Solana’s 2023 Achievements Shadowed by Unexpected Hurdles

Solana’s 2023 Achievements Shadowed by Unexpected Hurdles

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Factors such as Price surges, tech innovation, and user base growth led to a rise in Solana and challenged Ethereum’s Dominance.
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The SOL coin secures the top 3 position with 90% monthly and 30% weekly price growth.
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Despite achievements, Solana faced challenges relating to network outages and raising reliability concerns in the blockchain space.
The price of the Solana coin surged in 2023 and joined the top blockchains in this price range. Unique technology, a large user base, and sustainable price forecasts drive the growth of Solana. It challenged the dominance of Ethereum in the crypto space.
In 2023, Solana has secured a place among the top 3 Layer 1 blockchains, competing with industry heroes such as Ethereum (ETH) and Binance Chain (BNB). In a month, Solana’s native coin “SOL” has seen a price rise of approximately 90%, and it has grown 30% in a week. The debut of Firedancer, a highly anticipated scaling solution on Sol

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