{"id":569252,"date":"2024-01-12T17:00:33","date_gmt":"2024-01-12T17:00:33","guid":{"rendered":"https:\/\/ktsl888.com\/?p=569252"},"modified":"2024-01-12T13:49:41","modified_gmt":"2024-01-12T13:49:41","slug":"solana-2024-roadmap-key-price-targets","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/solana\/solana-2024-roadmap-key-price-targets\/","title":{"rendered":"Solana In 2024: Roadmap And Key Price Targets For This Year"},"content":{"rendered":"

The Solana Foundation has unveiled a roadmap for 2024, focusing on innovation, developer engagement and network scalability. “2024 is the year of Solana,” the foundation proclaimed<\/a>, focusing on the key milestones achieved and strategic goals for the year in the statement.<\/p>\n

The \u201cSolana Foundation’s State of Developer Ecosystem Report\u201d highlights a surge in developer activity<\/a>, with over “2,500 active developers committing to open source repositories” and an impressive increase in developer retention, rising “from 31% to over 50% throughout the previous year.”<\/p>\n

The report further elucidated the evolution of Solana’s infrastructure, which in 2023 saw a leap in maturity with the deployment of “program frameworks for Rust, Python, and more,” as well as “SDKs available for 10 languages, laying a solid foundation for diverse dApp development.” Solana Labs\u2019 innovative GameShift API has been a game-changer, a piece of “app-specific tooling” designed to revolutionize the gaming space on Solana’s blockchain.<\/p>\n

Related Reading: Massive Solana Heist: CLINKSINK Drainer Campaigns Swipe Nearly $1M Worth Of SOL<\/a><\/div>\n

On-chain data provided by Messari reinforces the network’s growth narrative, citing “a 65% quarter-over-quarter increase in daily average non-voting transactions, reaching 40.7 million, and a remarkable 102% quarter-over-quarter rise in average daily fee payers, amounting to 190,000.”<\/p>\n

The roadmap also unveils forthcoming advancements poised to redefine blockchain capabilities. First, Solana aims to introduce \u201ctoken extensions to empower more complex and multifaceted tokenomics.”<\/p>\n

Second, a focus in 2024, will be on the launch of Firedancer, a new independent validator client for the Solana blockchain, built by Jump Crypto. It aims to support a higher number of concurrent transactions, increase network throughput, resilience, and efficiency, and address historical weaknesses in Solana’s peer-to-peer interface. Notably, Firedancer went live<\/a> on the testnet in October 2023.<\/p>\n

A third focus in the 2024 roadmap will be the development of Runtime v2 by Solana Labs, which aims to “significantly enhance the network’s performance and developer experience.”<\/p>\n

This runtime is a concurrent transaction processor, handling transactions with specified data dependencies and explicit dynamic memory allocation. It introduces changes coordinated by epochs, influencing the cluster’s behavior. Moreover, Solana Core announced support for the Move programming language as a major modification in Runtime v2.<\/p>\n

Related Reading: Solana Poised For Major Upside: Analyst Predicts 47% Surge After Price Breakout<\/a><\/div>\n

The Solana Foundation\u2019s message via X echoes a commitment to innovation and community engagement: “The strength of the Solana ecosystem is amplified by our passionate community. With the community’s unwavering support, we are ready to accelerate into 2024 and solidify Solana\u2019s position as the premier platform for blockchain development. It\u2019s time to accelerate. Let\u2019s keep building & make 2024 the year of Solana.”<\/p>\n

Solana Price Prediction 2024: A Technical Analysis<\/h2>\n

A technical analysis of the Solana price action in the weekly chart (SOL\/USD) offers predictions for 2024. Since mid-November, SOL\u2019s price movement<\/a> has been encapsulated within a parallel uptrend channel, indicative of a stable and consistent upward trajectory. The parallel lines representing support and resistance have guided the price action, providing clear levels for potential buy and sell points.<\/p>\n

The Fibonacci retracement tool, applied from the swing high of around $262 to the swing low of $7.93, unveils key levels that may act as barriers or support in the future.<\/p>\n