Solana Forecast

Solana was one of the surprises of the last bullish cycle in the cryptocurrency world. A network that from the beginning offered itself as an effective alternative to the Ethereum world, and also managed to attract significant capital from venture capital firms.
A bluff and a bubble or a system that can seriously contend with the best even in terms of market share? That is what we will be able to understand from an initial fundamental analysis of what revolves around Solana and what could affect the value of this network in the medium to long term.

Another Ethereum killer?

Over the years, those who follow the cryptocurrency world have encountered several "Ethereum killers," that is, projects that have sought to fully or partially replace market leader DeFi and, more recently, the metaverse and gaming space as well. We have seen some of them fail, while others have managed to win back an interesting market share.
Solana is already in the second group, in the sense that we can already see practical applications in these Solana spaces, and even though the system is still in beta, the appreciation from experts, developers and even investors has already become tangible. However, the fact remains that Ethereum is still a long way off, and given the recent investor fiasco, it seems that the gap is insurmountable.

Backed by leading investors

This is one of the points of contention around what Solana does. There are several "classic" and first-class investors who fuel Solana with their capital. For many, the presence of such investors has turned Solana into a kind of self-fulfilling prophecy.
Important capital has also come from the cryptocurrency sector. While this can be a problem for those looking at decentralization even among capital holders, for speculative investors it is an additional safeguard. This exposure to leading investors has also caused problems in the past. Such was the case with FTX, which, when it went bankrupt, deprived itself of an important part of the entire Solana ecosystem. Let's see if we can continue to hope for a return of Solana.

Still some technical problems

Solana continues to experience some technical issues, sometimes causing major validators to have to restart the network. Is this a problem? Absolutely, but investors have been lenient here as well and continue to emphasize that Solana is still in beta, which means it is not the final version of the project that can be considered reliable.

Average correlation with Bitcoin

This is one of the points in favor of Solana. Of course, when the whole market goes down, led by Bitcoin, Solana also tends to pay something in terms of price. But that's not always the case, and indeed, $SOL proves time and time again that the coin is not strictly correlated with the trend, or at least less correlated with it than others.

Good LTV

That is, the amount of value that is within the system, including through DeFi applications that use Solana. Obviously, we are still a long way from what is happening in the Ethereum world, but it is still a sign that there are real users behind Solana who are actually using the platform and the services built on it. From dex, decentralized exchanges, to systems for NFT, credit and loans: Solana is already a rich, functioning ecosystem that is also used for professional services. And the battle between tier 1, i.e. between networks offering full infrastructure, also and above all depends on whether there are users who use the services and invest their capital.