There’s a popular crypto analyst who remains confident in the price of Solana. Check out the latest reports about the price of this coin.
Coin Bureau remains confident in Solana (SOL) regardless of uncertainties spurred by the smart contract platform’s recent outages.
Solana price predictions
In a discussion on crypto channel Digital Asset News, the pseudonymous analyst known as Guy shared his thoughts on SOL as the Ethereum rival continues to dip in price.
“I think Solana still has legs. It’s still in beta. I see these outages as battle testing of the network. They’re concerning. They’re not a good look. It’s not something we like to see, but every blockchain has its own weak points, its own failings and these outages seem to be Solana’s.”
He also said that Solana will overcome these setbacks because of its strong ecosystem of developers and investors backing it.
“I’m confident because they’ve got an enormous amount of backing. They’ve got a heck of a lot of developers working on it. Apparently, it’s actually quite difficult. It’s one of the trickier ones to actually develop on. I think [Solana founder] Anatoly said it’s a bit like eating glass.”
He continued and said this:
“I mean, that would be my only real concern about it, but you know, it’s got this amazing TPS [transactions per second], which is attracting people to build on it. Those projects that are building on it are also attracted by all that capital that’s there, that’s behind it.”
Bitcoin and Solana price predicitons
A popular analyst maps out how he believes Bitcoin (BTC) and Solana (SOL) will perform for the rest of the year.
Pseudonymous analyst Inmortaljust said that he sees Bitcoin trading within wide range for the next six months.
“You will be bored to death the rest of the year. Revisit $25,000-$27,000 to make people panic sell.
Revisit $38,000 to make people FOMO buy. This is how they steal your precious coins.”