Solana Cuts Slot Time to 350ms Amid Ongoing Scalability Efforts
Solana's slot time has been reduced to 350ms for the first time, according to an official announcement. This change is part of the blockchain's ongoing efforts to improve scalability and reduce constraints that limited its performance in the past.
Investors may be underestimating the recent gains made by Solana, which have enabled it to shift from dial-up to broadband speeds. The 2019-2021 bull market collapse was partly due to tech failures under demand spikes, but those limitations no longer apply with ongoing slot time reductions and blockchain improvements.
The current price of SOL is $90.66, trading within the Bollinger Bands with an upper resistance at $93.49. The overbought RSI(14) stands at 88.87, alongside a MACD golden cross at 3.59 points, indicating a probable retracement towards EMA50 support of $80.15 before continuation.
As the market navigates near-term predictions and potential triggers for repeat crypto crashes, Solana's infrastructure upgrades offer a promising outlook for investors.