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Good evening. I hope you're all doing well. I have been gone for many days in the past couple of weeks. I only been around for one or maybe 2 days? I've been busy mostly because the ongoing semester in my university has taken quite a toll on me. I have a disclaimer that I have been negligent in my studies to some extent which is totally on me. But at the same time the courses I have enrolled in were quite hectic. Anyway, that's not what I want to talk about today. I want to talk about Solana. Well recently in the past few days, the ongoing uptrend, it has been performing well. 

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![guerrillabuzz-URTdM8lVSDg-unsplash.jpg](https://files.peakd.com/file/peakd-hive/abrar-fahim/23uEupcCKySDLkUPivbcwdUnSiQrxCgzthu18N2KvBXvUyuoW1jBDYNFRFpaLKinwmPx5.jpg)
[Source](https://unsplash.com/photos/a-close-up-of-a-logo-URTdM8lVSDg)

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But I want to add some background to this. I have seen on Twitter that people are actually going about Solana hitting $1,000 in evaluation now, considering where it is right now at around the high 170s. That is a very tough ask, but at the same time there are some indicators in place that can merit these arguments. And at the same time there are indicators that say it is not true and it won't happen. Now the indicators that are in favor of Solana is the solana spot ETF, that is very important. Solana is also trying to get into the smartphone industry. Possibly rumored to work on an operating system which will have the Solana blockchain at its core which will handle all functionalities in that operating system and different services. Then there was also news about two different companies who are trying to buy a combined billion dollars worth of Solana. One of the companies is led by former owners of the Kraken exchange and the other is sol strategies. If these purchases go through then Solana will also gain a lot of value because of the high demand in the market. There are also rumors of Solana simply copying ethereum one cycle apart. That would mean that in the last bull cycle ethereum broke through into the thousands and since Solana is arguably the next big thing after ethereum it will do the same in this bull cycle.

There are so many good things to be said here, but we should not forget that there is more competition in the market compared to what we had before. There is hyper liquid and sui which are very prominent competitors to the Solana ecosystem. And these two coins can be very important disruptors to Solana achieving its goals. Things are in place and Solana has already recovered from it's battering during February and March due to the tariff uncertainty, so now it is ready I believe to achieve New Heights.

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