At the end of October, the product comparison website finder.com published new survey data about price predictions concerning the leading crypto asset ethereum. On November 1, Finder’s researchers published price predictions for the ethereum competitor solana, as Finder’s panelists predict the digital asset is expected to reach $235 by the year’s end and $1,178 by the end of 2025.
Solana Expected to Hit $1,178 by 2025
During the course of 2021, finder.com, an investing companion application and product comparison website, has been covering a number of popular crypto assets to survey what people think about future crypto prices. Finder researchers have covered price forecasts for digital assets like bitcoin (BTC), ethereum (ETH), and litecoin (LTC). On November 1, the company published a survey that polled 50-expert panelists stemming from the fintech and crypto industry about the crypto asset solana (SOL).
Solana has seen a significant increase in value and has recently positioned itself as the fourth largest market valuation on November 4. SOL’s market cap today is $72.4 billion and during the last month, SOL has gained 43%. Year-to-date, SOL is up a whopping 16,930% and the market valuation commands 2.54% of the entire crypto economy’s aggregate value ($2.85 trillion). The 50 expert panelists from Finder’s survey data indicate that the experts believe SOL will end the year at $235 per unit. Moreover, SOL is expected to jump to $1,178 by 2025, according to finder.com’s surveyed fintech specialists. In 2030, Finder’s panelists expect SOL to tap a high of $5,056 per unit.
Finder’s Expert Says Recent DDoS Attack Against Solana ‘Indicative of an Inherent Problem’
51% of the survey’s participants believe Solana’s proof-of-history (PoH) network will dominate the Ethereum network over time. However, 40% of the experts noted that the recent DDoS attack Solana suffered was an issue. While 51% said PoH could have an “edge over” Ethereum, 26% say it won’t and the other 23% are unsure. Joseph Raczynski, the Thomson Reuters technologist and futurist, thinks SOL will hit $250 by the year’s end.
“While vastly more centralized, Solana could perform well for less financially important asset tokenization projects,” Raczynski said in Finder’s survey. “If you need lots of transactions, but security is not important, Solana will eventually work.” Coinmama’s CEO Sagi Bakshi said that Solana’s DDoS attack was “indicative of an inherent problem” and estimates that by 2030, SOL will be trading for $50 per unit.
“I have no idea if Solana will survive, nothing at this point can indicate that it will succeed,” Bakshi told Finder’s researchers. Johannes Schweifer, the CEO of Coreledger AG, claims the recent DDoS attack against Solana was merely a “hiccup” and stressed that other crypto asset networks have suffered from “similar teething problems.”
“[Ethereum] experienced similar attacks in the past, too… It went down in history as a hiccup. So will this past DDOS attack on Solana,” Schweifer insists. However, concluding the survey’s commentary from the fintech specialists, Martin Froehler, CEO at Morpher, is sitting on the fence in regard to Solana’s recent mainnet issue. Froehler also agreed with Schweifer and noted that it was a “hiccup” but highlighted that it “uncovered a much bigger fundamental problem with Solana: its lack of decentralization.”
What do you think about the comparison website Finder’s survey on Solana’s future prices? Let us know what you think about this subject in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Finder’s Solana Survey
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