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FTX CEO: Solana could weather the next bear market


 

Sam Bankman-Fried sees great potential in Solana to replace Ethereum as number 1 in the decentralized financial world. At the same time, the Solana price could soon form a new all-time high.


Sam Bankman-Fried, founder of the FTX cryptocurrency exchange, rates Solana as currently the largest Ethereum competitor in the field of decentralized projects. Above all, the "millions of transactions per second" according to Bankman-Fried should be an important factor for the growth of Solana.


“Yeah, I think that's one of the convincing aspects. It (Solana) has the potential to scale as required by large blockchain projects. And it (Solana) has the potential to host DeFi applications for hundreds of millions to billions of people, with a huge, composable ecosystem. That doesn't have to happen, but it could.


In an interview with Kitco News, Bankman-Fried said that Solana's technological foundations could drive the SOL course higher in the long term. As BeInCrypto already reported , the Solana price could soon climb towards a new all-time high, should the current support level hold.


In order for both the Solana course and the project itself to survive the next bear market, a blockchain project must be scalable, according to Bankman-Fried. Coins carried by the hype are said to be among the biggest losers in the next bear market.


“I think that, in general, the projects that survive best are the ones that have a large, loyal following and that have important use cases. Projects that were driven by hype often crashed the most. "


Hype Solana

According to WalletInvestor's trading AI , Solana is "an excellent long-term (1 year) investment". The Solana price is currently around USD 192, and according to Wallet Investor, the SOL price should rise to USD 720 within the next 12 months. The Solana price forecast for the year 2026 is 2,711 US dollars.


On the Finder's panel of experts , Gavin Smith, General Partner at Panxora Crypto I Hedge Fund, predicted an SOL price of 250 US dollars at the end of the year:


“SOL is one of the few smart contract-based blockchains that has a technical architecture that will make it difficult for Ethereum to compete with it when it comes to transaction speed and transaction costs. For the use of smart contracts - especially in DeFi - these factors are a critical success indicator. "


Keegan Francis, editor of global cryptocurrencies at Finder, is also part of the bullish Solana faction and sees the rest of the market growing with inflation, but " Bitcoin will destroy everything in the long run."


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