Is Solana worth buying? Forecasts for 2023

January proved to be a shock month for SOL cryptocurrency, which offers the high-performance Solana Tier 1 blockchain protocol. As of today, the value of the token is up 145%, and remains at $23.75. That's not bad, compared to December's price of $8.0 per token.

December was not a good month for Solana. Despite the fact that the situation has now changed for the better, traders are still not very optimistic about the token. In fact, the cryptocurrency exchange FTX, which closed in month 11, was a major contributor to the Solana ecosystem. There are doubts that such a connection could ensure the demise of the enterprise and its cryptocurrency.
Nevertheless, Solana has a dispersed ecosystem of help. And even after the collapse of FTX, the enterprise remains viable and has no intention of lowering its price.
This, combined with the fast-moving rise of the cryptocurrency market, in which bitcoin was again lucky enough to avoid a decisive fall, makes Solana's prospects very high. Their ecosystem is perfectly responsive to the market's impact.

Solana's financial analysis yields good results

The SOL token is currently illustrating an upward trend. This means that the market analysis will soon give positive results.

The SOL/USD pair has not yet been able to reach a sustainable level of $26.00. However, it looks like the increasing interest in acquiring tokens will push the resistance path upward in the near future. A breakout above $26.00 could open the door for a quick rally, and accordingly, new performance could climb to $30.00.

Cryptocurrency brokers anticipate Solan

According to TradingView's leading cryptocurrency analyst nicknamed Richbust9, traders should consider buying before SOL reaches $26.00. According to the expert, a profitable time to buy is between $20 and $26.
The expert predicts that SOL can surpass its personal achievement in the near future. However, he notes that Solan has three major hurdles to overcome. These, the $40 area, the $80 area and the final stage of the $100 area.
These are difficult points because of external government pressure on cryptocurrencies and rising inflation.
Cryptonews.com expert Jonah Ishige, believes that despite the failure of cryptocurrency exchange FTX, Solana still has a complicit merchant environment and app ecosystem, in addition to smart contract tokens that will help it fully reveal its capabilities.
Likewise, Ishige said that frequent network outages appear to be fully resolved after a planned rebuild by Q3 2023, adding that four months have passed since Solana's extreme outage.
Expert Vitalik Buterin also endorsed the Solana community.
Oh argues that Solana has a pretty good design company and that blockchain has a good future because it is no longer tainted by fake currency names.

Is it a bad time to acquire Solana?

It must be said that it is not. The first step is to calculate the profitability of acquiring the token and qualitatively analyze the long-term price forecast.
When a broker predicts that SOL will significantly increase in value in 2023, then investing in it would be an excellent intention. In another scenario, the opposite can be assumed.