Does Solana(SOL) Investors Are Making More Profit?

Images From Unsplash

Last week Solana (SOL) perform better than other crypto coins in the market. The price of Solana hit more than $200 worth and right now it showing red candle but price of it pretty good. Just check the price of it and it showing $178 worth price value which is not far away from $200 or more. The performance of this coin made me curious and this will be no wonder if Solana investors making more profit. But does profit and loss depend only on crypto coins that we choose?

Well each reputed crypto coins in the market worth buying or we can invest on it because these are in the market for long time. Bitcoin comes first when we talk about crypto coins and big investors prefer BTC more but they also invest on coins like Ethereum, Solana and Altcoins. Small investors and profit gainers like me prefer tokens for investment for example I prefer layer 1 token which has It's own chain.

Let's come back to the discussion topic, not only Solana but also other crypto coins can help us making profit if our investment timing is right. You know buying and selling decide our profit and loss and we need to wait for the right time for buying crypto coins and also wait for the right time to sell. Some prefer holding coins for long time to hit big profit and some prefer small profit and avoid probable losses so prefer hold and sell when it can help making small profit.

Our strategy of crypto trading will decide that we will make profit or hold for big pump. Crypto coin selecting also does matter too but specific crypto coin doesn’t guarantee only profit, our strategy decide the result of investment. Solana indeed a good coin for crypto trading but it doesn’t guarantee us profit only as there is no coin in the market that guarantee us only profit. If we afford to hold for big then we have to wait for the bull market and that's a matter of holding patience and the fruit of patience mostly taste sweet.

So I guess our planning of investment and strategies of trading decide our profit or loss. Bitcoin, Ethereum, Solana all crypto coins worth buying if you know the right strategy of trading. This is not a financial advice, just sharing my personal crypto coin observation and experiences.

Thanks For Stopping By!!