2021-08-31 18:42:45
Found new, safe gem!
Solana token. A.k.a. Sol.
This token reminds me a lot of buying bnb back in September when pancake swap was launched and we watched a quick run from around $20 per coin to over $700.
On the Solana network people are creating, and buying NFT’s. Which I will start buying and giving you guys tips on shortly. This market in my opinion is a lot more risky than buying Ethereum nfts. Because the space is a lot newer, people are making tech mistakes which is costing investors money, and it’s like BSC where some of them are appearing to be a scam as anyone can make their own nfts once they know how. I haven’t seen any yet that are from a reputable company like art blocks for an example where they bet the artists and ensure there’s no scam. But I’ll keep looking. It’s a newer space.
The reason I like buying the coin so much because these solana nfts are still early and becoming more and more popular because there are no gas fees on the Solana network.
Right now on the Ethereum network, the more people who are using it, you have to pay more gas fees (transaction fee to make your transaction go through faster).
When there is a new popular mint right now on Ethereum. I have send has now go up to 3000 gwei which if I’m not mistaken is around 1 Eth. That’s $3400 just to mint the nft not even for the nft itself. Ethereum is working on changing this in the future so I’m still very bullish Ethereum, but until then Solana has an advantage when minting nfts.
I haven’t minted on personally but I will be buying the coin today, and hodling, and just like my eth nfts plays. I believe buying good solana nfts is a great way to leverage solana. Nfts are also just fun to collect. So I will definitely be doing research and letting you guys know which ones I’m buying and minting and hopefully we can make some money together.
Also since Solana nfts are newer they are much cheaper, so great for new comers to get in early. As good Eth nfts start at a very high price point.
So go get yourself some Solana coins, and have fun. Not financial advice. DYOR.
- Mista Shilla
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