Solana was getting some hype a while back so I picked up 35 of them on CoinEx, where they have just been sitting doing nothing. I keep meaning to find out how to get them on the chain and utilize them in some way, but.. I haven't.
When yesterday's pump happened I figured it was time to review the project and decide whether or sell while it is up, hodl or buy.
Currently Solana, which trades with the ticker #SOL is 10th on CoinMarketCap and unlike most tokens is trading above it's March ATH. At the time of this post $$68.72 and looking strong.
The marketing page, solana.com, is targeting development teams and boasts all the usually crypto buzz words. Fast, Scalable, Decentralized.. blah blah
They highlight transactions, block speed and number of Nodes on their front page.
In summary Solana claims to be yet another "Eth Killer" which can handle smart contracts, has scalable transactions and the speed to compete with ETH, they seem to have captured some attention from mainstream investments and it seems that currently they have a lot of momentum.
By following this guide, I was able to move my #sol to my #exodus wallet and stake them on Solana. https://www.altcoinbuzz.io/passive-income/staking/how-to-stake-solana-sol/https://www.altcoinbuzz.io/passive-income/staking/how-to-stake-solana-sol/
My decision after reviewing the project was to HODL. If the price takes a good dip in the next few days that could change to a buy.
What are you staking and where?
