Solana (SOL), a competitor to Ethereum Layer-1, exhibited price fluctuations between $60 and $65 this week. Following a 7% decline on Tuesday, SOL has rebounded, now showing a 6.5% increase, trading at $64.28.In a recent podcast with Unchained, Solana Labs co-founder Anatoly Yakovenko discussed FTX’s collapse, shared thoughts on Sam Bankman-Fried, addressed the SEC’s classification of SOL, talked about entrepreneurs leaving the U.S. due to regulatory concerns, analyzed SOL’s position in the stablecoin market, and expressed confidence in finance transitioning to platforms like Solana.Regarding the SEC’s classification, Anatoly clarified that it didn’t implicate Solana Labs, the foundation, or himself, focusing solely on the exchange. He highlighted the need to wait for potential resolutions, suggesting Congress could play a role.Yakovenko disclosed that the Salana Saga phone has sold only 2,200 units. To build a stronger user base, he emphasized the importance of higher sales, hinting at potential initiatives like launching new models, improving applications, and introducing store discounts.
Solana Price December 2023 Projection
Crypto analysts predict that by the close of December 2023, SOL is expected to average around $67.26, with potential price fluctuations between a minimum of $60.63 and a maximum of $73.88.The mid-December outlook appears bullish for SOL, with experts anticipating a surge between 7-11%. Specifically, on December 15, SOL is projected to be trading at $67.88, with the surrounding days likely to see SOL maintaining its position within the same trading range.
