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
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
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.
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.