Poll: Solana will cost $ 5,000 by 2030

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The price of solana (SOL) cryptocurrency could rise to $ 5,000 by 2030. This is the conclusion reached by online comparison resource Finder.com, which surveyed 50 fintech specialists. However, no significant changes in the SOL price should be expected before 2025. It was then that respondents predict growth to $ 1,178.

Source: finder.com

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 second-tier Ethereum and Ethereum alternative 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 blockchains whose technical architecture makes it difficult for Ethereum to compete in terms of transaction speed and cost.”

“For the use of smart contracts, especially in DeFi, these factors are critical success indicators,” added Smith.

At the same time, both doubt that SOL will cost more than $ 250 by the end of 2021. As found in Finder.com, 51% of respondents believe that the network algorithm, built on the basis of the consensus Proof of Stake and Proof of History, will give Solana an edge over Ethereum.

Source: finder.com

At the same time, another 23% are not sure, and the remaining 26% definitely believe that the Solana algorithm will not give any advantages over Ethereum. Conflicting opinions around Solana may stem from incidents due to network centralization.

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 was caused by congestion caused by denial of service failures. Solana also explained that due to the fork, the memory load increased sharply, and some nodes went offline.

The founder of the Polkadot ecosystem, Gavin Wood, also noted that the Solana network is more like a regular bank, since ecosystem users cannot independently maintain a full network node.

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