With the price of $SOL fluctuating between $160MIE and $160MIE recently, Solana is proving to be a blue chip altcoin with long term potential. Despite frequent technical issues and reliance on meme coin shenanigans, Solana has sold off into oversold territory. Given its extremely low risk profile, $SOL is a very solid long term investment with 6-7x potential, even more if the promised Firedancer upgrade is as significant as advertised
Fragmentation via L2 scaling does present a risk as it begins to remove the top unique selling point of being an all-in-one native layer scalable blockchain.
