Will the Update That Will Boost Solana's (SOL) Speed by 100 Times Also Send Its Price Soaring? Analyst Responds, Reveals Price Expectations for September and th...

Solana (SOL), one of the cryptocurrency sector’s largest altcoins, is preparing to implement the Alpenglow upgrade, a proposal that will reduce transaction finality on the network from almost 12 seconds to 150 milliseconds. The Alpenglow upgrade has already received over 99% validator support, according to data from Staking Facilities. If the upgrade is implemented as intended, it will provide a hundredfold speed increase for Solana. While this upgrade and the innovations it brings are expected to have a positive impact on the Solana price, MEXC Research chief analyst Shawn Young shared his price predictions for SOL. Speaking to Decrypt, Shawn Young noted that the Alpenglow upgrade, along with possible ETF approval and increased institutional adoption, could be positive for Solana’s price. Young predicted that, given all these factors, SOL could reach $215 in September and $250 by the end of the year. “This leap in transaction speed on the Solana network not only puts Solana ahead of competing layer 1 blockchains like SUI, but also makes it faster than a standard web search response time. Another factor supporting Solana's rise is the potential for near-term approval of SOL ETFs. In addition, companies currently have more than $1.7 billion worth of SOL in their treasuries. All these factors combined could push the SOL price to $215 before the end of September and as high as $250 before the end of the fourth quarter.” Finally, the analyst added that the SOL price may experience a correction in the short term, but his targets are likely to be achieved. *This is not investment advice. Continue Reading: Will the Update That Will Boost Solana's (SOL) Speed by 100 Times Also Send Its Price Soaring? Analyst Responds, Reveals Price Expectations for September and the End of the Year!