Even if the Solana network has had issues, not everyone wants to abandon it and flee. According to 37% of the group, confidence is not diminishing. Thirty percent of people are still undecided. At the same time, 33% reported having no faith at all.
Senior lecturer Paul Levy stated that SOL is working on its recovery. He added that it has a solid reputation among scientists. This is despite some widely reported technical issues and network disruptions. Its problems are transient and discussed with numerous other players. In the long term, it could have a promising future.
Outages
22% of the panelists think Solana’s low transactions are to blame for its issues. According to 78%, it’s a “larger issue.”
Holmes claims there are problems with network centralization. He also claims that they have witnessed users burned most horrifically. The root of the issue is typically a great deal of centralization. Over 30% of Solana’s nodes are on AWS; this needs to be more scalable and secure. There has to be unity to suppress some issues in the network and enable sustainable development.
Price Forecast For Solana
According to the panel, SOL will cost $35 by the close of this year. Then, they anticipate it will, on average, more than triple by 2025.
Unocoin Technologies’ CEO said Solana is the quickest blockchain in the world, with the fastest-expanding ecosystem in crypto. At year’s end, he projects that Solana will value at $33 and, by the end of 2025, $100.
A Hovering SOL Price
The creator of Seasonal Tokens is Ruadhan. He predicts that in 2022, the SOL price will remain constant. Then, it will follow the larger market, albeit with a declining trend relative to Ethereum.
Solana contracts will still be helpful. But new initiatives will prefer to start on other blockchains. The Solana system might only grow with significant technological or economic developments. Even though technical challenges resolve, the chain won’t be able to bring in new projects.
The Collaboration Between Solana And The Helium Foundation
After a suggested switch to Solana, the cost of The Helium Network decreased. This might deter other networks from switching to the blockchain.
CoinSmart Financial Inc.’s CEO, Justin Hartzman, is more upbeat. He says Getting Helium to switch over to Solana’s chain was their bigger victory in recent months. If Helium succeeds in Solana, it might inspire other apps to do the same.