I have not been bullish enough on salana for the first half of this crypto cycle but this year the performance of salana has hugely surprised me with its explosive user adoption Solana truly is taking the crown in bringing blockchain to the mainstream plus there are so many strong catalysts coming up such as the salana ETF and the fire dancer upgrade so in today's video I will explain everything you need to know about the current state of salana we will talk about Solana's speed reliability retail adoption through salana Pay Mobile and blinks and all the salana metrics compared to its competitors make sure to watch till the end as I will give you guys my updated price prediction for salana by the end of this cycle which is now miles away from my Target in 2023 welcome back to the virtual bacon Channel my name is Dennis I'm a crypto angro investor for the past 6 years and I have invested in over 100 crypto startups on this channel I share views on market trends and investing strategy to build wealth in crypto let's start off with the most important updates to salana since 2023 remember in our last video we have covered sana's uptime is it still crashing regularly well the answer was yes in 2022 and maybe in 2023 you can find all of this on Solana's own uptime tracker throughout 2022 salana had four major outages then in 2023 there was only one day of outage in February while the rest of the year was all good and then again in February of 2024 this year there was another outage and so far there hasn't been any sense these performance metrics are very similar to most other blockchains like Avalanche ton polygon or even most of the ethereum layer 2s so for all the salana haters out there no salana is not crashing regularly it is just as reliable as all other blockchains are there today the next most important criteria is decentralization es salana actually centralized today and why do people think it is you see a lot of this centralization talk about salana is because of its token holder base ft X Alam and jump crypto used to hold a large concentration of all the soul tokens but now these have completely been resolved and the FTX bankruptcy estate has completely been sold off so since the token is no longer centralized in a few holders what about the network and its node concentration well today Solana has over 1,500 validators spending across all continents in the world but just because you have a lot of validators doesn't mean all of them can make decisions who are the actual power users in this validator list that can collude together to control the network well that answer is about 20 validators you see here on salana beach it says cumulative stake above forms a super minority which is usually around 33% for most proof of stake blockchains and this means if the top 20 validators all put their stake together they could potentially halt the network and censor the network through collusion now this 20 number is not a problem for salana most other proof of stake blockchains out there have this problem of uh collusion among its top stakers there is a metric specifically aimed to categorize this called Nakamoto coefficient simply put the Nakamoto coefficient is the number of validators in a proof of stake Network that can collude together in order to control more than onethird of all stake on the network or 33.3% and you see on all the top blockchains out there for Solana for example we have 19 Nakamoto coefficient meaning the top 19 validators can coll so if you go by this metric well a lot of the other blockchains out there are actually much more centralized than salana now interestingly though ethereum here it says it's one Nakamoto coefficient this isn't actually accurate according to the official research done by salana Labs the Nakamoto coefficient of ethereum is actually around 20 this is because it takes about 50% of the entire Network's stake in order to control the ethereum network versus the 33% required to control salana so you compare the Nakamoto coefficient of ethereum versus salana they are actually very similar it takes around 20 entities together to control the network now there are two major caveats here number one is that salana is actually a smaller market cap coin versus ethereum this means the 20 validators of their Stakes to collude together actually takes a less amount of capital less amount of money in order to attack the network versus on etherium even though there are the same 20 validators that you need to control it takes a much larger amount of money in order to make them all collude with this point considered it's economically much more difficult to attack ethereum versus to attack Solana the second caveat when talking about decentralization is around staking pools you see on Solana the top 20 validators here are actually all separate they're not a single large staking pools that take up a huge percentage however this is a problem on etherium with pulled staking and liquid staking as you can see on the pie chart breakdown Lido currently controls 29% of all ethereum staking among its validators with some of the other large pools controlling 16% and 12% so if we consider staking pools as single entities that can work all together the actual amount of entities that can collude together to control ethereum becomes very risky take a look at this the number of entities that can take up uh more than 50% of the network stake of ethereum is actually three so if you control Lido coinbase and this unidentified staking pool you effectively control nearly 60% of all ethereum staking this is a big problem that has just been started since ethereum fully transformed to proof of stake and this is a big reason why so many teams are working on decentralizing these staking pools and bringing up more liquid staking providers to solve this problem I think most of these players including Lido don't have the intention to destroy ethereum so I see this problem will be eventually solved but at the current stage it's actually very risky for ethereum and we have to give this point to Solana with its current top 20 validators this is actually a much more healthy staking pool divide versus ethereum okay moving on from decentralization let's talk about some of the performance upgrades of salana how fast is salana today according to research done by Quin gecko with real uh benchmarks from mainnet transactions salana is able to process around 1,000 trans action per second this is actually ranking number one in the entire blockchain industry the trailing second and third place are site at 850 TPS and BSC at 380 now there is one major upgrade that has just been released to salana called ZK compression tldr DK compression is very similar to Proto dang sharding that has just gone live on ethereum it essentially is a protocol upgrade to uh bring the storage of salana transactions to a much cheaper part of the chain storage so C compression aims to store State on cheaper Ledger space instead of the more expensive account space this allows applications to scale to millions of users this storage part is the compression now the TK of this upgrade is used to ensure the Integrity of this compressed State this smaller piece of storage so what does this look like today these are the state cost reductions uh compared to regular salana so there are two types of accounts on salana that's most important to the there are PDA accounts which are accounts that need to be created in order to interact with a salana application and then there are token accounts which all need to be created in every time you buy or sell or hold a new token so you see with the current uh gas fees on salana with a regular salana account every time you interact with a new salana application it takes 0.16 soul and every time you send receive or buy a new token that takes 0.2 soul to create that account using Z compression these numbers are effectively 160 times to 5,000 times cheaper this might not be useful for everyday users to interact with 10 to 50 different tokens but for a developer this is a huge difference imagine this scenario if we are minting 10K token accounts to 10K people for airdrops using regular Solana token accounts that takes $60000 uh with Solana trading at $130 with ZK compression that only takes 50 CS this is a huge difference and removes much of the barrier for developers essentially you don't need any startup Capital to airdrop 10,000 tokens to 10,000 holders and what's super cool about this is that the DK part of this doesn't live on a separate layer or a layer two instead the co-founder of salana Anatoli also have replied to uh questions before saying that there will be no fragmented liquidity or bridging involved in order to use CK compression this is actually a big upgrade grade that I'm very excited about which will open up a lot more uh usability especially developer activity for salana now going back to the performance of salana versus other chains not only is the transaction per second numbers very impressive but also the adoption numbers is absolutely exploding let's take a look at a few examples here of salana versus for example ethereum so the number of active addresses on the ethereum network per month is averaging around 10 to 15 million active addresses per month when looking at salana even though they were trailing behind ethereum in 2023 at around 7 to 8 million active addresses per month this number has completely exploded since the beginning of this year going to 20 million then now reaching almost over 40 million active addresses so there are twice as many different addresses that are active trading and using salana blockchain every day twice as much versus ethereum here's another more in-depth chart uh comparing daily active addresses and the trends between them and this chart tells a similar story so you see in the summer of 2023 Solana was showing a little bit less daily active users than ethereum but since the beginning of 2024 this number has continue to go up so the daily active user count is continuing to increase now there are a few other interesting metrics to note number one the daily number of transactions on Solana is actually almost 15 times more than that of ethereum however however at the same time the total value locked or the amount of money that is currently deployed on the Chain as defi is actually Less on salana than on ethereum think about why that is and lastly The decentralized Exchange trading volume tells a huge story so you see in 2023 ethereum used to trade around $1 billion of uh daily trading volume on dexus while salana has about 50 million on average but by the beginning of 2024 this number has pretty much flattened out for both salon and ethereum which both trade around1 to$ 1.5 billion on average per day so why are these numbers so different why is salana leading in some while ethereum is leading in others this is because the use case of salana and ethereum is clearly being separated so ethereum today is really the defi heavy chain for whales for large institutional buyers and for people that are parking a huge amount of money on ethereum for a longer period of time for passive income this is why the toal value locked on ethereum is still much greater than that of salana about 15 times greater however looking at the daily active addresses and the daily number of transactions this tells me that salana is actually capturing a huge amount of retail audience much more than that of ethereum you might have been seeing this among retail friends that just got into crypto this year most of them are onboarding into crypto through actually Phantom wallet on their smartphones very few of them are actually using metam Mas mobile or uh trust wallet or even binance for all that matters this will also explain why the decentralized exchange trading volumes are actually much similar for the two chains on ethereum there are a much smaller number of active addresses Holding On average a larger amount of money for a longer period of time but their individual trading volume per trade is greater however on salana there are a much bigger number of people using the chain with their uh average transaction numbers or amount actually being small smaller but on average these two numbers match out to be about the same for total volume across the two chains so tldr etherum is kind of the whales defi chain while salana is the go-to retail chain for things like mecoin trading I know some people will give salana flak just because they focus on these uh small individual retail traders that are trading 100 bucks in meme coins but isn't this the retail adoption we always look forward to so keep that in mind before you start to hate on the chain now how is salana actually able to achieve such a drastic increase in retail adoption there are two major points that I have already seen early signs of last year namely these are the salana mobile initiative and salana Pay salana Mobile has been liveed for about 2 years now it's a full App Store supporting all the salana decentralized applications in a mobile first environment mobile first is what truly matters here it's the reason why so many new crypto users when introduced uh to crypto by their friends they first download the Phantom wallet instead of metamask or even coinbase quoting anatol again the co-founder of Solana Solana mobile is more important than ever if you want the Dual poly to be open to this kind of ux for any blockchain a third mobile app store ecosystem needs to be eating their lunch so the user experience on mobile is what they focus on first and then we have salana pay which is a micro payment solution using not only the Sal token but also usdc usdt and other stable coins on the Solana blockchain this has already been integrated with Shopify for over a year and much more recently they have announced a lot of upgrades to this introducing salana actions and blockchain links or blinks so salana blinks is the next iteration of salana pay which is aimed to connect uh salana based payments to web two social media websites and all Web Two environments such as chats or any discords or uh forums out there so recently there has been a lot of hype around this uh with headlines quoting salana introduces blinks which can bring blockchain entirely to the web TW space with no friction now I think there is a large caveat to be said about this so what is salana blinks very simply they are these embeds that you can as send to anyone on supported websites such as on x.com or Twitter so for example here this is a link that I sent directly from radium to my Twitter and anyone that's viewing my tweets on this exact same tweet can see this interface I didn't code this decentralized application in the link uh I said that okay anyone that sees this link and has a Solana wallet enabled can directly make this transaction on Twitter instead of going to the website The decentralized Exchange radium so here you see if I click uh buy one so my Phantom wallet will directly open up prompting me to enter password and execute this transaction so with blinks people can not only uh trade tokens but also for example post an nft from a Marketplace for them to directly buy it on Twitter or request some payment or request any uh governance Vote or some charity donation Etc and there are quite a few more cases that you can use this with not only with a link ined but you can also do this with a QR code with push notification with a messaging app Etc now a big problem I have with these headlines is that Solana blinks doesn't actually solve the problem of onboarding people to Solana you see in order for anyone to view this links on my Twitter account right now you need to have a phantom wallet or a backpack wallet already installed if you don't have a salana wallet yet you will not see this instead you will see a regular link that links you to radium and radium still has to teach you how to install a solono wallet and buy some soul so blinks is not so much bringing blockchain to the web2 space but more of a product to improve the transaction experience of existing Solana users what I really want to see in the the future for blinks is to integrate with Fiat onoff Rams and smart wallet providers directly similar to coinbase what they're doing with their smart wallets so if the next iteration of blinks can show this interface for everyone no matter if they have a Solano wallet or not and show them a different interface for example if I have a Solano wallet like Phantom already installed it will tell me to directly swap but if I don't have a wallet installed it will teach me uh with one click or even better yet if it removes the seed phrase and all that complexity Al together and just lets me log in with email password through a smart wallet by integrating with a third party exchange that would be much smoother with that kind of a workflow that is truly a embed that I can send to anyone no matter their experience with salana or blockchain at all they don't need a wallet they don't need anything and if I just want them to buy my nft or my meme coin I send them a link and I don't have to worry about anything any onboarding they will be able to do it with just their email and their credit card honestly this is the endgame of salana in my eyes completely removing the onboarding flow from traditional web 2 to web 3 so blinks is probably the first direction that they want to take but I expect much more to come for this kind of interface okay shifting gears now let's talk about the upcoming catalysts for Solana in this year and next year so number one is the fire denser upgrade coming to salana and a lot of people have been expecting this to drop this year what is fire dancer exactly a lot of people are calling fire dancer salana 2.0 that is much more scalable a huge upgrade but this is actually a big myth you see fire dancer is actually a validator client or a new piece of software that current Salon validators can choose to use this is not a change in the core salana protocol there is no hard fork or even soft Fork required to adopt fire dancer putting aside the performance upgrades the main reason why fire dancer was started is actually because salana has a validator health problem you see even though salana is decently decentralized with the number of validators that control the stake there is actually a decentralization problem in Solana's software clients you see currently there are only two software clients that salana validators can run there is one version written by salana labs and another version written by GTO and all Salon validators run these two pieces of software they choose to run one or the other today 68% of them run the salana labs version and 31% of them run the GTO version why is this a problem well you see salana Labs uh validator client and the GTO validator client are both written in Rust programming language this means a lot of the dependencies will be the same among the two software so imagine if there was suddenly a software bug in the rust coding language or some libraries that the two software share well all of a sudden all the clients go offline and you don't have any backup software that is independent from the current technology stack this is a problem that only ethereum is able to address very effectively today so client diversity is heavily talked about in the ethereum community it's really important in order to bring smoother uh Network performance and protect it against bugs a resilience to software attacks and shared responsibility Etc and you see on ethereum there is very healthy client uh diversity so there is the get client there there's nethermind there's Bess Aragon re cor corth Etc so the top four ethereum clients make up about 98% of all validators but all four of these clients are written independently in different coding languages and different technology Stacks so even if one of the technology Stacks is completely attacked or a huge vulnerability is discovered people can just switch over to other node clients and ethereum can just keep running so the chances of the same bug being implemented in all four of these different clients with different programming languages across different development teams is nearly zero this is why the ethereum software is super uh resilient to bugs so in the case of salana currently it is heavily dependent on Rust and heavily dependent on these two development teams salana labs and GTO and if a critical bug is discovered in Rust while salana will have a huge problem all of a sudden this is why fire dancer and other clients are even being developed in the first place so fire dancer aims to bring enhanced reliability and uh bring more failure points and more options in terms of software the fire dancer software is written from the ground up using C and C++ programming languages with completely different Li libraries and Technologies versus the rust and the current salana clients now while the teams are building this new client for salana why not make it super cool and super efficient in processing and that's the salana 2.0 part that people are super excited about but it's actually a tertiary part of this upgrade so the new salana node client which is the fire dancer software is able to bring much more concurrent transaction processing so faster Lanes of processing new transactions and sharding support which was previously not available on salana and apparently they will have better P2P communication and more reliable network connectivity which will hopefully uh solve the even one time per year downtime of salana okay so theoretically what is the maximum transaction per second that fire dancer can help Solana achieve well apparently with fire dancer on testnet they were able to Benchmark 1 million transactions per second keep in mind this is a testnet environment that's ideal using just one machine the current salono Network on tesn is also able to Benchmark 65,000 transactions per second already even though the main net transaction uh in real numbers after real transactions is actually around 1 to 2,000 so this is why don't get your hopes up that salana will all of a sudden bring 1 million transactions per second we will probably still expect less than 10,000 transactions per second once fire dancer goes to mainnet but only 10,000 transactions per second that's already much faster than everything else in the industry so to summarize while everyone gets super excited about the performance upgrades of fire fire dancer I also think it's super important to highlight the reliability improvements by introducing a new client to salana and decline diversity which will introduce a much more decentralized version of salana that has multiple versions of different software that can all run the same network this is actually much more important for the long-term potential of salana versus some short-term you know TPS numbers that shows a million per second so fire dancer is expected to go to testnet this summer and maybe main net by the end of the year watch out for their announcement during the salana breakpoint event in September this year the other major upcoming Catalyst for salana is with the salana ETFs so first of all the Canadian version of Solana's ETF called the ETP from 3 IQ has already been announced and most people expect this to be approved at least in Canada this year however it's very important to point out that the Canadian version of a crypto ETF is actually very different from the American versions for a few reasons number one the Canadian regulations are much more lenient uh the Bitcoin ETFs in Canada for example started trading way back in 2021 a whole 3 years ahead of Bitcoin ETFs in the US the Canadian financial markets is also a tiny Market compared to the size of the US Wall Street and last but not least even the 3 IQ version of this uh Solana ETF is actually not a full ETF it's actually a ETP called the salana fund so similar to the Bitcoin fund and The Ether fund introduced by 3rq these are actually closed end funds that have only uh money going in but do not have Redemption processes these are very different from ETFs which can keep track of the daily price movements of the real assets by keeping redemptions always open so the close-end version of this Salon fund is very similar to the grayscale Bitcoin trust versus the Bitcoin ETFs that we have just seen this year nonetheless the falling in Canada is a good sign especially considering this is the first case in North America Now what's much more impressive is the actual Solana ETF filings in the US markets from a few of the large players already including vck 21 shares grayscale and Wisdom Tree however I do think there are a few big reasons for us to be cautious about this versus the Bitcoin and ethereum ETFs that are for sure coming number one black rock is not in this mix remember all of these ETF filings are not new in the last two years even the Bitcoin ETF has been filed as early as 2013 by the winas TNS and thenc 21 shares and all these firms have been denied multiple times before Black Rock finally stepped in and this push the uh Regulators over the edge and the Bitcoin ETFs got approved number two is that there are currently no existing Solana Futures Trading on any of the traditional markets in the US such as CME or CBOE this is very different to bitcoin and ethereum because the CME Group has already been trading Bitcoin and ethereum futures for multiple years so because they already have passed these Futures products it was much easier to argue that the spot ETFs were very similar to these products and should be approved number three reason is that salana is not viewed as a commodity in the SEC and The cftc's Regulators eyes versus Bitcoin and ethereum even ethereum has gone through multiple years of uh this classification of a lot of times being called a commodity from the cftc and many other judges out there for the case of salana however they are still under heavy question remember just last year the SEC sued binance and coinbase for offering unregistered security trading and one of these Securities that were unregistered is the salon token and just this March coinbase actually had to step back against the SEC in this lawsuit their motion to dismiss the SEC lawsuit was actually ruled against them so the SEC is going ahead pursuing them and classifying potentially many coins as security this is still ongoing and last but not least the chances of a salana ETF getting approved is heavily reliant on Administration change in the White House and the SEC again usually new crypto ETFs go through years of denials and reilings and the SEC has to uh take many battles even taking them to court in order to classify even one new asset as either a security or a commodity just look at what they did with Bitcoin and then ethereum and then a little bit with xrp Bloomberg analyst James art is actually one of the top experts in predicting the timeline and the percentage chance of approval for all these cryptocurrency ETFs and he actually thinks that the salana ETF fallings from venex is a more like a options bet on the uh elections outcome specifically it's like a call option on Trump winning the election after releasing this piece venex head of digital assets Matthew seagull actually confirmed this and saying uh the salana ETF following maybe the best bet that Trump can win so what does this mean essentially if Trump doesn't win all bets are likely off and these salana ETFs probably won't get approved it will have to go through many uh trials and tribulations and a few cycles of denials before they can come but if Trump does win and Gary Gensler is replaced from the SEC then chances are this might get approved this cycle and potentially next year this actually matches up to vanex fallings perfectly so you see here usually the uh ETF fallings from these cryptocurrencies takes the maximum 240-day deadline before the SEC responds so if vanck were to file their 19 b-4 for the salon ETF today which will Kickstart the uh deadline Countdown the deadline would then become February 25th 2025 which will be just one month after the election results and potentially Trump coming into Administration then going back to the probability estimates on poly Market right now about 64% of bets are placed on Donald Trump winning the 2024 presidential election no matter if you like or hate Trump this is actually a very important metric for us to uh keep in mind and to keep an eye on in order to gauge uh Believe It or Not How likely the salana ETF will get approved next year so assuming that if Joe Biden wins the election this year then the salon ETF will likely not get approved then if Trump gets voted in I would like to think that there is is about a 60% chance on top of that for the salana ETF to get approved remember there was around 75% chance for the ethereum ETF to get approved and about a 90% chance for the Bitcoin ETF so I think 60 is about a high range already so taking 60% times that by 64% that gives us around a 40% chance overall that the salana ETF gets approved that is my current estimate percentage now obviously again we need to keep an eye closely on the presidential election results if Donald Trump gets voted in then the chance for the salana ETF to get approved all of a sudden jumps to 60% but if Donald Trump loses then the chances drop to near zero is my logic clear there hopefully this makes sense to you and just the last little bit when can the salon ETF actually get approved well the earliest deadline right now is February 2025 specifically the end of February so uh by the time you're watching this video the deadline should already be extended towards March of next year assuming that vck hasn't filed their 19 b-4 forms yet so tldr don't get your hopes up there's only about a 40% chance I'd give salana ETF to get approved before March of uh 20125 we need to keep a close watch on the presidential election results and whether if the SEC changes uh leadership and replaces Gary kensler okay finally let's get to my salana price prediction by the end of this B run in my last video in October of last year I gave a a price target of salana at around $250 or around the previous all-time high by the end of 2025 now my current targets is actually much higher given how far salana has come but I'll be using very similar projection metrics which will include salana Supply which will get into uh the market cap Target which we can calculate using the total market cap of all cryptocurrencies times that by the salana market dominance so there are a few numbers we need to get down first number one we need to know what the total supply of salana will be by the end of 2025 so the current supply of salana is 579 million and salana has about a 5.2% annnual inflation rate right now so from now until the end of 2025 that is around 1 and a half years so take 5.2 times that by 1.5 that gives us right around 8% of inflation so we can take 57 9 million times that by 1.08 that gives us 625 million tokens by the end of 2025 this is the tokal supply after inflation okay then we need to figure out our market cap Target for salana let's start this with my base case for the entire crypto Market by the end of this bull run so my projection for the price of Bitcoin is right around $250,000 on average uh by let's say end of 2025 and according to bitcoin's mining schedule the supply of Bitcoin will go to around 19,950 th000 coins so timing those two numbers gives us right around 5 trillion market cap for Bitcoin by the end of this uh cycle for the sake of this video Let's assume Bitcoin will remain at its current dominance levels this is one big caveat that very few people can actually get right will Bitcoin lose a lot of market share or take up a lot more market share I don't think anyone is able to answer this so let's just take the average in the past one year or so around 50% which means with a $5 trillion market cap for Bitcoin the total market cap of all cryptocurrency should be 10 trillion very simple 5 trillion divided 50% equals 10 trillion okay then let's look at the salana market cap dominance you see salana has been rising in dominance against the entire crypto space this year and we know the reason why after looking at all the metrics Solana's daily active users the transaction volume all the metrics have been going up and this is why it has risen from 0.75% all the way up to 3% dominance on the market for the sake of this video again for my base case let's just assume that Solana will remain at the current dominance level it wouldn't even grow anymore and take up a larger market share I think this is super conservative already so 3% market dominance of salana times that by the total market cap of all the crypto Market which is 10 trillion that gives us $300 billion in market cap so essentially this is my average case estimate for Solana's market cap to reach by the end of this bull run 300 billion market cap now taking 300 billion and we divide that by our previous total Supply uh projection by the end of 2025 that gives us the price of salana as a target of $479 there you go this is my basically average expected return for salana by the end of 2025 I expected to reach right around $480 now previously you guys know I used this exact same uh projection metrics to come to around a $240 to $250 uh projection because I expected Solana's market dominance to remain a lot lower somewhere around 1.5% with a total market cap of 10 trillion do for the entire space but I have already been proven wrong so the these numbers are actually adjusted way up now can salana reach a much higher number the answer is absolutely yes I think it's quite unquestionable for the total cryptocurrency market cap to reach 10 trillion within the next 3 years now the main question here is how big of the total market cap can salana actually take up well looking at this uh Solana dominance of total market cap chart you see this is actually showing a clear breakout Above This 2.75% level so assuming this level can hold we wouldn't be surprised to see Solana Trend much higher maybe even towards that 5% level as a whole level by the end of this bull run so even if Solana just reaches 5% market dominance that is a huge Improvement so let's look at some potential moon maath for salana if this happens so again taking 10 trillion times that by 0.05 or 5% and then divided that by the total supply of salana by end of 2025 that gives us $799 per salana $800 per salana coin by the end of this cycle on the highend estimates assuming Salon takes up 5% of the total market share does that sound like a lot well the the number sounds like a lot but when you consider how fast salana has grown 5% of the total cryptocurrency market cap really doesn't seem like much just look at how much is happening on salana today with all the meme coins all the Integrations and the growth of salana across all the entire Space versus all the chain competitors Solana is even catching up versus ethereum now with total uh decentralized exchange trading volume that is a number I never thought I would see happen but it is happening as we speak so I have to adjust my targets when the numbers say otherwise so this is why I'm actually turning much more bullish on salana with this new estimate this year so tldr my bare bare minimum estimate for salana Still Remains at around that $240 Mark the previous alltime high this is the absolute minimum I expect salana to reach my expected return for salana by the end of 2025 is around $480 this is 3% dominance just like right now assuming salana doesn't even grow and the total cryptocurrency Market just grows and my highend expectation for salana is at $800 assuming salana grows from 3% market dominance to 5% market dominance which is not that big of a ask okay there you have it these are all of the most important things you need to know across the entire Solana ecosystem we talked about Solana's actual performance its downtime its decentralization efforts and corrected a lot of the myths around Solana being centralized it really is not centralized anymore and it really has top-of-the-line performance versus all other proof of stake blockchains out there Solana's transaction count its daily active users is actually even catching up to that of ethereum very very impressive and much of the salana technology upgrades that's been shipped this year including ckck impression salana Pay salana Mobile and blinks are actually very impressive fire denser is not exactly a salana 2.0 performance upgrade but more of a decentralization and smooth client reliability upgrade which is just important the salana ETFs don't get your hopes up too much look at what happens in the presidential elections this year and the SEC in order to judge it more clearly and at least expect it to happen by mid next year and last but not least salana updated price prediction from your truly I hope these numbers make sense to you with the same uh methodology that I have used in our last salana video let me know down in the comments if my predictions for salana are bullish or bearish if you found this research on Solana helpful make sure to share it with a friend I'm getting much more convinced on Solana's future after doing this research and this is why I have allocated a significant portion of my portfolio in salana so if you're interested to learn my entire updated crypto portfolio make sure to subscribe to the channel and turn on notifications because the next video I will be dropping is my updated complete portfolio lastly you should definitely follow me on Twitter at virtual bacon 0x this is where I drop my day-to-day Alpha as I'm doing research for these videos I also also talk about a lot more Dent stuff such as meme coin calls uh airdrops new token launches Etc so a lot of stuff that you cannot really find on my YouTube and while you're at it make sure to join our Discord with the link in my bio or go to discord.gg Virtual bacon we have our free VIP program where I post daily alerts um again a lot more calls that are just Curative for our Insider Community thank you guys for watching and I will see you on the next video