Crypto Strategists Say Solana Could Reach $5K In 2030 And Here’s Why

Some crypto strategists say Solana could reach $5000 in 2030 as it could be an alternative to Etheruem with its value being able to cross this level within a decade as we are reading more in our latest Altcoin news today.

Finder, which is a product comparison website published a survey showing that crypto strategists say Solana’s value could surge above $5000 by 2030. The Survey had about 50 experts from fintech and the crypto world as panelists were asked about what they think the value of this coin will be at the end of the year by 2025 and where the price will come up to in the next decade. One of the panelists, Joshua Fraser as one of the co-founders of Origin Protocol predicted that Solana’s price by the end of the year will surge to $250 and that this Ethereum killer will become a viable competitor and alternative to Ethereum as the second biggest market cap. In his words:

“Solana will be the most prominent alternative to Ethereum and Ethereum layer 2s in hosting DeFi. This is a huge market to be captured and SOL price may reflect this.”

Another panelist, Gavin Smith as a general partner at Panoxra Crypto corroborated the prediction that the value will reach $250 by the end of the year. Solana in the past 24-hours saw a new price increase as high as the $250 prediction and there are some strong indications that the value will surpass the amount before the end of 2020. Finder’s panelists are agreeing on the fact that the value of Solana would have breached $1K and will trade higher so they also think that SOL will be able to reach over $5000 by the end of 2030.

The panelists stated that the recent DDOs attacks that Solana suffered that took the network offline cold even become a challenge in the future. According to the survey, 40% of the respondents think this will be an issue for the network in the future with Jonathon Miller as the managing director of Kraken Australia saying that we need to trust in L1 Blockchains is paramount and SOL doesn’t have this degree of trust yet.

As recently reported, Solana flips Cardano to become the fifth biggest crypto by market cap as it reached a new all-time high.

Source: https://www.dcforecasts.com/altcoin-news/crypto-strategists-say-solana-could-reach-5k-in-2030-and-heres-why/