【3 days until SOL’s major upgrade】
The biggest upgrade in Solana’s history, according to Anza, is about to go live, but SOL’s daily RSI has fallen to 18.4, and the market seems completely unimpressed.
Anza announced that Alpenglow will activate on mainnet on October 21 at around 22:50 Beijing time, replacing TowerBFT consensus, which has been in use since mainnet launched.
The biggest change: transaction finality will drop from 12.8 seconds to around 150 milliseconds. Keep in mind that this is a design target and only the first phase. TPS will not increase 85-fold as a result.
As for the price, SOL was quoted at 104.11 on Binance at 20:35, down 6.5% over 7 days, with the daily chart now deeply oversold.
My take: Everyone knows the saying “buy the rumor, sell the news,” but with oversold conditions coinciding with this event, a rebound before the upgrade may actually be more likely.
Invalidation: If the price drops below the 30-day low of 100.62, that means the market simply doesn’t care about the upgrade. Admit the mistake and stop making excuses.
Also, there will be a brief trading downtime on activation day. Holders don’t need to do anything. Anyone asking you to sign a “migration” transaction is a scammer.
Are you buying the anticipation or selling the news this time?
Sources: CoinMarketCap, SolanaFloor
#Solana #SOL
📈 Top 3 contract gainers (20:35): $Q +44.55%｜$AVA +27.01%｜$GWEI +14.90%
#BinanceSquare
⚠️ The above is a compilation of information and personal opinions, not investment advice. DYOR.
The biggest upgrade in Solana’s history, according to Anza, is about to go live, but SOL’s daily RSI has fallen to 18.4, and the market seems completely unimpressed.
Anza announced that Alpenglow will activate on mainnet on October 21 at around 22:50 Beijing time, replacing TowerBFT consensus, which has been in use since mainnet launched.
The biggest change: transaction finality will drop from 12.8 seconds to around 150 milliseconds. Keep in mind that this is a design target and only the first phase. TPS will not increase 85-fold as a result.
As for the price, SOL was quoted at 104.11 on Binance at 20:35, down 6.5% over 7 days, with the daily chart now deeply oversold.
My take: Everyone knows the saying “buy the rumor, sell the news,” but with oversold conditions coinciding with this event, a rebound before the upgrade may actually be more likely.
Invalidation: If the price drops below the 30-day low of 100.62, that means the market simply doesn’t care about the upgrade. Admit the mistake and stop making excuses.
Also, there will be a brief trading downtime on activation day. Holders don’t need to do anything. Anyone asking you to sign a “migration” transaction is a scammer.
Are you buying the anticipation or selling the news this time?
Sources: CoinMarketCap, SolanaFloor
#Solana #SOL
📈 Top 3 contract gainers (20:35): $Q +44.55%｜$AVA +27.01%｜$GWEI +14.90%
#BinanceSquare
⚠️ The above is a compilation of information and personal opinions, not investment advice. DYOR.