Solana team announces v1.18.15 mainnet upgrade amid rise in network demand. Will the upgrade help trigger SOL price rally towards $250?
- Solana team gets ready for v1.18.15 mainnet upgrade.
- The upgrade reduces congestion issues amid massive demand for Solana network amid meme coin frenzy.
- SOL trades set eyes for a rally to $210.
Solana prepares for another mainnet upgrade as validators are asked to upgrade to a new stable release to bolster Solana blockchain.
The Solana team prepares to prevent pressure and congestion on the chain amid meme coin frenzy and massive demand for platforms on Solana-based blockchain.
Solana v.18.15 Upgrade Readiness
Solana team has now recommended v1.18.15 release for general adoption for the mainnet upgrade, as per a post by Solana Status on June 10.
The upgrade was planned to resolve major congestion issues on the network due to Solana-based meme coins launch, primarily.
Solana team asked mainnet beta validator to upgrade to v1.18.15 release.
The upgrade will have key changes such as an update of Bump version to v1.18.15, a stable release suitable for use on Mainnet Beta.
As per the GitHub release, it adds certificate authority (ca) certificates to docker image, bugfix clean_queue to push valid transactions back into queue, and metrics for threshold failures.
Also, it will integrate scheduler optimization as worker precompile verification and make shallow threshold checks log only during consensus mechanism.
Validators are asked to update when there’s less than 5% delinquent stake and report any issues while monitoring the nodes.
Developers and validators brace for the upgrade as it is a much-awaited upgrade and some previous update caused issues on the network.
SOL Price To Hit $250
SOL price jumped 1% in the past 24 hours, with the price currently trading at $159.62. The 24-hour low and high are $158.83 and $162.92, respectively.
However, the trading volume has decreased by 20% in the last 24 hours, indicating a lack of interest from traders at present.
Solana has an all-time high of $260.06 and analysts believe the price can hit a new ATH this bull run.
SOL price rallied to hit a high of $210 in March this year but the rally faded due to multiple factors including delay in Fed rate cuts. Traders will be eyeing $210 again before a further rally to $250.
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Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.