Is Solana Dead?

Can Solana Survive?

By Cryptofab | Cointune | 30 Dec 2022


Technically, Solana (SOL) might be heading towards $5 or less. However, fundamentally, Solana blockchain offers key advantages:

  • Solana network is more decentralized than other blockchains like Polygon (MATIC), Fantom (FTM) or BNB chain, according to the Nakamoto coefficient: 

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  • Most of the developers (66%) who program on Solana do not intend to deploy on some other blockchains:

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  • Saga (Solana) phones could be available to the public from early 2023, what will facilitate of SOL and cryptos the public.

Although the current FUD on Solana related to its fuzzy links with FTX, the multiple network outages and the migration of some NFT collections to other blockchains, might have an impact on the price, the above-mentioned advantages may be beneficial on longer term.

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Cryptofab
Cryptofab

Studying Bitcoin, Alts & Arts.


Cointune
Cointune

Crypto, DeFi and passive income.

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