The Solana team announced the v1.18.15 mainnet upgrade amid an increase in network demand. Will the upgrade help SOL prices move towards $250?.
Solana is gearing up for another mainnet upgrade as validators are asked to upgrade to a new stable release to power the Solana blockchain. Solana’s team is gearing up to curb pressure and congestion on the chain amid the meme coin frenzy and massive demand for platforms on the Solana-based blockchain.
Solana v.18.15 upgrade preparation
The Solana team has recommended the v1.18.15 release for general adoption for mainnet upgrades, according to a Solana Status post on June 10.
The upgrade was planned primarily to address major congestion issues on the network due to the Solana-based memecoins launch. . The Solana team asked to upgrade the maint beta validator to the v1.18.15 release.
The upgrade will contain key changes such as updating the bump version to v1.18.15, a stable release suitable for use on Maint Beta. According to the GitHub release, it adds certificate authority (ca) certificates to the Docker image, bugfix clean_queue to push valid transactions back to the queue, and metrics for threshold failures.
Also, it will integrate scheduler optimization as a worker precompile verification and only create a reduced checklog during the consensus process.Verifiers are asked to update when less than 5% penalty is at stake and report any issues while monitoring nodes. Developers and verifiers are ready for the upgrade as this is a much awaited upgrade and some previous updates have caused problems on the network.
The price of the SOL reached $250
The price of SOL increased by 1% in the last 24 hours, the price is currently trading at $159.62. The 24-hour low and high are $158.83 and $162.92, respectively. However, trading volume has decreased by 20% in the last 24 hours, which indicates lack of interest from traders at the moment.
Solana’s all-time high is $260.06 and analysts believe the price could hit a new ATH in this bull run. In March of this year, SOL hit an all-time high of $210, but the rally fizzled due to a number of factors, including a delay in Fed rate cuts. Traders will have their eyes on $210 again before moving further to $250.