SOL Price Predicted to Reach $250-$350 in Q3 2023
• The Solana blockchain is touted to be the “Ethereum killer” and is expected to hit $250-$350 in Q3 2023.
• In a recent interview, co-founder Raj Gokal expressed optimism for achieving regulatory clarity.
• Vitalik Buterin was disappointed with the SEC targeting projects like Solana and said they don’t deserve it.
Solana’s Impressive Performance Prediction
I asked ChatGPT to predict Solana’s price in Q3 2023, it had an impressive prediction of SOL hitting $250-$350 during the period.
Co-Founder Optimism For Regulatory Clarity
In a recent CNBC interview, Solana [SOL] co-founder Raj Gokal said he is not worried about crypto exchanges such as Robinhood delisting SOL as a tradable asset. He said, “We just want clarity. I think the lack of regulatory clarity has held the industry back for several years, and it seems we’re on the verge of getting that, hopefully from Congress.”
Price Rally Following Ripple Victory
SOL’s price rose nearly 30% following the news of Ripple [XRP] securing a partial victory in its legal battle with the U.S. Securities and Exchange Commission (SEC) on 13 July. But it couldn’t maintain its price rally. The U.S. District Court of the Southern District of New York ruled in its judgement that the sale of Ripple’s XRP tokens on crypto exchanges and though programmatic sales did not constitute investment contracts; hence, it is not a security in this case. But the court also ruled that the institutional sale of the XRP tokens violated federal securities laws. The crypto industry has lapped up the judgement instantly, generating a price rally across tokens.
Solana Labs Co-Founder Agrees With Ethereum Layer 2 Idea
Even as SOL is touted to be the “ Ethereum [ETH] killer,“ Solana Labs co-founder Anatoly Yakovenko seems to be in agreement with the idea of using Ethereum as a layer-2 for the Solana blockchain: „Would it be possible for ethereum to be a @solana L2? Probably more likely than you might think at first glance.“
Vitalik Buterin’s Reaction To SEC Targeting Projects Like Solana
Even Ethereum founder Vitalik Buterin is an admirer of the Solana protocol: „The one comment I’ll make is that I feel bad that @solana and other projects are getting hit in this way.“ He added that they don’t deserve it, suggesting that there should have been better regulations set up beforehand by authorities like SEC or Congress instead of retroactive targeting projects like these after their launch into marketplaces around world .