The congestion issues on the Solana network, caused by a spike in meme coin transactions, could deter new and existing users due to increased transaction times and failures. Although developers are working on solutions, the short-term impact on SOL's price could be negative as investor confidence may wane until the issues are fully resolved. The network's popularity and the bullish outlook from analysts could mitigate some of the negative impacts, but the immediate concern over network performance remains a significant factor.