Ah, Solana — the blockchain that promised to be "faster than lightning" and "cheaper than a cup of coffee." It all sounded great until the network decided to take another day off.
It all sounded great until the network decided to take another day off. The outages started back in 2021, but the real "hit" was January 2022, when the network went down for 18 hours. And that was just the warm-up! September 2022? The network stopped again. February 2023? That's right — another maintenance vacation. Who considers uptime important? Certainly not Solana! After all, nothing strengthens user confidence like regular "technical breaks" during NFT drops and DeFi highs.
That's why the price dropped.
My opinion will not be popular. The whales have already made money on this project and don't expect new heights. The Solana project was founded in 2017. As of today, February 19, 2025, the project is 7 years old! The project is clearly overvalued.
But only the lazy have not written that the latest scandals with memecoins could become a "black swan" for Sol.
The more sources have headlines like "This bullish Solana price model suggests a strong momentum that will come in February-March 2025", the more it resembles advertising for the crowd.
