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 researchers released price predictions for Ethereum competitor solana, as Finder panelists predict digital assets to reach $ 235 by year-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 predictions 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 saw a significant increase in value and recently positioned itself as the fourth highest valuation in the market on November 4th. 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). Finder’s 50 data expert panelists say 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 Expert Says Recent DDoS Attack Against Solana “Indicative Of An Inherent Problem”
51% of survey respondents 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 remaining 23% are unsure. Joseph Raczynski, the Thomson Reuters technologist and futurist, thinks SOL will hit $250 by the year’s end.
“Although much more centralized, Solana could work well for less financially important asset tokenization projects,” Raczynski said in Finder’s investigation. “If you need lots of transactions, but security is not important, Solana will eventually work.” Coinmama CEO Sagi Bakshi said Solana’s DDoS attack was “indicative of an inherent problem” and estimates that by 2030 SOL will trade at $ 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, CEO of Coreledger AG, says the recent DDoS attack on Solana was just a “hiccup” and pointed out that other crypto asset networks suffered from “similar startup 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, to conclude the commentary from the investigation of the fintech specialists, Martin Froehler, CEO of Morpher, is sitting on the fence when it comes to Solana’s recent mainnet issue. Froehler also agreed with Schweifer and noted that it was a “hiccup”, but stressed that he “discovered a much bigger fundamental problem with Solana: his lack of decentralization”.
