Over the past few years we have seen several Crypto's come and go. The bull run usually props up coins and then the bear market sheds their true colors. We thought we saw that with Solana and apparently we were wrong.
It's no secret that Solana was one of the biggest chains during the 2021 bull run and made alot of people a lot of money. It's also no secret that Solana had several problems. The main one being constant outages. At one point the chain was down for 3 days completely and those of us that had our coins in our wallets, got stuck not being able to touch our money. Once the bear market hit we saw SBF and FTX go insolvent and since Solana was the main Crypto of FTX everyone sold and made the price drop dramatically. Most people in this sub said Solana was dead. Most influencers said Solana was dead and everyone that said that was wrong.
The past few months Solana has made a giant comeback with daily volume being in the billions over the past few days. So this brings to question who's propping up a coin that had 9 outages and did Solana fix their problems? IMHO it doesn't matter because we were wrong. A lot of us say we're just here for the tech, but that's not true for most that say it. If it was they would not be worried about the price at all.
If we were so wrong about Solana does that mean we were wrong about other coins like Cardano, HBAR and Algorand? If this market has taught me anything I'd say yes. If institutional investors are in a coin and we want a Lambo, we should probably be in the coin also.