Bitcoin Forum

Does solana network ready for huge demand?
What you think of solana price ? Does solana are high supply or limited supply coin compared others ?
So i think we see 7000$ price because supply and demand but even that much gain it's not life Changing gain so that's why i don't try to get rich with alt coins neither with btc but it's nice to some gains.
But now the sol is hot specially when other coins are sleeping what's the solana price targets ?
Are you fan of solana ? Im big fan of solana i think it's the best chain i want to invest more into.

Was that too high? I think their ATH is around $200 maybe a conservative reaches of $300 could be tolerable but at $7k not so sure. If that price then it could probably topple against eth maybe. Solana is hot but lets be realistic as always when it comes to fundamental analysis. Still market is on rallying so we cant say this for sure.

Currently meme coins are hype and meme coins on the Solana network are the most popular meme coins among investors. This will definitely have a positive impact on the price of Solana because it means that transactions on the Solana network will also increase drastically. In my opinion, Solana is included in the altcoin group with low supply because the price of Solana is included in the high price altcoins.

I can not be sure of this, some few weeks back, there was network congestion on the network.


$7,000 is too high a target. Certainly not in this bull run. Even Ethereum hasn't reached there yet and if you recall very well Ethereum was way more popular than Solana  ;D


Don't have your hopes so, you will be disappointed

In the previous bull run, it was ~$260.

Whoever invests in Solana is aiming for profit. Blockchain has proven to have serious problems in the event of high demand, and it can be almost impossible to broadcast your transaction. However, there is still demand, which means that we may see $1,000 over the next year, but $7,000 is extremely exaggerated and may not absolutely reach this price.

Be realistic with your predictions, Solana cannot rise as high as this and i am pretty sure you know that. You are hodling Solana and i get it that you want to hype the coin up and maybe attract more people to it, fair enough, but people know better these days. :D
It is also not uncommon to see Solana users complain of bugs and "transaction failures" in the network, so maybe you should be careful of how much you are hyping this coin.

Solana has already seen much larger demand and its current price of Solana at less than $150 is a good deal. A good price hike and solana meme coins would go wild and which ever the meme be, it would help the price of Solana up. And unlike Ethereum, Solana won't botch the bull as they can handle huge demand with their large TPS.
Solana would reach at least $300 within this year and would be one of the best investment you can make. Meme coins have more potential but it's hard to decide which one of them would break out. There are alternatives of Solana but it would take them time to reach where Solana already is.

I believe that Solana, will be the most sought after altcoin in this coming bull run, it's gaining so much attention and popularity because of the many activities in it's network, investors are also interested in the tokens in it's network. Despite any issues in their Blockchain, which is due to the high demands in their network, people still have trust in them.

As for it's price reaching $7000 in a new ATH in the bull season, we all know that either the OP is exergeratinng or he meant to say $700, however the bull run goes, I'm quite positive that Solana, will make it's investors richer.

     7000$ each solana? When is this bull run? because if you're doing that bull run now, thinking that it's unlikely to happen, I don't know what you're basing it on, Op, or did you just predict that you didn't have any basis at all?

     when Bitcoin was at 500 dollars each before it went through several bull runs before it became 20 dollars, but then you want the price to be like that immediately. I'm sure that won't happen this season, and no one knows when that will happen in 7k, maybe 300-500$.

Broski if Solana going to $7000 isn't life-changing money for you, then you probably need to get a job for you to be able to invest more money in the markets lmao. That's literally a 48x if that's not life-changing, nothing will be. (Definitely not saying it will reach that price because the market cap will be too high.)

Your price prediction have any fact so that we can be convinced that it is right? My analysis says sol price can go another 3X from here with supply and demand metrics. The current sol price rally was due to their incentive from their ecosystem airdrop. They have already distributed so much money in that way and this methods is not sustainable for long term. There needs to be other factor that can drive the price like crazy. Fast transaction also can't be the option as there are other blockchain that is also fast enough for mass operation.

They should be.

I can see solana increasing more this year and if they do not solve the problem of congestion then it might just be their downfall. It is not the top coin (yet) so if their network is too congested I can see many investors losing interest and looking at other memecoins. It won’t be hard since there are practically a thousand memecoin out there.

Although I am not a fan/anti of SOL, I must admit that it is still the leading cryptocurrency in the space. If it's just speculation, let's try to set bitcoin expectations at $200k and then the distribution to alts, SOL will benefit in a bull market with a range from the current level of $100 - $1000.

But anyway, in this space, everything is created more from trust and there is no complete guarantee of trust, the past tells us that there are still unpredictable scenarios that appear in bull price cycles. So even if you have faith, you should be ready for the bad scenarios you have to face.

I don't really know how the bull market is going to go but I am looking at seeing the price at 500 soon when the bull continues.
We have been seeing so many projects building on the Solana network which means the sol blockchain is going to explode soon.
I know there are many of us that have sol in our portfolio but we just have to observe the market and see the posible price it would reach before the end of the bull market so we can always make profits.

The supply of solana is fixed and i have no comment about this. Don't you see how solana growth more than 10x from its yearly low? that's enough to tell you that if solana's supply doesn't even matter again now. People keep buy it.

Your imagination seems a non sense thing. Try to lower it. Solana never ever touch 500 bucks and how can you say that if it's gonna touch 7k? are you drunk? Think again mate. it will never come true for sure.

Touching new ATH probably the main target here. It doesn't even make sense if you are aiming solana to touch 4 digits target. LOL

Even if you are a solana fan but you shal always use your sense my friend. Stop to forecast non sense target like that.

It has histories of outage so if the devs have already fixed that, who knows?

I am not a fan of it and that price is quite high to think of. Many altcoins have performed well in the past for their own primes but then as years have passed, they've become forgotten and didn't do that much anymore after their times in the bull runs.

Blockchains are rarely pumped more than once and Solana has risen amazingly over the past years but what new can they offer? They used to say that they are the fastest and cheapest blockchain, but the increase in demand has proven that they are not the fastest or cheapest, so all that makes the price increase is trust in the developers. If you don't trust the developers, don't invest.

I mean just look at bitcoin. It’s honestly such a pain trying to make transactions on the blockchain with how expensive the transaction fees are. I find myself sometimes a little frustrated but it does not mean I do not like the coin anymore.

I still think it is valuable and would be beneficial to me if I held on longer. I am guessing that the same thing would happen to solana. Although I do hope that they solve their problems so that they have another edge against other altcoins and possibly bitcoin.

Did you type this thing right from your phone or you are writing to us from Pluto? This your mathematics need some more integration to get the actual value of Solana actual price from the future, how can you even say Solana to $7k mate, this is illogical.

I know for a fact that despite this mini retracement of alts, sol price decreases but I think one of the most traded alts by volume remain Solana and the price recovery came back immediately Bitcoin was able to make some green moves but does that gives Solana that future price you actually quoted there, I don't think so my friend, we are still behind it.

As for technical aspect, I'm not sure if Solana has any new update or feature to give Solana but I know for a fact things will improve especially how they are trying to handle the bots transaction on Solana blockchain, maybe if the spam transaction are finally handle, we might see Solana as the new crypto value might reach there.

This might be the problem to every network when they get recognized and there’s an increase in demand, they tend to work slowly and tend to be more expensive than they used to be. SOL can still be a good coin as long as they continue their development and continue to improve their platform, the surge in meme tokens under SOL network helps them to pump, so let’s see if they still have something to offer to continue their momentum in the coming bullish trend.

$7k  that is too huge in my opinion, all time high is $260. So let's say it goes 10x, so that's around $2600 only. Yes, I know that it is hot, but not sure how can it get to $7000 unless there is some whales going to pour their money in the market, and when he sees that price, sell and get out.

So it's better to put a conservative estimate around $3,000, at least you will not be frustrated if it doesn't goes to the price that you are expecting. I have nothing against Solana, it's a great project, but still remains to be seen as there are a lot of competitions.

It's never been ready for huge demand. Solana is still an experimental blockchain network. The constant outages tells us Solana has a long way to go before it's able to compete with the likes of Ethereum and even BSC. Developers promised the "Firedancer" node software will bring stability to the network. But I'd take that with a grain of salt.

What's "pumping" SOL's market price is none other than the "meme" coins craze. Once the hype goes away, we should expect SOL to "dump" real hard. Unless developers fix the network's inherent issues, don't expect Solana to go anywhere soon. There are far better options out there. Why not choose Cardano or any of the L2 ETH networks instead? :D

In my opinion, Solana is one of the altcoins that has very high potential and popularity in the crypto market, even though currently Solana is rarely talked about, Solana is very worthy of being a long-term investment, the proof is that up to now Solana can still survive and still is in the top 10 CMC, to be honest, I personally still keep Solana even though it's not that much, but the profits I get now are very good,

Solana should work on their network congestion and everything will be fine and for now Solana is not among the recommended altcoins to invest because we can't pay high transaction fee to invest in a project and waited for months or years yet there is no improvement and if care is not taken then you invest as lost if the price is not appreciating instead it is reducing. Solana and Ethereum were doing well. And the market right now is not nice to recommend. I am not even sure that in the next few months it will be okay for people to start the investment.

I will check out the network tomorrow or this to see if the congestion issue has been resolved. Because the last time when I checked it is very bad. Normally Solana is a good project to invest.

solana is good alternative to ethereum and its even better than binance smart chain in many aspects, i expecting this coin to be at least as big as ethereum some day.
but right now the whole blockchain only used for something like meme coin, even though many games are also deployed in this blockchain and i'm talking about game like nyan and so on.
but undeniably if solana wants to be as big as ethereum it needs to invest on the same quality dapps that exists in ethereum.

moreover hopefully solana could also try to solve their power outage problem, i heard there's already proposed solution in the testnet but its not rolling out in the mainnet so far.
and yes I think the potential is high, but it requires support for it to breakthrough, current solana could be said quite boring, even memes are now that are booming not consistently in solana.
it needs more and more innovation.

With the way they manage their network congestion right now, that's going to be a thing that we won't see very soon, they need to deal with the congestion in the network first before that can happen and despite how easy it is to navigate their network and the projects and airdrops that are working on them, I hold on to hope that they're going to be really big someday, they've been making a lot of projects as of late and it's not something that I'm going to be dismissive about, them projects will just keep on making Solana more renowned to more and more people and potential investors.

Solana is having a bad time with large number of it's transactions failing. This is not a good outlook for the hyped chain but I hope they'll be able to fix it with some updates. One of the reason for such failure is the sharp increase in transactions recently mostly coming in from bots. The congestion of the solana network has not only hurt the price of Solana but also memecoins based on the network. I'm still bullish even on these circumstances as the growth of Solana is unprecedent and if they be able to solve it a little bit, the price would easily jump to 300.

If Solana continues to grow in popularity and adoption then the price will probably continue to rise but what could affect the price of Solana is competition from other cryptocurrencies. Although Solana has gained popularity in recent years there are still many other cryptocurrencies in the market that are more popular than Solana. Solana meme coin is heading towards and losing value due to low trading volume. Looking at the generally upward trajectory, Solana is undoubtedly likely to reach new highs in the coming years.

Yes the Solana blockchain is still experimental. If you do any type of coding you will even see that the main API is something such as “Solana main net beta”. They call it beta to mean that it’s still not a fully developed project.

If you use the network a lot, you will see it gets hick ups from time to time. There are times when it’s impossible to send a transaction no matter how large your fee is.

You don’t get these issues on ETH or BTC even those have higher fees.

That guy does not understand tokenomics and the circulating supply. Solana has inflation also. At current supply levels it would have a market cap of over $3 trillion @ $7,000 per SOL. 10 years from now the Solana supply will be around 725 million SOL. SOL @ $7,000 would equal a market cap of over $5 trillion. If the dollar completely hyperfinflates then sure, SOL could reach that price. But so will a lot of cryptocurrencies. I see BNB @ $7,000 before SOL.

https://solana.com/docs/economics/inflation/inflation-schedule

I just checked and the Solana transaction failure rate is a bit lower than a few days or weeks ago. But we'll have to see if it holds up. Still looks like more than 50% are failing.

https://solanabeach.io/transactions

That explains the constant network outages. I knew Solana was an experimental chain all along. Unfortunately, most whales and retail investors don't care because they only want to make money. Solana is the #1 chain for "meme" coins right now. It's no wonder why it's still going up, despite the FTX collapse and constant network outages.

Developers promised the Firedancer node software will fix Solana's problems once and for all. I'm yet to see if that's going to be the case after launch. Even if Solana improves, it'll never become as good as Ethereum. Nothing is guaranteed to last forever. So I'd avoid putting all of my life savings into SOL, just to be safe. :D

I saw from their official website that it shows that in the last three months the Solana network can be used smoothly without any more blackouts, Investo is not only thinking about making profits quickly, but we have to see that many old investors have entered Solana and studied the Solana network because indeed has quite cheap transaction fees. In fact, the transaction speed is faster than the BSC and Ethereum networks. That is why currently the Solana ecosystem is increasing and more and more people are using Solana.

If the memecoin craze will continue then there's high hopes with Solana Network for this bull cycle. Well, actually, Solana itself is a good coin to invest in long term. This coin is slowly getting more recognized by investors and it won't be surprising to see it as a big contender of big coins in this market in particular with altcoins. There's still a lot of room for improvement in this token and future is bright for this chain, I believe. There are still issues with transactions but as this network continues to grow, it might become better in the future still.
We saw how big its market value have jumped this year and that speaks for potential, indeed. Being considered as one of the top altcoins is already something to look forward with as this cycle continues.

First of all I would accept that I am a fan of Solana because of its technological advancement, and its potential to play a significant role in block chain echo system. The credit goes to its professional team who continuously struggle to make Solana a great block chain that provides servies to its customers at a very competitive transaction fees.

Regarding its potential in future, I think it has not yet shown its real color despite the fact that it has demonstrated tremendous growth during the past six months. There is anticipation that Solana could surpass its all time high of $260 in the upcoming bullish market

I am also one of the people who pays attention to Solana. In my opinion, the $7,000 target is too high and will definitely take a long time. As for the price, maybe I don't know for sure, but what is clear is that this coin has a project foundation that looks solid, so I'm sure the price will get better in the future. The growing number of dApps, DeFi platforms, and NFT projects building on Solana shows its utility and growth potential. Collaborations with big names like Chainlink and Brave increase Solana's credibility and reach. But even though indicators and market sentiment show a potential increase in SOL prices, there are several factors to watch out for such as overall market performance, regulations on crypto from several countries and competition with other coins. It could affect Solana and is worth watching out for.

$7,000 prediction of Solana price is unrealistic because for now the coin is not even moving any upwards for months now. Last month Solana was $157.78 and noe it is $147.97. though the coin is nice but to hit even $1,000 this year or next year is not possible and the coin that can rise again in this year is bitcoin and Ethereum, and Ethereum might reach $5k this year or next but some people are predicting $10k but I am not sure if thT price in anytime soon as well.

Oh yes the DaPPs in Solana network are one making it to survive well to this extent and also they are the caused of the Solana network congregation.

Certainly, aiming $7000 target price of Solana appears overly ambitious, even considering the significant development efforts in its network. This goal is not likely to come to fruition  in the near future, in my opinion in the next anticipated bull run it might surpass its previous all time high (ATH) of around $260, and gradually reaches to $500. This scenario could unfold provided Bitcoin reaches $100,000 triggering a strong rally in alts market.

Solana is definitely my retirement plan, lol. All my chips are on it. I buy Solana through the DCA method and will do so in a disciplined and patient manner until mid-2028. Some may doubt Solana's future, but what it has shown currently is no longer about the future but the present. It already proves its efficiency, acceptance, and dominance in the market. So, no matter what they say, I'll continue with Solana on DCA. I'll return here in 2028 confident to have realized the profits of my life. It doesn't require much intelligence or genius IQ. For those aiming for success, I recommend practicing discipline and patience.

You seem to be having good understanding of investment methodology and following the solid professional strategy of Dollar Cost Average (DCA) which is considered best approach for long term investing and ensuring lower cost of portfolio overtime. If you stick to this plan and continue following it for long term, you will likely enjoy your retirement life from the profit you make from your investment in Solana coin.

Bullish on SOL

I like it, community, and how it's developing!

Yes I also noticed that in the early part of March when I wanted to use the network to make some transaction in Binance platform when Binance was asked to removed p2p in my country and it was written "network congested try again later" and the fee I was using was big yet it was not going so I left it and used TON to do the transaction. So what you are saying is the truth, if their network is still on the process of experimental, I will not doubt it because normally network congestion not supposed to last for two months but this has been more than three months.

But Ethereum network too has been on the congestion line but if you use high transportation fees, your transaction would be accepted and it is not like the Solana network.

It could surpass its ATH if the "meme" coins craze continues. That's what's keeping the "flow" going. Aside from the fact that Solana has cheaper fees than most popular smart contract platforms. The only downside is the network outages. If Solana achieves stability, it might topple ETH someday. Who knows?

I'm surprised it has gotten this far despite being linked with FTX. Investors prefer this coin for some reason. The market is unpredictable, so I'd suggest you diversify your investment just to be safe. ;)

These are so many questions, but one thing that is certain is that Solana is a big name now in the cryptocurrency market and I think it will keep it for so long. And if care is not taken, it will leave behind the likes of BNB and even Ethereum, it all depends on their more scalability, upgrades and people's appreciation. If my prediction about Solana this bull run season comes to light where it hit at least $1,000, then the race between it and Ethereum will officially start and the rivalry will be keenly witnessed by all.

And yes, I am a fan of Solana, a big one for that matter, but for it to reach the $7,000 you quoted will take time even as it could take 2 bullish seasons. This is because it will continue to attract prominence and investment but it will have to also face some bearish pressure during the bearish season which will negatively strongly affect its growth over time.

people favour it heavily due to meme coin, as much how silly it is with the whole meme coin craze on its own, we all know that the market for the meme coin is freaking huge and in solana there's no shortage of meme coin.
I guess as you said, it is what keeping the flows going aside from the fact that the dapps coming from solana in term of market cap also could somehow compete even with the most popular dapps that was initially introduced in ethereum such as JUP where the FDV is roughly double of what uniswap is having once the circulating supply equal to total supply.
never i'd expect that a newly deploye dapps could overtake some of the most popular dapp just like that in FDV alone.
the future is promising but as you said there's just many implications as well that could affect the price of solana moving forward like the one you mentioned.
so I guess its still uncertain future.

What you say, I really agree that SOL is one of the best after BNB. Currently it is always approaching and, even shifted its ranking in CMC. This is, of course, because trust in SOL is quite high, so MC is also very close to BNB. So it's true that SOL is worth considering as a potential investment besides ethereum, BNB. It is not impossible, although up to now it is difficult to reach above $225 or even pass the ATH, but it is still a consideration as an option.

This year is like the year when meme coins continue to shine, as well as Solana, which is increasingly active in transactions, Solana coin is one of the things that is currently hyped this year. Many investors have also looked at the coin because many Solana networks are used for transactions. The decline in Solana coin has also made many people think whether it is a correction or a dump. Solana is also still holding high prices, however, please be aware of what is happening with today's SOL price correction.

Definitely Sol is one of the top coins and well suited for investment. It is currently ranked fifth in the CMC. Although this year saw Solana coin above $200, Solana's current price today stands at $168, a significant increase from last week. At the same time as the Bitcoin pump Solana Coin is also pumping, if the Bitcoin pump continues Solana Coin may soon break its highs and enter new highs, which I hope may be the end of the year. Apart from Solana project alone, Ethereum, BNB coins are worthwhile investments as the two coins price may not have grown as much as Solana but have grown a lot.

The network outages are a major reason why I had to exit Solana despite being a huge fan of it.
I had a decent bag of Solana but sold it in the bear market. Now that Solana is back on track and pumping hard I regret selling so low.
But the network outages are still a huge concern for me and that is the reason why I won't be buying the same bag size again.
May be a very little amount of SOL but that would be it.

I'm not a fan of Solana but I see Solana as having a bright future. Solana is the best producer of meme coins and the meme coin hype will definitely have a positive impact on the price of Solana. However even though SOL is an altcoin with a low supply, $7k it is impossible to achieve in the near future because that means SOL would have to rise more than 20x from its current price.

Why you not fan of SOLANA COIN? SOL now alternative coin of Ethereum. SOL already boom and more boom are coming in future. so if someone can hold SOL for long term then it is possible to earn huge profit from solana. When SOL was first launched in the market we couldn't predict what it was going to be in the future. But now we regret seeing its value. and if we don't keep SOL now, we will regret more in future

Really? Being a "playground" for "meme" coins, means Solana has a bright future? It's not about speculation, but rather utility. Making quality crypto projects focused on innovation is all that matters. Not a bunch of useless coins (garbage) meant to enrich developers and early adopters.

The "meme" coins craze is what has propelled Solana to new heights. But it won't last long. Especially if the network continues to experience disruptions (outages). Maybe the upcoming Firedancer node software is Solana's solution to all its problems? Only time will tell. As long as decentralization is prioritized, there should be nothing to worry about. :D

Prediction are done by top pro analysts in the market. Be careful with the odds and sort out means to stay stable in the space. A bright future is everything we seek and we definitely acknowledge the fact that we're swapping for improvement. 20x pump is not even consider enough because with the constant pressure of strong hodl of Solana. The SOL project have bring forth substantial profits on our end. We should strive for great things coming our way and always bend in good direction.

I feel like it's more about having a blockchain that people uses. If they are used for a good thing that would be lovely, BUT if they are used for something shitty that's still being used and I think that would be fine. As long as people end up with anything they can deal with, like if the volume is high, then buyers will be there and if buyers are there, even for a wrong reason, then we are going to end up with something much better in the end.

I feel like the best thing to do would be just accept the fact that some of the people in the crypto world just work on hype and trend wave, which is not ideal of course but it does make things go up. Solana is one of those coins, and I think it will go up for wrong reasons but it will still go up.

Very ready, I say that because I see that the Solana network is still doing well even though meme coin transactions on the Solana network have increased drastically. Talking about the price of Solana, I am very satisfied with the increase in the price of Solana in the last few months because the price of Solana has increased drastically and now Solana is ranked 5th in CMC. and the increase in the price of Solana is causing the moment several years ago to repeat itself, namely Solana and BNB competing for position 4.

Yes the price of Solana has increased in the past but the price rise has been halted for now. There has been less momentum over all the crypto but there's no reason for Solana to decrease. Solana has a better prospects in the near term. The rise in meme coins would increase the demand for Solana as gas and as base currency for investment and trade. They have a good chance of being the next coin to be accepted as ETF. This dip could be the best time to accumulate some Solana as it's not coming down after it crosses the $200 resistance.

It is likely to grow at a slightly slower pace and over time due to the recent addition of the Solana paypal PYUSD stablecoin. This could be a positive sign for investors.
https://cointelegraph.com/news/paypal-pyusd-stablecoin-confidential-transfers-solana

But I am a big fan of Solana coin. Solana coin is now trading at $165 at that moment and they have the ability to boom more than $220 per prediction in the coming few months. I am holding a big part of my portfolio and i hope I will get a huge amount of profit from my investment. Its time to invest in Solana and Solana base meme coins to get profit in the future. Dyor.

The Solana Blockchain is quite a popular chain with lots of projects that are being launched on it.
There are plenty of altcoins on the Solana Blockchain especially memes and we can always make money for ourselves ifnwe can buy and hold some of the good projects that are launched on it.
Apart from Solana projects, there are still plenty of projects we can buy and hold for the bull.

Of course friends, for SOL it is certain. I am also a fan of SOL and I have big hopes for this coin, although price corrections can also occur due to market fluctuations, but that is not a problem for me because I know this coin also has strong fundamentals and the potential for a significant price increase in the future.