- Solana will undergo continuous upgrades and will transition from a ‘beta’ version to a ‘final’ version.
- Market watchers have various price targets ranging from $500 to $1,000.
April 15th, Solana (SUN) A patch has been deployed to alleviate congestion issues. Interestingly, this patch is part of the validator schedule planned to transition the mainnet network “beta” to the “final” version.
The next release (v2.0) of the Agave validator client along with other improvements is expected around July 1.
Validators keep track of everything on Solana and verify (“vote”) blocks to ensure network security.
Asked when Solana would effectively move out of its “beta” version, co-founder Anatoly Yakavenko said: responded;
“You all can stop calling yourself beta at any time. In my opinion, the best time is when the Firedancer full node runs on mainnet. This eliminates every single point of failure.”
Agave is currently the dominant validator client on the Solana mainnet. This is similar to the Geth client. Ethereum (ETH) ecosystem.
Similar to the various validator clients on Ethereum, Firedancer will be another option for Solana for validator clients to minimize single points of failure.
How are upgrades priced at Solana?
Solana’s meme activity has sent the value of SOL skyrocketing since the last quarter. Can you repeat this? Most probably.
There was a huge decline over the weekend. Dog We Pot (WIF)One Solana alum led the recovery, up 31% on April 14. Therefore, a solid recovery could push meme coins higher, leading to outflows to Solana.
BitMEX founder Arthur Hayes also expressed optimism about Solana after the recent rebound from the weekend crash. that decided;
“That was the dip. Now we are torn apart. What are we buying as we rebound, family?”
However, anonymous cryptocurrency influencers AnsemIt was very bullish, hitting $1000 per SOL by the end of the current bull cycle.
“I’m fairly confident that if we can continue with this transaction, we won’t need another transaction for the rest of the cycle.”
Interestingly, Galaxy Digital’s Mike Novogratz assert If things are right, SOL could only reach half of Ansem’s projection ($500).
“Can Solana go to $300, $400, $500? Of course it could be so. For that to happen, a lot of things have to go right. But it certainly could be.”
It’s worth noting that Galaxy purchased a significant portion of FTX Solana’s holdings at a discount.
But it’s unclear whether Novogratz’s statement that “a lot of things need to go right” referred to Solana’s network upgrades. Nonetheless, if market conditions favor SOL, an upgrade may be priced.
Meanwhile, SOL was trading at $152 and down 15% in the past week. However, $130 remains an important support level if the bulls move forward in the near term.