The Solana network has finally overcome its congestion issues, leading to a boost in market confidence and a surge in SOL prices.

The Solana network has finally resolved its congestion issues, leading to a significant increase in investor confidence. The network's performance has improved, and the price of SOL has risen by over 2%.

Solana's Network Congestion Issues Fully Resolved

The Solana community is celebrating as SolanaFloor announces the complete resolution of the network's congestion problems. After facing frequent congestion issues, resulting in failed transactions and a poor user experience, the network's block production has returned to normal, with transactions now confirmed in under two seconds.

This development marks a significant turning point for Solana, which has faced numerous challenges in recent months due to network congestion, leading to project delays and investor frustration.

The journey to resolving Solana's congestion issues has been long and challenging, with multiple attempts and solutions from the Solana development team and community contributors. Despite initial efforts falling short, including solutions proposed by developers like Anza and upgrades such as Stake Weighted Quality of Service (SWQOS), the network's congestion persisted. However, with the latest breakthrough, characterized by intense technical refinements, Solana is now positioned to reclaim its place as a high-performance blockchain capable of handling thousands of transactions per second (TPS).

Positive Outlook for Solana's Price

As Solana's network emerges from its congestion issues, seasoned investor and Real Vision CEO Raoul Pal has expressed a bullish outlook for its price. In a recent interview, Pal projected a price range of $800 to $1200 in the near term for Solana, while also foreseeing substantial growth potential for the crypto. He even envisions a price surge to $2000 during a full bubble cycle, highlighting the immense opportunity presented by SOL.

Pal's optimistic outlook reflects broader market sentiments, as investors anticipate a bullish trajectory for Solana in the wake of its recent breakthrough. As of writing, the Solana price has risen by 2.37% to $157.92, while its trading volume over the last 24 hours has surged by 24.17% to $3.13 billion. The crypto has touched a 24-hour high of $159.94 and a low of $153.74.