Agreed, that’s considerably cheap, especially considering Solana still has the potential to reach $1k in the next few years. There’s nothing to fear even if you buy now and the price plummets, just DCA. Solana is still one of the altcoins I can confidently say is good for long term holding. The community is still active, hasn’t gone into hiatus, and continues to show strong support. Solana and its community are big enough not to be abandoned midway.
I just hope "memes" move away from Solana for the project to be taken more seriously. There are too many "meme" tokens flooding the network like crazy. Of course, market prices increased due to the hype. But to remain valuable, it needs to be far more "than meets the eye". Ethereum, on the other hand, has more serious projects built on top of it. That's why it's the biggest "De-Fi" chain in TVL.
At least, Solana solved the "network outages" problem. It's taking a step in the right direction. $1k is a possibility considering that BNB went close to such valuation. And BNB is based off the same tech as ETH. Solana has its own tech and framework for smart contracts. In some way, SOL is much more innovative than BSC (the blockchain powering BNB). At the time of this writing, Bitcoin is experiencing a surge in market prices. There are no signs that altcoin season will happen soon. Better take advantage of this opportunity before it's too late.
Memecoin will not stay away from the Solana network because there it has become a hotbed especially with cheap gas and a strong memecoin community, but many DeFi have been built on the Solana network and are still standing, the reason for memecoin a lot on Solana is because of the ease of creating tokens there, especially there is Pump.fun.
Now the Solana network is stable and there are no more network outages, maybe in the past it was because the infrastructure was not yet strong and now the team is working hard on it --- Regarding the increase in SOL, it will definitely happen, it's just that approaching BNB is still too far away.
