Solana is an open-source, decentralized blockchain platform. Unlike other blockchains, Solana utilizes a hybrid consensus algorithm, combining Proof of History (PoH) with Proof of Stake (PoS), enabling the network to execute up to 50,000 transactions per second. Launched during the ICO boom of 2017, Solana primarily addresses the time required to reach consensus on networks like Bitcoin and Ethereum. Solana's integration of PoH into its consensus algorithm stands in stark contrast to other well-known consensus mechanisms.
A few days ago, Guang Ge successfully persuaded his fans to go long on Solana and successfully helped them convert their positions. Although they encountered some minor issues along the way, they were able to exit safely.
Many people have been pessimistic about Solana recently, asking Guang Ge why it has skyrocketed. The reasons are simple: three:
First, Ethereum gas fees have been ridiculously high recently, with transfers often costing tens of dollars, driving retail investors and project owners alike crazy. This has directly driven Solana's price up.
2. Meme coins are booming, turning Solana into a new casino. PEPE and WLF are on Ethereum.
These meme coins are going crazy today. BONK surged 30% in a single day. Retail investors saw this as much more exciting than stock trading, and massive amounts of money poured into Solana's meme coins, driving up SOL along with them.
3. Large institutions are secretly buying the dip, causing a sudden reversal in market sentiment. Recently, when Solana fell to $150, many were predicting a return to zero. However, rumors spread that several whales were buying at the bottom. Coupled with BTC's volatility, Solana's price surged from $150 to $210, prompting a massive buyout.
If you can't capitalize on this bull market and get liquidated, you won't survive the next bear market. So why not take the initiative now to help yourself?
