Solana: Where’s SOL Headed Next!? Price Prediction & Updates!
Published: 2023-11-30
Status:
Available
|
Analyzed
Published: 2023-11-30
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The Fire Dancer validator client for Solana is expected to launch in early next year (relative to the video's publication date).
"the fire dancer client is expected to go live sometime early next year"
Pending
Upcoming technical upgrades to Solana will increase transaction speeds without raising validator requirements.
"this will make salana faster without increasing the requirements for validators"
Pending
Solana plans to have a fourth validator client, named Sig, in addition to the existing and upcoming ones.
"salana will have a fourth validator client called Sig"
Pending
Solana aims to increase the number of block producers (leaders) to further enhance scalability.
"salana wants to increase the number of leaders I.E block producers"
Pending
Solana is developing 'Sea Level', a technology for parallel smart contract processing.
"the second milestone is a lot more Technical and has to do with sea level sana's parallel smart Contract Processing technology"
Pending
Solana is implementing asynchronous execution, a technology similar to Aptos, which splits blockchain roles.
"quote asynchronous execution from what we could gather asynchronous execution sounds eerily similar to the architecture that Aptos has"
Pending
Solana remains focused on crypto payments but awaits stablecoin regulations before fully committing to this area.
"salana is still very focused on crypto payments but needs some stable coin regulations to be passed before it can go all in on this Niche"
Pending
Solana's recent track record of no outages may lead to more payment trials with companies.
"the fact that salana has had no outages since February could therefore foreshadow more payment trials"
Pending
Solana's Token 22 technology enables programmability for stablecoins, allowing restrictions on transfers.
"something that's possible thanks to an application Level technology on salana called token 22"
Pending
The SEC is actively targeting Solana and other cryptocurrencies.
"the SEC appears to have soul and a number of other coins in its crosshairs"
Pending
New cryptocurrency regulations in the US are not expected to be enacted until 2025.
"crypto regulations may not change in the United States until 2025"
Pending
Solana's goal of becoming a decentralized NASDAQ is a long-term prospect that requires significant regulatory changes regarding tokenization and market structures.
"Salana becoming a decentralized NASDAQ is even further away this will require rolling out regulations around tokenization and changing existing Market structures"
Pending
Solana is anticipated to be a top-performing large-cap cryptocurrency in the upcoming bull market.
"salana is perfectly positioned to be one of the top performing large cap cryptocurrencies of the next bull market"
Pending
If Solana achieves Ethereum's previous market cap, its price could reach approximately $1,200, representing a 20x increase.
"if salana follows suit this time around it would translate to a price of around $1,200 per Soul a 20x move from its current price"
Pending
A potential pullback for Solana to its moving average could result in a 40% price decrease.
"a correction to the moving average will be a 40% drop"
Pending
Solana is developing upgrades to increase transaction sizes and reduce vote state, which will improve network speed.
"increasing transaction sizes and reducing vote State without getting too technical this will make salana faster"
Pending
The launch of multiple validator clients is considered a key milestone for Solana's completion.
"Anatoli once mentioned in an interview that salana will effectively be complete once it has launched multiple validated clients"
Pending
Solana is integrating with ChatGPT to simplify data fetching and dApp development for its blockchain.
"salana announced that it would be integrating chat GPT to make it easier for developers to fetch data and build daps on its blockchain"
Pending
The Solana Foundation is offering up to $10 million in grants for developers building AI-related technology on Solana.
"the salana foundation also announced that it would offer up to $10 million in Grants for those building AI related Tech on salana"
Pending
Solana's state compression technology allows for near-zero cost NFT minting, with 1 million NFTs costing around $110 in SOL.
"this upgrade makes it possible to Mint nfts on salana for next to nothing apparently 1 million nfts can now be minted on salana for as little as $110 worth of Soul"
Pending
Solana launched its crypto-focused mobile phone, Saga.
"salana announced the launch of its mobile crypto phone called Saga"
Pending
Solana's ultimate goal is to serve as a decentralized alternative to centralized stock exchanges like the NASDAQ.
"Sana's endgame is to be a decentralized competitor to centralize stock exchanges like the NASDAQ"
Pending
Solana's inflation rate, currently around 7%, is projected to decrease to 1.5% by the year 2030.
"7% is roughly Soul's inflation rate too which will decline to 1.5% by by 2030"
Pending
The peer-to-peer network Helium began migrating from its native blockchain to Solana in February.
"peer-to-peer Network helium in February it prepared to migrate from its native blockchain to salana"
Pending
Anatoli Yakovenko outlined three additional key milestones for Solana's development at the Breakpoint conference.
"Anatoli revealed three additional salana Milestones during that breakpoint conference"
Pending
The Grayscale Solana Trust trading at a nearly 9x premium indicated exceptionally high institutional demand for Solana.
"grayscale salana trust was trading at an almost 9x premium signaling extreme institutional demand"
Pending
Following the conclusion of Sam Bankman-Fried's trial, Solana's price experienced a significant rally.
"once the trial was over Souls started to Rally like mad"
Pending
It is difficult to argue that Solana is sufficiently decentralized due to its current stage of development.
"it's much harder to argue this for salana given where it is in its development cycle"
Pending
Solana's development appears to be influenced by its main competitor, Aptos.
"this suggests that Sal continues to be inspired by Aptos its biggest competitor"
Pending
Solana aims to increase scalability to match the transaction speed of the NASDAQ Stock Exchange.
"bring it one step closer to being as fast as the NASDAQ Stock Exchange"
Pending
DeFi restrictions on Solana, like those affecting Orca, and Meta ending NFT functionality on its platforms, could potentially reduce users and investors.
"it's safe to assume this was the case for Orca too not only that but meta also announced that it would be ending its nft functionality on Facebook and Instagram"
Pending
Solana's NFT marketplaces are seeing approximately 1 million unique wallets monthly, a significant increase compared to its dApps interactions a year prior.
"there are around 1 million unique wallets using sana's nft marketplaces every month this is roughly double the number of unique wallets that we're interacting with salana daps one year ago"
Pending
The number of active wallets on Solana remains very low, and analytics suggest it is half of the level seen after the FTX collapse, despite a recent spike.
"the number of active wallets on salana is still extremely low with the exception of the recent Spike these analytics suggest that the number of active wallets is actually half of what it was after FTX collapsed"
Pending
Solana's indicators, such as an RSI over 90 and its price exceeding weekly Bollinger Bands, suggest it is overbought and due for a pullback.
"it's clear that soul is very overbought the RSI being over 90 and Soul's price being outside the Ballinger bands on the weekly are two of many signs that soul is primed for a pullback"
Pending
Solana's monthly chart shows it has entered bull market territory, and it is expected to fluctuate around the moving average until after the Bitcoin halving, when altcoins are predicted to rise.
"Soul has broken above the Ballinger band moving average bull market territory it's likely that soul will bounce around this moving average until after the Bitcoin harving when SS finally take off"
Pending
If Solana reaches a market cap similar to Ethereum's previous cycle peak of $500 billion, its price could reach around $1,200.
"ethereum hit a market cap of over 500 billion during the last cycle if salana follows suit this time around it would translate to a price of around $1,200 per Soul"
Pending
Solana has two upcoming technical upgrades in development: increasing transaction sizes and reducing vote state.
"the technical upgrades that salana will undergo there are two which are still in development increasing transaction sizes and reducing vote State"
Pending
Solana requires four validator clients to be considered fully developed.
"this blog post suggests that it needs four to be finished"
Pending
Payment companies like Visa are prioritizing speed and reliability over regulation for Solana's payment solutions.
"believe it or not but it looks like visa and others are already ready to play their parts during a panel at that breakpoint conference a spokesperson from visa and one from another payments company noted that they're focused on speed and that reliability is more important to them than regulation"
Pending
Solana's primary use cases, such as payments and competing with centralized exchanges, are hindered by outdated regulations.
"the killer use cases that salana is currently pursuing namely payments and competing with centralized exchanges are still being gatee kept by outdated regulation"
Pending
Due to its proof-of-stake mechanism, large institutions could potentially gain control of Solana by acquiring substantial amounts of SOL.
"the fact that its proof of stake means that large institutions could buy enough soul to take control"
Pending
Solana has either solved or is nearing a solution for scalability, enabling it to handle more traffic than other Layer 1 cryptocurrencies.
"salana has solved this issue or is at least very close to doing so this means that salana will be capable of handling more traffic than any other cryptocurrency at the layer 1 level"
Pending
Solana's scalability is expected to prevent the Layer 2 fragmentation observed on Ethereum and other Layer 1 networks.
"this means that salana will not see the same layer 2 fragmentation we're starting to see on ethereum and other slower but more secure and decentralized layer ones"
Pending
Solana's architecture will ensure that 100% of its network traffic is captured by the SOL token.
"this means that soul will capture 100% of sana's traffic"
Pending
Projects aiming to be 'Solana killers' might potentially outperform Solana itself.
"it's possible that the salana killers will do even better"
Pending
A significant portion of SOL tokens previously held by FTX and Alameda will vest monthly until late 2027 or early 2028.
"most of the souls sold to FTX and alamida will vest monthly until late 2027 and early 2028"
Pending
Approximately half a million SOL tokens will be unlocked monthly until late 2027/early 2028, likely needing to be sold by FTX and Alameda due to their bankruptcy.
"this works out to around half a million Soul unlocked each month which FTX and alamida will likely have to sell as part of their bankruptcy process"
Pending
Solana's weekly staking rewards ($25 million) are substantial relative to the monthly unlocks from FTX and Alameda's holdings.
"Soul actually issues over $25 million of staking rewards every week"
Pending
Due to institutional interest, it's unlikely that all of FTX and Alameda's SOL will be sold on the open market; most sales will likely occur over-the-counter.
"it's unlikely that all of FTX and alam's soul will be sold on the open market given the institutional interest most sales will likely take place over the county"
Pending
The Total Value Locked (TVL) on Solana remains very low, with only a slight increase in recent months and minimal impact on the long-term chart.
"the total value locked on salana is still in the toilet to be fair it's risen slightly over the last few months but it barely registers on the longterm chart"
Pending
A significant portion of Solana's activity has shifted towards its NFT marketplaces.
"most of sana's activity appears to have migrated to its nft marketplaces"
Pending
The Phantom wallet browser extension has stagnated with approximately 2 million downloads, the same number as the previous year.
"the Phantom wallet browser extension still only has 2 million downloads this is basically the same number of downloads it had last year"
Pending
Solana is well-positioned to be a leading performer among large-cap cryptocurrencies in the next bull market.
"it's perfectly positioned to be one of the top performing large cap cryptocurrencies of the next bull market"
Pending
Solana's focus on extreme speed, despite past criticism, is identified as a key factor for its future success.
"ironically enough this is precisely because of the thing that made everyone hate it so much its obsession with making its blockchain as fast as possible"
Pending
Addressing the scalability issue simplifies the resolution of other challenges for Solana.
"once you solve the scalability issue solving everything else becomes a lot easier"
Pending
Solana is projected to handle a greater volume of traffic at the Layer 1 level than any other cryptocurrency.
"salana will be capable of handling more traffic than any other cryptocurrency at the layer 1 level"
Pending