The Unexpected Resilience of Solana
That’s why Solana’s continued growth and resilience have been surprising to me. When FTX collapsed, I genuinely thought that Solana would crumble under the weight of its close association with the exchange. FTX was one of the largest backers of the project, and it seemed logical that Solana would struggle to recover. Yet, here we are, well past that event, and Solana is not only still standing but thriving. I’ve seen consistent adoption, a strong developer presence, and an active community—signs that the network is more robust than I initially believed.
Concerns About the Current Use Cases
Despite its progress, one aspect of Solana still gives me pause: its biggest use case at the moment appears to be memecoins. I’ve never been interested in memecoins and have always stayed away from them, as they tend to be highly speculative with little real-world utility. However, I can’t ignore the fact that this niche has driven a surge of activity on the Solana blockchain. The speed and low fees of the network have made it an attractive option for traders, and this has, in turn, validated the strength of its technology and ecosystem.
Allocation Strategy: Rebalancing or Adding Fresh Capital?
Now, the real question is how I should approach adding Solana to my portfolio. Do I reallocate from existing holdings, or do I inject fresh capital into the market? Given that I still believe in my long-term thesis for Bitcoin and other established assets, I need to weigh whether shifting funds makes sense or if this is an opportunity to diversify with new capital. There’s also the consideration of market timing—while this downturn presents a potential buying opportunity, crypto remains volatile, and patience is often rewarded.
For now, I’m going to continue watching the space closely. Solana’s resilience has impressed me, and it might just earn a spot in my portfolio. The key will be determining whether its adoption continues beyond the memecoin hype and into something more substantial.
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