Cryptocurrency community predicts significant growth of Solana cryptocurrency in October

Members of the cryptocurrency community have predicted Solana (SOL) will see a significant increase in value in October, with CoinMarketCap users saying that SOL will rise by 13%.

According to the survey, 1500 members of the crypto community believe that in October Solana will trade for $ 38.17, which is 13% higher than the cryptocurrency’s value at the time of writing — $ 33.98. It’s worth noting that users' predictions for the SOL price at the end of 2022 are about the same. The majority voted for $ 38.8 at the end of December (15% higher than the current price).

Interestingly, the Solana blockchain managed to overtake Ethereum in terms of the number of active users. Researchers have found that in the second quarter of 2022, the average daily number of transactions on Solana was 40 million, while on Ethereum, this figure was 1 million per day. The surge in Solana address transaction activity is attributed to spring volatility and an increase in trading volume on decentralized exchange (DEX) platforms such as Mango Markets and Serum.

Also in early September, cryptocurrency analyst Cantering Clarke called Solana the main competitor of Ethereum on his Twitter page. According to Clark, SOL «has no plans to rest on its laurels».