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During the 2021 bull season, the altcoin Solana had witnessed remarkable surges, positioning itself amongst the most profitable altcoins. Moreover, it persistently maintains its position among the top ten cryptocurrencies. When speed and low fees are in question, this altcoin is the first to come to mind. A mysterious crypto analyst has expressed high expectations for it. So, what is driving this optimism?
Expert Opinion on Solana’s Future
An anonymous crypto analyst from InvestAnswers and Paul Barron focused on the impressive growth of the Solana ecosystem in their latest market evaluation. Popular figures, including Chris Burniske, have made bold predictions for Solana this year. These statements might be because of significant SOL Coin investments. Nevertheless, crypto investors always require various perspectives, and today, we provide that.
The anonymous analyst said:
What surprised me about Solana is that, initially – we’re talking about 25-26 months ago – I was looking for an ETH killer to maintain my ETH position. If something was coming for ETH, I needed to be in it. However, the developments they have made in the past 26 months are mind-boggling, definitely insane.
What Will Send Solana’s Price Soaring?
The analyst mentions the enhancements made in blockchain projects like Jump Crypto’s open-source validator client, Firedancer. These improvements will increase scalability and network transaction times.
What’s genuinely interesting for me is how they’ll scale as they move forward with Firedancer, and they have something called side scaling, which will fundamentally change how they proceed. Firedancer, a Solana validator developed by Jump Crypto, aims to significantly increase Solana’s scalability, and most importantly, what people aren’t focusing on is reducing latency times essentially to milliseconds. This will pose a significant threat to many other things…
This actually comes from Messari. They’re talking about how Firedancer situates Solana into the CEX (central exchange) latency range, i.e., the ability to run a New York Stock Exchange or NASDAQ or multiple exchanges. And they continue to talk about security, costs, transaction times, and latency, which is very important again.
According to the analyst, the developments in the Solana field differentiate it from other blockchains.
These are some of the mind-blowing things about Solana that I think many people do not understand. They put it in the same category as other layer-1’s and layer-2’s, but due to some of the things I’ve mentioned, it’s far ahead, and everything depends on scale. How can you include a billion people in the system? This is how.
As of the time of writing, SOL Coin is trading at $18.98.
