According to a famous cryptocurrency billionaire, the next Bitcoin should be an altcoin with the potential to process thousands of transactions per second. Sam Bankman-Fried sees the potential to be the next Bitcoin in SOL, as the Solana Blockchain is capable of processing 50,000 transactions per second.
Analysts upbeat on popular altcoin Solana price
Cryptocoin. com
As we reported , Solana price dropped below $200 in the Black Friday crypto bloodbath. However, the altcoin price recovered from the slide and is trading close to $200 at the time of writing. There has been an increase in corporate entry and capital rotation in Solana in the last two months. Influential investors are bullish on Solana and contributing to the rise in altcoin adoption.
In a recent interview with Kitco, Sam Bankman-Fried (SBF) praised Solana for the protocol’s ability to scale to millions of transactions per second. The CEO of FTX said that Solana has made it an integral part of cryptocurrency adoption and the next Bitcoin. Solana’s scalability could help it evolve into the new Ethereum or Bitcoin. That’s why Bankman-Fried says he’s optimistic about Solana, that he has every chance of transforming into these two popular coins.
Meanwhile, the “venturefounder”, a cryptocurrency analyst, believes Solana could rival Ethereum with a surge in institutional adoption. Cryptocurrency analysts at “More Crypto Online” are also optimistic about Solana. Analysts have predicted a price rally to an all-time high at $305 as the altcoin price trend reverses. FXStreet analysts, on the other hand, evaluated the SOL price trend and predicted that Solana could continue a parabolic trend past $230.