The collapse of FTX in 2022 had a significant impact on Solana due to the close relationship between the two entities. FTX and its founder, Sam Bankman-Fried, were big proponents and users of the Solana network, which led to a drop in the value and trust in Solana when FTX collapsed.

Key Factors in Solana’s Collapse and Recovery:

Initial Impact:

  • Relationship with FTX: FTX was one of the largest cryptocurrency exchanges and had a strong connection with Solana. When FTX collapsed, many investors lost confidence in Solana, leading to a significant drop in its price.

  • Loss of Trust: The FTX crash created a wave of distrust in the cryptocurrency market in general, affecting many other cryptocurrencies, including Solana.

Recovery:

  • Innovation and Development: Despite the crash, the Solana team continued to work on technological improvements and expanding its ecosystem. This included launching new decentralized applications (dApps) and DeFi projects.

  • Active Community: The Solana community remained active and engaged, helping to maintain interest and adoption of the platform.

  • Partnerships and Collaborations: Solana established new partnerships and collaborations that helped restore confidence in its technology and potential.

  • Market Resilience: Over time, the cryptocurrency market showed resilience and began to recover, which also benefited Solana.

Results:

  • Increase in Value: Solana has seen a significant increase in value and adoption, once again becoming one of the leading blockchains for Web3.

  • Ecosystem Expansion: The platform has continued to expand, attracting more developers and users.

Solana has proven to be a resilient and adaptable platform, capable of recovering from major challenges and continuing to innovate in the cryptocurrency space.

Price Predictions:

According to some predictions, Solana could reach prices between $180 and $200 if the bullish momentum continues.

In the long term, some analysts predict that Solana could reach prices as high as $813.57 by 20302.

Hypothetical Example:

If Solana currently has a market cap of $50 billion and $10 million is invested, this would represent a 0.02% increase in market cap. While this is a simplification, it gives you an idea of ​​how a large investment could influence the price.$SOL