Hype or Harden? Exploring Solana’s meteoric rise

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29 Jan 2024
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“Blasting from Obscurity: the SOLution to my Crypto Problems?”



One minute you’re wandering around the desiccated wasteland of crypto, the next you’re tripping over robo-dogs named SOL. That’s what’s been happening lately in the case of Solana’s rise from “whatchama-funky-token?” to “holy moly, where’s my laser cat NFT?” status.

“No Community, No Party”


The peak behind this Caspar-like appearance has been attributed to, you know, the very boring stuff — persistent hustle, relentless developer activity and community support. Exchange Art’s COO, Larisa Barbu, nails it when she said the “resilient nature of its community,” pushed Solana from the shadows into Superbowl Sunday. Typing that just gave me shivers down my spine, like Game of Thrones announcing a sequel (We all know how that ended, eh?).

“Playing the FOMO Card”


And then there’s the classic FOMO phenomenon — Fear of Missing Out for the normies. Hearts pound. Palms go damp. This usually follows major roadmap updates, according to the deviously clever exec. Cue the advent of Maximal Extractable Value (MEV) on Solana, efficient identity protocols, and warp-speed transaction capabilities. Not sure about you, but that sure gives me heart palpitations.

“So, Are We Good?”


But let’s bring it back down. Yes, the comet-like rise is commendable. Solana has its perks. Its community is tenacious, it has jedi-like developers and a roadmap that induces mass FOMO. But let’s not forget the dangers of speed. More often than not, quick explosions turn into stellar black holes (right, star lovers?). So, in the grand scheme of “to the moon” and “diamond hands”, it’s absolutely critical to keep our astronaut helmets firmly secured and always remember: this ain’t financial advice.

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