Solana has been showing its strengths in the last months: SOL’s price has grown more than 7x since mid-summer. But to find out whether Solana has potential as a long-term investment, you might want to take a look not only at its past, but at its future, too. SOL’s price predictions, which we gathered in this article, can help you find out if it’s worth it for yourself.
Swap Tracker
Table of Contents
Solana Fundamental Analysis
Project name
Solana
Stock Symbol
SOL
Current Price
51.33
Current Supply
521747647.0927776
Official Website
Solana (SOL) is a token powering the Solana network — a Layer 1 blockchain for dApp developers. Solana Foundation has existed since 2017, but the network itself was launched in 2020, with the mainnet beta going live in March 2021.
Solana aims to solve the blockchain trilemma, providing scalability, security and decentralization. To achieve this, Solana’s founders developed a unique consensus protocol called Proof-of-History (PoH), which synchronizes the network nodes and ensures the immutability of timestamps within the chain. It works much faster than other mechanisms serving similar purposes. Solana also employs Proof-of-Stake (PoS) protocol as an additional security measure, which together with the high speed of PoH effectively solves all three parts of the trilemma. Note that, unlike the more common Layer 2 solutions for the same problem like sharding or sidechains, Solana operates on an autonomous blockchain and is not dependent on other chains like Ethereum. All these technological innovations have enabled Solana to maintain very high transaction speeds and some of the lowest fees in crypto space after its mainnet launch (i.e. despite increasing usage).
Validators have to stake their Solana tokens (SOL) to secure the network, and they receive their rewards in the same currency. The tokens are also used as gas fees and in the network’s governance.
Solana Live Price Chart
Solana tokens entered the market in April 2020 at a relatively low price, trading below $1 until late July of that year. As Solana attracted attention, SOL's crypto price climbed up, especially after the crypto derivatives exchange FTX announced its plan to develop their new project, Serum, on Solana. As a result of this, in August Solana’s price reached $4.78. By the fall it went back down again, but not as low as before, mostly staying around $2 until the end of the year. At the beginning of 2021, Solana’s price started to grow, following the general market trend at the time, and hit $17.3 in late February. After the public sale auction and mainnet launch in March 2021, however, the price truly surged, reaching $28.51 in April. It soared even higher in May, going to an all-time high of $58.30. Later, as the crypto market crashed, Solana’s price fell too, although, notably, it bounced up several times even in those market conditions, breaking $35 and even $40 several times during summer 2021. In any case, even during the latest dips, the lowest it has gone is $22.18, which is a far cry from Solana’s humble beginnings. This may signal a strong public interest in the project.
Solana Technical Analysis
Despite the fact that 100% accurate technical analysis for Solana cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated SOL buy-and-sell rating for selected timeframe. The summary for SOL/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Solana Price Prediction
Below we have collected the most reliable price projections for Solana (SOL) from popular forecast platforms.
Solana Price Prediction for 2022
As of the end of 2022, Solana price predictions remain predominantly positive, with some analytics promising the price at about $55.444, while WalletInvestor even cites the possibility of the price reaching $218.492 by the end of the year.
Potential ROI:
118%
Buy
Solana Price Prediction for 2023
According to WalletInvestor, in 2023 Solana investors should expect price growth to $335.637, which seems a good reason to consider Solana as an investment option. TradingBeast, in turn, predicts the price increasing to $63.806, and PricePrediction.net agrees with a predicted growth to $88.44.
Potential ROI:
217%
Buy
Solana Price Prediction for 2024
The experts are unanimous in their Solana price forecasts for 2024 — everybody expects Solana’s price to grow by the end of that year. TradingBeast predicts the price growth reaching $94.767. According to WalletInvestor’s research, Solana’s price can go up to $469.474. PricePrediction.net’s forecast is also positive: its analysts hold the view that by 2024 Solana’s price will be about $128.5.
Potential ROI:
350%
Buy
Solana Price Prediction for 2025
Both TradingBeast and WalletInvestor predict the Solana market to grow in 2025, resulting in $114.735 and $611.377 by the end of the year respectively. Other Solana price forecasts support the idea: PricePrediction.net forecasts Solana to reach $179.57 by December 2025.
Potential ROI:
488%
Buy
Solana Price Prediction for 2030
Speaking of long-term Solana price predictions for 2030, experts present two polar opinions. WalletInvestor expresses the view that Solana price will grow further and eventually reach $421.85013 by the end of the decade. PricePrediction.net’s price prediction for Solana echoes with the projection of an uptrend to $1208.77. Despite this, TradingBeast’s vision remains not so positive, promising a downfall to $48.1887.
Potential ROI:
990%
Buy
Summary
As it can be clear from the analysis cited above, Solana (SOL) projections are rather contradictory. There is no universal consensus either about positive or negative future SOL price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Solana projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer:
This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
