AI Analyzes 10 Bearish Insights on Solana in the Cryptocurrency Market
Sunday, 18 August 2024, 11:57
Key Bearish Insights About Solana
AI analyzes 10 bearish insights about Solana before buying SOL, bringing attention to concerns raised within the cryptocurrency community. Here's a detailed evaluation of each point:
- Bots constantly extract and front-run users that have slippage. Truth Score: 8/10; Danger Score: 7/10
- Transactions fail if you don’t have enough slippage, and users still have to pay for failures. Truth Score: 9/10; Danger Score: 6/10
- The blockchain has faced at least 12 major outages to date. Truth Score: 7/10; Danger Score: 8/10
- Companies running RPC endpoints can front-run you. Truth Score: 5/10; Danger Score: 6/10
- Solana has been officially in beta for over 4.5 years. Truth Score: 9/10; Danger Score: 3/10
- Becoming a validator requires significant wealth. Truth Score: 7/10; Danger Score: 5/10
- The TPS is marketed deceptively, inflating numbers by including voting and failures. Truth Score: 6/10; Danger Score: 6/10
- Circulating supply increased significantly, printing $8.5 billion. Truth Score: 8/10; Danger Score: 7/10
- Recent votes have allowed validators to receive 100% of high-priority transactions. Truth Score: 5/10; Danger Score: 7/10
- FTX continues to sell off $7.5 billion SOL; major unlocks occur in 2025. Truth Score: 7/10; Danger Score: 8/10
In essence, AI's analysis suggests caution for those considering investment in Solana amidst these identified risks.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.