Solana’s native token, SOL, has fallen 9% in two days after reaching $161.80 on September 29. This decline parallels the altcoin’s market capitalization falling from $800 billion to $739 billion. However, usage of the Solana network has increased in the last week, raising questions about whether SOL has the potential to outpace its competitors.

SOL, which has increased 10.4% in the last 30 days, ranks fourth in market capitalization and third in total value locked (TVL). Low transaction fees and high scalability set Solana apart from rivals like Ethereum and BNB Chain.

Experienced asset managers like VanEck predict that SOL’s price could rise 120% from current levels. In addition, developments like Gameshift, backed by Solana Labs, and the new Solana-powered smartphone Seeker could increase demand for the network.

In conclusion, the increased activity on the Solana network indicates that SOL’s price has the potential to outperform the altcoin market. Do you think SOL can fulfill this potential? We are waiting for your comments.