Yesterday was a terrible day for all the Solana fans, investors, and the ecosystem. Everyone was anxious about the Solana chain.
The system was halted for more than 12 HRS due to thousands of bots trying to interact with the chain, this is similar to a DDOS attack. People started sharing FUDs about the Solana ecosystem and the downtime made the headlines on the top Crypto websites.
Despite all the FUD, the Solanians didn't get shaken out and instead held their coins and kept supporting the Solana developers trying to bring back the chain with positive words and encouragements. With what Solana experienced yesterday some projects would have experienced almost -25% but the Solana retraced a bit and got back on track even when the chain was not up and running. The lesson here is that the Solana community believes and trusts the project. If a community is strong, no shakeout will happen from any rants.
It was fun to watch yesterday when ETH maximalists started making jest of the Solana ecosystem while the Solana fans reacted with their shades. I don't support people hating on a project, instead, they should be happy about the progress of every blockchain project out there doing well, this does not include scam tokens/projects.
It’s good to see Solana up and running again after the patch from the developers.
Solana is a coin everybody is talking about right now due to the outstanding performance and more than 330x since January which means investing $100 in Solana in January will be over $200000 at the present price.
No one can say how far it can go but some are saying it will go beyond $300 before the end of the year. The past short bull run was for the Binance chain, then everybody wants to build on BSC. Right now there's no trend on BSC and this is one of the reasons Binance is still under $500. I still believe the hype will come back to BSC very soon.
The project I believe can run like SOL are Tezos, Fantom, Ada. Not in price but again more than 100%. Keep eyes on Fantom, $FTM, there's a game Rarity everyone is talking about and it's built on the chain. If the game succeeds which will likely do, Fantom will see a crazy move and there's not been much hype on FTM, unlike BSC and others. Ada may not surge above $10 by the EOY but will see more than 2x from the present value when the smart contract gains adoption.
You could add to the comment more projects that will likely be the next Solana! Happy Reading, This is my own opinion, not financial advice.