox, Mesosphere, Qualcomm Raj Gokal – Co-founder, ex Omada Health, General Catalyst Partners FUNDS AND INVESTORS Solana has had 9 rounds of investments, total fees ~315m USD The main investors: Tor Kenz Capital Buck Stash Collab + Currency Alameda Research Memetic Capital Blockchange Ventures CoinFund Genesis One Capital Multicoin Capital CoinShares TOKENOMICS 1. Total number of tokens: SOL deflationary token, unlimited maximum number 2. Current circulation: 363,963,170 SOL 3. Current market capitalization: 5.1b USD All member groups will receive their tokens in the first half of 2023, and token issuance will be limited to Staking Rewards. On the one hand, this is a good thing because SOL will become a fully marketable asset whose value is determined solely by supply and demand, and the issuance will only benefit network contributors. On the other hand, it is bad because Solana has currently lost the DeFi niche due to the network's poor performance and NFT due to the extremely low value of the SOL token. If Solana as a blockchain does not find its niche and users, the SOL token will not have a sufficient level of demand; additionally, the amount of SOL supply will increase every year due to the growing issue of Staking Rewards. CONCLUSION What to expect in the future? Solana, as a project, is basically finished. In 2020-2021, it was an advanced blockchain on which innovative products were released. Solana had the backing of Alameda and FTX, preventing the SOL token from falling below $3 in 2021. Solana experienced an NFT-boom in the fall of 2021, when the token price reached over $100, and many users became wealthy (or very rich as a result of Solana). However, in November 2021, the crypto-winter began, affecting all market assets. However, the crypto-winter began in November 2021, affecting all market assets. This year, SOL lost more than 90% of its value, lost many NFT users (no one wants to earn $20-30 and spend many hours of time grinding), lost the DeFi sector (users don't want to wait for Solana network to work and process transactions again, developers find more profit to run their application on L2 EVM network), and lost the support of their main sponsors – Alameda and SBF (these guys have enough problems right now). Along with the death of the previous cycle's market narratives, one of the cycle's brightest projects is likely to have died as well. Solana and the SOL token have two chances to recover their positions: 1. To attract new investors and real-world businesses that will use Solana's infrastructure. It is unlikely because Solana has already demonstrated weaknesses in their solutions, and it is unclear whether they can address those weaknesses. Furthermore, there are more advanced and promising solutions on the market (Aptos (here is a link to our article about Aptos on TV), SUI, Starknet, Scroll, Shardeum), investment and use of which will yield greater long-term benefits. 2. To develop or attract new projects and audiences. It is also unlikely because EVM networks are more likely to be chosen by developers and users due to their larger user base, network activity, and potential. Our output: long or short In the short run, SOL token will follow the market, but will rise slower and fall faster than others. In the long run, Solana resources are limited, the market is becoming increasingly competitive, and Solana and SOL are no longer of product and business interest. The project has run its course; SOL will most likely be among the top 50/100 projects in terms of capitalization, but Solana's golden days are over. P.S In any case, your trading strategy, investment and trading planning horizon are significant to make decisions and these decisions are up to you! Don't forget about risk management; the market is volatile, and you must successfully arrive at the right long-term forecasts without losing all of your capital. Keep in mind that many participants in the crypto market undervalue or overvalue projects and assets, and the true evaluation occurs only after the appropriate events occur. Thank you for reading! Feel free to share your thoughts about SOL in comments
by Samura0x
2
ETHEREUM (ETHUSD) BREAKOUT OR FAKEOUT (4 HR)As we zoom in more on Atheneum's chart we start to see more and more bullish... or maybe just a fake-out? Based off of what the Ichimoku Cloud is giving us I believe we will see more upside as price has broken above the cloud which means reversal is coming. Also I have white arrows pointed to those indicators that tell me signs of reversal are coming. - The White Arrow pointed towards the red line (Kijun Sen) and the blue line (Tenken Sen) shows price above both those lines which indicates a stronger move to the upside if those are to hold. It is also good to see that those lines are staying above the cloud also. - The other White Arrow pointed to the lagging indicator which is the green line (Chiku Span). You can see that this line has broken out of the cloud also and is poking out ready to to breakout. If you liked this analysis on Ethereum give a like and comment below what you think Ethereum's next move is!!!
COINBASE:ETHUSDLong
by UnknownUnicorn910751
2
SOL (SOLANA) Which ever break first ?What is a Symmetrical Triangle A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle. What Is a Pennant? In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole. if it break the upside this could be a reversal but if it breaks the downside this could be a continuation how to trade this pattern? 1. wait for a breakout 2. after break wait for a retest on a trend line #Learnbestill #100YrsChartPattern
by LearnToBeStill
Solana descending triangle to 5 dollarBINANCE:SOLUSDTPERP Next potential target and last station for Solana in this bear market Pretty simple pattern. If we not break and hold with retest 17$ most likely we can see 5$ for Solana before next FED hike rate 14Dec. So drop according to size of descending triangle we can see around 7-10 Dec. Also with this drop we will close gap on Weekly candle 2021 =) All targets and simple explanation on chart =) Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Short
by Crypto4light
2
Solana (Long Term)The negativities continue in the Solana network. They are not making enough profit. I have marked the levels to be followed according to the general market situation on the chart. Unless a mini rally comes , it seems impossible for the fader to reach the $25 level for now . If it wins the $17 threshold, I think it will quickly move to the $20-21 region, and I am certain that the price will decrease again with the next sale. What I have written so far is valid if the general market goes positive . However, if the current situation continues , a decrease in the wilting is inevitable. If it loses the 9.98 support , it is highly likely to reach $6. Considering the possibility of the project crashing , I'm considering buying some spots at $6 . What I write here serves as a note to myself. Does not include investment advice.
by BarbarKalyon
SOLUSDTPERP - no activityThere are no active buys on the chart, so far the price is moving in a narrow range. The cryptocurrency is expected to continue its decline. "Traders are nervous about the value of SOL and the possibility of massive liquidations. SOL is a pledged asset that is likely to be liquidated as FTX/Alameda needs to raise cash. The entire Solana ecosystem has also been affected, affecting tokens created in the blockchain of the same name. In particular, the decentralized funding protocol Solend experienced a spike in liquidations, causing $3.5 million in debt on the platform. After the previous impulse movement the price of the instrument fell by 75%. For the given period of time we see the formation of the 9-18 range, we watch for the development of the situation. If you liked the idea, please like it. That's the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your your loved ones.
by Artem_Dishel
1
SOL price is in danger, read it if you have SOLANA 👇Today we will consider what prospects there may be for the SOL price Yesterday, 11/14/22, Solana's website published an extensive update on how much Solana Foundation is tied to FTX/Alameda. We will compress this information into a few paragraphs) Solana Foundation owns 1mn cash or equivalent in FTX accounts, noting that this is less than 1% of their capital. That is, we assume that the liquid capital of Solana Fondathion is +/- $100mn. - 3.24 million FTX Trading LTD ordinary shares - the value is close to zero. - 3.43 million FTT tokens - value at the time of writing +/- $7mn. - 134.54 million SRM tokens from DEX Project Serum, which Samuel Banckman-Fried created on the basis of Solana in 2020. - value +/- $37mn FTX and its cryptocurrency trading subsidiary Alameda Research (also co-founded by Bankman-Fried) have purchased more than 50.5 million SOL, which is currently valued at approximately $750 million. However, a significant portion of these SOLs is locked and have a monthly unlocking schedule that is scheduled until 2028. Solana Labs, the company that represents the founders and major contributors to the Solana network, has also sold over 7.56 million SOL (worth about $112 million) to Alameda Research. All these tokens will be unlocked for trading in 2025. Earlier, the CEO stated that Solana Labs was not affected by the FTX crash and has no assets on the exchange. But the market is not fooled , and Japanese candlesticks show the mood of market participants rather than indicators. The price of SOLUSDT fell by -57% over the past week, while the price of BTC or ETH fell by -20% Now the SOLUSD price has come to a very critical point. If Solana finds additional capital, it will probably try to push the SOL price at least to $40-50. That is, the blue scenario can be considered very positive and unlikely, analyzing the current realities. It is described above how closely SOLANA is related to FTX and its derivatives, so the price of SOL will react very strongly to any news related to FTX. Below $13 there is no liquidity for SOL and a drop to $2-4 is likely - this is a very pessimistic forecast, but in the current realities it is quite likely. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
24
Is SOL Solana the new LUNA ???The head and shoulders bearish chart pattern reached its target: Solana was halted today! A known bug relating to durable nonces was triggered on a majority of validators, It hadn't been triggered in this form previously! That lead to a block hash mismatch and validators stalling! I think we are going to see more attacks on weak blockchains and stablecoins. I wouldn`t be surprised to see SOL Solana going even lower! Looking forward to read your opinion about it.
Short
by TopgOptions
8
SOLANA - It's not as bad as it looks.After stopping the downtrend on the chart, there is a breakout with a breakout of the historical support level. In order for this breakout to be considered false, the price needs to return above support with bars of renewed buying on rising volumes. There are sales through the claymatic, to confirm the purchases you need a test of this buyer, which stands at 12-15. Observe. If you liked the idea, please like it. That's the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
by Artem_Dishel
6
Soon will be a strong movement of SOLANA SOL price, but where ?The downtrend on the SOLUSDT price chart lasts exactly one year The maximum in November 2021 was $260, and the minimum in June 2022 was $26. Painful 10-fold depreciation of SOL in just a year For the last 4 months, the SOLUSD price has been in a long consolidation in the liquidity zone as in 2021. The exit from consolidation will be impulsive, strong and with a large %% value. Fixing the SOLUSDT price above $31 will most likely give a good upward movement to $59 and $79 Fixing the price below $26-26.5 may provoke a depreciation of SOLANA by another -50%. The culmination is coming soon - wait for it and jump on the side of the stronger ones. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
35