FinTech specialist Alex Baghdjian thinks it is time to buy SOL as its community is thriving thanks to its many developers. Kevin He believes that people may leave SOL due to the instabilities of the network and the upgrade of Ethereum.
The price of Solana (SOL) may not change much by the end of 2022. However, the situation will stabilize again by late 2030 if investors keep their holdings for the long term.
Several FinTech and Web3 specialists have predicted that SOL will be worth USD 45 by late 2022.
This prediction is about 75% lower than at the beginning of the year. However, the experts believe the price will rise to USD 166 by 2025 and USD 512 by December 2030.
It is Time to Buy SOL Due to the Strength of Its Community
While some analysts say it is time to buy SOL, others consider investors should keep their coins in the long term. Few experts think that it is time for holders to sell.
Most specialists predict SOL might be the cryptocurrency to overtake Binance in on-chain total value locked.
Alex Baghdjian, the co-founder of Funday, believes that now is the time to invest in SOL. He argues that its community is thriving thanks to its many developers.
Paul Levy, a Senior Lecturer at the University of Brighton, predicts that the price of SOL will be higher in late 2022. The educator thinks it will reach USD 60 due to the strength of its community.
The tech community has made favorable comments about the stability and efficient performance of Solana. It could become a safe bet it achieves continued development and consistency.
Ben Ritchie, the managing director of Digital Capital Management, predicts that SOL will be worth USD 40 by late 2022.
Ritchie believes the frequent disconnections and clock issues might hinder the success of the SOL token. He estimates it will reach USD 500 in 2030 if there is a solution for reliability issues during high network traffic.
The Solana Network Still Has a Problem with Outages
Since September 2021, Solana has suffered repeated outages, which most specialists think will persist.
Kevin He, Group Operations Director at CloudTech, considers the problem will continue and says investors may leave SOL due to network instabilities.
He stated that the Solana is an unstable network that has collapsed several times this year. He believes that more new projects and dApps will arrive after Ethereum completes its upgrade.
Patrick White, the CEO of Bitwave, thinks that Solana is a platform with potential despite its many interruptions.
The executive says Solana is a blockchain with potential, although it is fighting for the v2 smart contracts platform. He commented that Ethereum has won this round and is doing well for Ethereum 2. He is paying attention to SOL despite the outages the blockchain regularly suffers.
SOL is trading at around USD 40.65 and has accumulated a 2.6% gain over the last week. Its daily trading volume is above USD 997.62 million, while its market capitalization is about USD 14.05 billion, according to CoinGecko.
By Alexander Salazar
