33% “lose confidence” in SOL team


Solana price prediction: 33% of industry expert panels say they are losing faith SOL and Solana Team. The result follows dramas such as a network outage and a $661k DEX loss. This is according to the latest Finder report.

While there have been problems with the Solana network, not everyone is ready to dump the Solana and head to the hills. 37% of the panel say they are not losing faith. The remaining 30% are on the fence.

Paul Levy is a Senior Lecturer at the University of Brighton. “SOL is in recovery mode … it has a high reputation in the scientific community despite some well-publicized technical failures and network outages. Its problems will be short-lived and have been shared with many other players. Its potentially positive long-term is the future.”

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With regard to Solana’s network outage, 22% of the panelists believe it is the result of its low-cost transactions. 78% say it is a ‘big issue’.

Walker Holmes is the co-founder of Metatop. “SOL has one of the strongest communities in the game. Its ability to onboard, scale and offer incredibly cheap fees makes SOL a highly trafficked place.”

Holmes says the network has centralization issues. “We’ve seen users burn out in the worst possible way. Usually large amounts of centralization are at the heart of the problem. Solana hosts over 30% of all its nodes on AWS, it doesn’t scale, It is not secure. I hope that the community can work together to solve the problems related to centralization in the Solana network and allow the network to grow in a sustainable manner.”

Solana Price Prediction

By the end of this year, the panel believes the SoL will cost $35. Then, on average, they think it will more than triple to $116 by 2025.

Satwik Vishwanath is the CEO of Unocoin Technologies. “Solana is the fastest blockchain in the world and the fastest growing ecosystem in crypto, with thousands of projects spanning DeFi, NFT, Web3 and more.” He predicted that the price of Solana would be $33 at the end of the year and $100 by the end of 2025.

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John Hawkins is a senior lecturer at the University of Canberra. His year-end price prediction is $25 and for 2025, his prediction is $10.

“Solana has no fundamental value and largely tracks the price of bitcoin. Being PoS rather than PoW, it may outperform bitcoin. But in the long term, crypto will lose out to CBDCs.”

Rudhan O is the founder of Moushumi Token. He believes that in 2022 the price of SoL will hover at the current price. Then it will “follow the broader market, but on a downside compared to Ethereum.”

“Contracts deployed on Solana will remain valuable, but new projects will choose to launch on other blockchains… Without any major technical or economic changes to the Solana system, progress may stall. Technical difficulties will be addressed in a timely manner. , but it will not be enough to attract new projects to the series. ”

The price of the helium network declined after the suggested transition to Solana. This may discourage other networks to move to the blockchain.

Justin Hertzman, CEO of CoinSmart Financial Inc., is more optimistic. “Solana’s biggest win over the past few months was getting Helium to move to its chain. If Helium thrives in Solana it could inspire more apps to follow suit.”

38% of the panelists think the helium partnership will actually have a positive effect on the price of Solana.

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