Solana Set For v1.18.15 Mainnet Upgrade, SOL Price Rally to $250 Ahead?

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 issue on the network.

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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 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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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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