A blockchain capable of performing thousands of transactions per second must be the next Bitcoin. Sam Bankman-Fried believes that SOL has the potential to become the next Bitcoin since the Solana blockchain can perform 50,000 transactions per second.
Sam Bankman-Fried (SBF), in a recent interview with Kitco, praised Solana for its potential to expand to millions of transactions per second. According to the CEO of FTX, this makes Solana an essential part of the acceptance of cryptocurrency and the next Bitcoin.
The scalability of Solana could facilitate its evolution to a new Ethereum or Bitcoin.
“I am optimistic for Solana. She has every chance of doing it, which is very interesting, I think.
Bullish analyst on SOL
Influential investors are positive on Solana, which is helping altcoin gain traction.
With growing institutional acceptance, venturefounder, a cryptocurrency analyst, believes Solana could end up competing with Ethereum.
Analysts of the cryptocurrency “More Crypto Online” are positive on Solana. As the price trend of cryptocurrencies reverses, analysts expect prices to rise to a new all-time high of $ 305.
During the Black Friday crypto massacre, Solana’s price fell below $ 200. The price of altcoin has recovered and is now trading close to $ 200 at the time of writing. Over the past two months, there has been a sharp increase in institutional input and capital turnover in Solana.
As of this writing, SOL is trading at $ 196.63, up 0.6% in the past 24 hours. The upside resistance is at $ 199.94. However, if there is a downside, the downside support stands at $ 190.68.