Solana Price Might Hit $50 If The Market Remains Bearish For Next 30 Days

Bitgert (BRISE) is among the coin the crypto analysts say will give Solana a tough time.

Key Points:

Solana has gone down 69% for the past 6 months

Bitgert BRC20 blockchain has surpassed Solana chain speed

Fast-growing Bitgert ecosystem to slow Solana recovery

Solana has been on a free fall for the past 6 months. Despite the market breathers in between this period, the Solana coin plunged by 69% from the $258 ATH reached in early November 2021. Now trading at $78, after losing 34% in the past 30 days ago, there is all indication that Solana might plunge even further if the bearish condition persists.

Crypto analysts say that Solana might drop to $50 in the next 30 days if the market remains bearish. This is based on the performance that the Solana coin has shown over the past few months. What's even discouraging is that the chances of the Solana rising are very minimal if the market remains bearish plus other factors affecting the SOL price.

The biggest challenge that Solana has to overcome, even with the bearish market gone, is the tough competition. There are many projects that might slow the Solana recovery even during the coming bull run. These are crypto projects that have the potential to outperform Solana in the industry.

Bitgert (BRISE) is among the coin the crypto analysts say will give Solana a tough time. Bitgert is not just the fastest blockchain ecosystem today but has the first blockchain that outperformed Solana speed. The biggest feature that sold Solana to mass adoption is the fastest chain. Now, this has been taken by Bitgert. That's why Bitgert is the most adopted blockchain today.

Bitgert BRC20 blockchain has 100k TPS and has the lowest gas fee in the industry. That's why users are joining in thousands to enjoy Bitgert's $0.0000000000001 gas fee for every transaction. With the Solana chain speed overtaken by Bitgert, the Solana price performance might be dismal.

Bitgert ecosystem growth might surpass Solana if the Bitgert roadmap V2 products are built quickly as planned. The Bitgert Startup Studio 1000+ projects will also grow the Bitgert ecosystem faster than Solana. Therefore, Bitgert will greatly affect Solana's recovery.

In conclusion, Solana might reach $50 in the next 30 days if the bearish market persists. But Bitgert and other projects competing with Solana might make its recovery rough. Bitgert has already surpassed Solana chain performance and has a faster-growing ecosystem.

Disclaimer: The information provided in this article is solely the author's opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.