Solana Network Struggles with Ongoing Issues: What's Next for SOL Price?
Solana Network Challenges:
Solana (SOL) continues to stand out as one of the top performers in the current crypto bull run, showcasing its strength and outpacing the broader market despite short-term correction.
Network Congestion Issues:
The recent network outages and congestion problems faced by the Solana blockchain are impacting user experience and transaction success rates. Increased network activity, driven by meme coins and decentralized exchanges, is causing challenges for the network.
Price Analysis and Predictions:
Despite ongoing network issues, experts predict a resilient price trajectory for SOL in the short term, with potential for the token to surpass $200 and trade around $230 by April 11. However, prolonged congestion without effective solutions may lead to negative sentiment and price decline.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.