Solana Price Prediction – SOL Sees Huge Drops, Why IMPT Is the Best Green Option for 2023

The SOL currency issued by Solana has dropped by 9% compared to last month since the company’s network suffered another severe outage. In addition, one of the loan methods was the target of a breach of 100 million dollars.

Consequently, 63% of the people who participated in the expert panel no longer had full faith in the blockchain. The negative trend SOL is now experiencing is consistent with the long-term downward cycle that SOL appears to be engaged in.

Why has the value of SOL coins dropped recently? Will the SOL token survive? Here we look at the latest advances and the best eco-friendly options such as IMPT, Dash 2 Trade (D2T), Calvaria (RIA) and Tamadoge (TAMA).

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Solana Price drop

SOL has had a lot of problems lately due to a big hack on a lending protocol built on Solana. An attacker stole $100 million from DeFi platform Mango Markets, and they are now holding it hostage until the protocol pays off the outstanding debt.

Due to the Mango Markets hack, the Total Value Locked (TVL) on the Solana blockchain has decreased significantly. For example, it went from being worth $1.32 billion on October 10 to $862 million three days later.

This announcement comes on the heels of yet another network failure, and it looks like this month will be a challenging one for Ethereum’s biggest rival. Misconfiguration of a node on October 1 caused the network to become unavailable.

Research conducted by Finder and newly audited findings indicated that thirty-three percent of experts on a panel had lost faith in the blockchain due to network disruptions. Another thirty percent of the panel were undecided.

This has turned into disturbing price activity for SOL throughout this month. As of October 27, it was selling at $31.48, down 9% from last month’s price.

On the other hand, things had improved recently, with SOL up 7% over the past week. This came after reports that Tulip and UXD, two protocols that were hacked as part of the Mango Markets attack, had recovered their stolen tokens and were now operational again.
Solana Price Prediction
The Solana price forecast indicates that the entire cryptocurrency sector has significant untapped potential.

Although there have been some worrying technical issues from Team Solana, our Solana price forecasts show that SOL remains an excellent buy and hold investment.

Solana is in a league of its own when it comes to security and scalability due to its groundbreaking proof-of-history consensus mechanism, which is paired with proof-of-stake.

Additionally, as Solana’s user base expands, the network’s size and decentralization will make it more difficult for hackers to breach security and less likely for the blockchain to experience downtime.

Price chart

Are there any good eco-friendly alternatives to Solana?
Although we expect Solana to continue to expand in the coming years, we also expect the road to profitability to be long and incremental.

Because of this, industry experts recommend that we consider investing in specific alternatives to Solana that have much more significant profit potential for the time to come.

1. IMPT

IMPT is a brand new and fascinating cryptocurrency that focuses on the concept of contributing to the reduction of carbon credits.

It is a digital resource that is environmentally friendly and can be used by businesses and people to impact the world by reducing their carbon footprint.

It works because customers buy IMPT tokens and then exchange them for carbon credits. Afterwards, they can tear the carbon credits to get special NFTs (which can be traded on secondary marketplaces).

You can also collect IMPT tokens by purchasing from partner brands on the platform. For example, the platform has formed partnerships with well-known companies such as Apple, Microsoft and Levi’s, among many others.

At this time, one IMPT token can be purchased for $0.023, although this cost is expected to rise as the project steadily progresses to the third phase.

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2. Dash 2 Trade (D2T)

Dash 2 Trade is the latest innovation in cryptocurrency analysis and social trading, and it was built by the seasoned veterans responsible for Learn2Trade.

Dash 2 Trade’s mission is to help its clients improve their trading choices and maximize their earnings by providing them with world-class tools and unmatched market intelligence.

Dash 2 Trade, unlike other cryptocurrency trading platforms, provides more than just chart analysis indicators; it also combines social indicators calculated using real-time data.

Users of the D2T social dashboard will have access to unique social indicators that will help them make more informed choices and keep track of price fluctuations.

In particular, these indicators show whether specific price increases occurred due to the media’s attitude or as a direct result of the growth of real assets.

Users must purchase D2T, which serves as both the native administration and management tool for the platform, in order to access the platform’s unique services.

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3. Calvary (RIA)
The card game known as Calvaria: Duels of Eternity pits players against each other in tournaments using cards that represent another character with their abilities.

To win against other players and collect rewards and upgrades, the player must use complex strategies and approaches.

RIA tokens are the main form of money and are an integral part of the game’s economy. In addition, users can use NFT tokens to purchase in-game resources such as upgrades or unique cards and earn money via gameplay with the eRIA (Earned RIA) token.

In addition, NFT collections will be available, where tokens will give their owners an advantage in the game.

In order to have complete ownership of in-game resources, owners of collectable NFT tokens will have the ability to trade and sell their tokens on external NFT exchanges such as OpenSea, Rarible, etc.

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4. Tamadoge (TAMA)
Tamadoge (TAMA) is an open source smart contract decentralized cryptocurrency platform that is revolutionizing the gaming industry by implementing DeFi protocols.

Tamadoge has the potential to become the next 100x cryptocurrency in 2022, following in the footsteps of previous meme currencies such as Doge and Shiba Inu, which have been beneficial to investors.

The purpose that the project is intended to serve is an important consideration. A P2E metaverse platform is by Tama, the ecosystem’s native currency. Users can earn digital tokens as in-game prizes for their engagement on this platform.

Tama is a localized cryptocurrency that can be used to purchase virtual pets in the form of dog-themed avatars. These dog-themed characters are referred to as Tamadoge. These tokens, constructed as NFTs, have cutting-edge contract elements embedded.

Users who have Tamadoge pets at their disposal are eligible to participate in monthly leaderboard competitions to collect points and the opportunity to earn TAMA from “dogepools” and P2E prize pools.

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The bottom line
Due to cryptocurrency’s potential to radically change the global monetary system, it has a secure future.

Concern about cryptocurrencies’ potential impact on the environment is valid, but cryptos that minimize their impact are safe and can succeed. Moreover, the benefits they provide are many, especially compared to the benefits offered by traditional digital currencies.

Being both efficient and long-lasting, traders can use these cryptos without mining. Because of these advantages, they are the best possible financial investment. By 2023, these cryptocurrencies’ market values ​​and popularity will have increased.