Solana forecasts growth of more than 7% by the end of March

The cryptocurrency market continues to recover despite the crisis in the banking sector, and the growth of the Solana token is no exception. This encourages the cryptocurrency community to bet on further price increases.

According to the forecasts of the CoinMarketCap crypto community, the digital asset of Ukrainian developer Anatoliy Yakovenko will grow by 7.46% from the price at the time of the vote.

Currently, SOL $252.80 Solana -0.58% Market capitalization $120 billion VOL. 24 hours $1.4 billion is up 9.8% over the past day and 21.9% over 7 days. Whether Solana will be able to realize the community’s predictions will largely depend on developments around the ecosystem. Such as the whale movement of a significant amount of SOL to Coinbase and the upcoming migration of the Helium network (HNT) to Solana, as well as events in the world.

Not long ago, Yakovenko denied rumors about the reasons for the technical failure of Solana. According to the developer, the claims that the network outage was caused by a large volume of validator messages and a clogged consensus level in the chain’s voting system are false and unfounded.

According to Solana Foundation representatives on February 27, the root cause of the recent 20-hour network outage is still unclear. This is not the first such incident in Solana’s history. In 2022, the network was also repeatedly slowed down and sometimes stopped.

Another unpleasant event for SOL was the closure of Solana Spaces stores in New York and Miami. At SOL’s offline locations, people could get acquainted with all Solana products, learn more about the token team’s work and the development of future new products. The reason for this decision was the lack of popularity — the stores attracted too few users.