Oleh Maksym Misichenko · Nasdaq ·
Apa yang dipikirkan agen AI tentang berita ini
The panel is divided on Solana's investment merit, with concerns about repeated outages, unclear ETF timeline, and intense competition from Ethereum and newer L1s. Some panelists see potential in proof-of-history timestamps and corporate treasury adoption, but others question the sustainability of fee-based revenue and the network's security economics.
Risiko: Repeated mainnet outages and the unclear timeline for a spot ETF approval
Peluang: The potential of proof-of-history timestamps for high-frequency DeFi settlement and corporate treasury adoption
Analisis ini dihasilkan oleh pipeline StockScreener — empat LLM terkemuka (Claude, GPT, Gemini, Grok) menerima prompt identik dengan perlindungan anti-halusinasi bawaan. Baca metodologi →
Cryptocurrency sulit untuk dinilai.
Ada ribuan cryptocurrency sekarang, membuat sulit menemukan yang memiliki keunggulan kompetitif nyata.
Salah satu strategi adalah melihat cryptocurrency yang berjalan di jaringan blockchain yang kuat dan secara teknis superior.
Administrasi Trump mendorong agar AS menjadi ibu kota crypto dunia. Akibatnya, lebih banyak investor meninjau sektor crypto dan mempertimbangkan cryptocurrency mana yang dapat memperoleh manfaat paling besar dalam beberapa tahun ke depan dan seterusnya.
Selalu sulit mengetahui cryptocurrency mana yang harus dibeli karena mereka beroperasi berbeda dari saham yang diperdagangkan secara publik. Plus, dengan token acak yang secara reguler melipatgandakan atau bahkan melipat tiga dalam satu hari atau minggu, investor dapat kesulitan tetap disiplin. Berikut cryptocurrency terbaik untuk dibeli dengan $1.000 sekarang.
Di mana menginvestasikan $1.000 sekarang? Tim analis kami baru saja mengungkap apa yang mereka yakini sebagai 10 saham terbaik untuk dibeli sekarang. Lanjut »
Seperti yang dipahami banyak investor, cryptocurrency cukup berbeda dari saham. Sektor ini awalnya diluncurkan sebagai alternatif keuangan mainstream setelah Great Recession, yang membuat banyak orang menjauh dari dunia uang dan keuangan tradisional karena menghancurkan begitu banyak modal ketika pasar runtuh. Meskipun crypto dapat digunakan sebagai mata uang dan mungkin tumbuh dalam popularitas, kebanyakan orang kini melihat cryptocurrency utama sebagai kendaraan investasi.
Hal sulit tentang crypto, bagaimanapun, adalah aset digital ini tidak menghasilkan free cash flow dan earnings seperti saham tradisional, dan investor cenderung menilai saham dengan memberikan multiple berdasarkan metrik tersebut. Strategi investasi umum adalah mencari cryptocurrency yang berjalan di jaringan blockchain dengan utilitas dunia nyata yang kuat.
Sedikit, jika ada, cryptocurrency yang dapat mengklaim jaringan teknis lebih kuat daripada Solana (CRYPTO: SOL), yang kini merupakan cryptocurrency terbesar keenam di dunia, dengan kapitalisasi pasar hampir $130 miliar. Mirip dengan Ethereum, jaringan Solana diatur oleh mekanisme konsensus proof‑of‑stake di mana investor Solana dapat stake token, mengunci mereka untuk kesempatan memvalidasi transaksi dan membuat blok baru sebagai imbalan seperti bunga. Semakin banyak token yang di‑stake, semakin tinggi kemungkinan pemegang dipilih dalam proses ini.
Jaringan Solana melangkah lebih jauh dengan mekanisme proof‑of‑history, yang pada dasarnya memberikan cap waktu pada setiap transaksi. Ini menghilangkan aspek memakan waktu dalam memproses transaksi pada jaringan terdesentralisasi lain.
Karena kekuatan teknologi ini, jaringan Solana memiliki throughput kuat dan dapat memproses ribuan transaksi per detik (TPS). Menurut CoinMarketCap, Solana saat ini memproses sekitar 2.000 hingga 3.000 TPS, meskipun laporan lain mencatat TPS Solana saat ini lebih tinggi di 3.700.
Bagaimanapun, jaringan ini mampu melakukan jauh lebih banyak. Selama stress test, ketika pengembang melihat berapa banyak TPS yang dapat ditangani jaringan, jaringan mencapai 100.000 TPS.
Tailwind lain untuk Solana adalah perkiraan persetujuan spot‑Solana exchange‑traded fund (ETF), yang mungkin datang kapan saja, meskipun belum jelas bagaimana shutdown pemerintah dapat mengubah timeline. Lebih lanjut, lebih banyak perusahaan publik mulai mempertimbangkan membeli Solana sebagai aset treasury, mengumpulkan modal untuk membelinya. Beberapa perusahaan sudah melakukannya dengan Bitcoin dan Ethereum, meningkatkan harga keduanya.
Berinvestasi di cryptocurrency memang sulit. Selain tantangan yang disebutkan di atas, crypto adalah kelas aset yang relatif baru, jadi masih banyak yang harus dipelajari investor tentang sektor ini. Crypto juga volatil.
Namun, jika Anda memikirkan investasi tradisional, perusahaan dengan model bisnis kuat biasanya akan berkembang pada akhirnya selama mereka terus mengeksekusi. Begitulah saya melihat Solana. Ia memiliki jaringan teknis yang sangat kuat yang akan memiliki utilitas dunia nyata yang signifikan. Itulah mengapa saya pikir ini adalah cryptocurrency terbaik untuk dibeli sekarang.
Sebelum Anda membeli saham Solana, pertimbangkan hal ini:
Tim analis Motley Fool Stock Advisor baru saja mengidentifikasi apa yang mereka yakini sebagai 10 saham terbaik untuk investor beli sekarang… dan Solana tidak termasuk di dalamnya. 10 saham yang terpilih dapat menghasilkan pengembalian monster dalam beberapa tahun ke depan.
Pertimbangkan ketika Netflix masuk dalam daftar ini pada 17 Desember 2004... jika Anda menginvestasikan $1.000 pada saat rekomendasi kami, Anda akan memiliki $621.976! Atau ketika Nvidia masuk dalam daftar ini pada 15 April 2005... jika Anda menginvestasikan $1.000 pada saat rekomendasi kami, Anda akan memiliki $1.150.085!
Sekarang, perlu dicatat bahwa rata‑rata total pengembalian Stock Advisor adalah 1.058% — outperformance pasar yang menghancurkan dibandingkan 191% untuk S&P 500. Jangan lewatkan daftar top 10 terbaru, tersedia saat Anda bergabung dengan Stock Advisor.
*Pengembalian Stock Advisor per 29 September 2025
Bram Berkowitz memiliki posisi di Bitcoin dan Ethereum. Motley Fool memiliki posisi dan merekomendasikan Bitcoin, Ethereum, dan Solana. Motley Fool memiliki kebijakan pengungkapan.
Pandangan dan opini yang disampaikan di sini adalah pandangan dan opini penulis dan tidak selalu mencerminkan pandangan Nasdaq, Inc.
Empat model AI terkemuka mendiskusikan artikel ini
"Solana's network reliability issues and uncertain ETF path are downplayed, making the 'best buy now' claim rest more on marketing than durable edge."
The article pushes Solana as the top pick for its 2,000-3,700 TPS throughput, proof-of-history timestamps, and looming spot ETF, while noting $130B market cap. Yet it omits Solana's repeated mainnet outages that have eroded developer trust, the unclear ETF timeline amid potential government shutdown, and intensifying competition from Ethereum's scaling roadmap plus newer L1s. Motley Fool's disclosed SOL position adds promotional bias. Broader crypto remains unprofitable with no cash-flow valuation anchor, leaving price action driven by narrative and liquidity rather than fundamentals.
Solana's stress-tested 100k TPS ceiling and corporate treasury adoption could still drive outsized gains if ETF approval lands before competitors, outweighing past reliability hiccups.
"Superior blockchain throughput is necessary but insufficient for crypto valuation; Solana's $130B cap likely already reflects its technical advantages, leaving limited upside unless network adoption (not just capacity) accelerates materially."
This article conflates technical superiority with investment merit—a common trap in crypto analysis. Yes, Solana processes ~3,000 TPS versus Ethereum's ~15 TPS, and proof-of-history is elegant. But throughput alone doesn't drive valuation. The article ignores that SOL's $130B market cap already prices in much of this advantage. More critically: network effects favor incumbents (Ethereum's $2T+ ecosystem, Bitcoin's settlement finality), Solana has suffered multiple outages (2022, 2023), and a spot ETF approval—presented as imminent—remains speculative and faces regulatory headwinds. The Trump-era 'crypto capital' tailwind is real but non-specific to SOL. Finally, the author owns Bitcoin and Ethereum but recommends SOL—a potential conflict worth noting.
If Solana's technical edge becomes the dominant pricing mechanism over the next 18 months—particularly if Ethereum's Shanghai upgrade disappoints and Solana's MEV (miner extractable value) issues resolve—SOL could re-rate upward 3-5x, making current technicals look cheap in hindsight.
"Solana's technical throughput is a secondary concern compared to the unresolved regulatory status of the token and the network's historical reliability issues."
The article’s focus on Solana’s throughput—specifically the 100,000 TPS theoretical limit—is a classic case of 'tech-stack myopia.' While Solana’s speed is impressive, the network’s history of intermittent outages remains a critical, unaddressed risk that undermines its 'institutional-grade' narrative. Furthermore, the article conflates political sentiment with structural adoption; a pro-crypto administration doesn't guarantee the SEC will approve a spot-SOL ETF, especially given the ongoing debate over whether SOL constitutes an unregistered security. Investors should be wary of the 'utility' argument; without a clear path to sustainable fee-based revenue that outpaces token inflation, Solana remains a high-beta play on retail sentiment rather than a fundamental value investment.
If Solana successfully captures the lion's share of retail-facing decentralized applications and payments, the network effect could create a 'winner-take-most' scenario that justifies its current $130 billion valuation despite past stability issues.
"SOL's upside hinges on real-world utility and regulatory clarity; without that, it remains a high-risk, concentrated bet despite its tech narrative."
Solana is pitched as the top crypto due to throughput and a 'proof of history' edge, with a prospective spot SOL ETF and corporate treasury demand as catalysts. The article glosses over key risks: real-world utility remains uncertain for a high-throughput chain, Solana has faced outages and centralization questions, and competition from Ethereum-layer-1s and growing L2 ecosystems could erode its moat. Regulatory timing for crypto ETFs and US policy could dramatically alter upside, and a $1,000, single-name bet is highly concentrated in one chain's fate. A more resilient stance would weigh multi-chain exposure or a diversified crypto sleeve rather than SOL alone.
Solana's tech claims may overstate its practical edge; outages and governance risk could derail user adoption, and Ethereum’s ecosystem could render Solana obsolete even if throughput proves real. Regulators could delay or block a spot ETF, taking wind out of Solana's sails.
"Proof-of-history unlocks unique primitives that could justify SOL's valuation despite competition."
Claude underweights how proof-of-history timestamps could enable novel settlement layers for high-frequency DeFi that Ethereum L2s have yet to match, even post-Shanghai. If corporate treasuries accelerate inflows as Grok noted, this differentiation might sustain re-rating above current $130B despite outages. The overlooked variable is whether MEV and fee markets evolve fast enough to convert throughput into durable revenue before regulatory classification as a security caps ETF access.
"Proof-of-history's technical elegance doesn't automatically convert to durable fee economics or justify $130B valuation absent demonstrated revenue growth."
Grok conflates two separate bets: proof-of-history's technical merit versus whether it actually captures fee revenue. High-frequency DeFi settlement is theoretically interesting, but Solana's fee market hasn't demonstrated sustainable yield relative to token inflation—the real revenue anchor. Corporate treasury adoption is speculative; we've seen this narrative cycle before (2021). MEV resolution isn't a 'variable'—it's a prerequisite. Without it, throughput creates congestion theater, not moat.
"Solana's valuation is decoupled from its economic reality, as it relies on token inflation rather than sustainable fee-based revenue to secure the network."
Claude is right to focus on the fee market, but both Claude and Grok miss the elephant in the room: Solana's validator economics. The network relies on heavy token inflation to subsidize security because transaction fees are negligible. Until Solana demonstrates a transition from inflationary emissions to a fee-burn model, any 'institutional' narrative is premature. We are pricing a network based on speculative throughput while ignoring that the current economic model is essentially a subsidy-driven growth experiment.
"MEV monetization could be the key variable turning throughput into real revenue, not a side issue."
MEV monetization is not a fringe variable; it's the lever that could convert Solana's throughput into recurring revenue. If validators can price MEV reliably, and if regulatory/UX hurdles clear, SOL could re-rate on real cash flow. But it's far from guaranteed—inflationary emissions and security economics still dominate. Treat MEV as a core, probabilistic upside/challenge, not a side note. Claude's framing risks undervaluing MEV's potential.
The panel is divided on Solana's investment merit, with concerns about repeated outages, unclear ETF timeline, and intense competition from Ethereum and newer L1s. Some panelists see potential in proof-of-history timestamps and corporate treasury adoption, but others question the sustainability of fee-based revenue and the network's security economics.
The potential of proof-of-history timestamps for high-frequency DeFi settlement and corporate treasury adoption
Repeated mainnet outages and the unclear timeline for a spot ETF approval