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Solana Will Recover The Bear Market Soon! SOL Ready To Pump!
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Mar 12, 2022
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View Video Transcript
0:00
the entire crypto market saw one of its
0:02
biggest booms in november with most
0:04
cryptocurrencies reaching all-time highs
0:06
and performing strongly in what was a
0:07
bullish run for the entire market
0:09
however less than two months following
0:11
that episode the market saw a negative
0:13
run that resulted in a brief drop of
0:15
some sort
0:16
markets were collapsing plummeting to
0:18
levels not seen in a long time
0:20
nobody was safe not even the huge names
0:23
like solana
0:24
solana is a well-known brand on the
0:26
market
0:27
in fact it has grown to become one of
0:29
the most well-known cryptocurrency
0:31
brands
0:32
in fact it was once among the top five
0:34
cryptocurrency markets in terms of
0:36
market capitalization which is
0:38
incredible given that the market only
0:39
began in 2020
0:41
we now have a more in-depth video that
0:43
discusses solana's history which you can
0:45
watch after this one
0:46
the problem with that video is that it
0:48
was made before the market crash
0:50
the script was created just as the
0:52
market began to turn gloomy
0:54
but first let's brush up on our solana
0:56
knowledge the concept of solana was born
0:59
in 2017 when its developer anatoly yakov
1:02
yanka teamed together with greg
1:03
fitzgerald and eric williams to create
1:05
an infinitely scalable blockchain
1:08
yakavianka put his previous work as a
1:10
dropbox engineer to good use in the
1:11
creation of solana
1:13
then in march 2020 they made it public
1:16
as an open source blockchain platform
1:18
that allows users to access
1:19
decentralized applications and
1:20
marketplaces in a quick secure and
1:23
scalable manner
1:24
a few months later solana linked up with
1:27
serum another new blockchain to create
1:29
dex a non-custodial location and
1:31
derivatives trading platform that was
1:33
well received by the public
1:35
serum wants to make sure users have the
1:37
most up-to-date price so they establish
1:39
the central limit order book or club in
1:42
chain which updates users every 400
1:44
milliseconds
1:45
they are recognized as crypto industry
1:47
revolutionaries because to the
1:48
advancements they have made in their
1:50
platform
1:51
they're also known as the new bitcoin or
1:53
new ethereum because of their enormous
1:54
potential to surpass both
1:57
because of how they have wowed and
1:58
turned heads in the industry some have
2:00
dubbed them the future killers of
2:01
ethereum
2:03
phantom is a solana characteristic that
2:04
everyone adores
2:06
in reality the publication of phantom
2:08
wallet is largely responsible for
2:10
solana's success
2:12
because to phantom users of solana may
2:14
save and stake their tokens in a secure
2:16
and scalable manner
2:17
phantom propelled solana to a position
2:19
where their market will be taken
2:21
seriously propelling them to the top of
2:23
the rankings in 2021
2:25
however their luck ran out by the end of
2:27
the year
2:28
but as we already stated the market
2:30
turned bearish in january and no one was
2:33
safe including crypto behemoths like
2:35
solana what happened to solana and will
2:37
they be able to recover
2:39
according to analysts solana's
2:41
prosperity finally led to its january
2:43
bear
2:44
they couldn't keep up with the network's
2:46
rapid expansion and the tremendous
2:47
popularity of phantom
2:49
they lost their bearings and eventually
2:51
came to a halt
2:52
in fact the price of the solana token
2:55
saul was less than 85 in the last week
2:58
of january the lowest it has ever been
3:00
in five months
3:01
that's crazy to fathom that it touched
3:03
an all-time high of more over 250 in
3:06
those five months
3:07
the entire network crashed and failed to
3:09
function correctly for approximately 30
3:11
hours around that period for less than
3:13
85 bucks
3:14
that was more than a day when the
3:16
ecosystem was thrown into disorder
3:17
because community members were
3:19
frightened and panicked about the assets
3:20
they had in the network
3:22
all of this was during the massive
3:24
crypto meltdown that even saw the price
3:25
of bitcoin sink to less than forty
3:27
thousand dollars
3:29
in addition to solana's rapid expansion
3:31
traders and computer bots have increased
3:33
the speed with which transactions are
3:34
completed in the network
3:36
what i mean is that traders in solana
3:38
were sending higher levels of activity
3:40
and price quotations due to the rapid
3:42
speed of transactions
3:44
this means that traders can collect free
3:45
money by purchasing assets at one price
3:47
in one wallet and selling them at a
3:49
higher price in another
3:51
and because solana had such a low
3:53
transaction price traders and bots were
3:55
able to conduct these kind of deals
3:57
quickly with nothing standing in their
3:58
way
3:59
the market as a whole crashed as a
4:01
result of this activity and everything
4:02
was put on hold until a repair arrived
4:05
it did eventually arrive but the harm
4:07
had already been done
4:09
the assets value plummeted to a maximum
4:11
of 25 of their original value
4:14
some folks may have suffered even
4:16
greater losses
4:17
despite the fact that the entire network
4:19
and system collapsed the users monies
4:21
and assets were safe at the time
4:24
however due of the crashes it is quite
4:26
useful
4:27
but how does this affect the coins price
4:29
in the short and long term
4:31
saw tokens are currently worth 96.47
4:34
at the time of writing this video
4:36
screenplay
4:37
the cryptocurrency was valued at almost
4:39
140 in our previous film on solana
4:42
you can see how much solana has dropped
4:44
in value just by looking at the pricing
4:47
solana's market capitalization currently
4:49
stands at over 30 billion dollars which
4:51
is still a huge sum when compared to
4:52
other cryptos
4:54
furthermore the trading volume in the
4:56
last 24 hours has exceeded 1 billion
4:59
which is quite impressive
5:01
what about the pricing in the future
5:03
what do experts say about the solana
5:05
price fall in january
5:07
according to the changely blog the
5:09
coin's valuation will be around 500 by
5:11
2025.
5:13
this is quite different from our last
5:15
video's 400 projection
5:17
trading beast another reputable price
5:19
prediction website believes that the
5:21
currency would be worth more over 100 by
5:24
the year 2025.
5:26
they projected the price will be
5:27
approximately 139 by the end of the year
5:31
all of the trading beast price
5:32
projections we cited are the tokens
5:34
maximum price predictions
5:36
another prediction comes from wallet
5:38
investor who believes solana will have a
5:40
bullish run after the present bearish
5:41
one
5:42
in fact they believe that by the start
5:44
of the new year the coin will surpass
5:46
its all-time high
5:48
they estimate that the coin will be
5:49
worth 311.47
5:52
a year after this video is published
5:54
they believe that the coin will be worth
5:56
over a thousand dollars in five years
5:58
which is exciting news
6:00
let's have a look at some more forecasts
6:02
from various websites
6:03
according to the website digital coin
6:05
price the coins worth will reach above
6:07
211 dollars by 2025.
6:10
if you wait until 2030 the coin is
6:13
expected to be worth more than 450
6:16
price prediction.net predicts that the
6:18
coin will reach the moon in a few years
6:20
they estimate that the coin will be
6:22
worth roughly 435 dollars in 2025
6:26
this price will continue to rise and by
6:28
2030 they expect the average price to
6:30
the moon to be 3
6:32
201. but now that the horrible and
6:35
painful month of january is over crypto
6:37
enthusiasts all over the world may
6:39
return to holding and waiting for the
6:40
ideal time to sell their assets in order
6:42
to benefit
6:44
and while the rest of the market tries
6:46
to fix what's broken solana hopes to
6:48
take advantage of the industry's healing
6:49
period to reclaim some of the lost
6:51
momentum and win its users trust
6:53
regardless of the bearish run in january
6:55
they are on track to have another
6:57
successful year ahead of them so keep an
6:59
eye on them and don't cry because solana
7:01
is vying for the number one
7:02
cryptocurrency spot
7:04
thank you for taking the time to watch
7:05
that video
7:07
please do us a favor and like the video
7:09
since it greatly assists us in producing
7:10
future videos like this
7:12
you can also subscribe to our channel to
7:14
support our growth
7:16
comment below if you believe solana is
7:18
merely going through a lull and can
7:19
rapidly rebound to have a strong year
7:22
that's all we've got for today
7:24
thank you for watching and good luck
7:26
with your cashing out
7:27
i am not a certified financial planner
7:30
all of the videos on this channel are
7:31
solely for amusement
7:33
based on what i say in these videos you
7:35
should not buy sell trade or invest in
7:38
any asset
7:39
you should be aware that investing
7:41
entails significant risks
7:43
it's possible that you'll lose your
7:44
entire investment
7:46
this is not trading advice and i am not
7:48
responsible for any losses made as a
7:50
result of using it
8:00
you