The Solana ecosystem is recognized as one of the fastest smart contract networks. Experts are optimistic for the altcoin and predict an increase of up to $512 by 2030.
LinkedIn co-founder Solana auctions off NFTs
Solana remains the strongest Ethereum competitor thanks to GameFi collaborations and NFT projects. Magic Eden is one of the popular NFT platforms using the Solana network. The NFT marketplace has recorded a total of 5.5 million transactions worth over $801 million since the start of 2022. Despite the recent sales, LinkedIn co-founder Reid Hoffman considers the bear market a “good moment for experimentation.”
Inspired by the potential of DALL•E and NFTs — and the possibilities that they unleash together — my team and I have created a number of small image collections that we'll be tokenizing as NFTs.
The first collection debuts on Magic Eden today.
Here's why I'm experimenting:
— Reid Hoffman (@reidhoffman) July 21, 2022
About bear periods, Hoffman says in the tweet above:
The current bear market in crypto creates a good moment to experiment with a long-term perspective. Developers and entrepreneurs who continue to work in this space are most focused on creating long-term value. They will build durable products and use cases.
Outperforms Solana Avalanche in transactions per second
When looking at transactions per second (TPS), The Tie analysts say Solana has a huge advantage over other blockchains. TPS is dependent on block time, and Solana specifically has a larger block size capacity and more validators than Avalanche. Therefore, Solana’s TPS is comparatively higher than Avalanche.
Experts predict that the altcoin price will reach $ 512 by 2030
Meanwhile, a Finder panel of Fintech experts estimated that Solana would be worth $166 by 2025 and $512 by 2030. Experts base their predictions on the argument that Solana is one of the leading contenders in the smart contract space. If Ethereum 2.0 fails to deliver lower transaction fees, analysts believe Solana will benefit from capital rotation from the ETH network.
Experts in the panel had the following conclusion after negotiations to buy, sell or sell HODL Solana:
The panel is relatively divided on what people should do with the SOL, with 40% advocating the time to buy now, 31% holding and 29% advocating selling.
Analysts predict that the altcoin price will go up to $52 in the short term
Twitter analyst nicknamed Bierre says Solana’s $40-$42 retest was successful. The analyst predicts the Solana bulls next targets will be $47.50 and $52. If the altcoin stays above the $40.52 level, it will likely enter an uptrend.
But some analysts are not so optimistic about Solana. Cyber Capital CIO Justin Bons shared his concerns about Solana in his latest tweets. According to the famous manager, the interruptions that Solana experienced in the 2020-21 periods should not be ignored. Meanwhile, Cardano founder Charles Hoskinson has a similar vision. cryptocoin.comWe have quoted the opinions of experts in this article.
