At the end of October, product comparison site finder.com published new survey data on price predictions for the leading crypto asset ethereum. On November 1, Finder researchers published a price forecast for the ethereum competitor solana, in which members of the Finder panel predicted that the digital asset would reach $235 by the end of the year and $1,178 by the end of 2025.
Solana is expected to reach $1,178 by 2025
During 2021, finder.com, an investment companion app and product comparison website, covered a number of popular crypto assets to survey people’s opinions on future crypto prices. Finder researchers have covered price predictions for digital assets such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). On November 1, the company published a survey of 50 expert panelists drawn from the fintech and crypto industry about solana (SOL) crypto assets.
Solana has seen a significant increase in value and recently held the position of the fourth largest market valuation on November 4th. Today, SOL’s market capitalization is $72.4 billion and over the past month, SOL is up 43%. Year-to-date, SOL has increased by a whopping 16,930% and market valuation orders by 2.54% of the total value of the cryptocurrency economy ($2.85 trillion). 50 expert panelists indicate from Finder survey data that experts believe SOL will end the year at $235 per unit. Moreover, SOL is expected to jump to $1,178 by 2025, according to fintech professionals surveyed at finder.com. In 2030, Finder Committee members expect SOL to reach $5,056 per unit.
Finder expert says recent DDoS attack against Solana is ‘indicator of an inherent problem’
51% of respondents believe that Solana’s Proof of History (PoH) network will dominate Ethereum over time. However, 40% of experts indicated that the recent DDoS attack on Solana was a problem. While 51% said PoH could have an “advantage” over Ethereum, 26% said it wouldn’t and 23% were unsure. Joseph Raczynski, technologist and futurist at Thomson Reuters, believes SOL will reach $250 by the end of the year.
“While Solana is considerably more centralized, it can do well for less financially significant asset coding projects,” Raczynski said in a Finder survey. “If you need a lot of transactions, but security is not important, then Solana will work in the end.” Coinmama CEO Sagi Bakshi said Solana’s DDoS attack was an “indicator of an inherent problem” and estimated that by 2030, SOL would be trading at $50 per unit.
“I have no idea if Solana will survive, nothing at this point can indicate that he will,” Bakshi told Finder’s researchers. Johannes Schweifer, CEO of Coreledger AG, claims that the recent DDoS attack against Solana was just a “hiccup” and stresses that other crypto-asset networks have experienced “similar emerging issues.”
“[Ethereum] I had similar attacks in the past too… It went down in history as a hiccup. So is the previous DDOS attack on Solana,” Schweffer insists. However, at the conclusion of the poll commentary from fintech professionals, Martin Froehler, CEO of Morpher, is sitting on the fence regarding Solana’s latest major issue. Froehler also agreed with Schweffer and noted It was a “hiccup” but asserted that it “revealed a much larger fundamental problem with Solana: its lack of decentralization.”
What do you think of our Finder comparison survey on Solana future prices? Tell us what you think about it in the comments section below.
photo credits: Shutterstock, Pixabay, Wiki Commons, Finder’s Solana Survey
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