After seeing remarkable growth in 2021, the focus is now on whether Solana (SOL) would be able to repeat and sustain the positive trend that gave investors and traders the reason to cheer in 2021. There is also a growing expectation to see the Solana network experience an increase in use cases and adoption in 2022.
78% Solana (SOL) Price Jump Set For March 2022
Despite the market uncertainty, a CoinMarketCap community with an 85% historical accuracy in terms of the crypto market prediction, has projected a bullish outlook that places the price of Solana (SOL) at $165 by the end of February 2022.
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The prediction is reportedly based on votes by 11,456 members of the community. And the target represents a 77% price jump from current prices.
Another 7,388 community members expect Solana (SOL) to slightly rise to $166 by the end of March 2022, which represents a 78% price increase from current prices.
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Solana (SOL) in the Market
Among the top cryptocurrencies in the market, Solana (SOL) is currently the best performer over the last 24 hours. At the time of press, SOL is trading at $102.37, with a relatively 13% price surge based on 24 hours estimation.
Besides being affected by the general market correction, Solana (SOL) price has also been impacted by negative feedback from the network’s users over the past few days.
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At some point, Solana’s traders and validators launched complaints about failure to execute transactions on the blockchain.
The network suffered reduced performance, resulting in the failure of a number of transactions. However, the issues have since been resolved.
