Experts anticipate a potential shift in Solana's bearish sentiment in the upcoming days. Key indicators reveal a significant quarter-over-quarter increase of approximately 17% in the circulating market cap, as well as in revenue denominated in both USD and SOL. Additionally, experts highlight Solana's leadership in energy efficiency, consolidating its position within the industry.

According to the Q3 report from Messari, there has been a rise in the circulating market cap and revenue across both segments. Annualized inflation has dropped below 6% for the first time since Q3 2022, as of September 30, 2023.

SOL is currently priced at $23.75, experiencing a 1.18% decrease in the last 24 hours. This decline is partly attributed to SEC complaints against Binance and Coinbase for listing the token as a security, causing a 34% drop in price. Despite a comeback in the second quarter, the token continues to face repercussions.

Revenue in USD has reached $4 million, marking an 18.8% increase on a quarter-over-quarter basis from $3.4 million in the previous quarter. While still below the milestone of $4.8 million from the same quarter last year, Solana's progress suggests a potential turnaround from the bearish trend.

Experts predict Solana could reach over $48 by the end of the current year, paving the way for surpassing $58 next year. Solana's focus on energy efficiency compared to Bitcoin and Ethereum positions it as a frontrunner in the industry, despite Ethereum's significant presence.

The current quarter serves as a test for Solana's ecosystem and network growth, critical for instilling confidence among the community and investors in brighter prospects ahead.