Considered as Ethereum’s biggest competitor Solana (LEFT), After renewing the record in the last period, it experienced a slight correction and regressed to 5th place.
Although the SOL price broke the all-time record by going up to $259 in early November, it is currently 20% behind it.
Despite this, it is seen that the price of SOL has increased by 41.291% in a 1-year period. Analysts, on the other hand, emphasize that the rise of SOL is not over yet.
Rise For The Left Is Not Temporary
Experts, who came together at an event by Finder, expect Solana to rise above $ 235 towards the end of 2021.
Analysts emphasized that this is an average price, while the consensus that Finder’s work with 50 fintech experts came up with was that SOL would technically surpass Ethereum.
Although the Solana network was recently attacked by DDOS, the network shutdown did not have as much effect as expected and the Solana team recovered in a short time. Gavin Smith, the manager of Panxora Crypto, stated that such an infrastructure actually shows that the price that should be right now is well deserved. Smith underlined that he hopes to see a price of $ 250 and above by the end of 2021.
SOL’s fast processing capacity was also one of the points that Finder experts gave positive points. In a statement on the subject, Linda Kreitzman emphasized that the transactions in Solana are higher than Ethereum and stated that SOL will be opened in a short time. The general opinion of the experts for the SOL, on the other hand, was bullish.
*Not Investment Advice.