11-04-2021, 11:39 AM
A word of caution about Solana (SOL)
<!-- SC_OFF --><div class="md"><p>I just wanted to remind everyone that SOL suffered a DOS attack back in September, only less than 2 months ago. One of the main criticisms at the time was that they just shut down the network, showing how centralized their project was.</p> <p>Now, it's at an ATH, with no slowdown in sight. </p> <p>Just because a coin is rising doesn't mean it's necessarily a good project. Yes, it could eventually make a case to be a competitor to ETH. But there are still a lot of risks along the way.</p> <p>Just to give a small history lesson. Last bull run, do you guys remember the project TRON (TRX)? Led by Justin Sun (who <a href="/r/cc">r/cc</a> seems to hate), they were in the top 10 coins by market cap during the last bull run. People made money! But now? They're #29, and the project hasn't really gone anywhere.</p> <p>I'm not saying SOL will follow this path exactly, but just wanted to warn everyone that there are definitely risks with this project, and taking profits on it is never a bad idea.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/bananainbeijing"> /u/bananainbeijing </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qmbidk/a_word_of_caution_about_solana_sol/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qmbidk/a_word_of_caution_about_solana_sol/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I just wanted to remind everyone that SOL suffered a DOS attack back in September, only less than 2 months ago. One of the main criticisms at the time was that they just shut down the network, showing how centralized their project was.</p> <p>Now, it's at an ATH, with no slowdown in sight. </p> <p>Just because a coin is rising doesn't mean it's necessarily a good project. Yes, it could eventually make a case to be a competitor to ETH. But there are still a lot of risks along the way.</p> <p>Just to give a small history lesson. Last bull run, do you guys remember the project TRON (TRX)? Led by Justin Sun (who <a href="/r/cc">r/cc</a> seems to hate), they were in the top 10 coins by market cap during the last bull run. People made money! But now? They're #29, and the project hasn't really gone anywhere.</p> <p>I'm not saying SOL will follow this path exactly, but just wanted to warn everyone that there are definitely risks with this project, and taking profits on it is never a bad idea.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/bananainbeijing"> /u/bananainbeijing </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qmbidk/a_word_of_caution_about_solana_sol/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qmbidk/a_word_of_caution_about_solana_sol/">[comments]</a></span>Kind Regards R