Poll: Will Solana cost $5,000 by 2030?
The price of the solana (SOL) cryptocurrency may rise to $5,000 by 2030. An online comparison resource came to this conclusion Finder.com, interviewed 50 fintech specialists. However, special changes in the price of SOL should not be expected earlier than 2025. That's when respondents predict growth to $1,178.
According to Origin Protocol co-founder Joshua Fraser, Solana will soon become "one of the best alternatives to Ethereum."
"Solana will become the most popular alternative to Ethereum and second-tier Ethereum in DeFi hosting. This is a huge market that needs to be captured, and the SOL price can reflect that," he said.
His enthusiasm is shared by Gavin Smith, general partner of Panxora Crypto. According to Smith, Solana is "one of the few smart contract-based blockchains whose technical architecture makes it difficult for Ethereum to compete due to the speed of transactions and their cost."
"For the use of smart contracts, especially in DeFi, these factors are a critical indicator of success," Smith added.
At the same time, both doubt that SOL will cost more than $250 by the end of 2021. As found out in Finder.com, 51% of respondents believe that the network algorithm built on the basis of the Proof of Stake and Proof of History consensus will give Solana an advantage over Ethereum.
At the same time, another 23% are not sure, and the remaining 26% definitely believe that the Solana algorithm will not give any advantages in comparison with Ethereum. Ambiguous opinions around Solana may be caused by incidents due to the centralization of the network.
In mid-September, the Solana blockchain stopped generating new blocks. The delay lasted more than seven hours, after which the project team was forced to restart it manually. The problem arose due to overload caused by denial-of-service failures. Solana also explained that due to the fork, the memory load has increased dramatically, and some nodes have gone offline.
Gavin Wood, founder of the Polkadot ecosystem, also noted that the Solana network is more like a regular bank, since users of the ecosystem cannot independently maintain a full node of the network.