Is Solana a safe bet?

Experts seem to have wildly different opinions on the future of Solana and SOL price. Coin Price Forecast has bullish predictions, expecting Solana to have a return of +236% by the end of 2025 . They predict that Solana crypto prices will storm the $360 mark at the beginning of 2023.

“The answer is yes .” Solana’s lack of gas fees and support for thousands of transactions per second make it attractive to portions of the NFT and decentralized finance (DeFi) market that Ethereum struggles to reach. The network serves as a sort of “natural hedge” to owning ether, he added.27 Oca 2022

Cardano is a worthy comparison to Solana because of its uniqueness among other cryptocurrency tokens and coins. The Cardano network features a secured and two-layered architecture that allows processing transactions and deploying smart contracts, thus, harnessing its potential interoperability.

Compared to its competitors like Ethereum and Bitcoin. Despite these profits, it is important to note that Solana is a newcomer in this industry. There are a relatively high amount of risks associated with this investment model. If you have a high appetite for risks, then Solana is your best bet for 2022 .