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Author: Tyler Pearson, DL News; Compilation: Deng Tong, Bitchain Vision Realm
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Solana tokens have risen by 350%in the past year, partly due to several large token airdrops.
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The network interruption on February 6 did not prevent Solana from rising, and then increased by 20%.
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Analysts and experts shared the driving force of Solana in 2024.
There have been some fluctuations recently, but Solana has risen by 390%over the past year.
Its $ 4.9 billion NFT market has approached Rivals Ethereum in terms of transaction volume.
Despite some faults, including a few hours of network interruption on February 6, its SOL token has rebounded.
However, Solana failed to keep up with the pace of the price of Ethereum and Bitcoin, which has remained relatively stable since the interruption to $ 103.
The following is the five analysts’ views on Solana’s current situation.
Max Shannon of CoinShares
CoinShares analyst Max Shannon said “Solana is still the darling of cryptocurrencies”, although it was hit after the interruption in early February.
Shannon said that the mood of bullish Bitcoin will not be harmed.
After the US Securities and Exchange Commission approved nearly a dozen spot Bitcoin exchange trading funds, the prices of cryptocurrencies in 2024 generally rose.In just over a month, the amount of capital inflows of the new ETF set a record.
Shannon pointed out several successful airdrops with other analysts; independent authenticants, including Firedancer, will “improve the redundant of the network” and help prevent future interruption; and the Hope Bitcoin market is that Solana continues to rise continuouslyThe reason.
Shannon pointed out in the blog post on Monday,The order book system on the chain that Solana is developing may form a potential blow to Ethereum, which dominates Ethereum.
Shannon said that compared with the “mixed or linked” order book of the competitor Ethereum, the new order book function will provide a better user experience, better agreement capital efficiency and higher transparency, thereby “greatly [greatly [great [greatImprove] User Experience. “
MESSARI’s Kel Eleje
For several interruptions of Solana (the last one occurred in the beginning of this month), investors performed very tolerance.
After the news came out, the Solana tokens fell 4%and then rebounded to more than $ 110.
MESSARI analyst Kel Eleje pointed out: “This is a network of early stages, and there should be interruptions.”
He pointed out,Since the launch of Solana, the number of interruptions has been decreasing, and the network speed has increased significantly.
Since 2021, Solana’s transaction volume per second has increased by nearly five times, from 200 to 900, far faster than that of Ethereum 12 transactions per second or 7 transactions per second.
“The trend is favorable,” Eleje said.
According to Eleje, Solana’s native “breakthrough application” will promote growth, such as the NFT launch platform DRIP and the recent decentralized wireless network project HELIUM migrated to Solana.
Helium also cooperates with Solana’s Saga mobile device.Saga owner has received regular free airdrops, such as Bonk in December.
Solana users also look forward to more airdrops to promote growth by the end of 2023.
Eleje pointed out new, published clients, such as Firedancer, SIG, and Agave, which aims to improve network scalability.
RAOUL PAL of Real Vision
Entrepreneur Raoul Pal believes that Solana will go higher.
PAL is the co -founder and CEO of the financial research platform Real Vision, and has one million fans on X.
Pal said in an interview with Skybridge Capital founder Anthony Scaramucci,The price of Solana will rise to between $ 750 and $ 1,000, and will eventually become the third largest tokens in the cryptocurrency field, second only to Bitcoin and Ethereum.
He said that compared with the other two cryptocurrencies, “its performance is relatively excellent.”
Vaneck
In October, the ETF provider VANECK gave a valuation scenario,It is expected that by 2030, the price of Solana will be as high as 3,211.28 US dollars to $ 10.
VANECK’s so -called basic assumptions to Solana based on the estimated cash flow of token holders is $ 335.This is three times the current price.
However, the company said that if it could surpass the competitor Ethereum and become the leading DEFI at the time, this number may be larger.
However, VANECK said,“By 2030, SOLANA’s possibility of most of the global cryptocurrency transactions is lower than that of Ethereum.”
The company still pointed out that the network still has room for development and is expected to be adopted by new developers and venture capitalists.
“The meaningful weight of SOL in the investor investment portfolio is reasonable.”
Fundstrat’s Sean Farrell
Despite rising, Solana is less than half of the historical high of 2021.
At that time, Solana was called “SAM coin”, which refers to Sam Bankman-Fric, the convicted FTX co-founder, supporting the Solana and Solana projects.In 2022, the FTX collapse led to 97%of Solana prices, making it one of the worst assets in the bear market.
Since then, its price has soared by 1,065%.To reach a record high, it needs to rise about 130%over the current price.
Fundstrat Global Advisors analyst Sean Farrell pointed out: “We have seen a new high this year.”
Today, Solana is hovering around $ 109.
