< Back

Solana Price Prediction: Will the Solana Cryptocurrency Reach $500 in 2022?

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

Solana Fundamental Analysis

Project name
Solana
Stock Symbol
SOL
Curr. Price
195.37
Curr. Supply/Total Supply
507164168.601077
ROI Since Launch
No Data
Launch Date
No Data
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.

#1. WalletInvestor SOL Price Prediction for 2021, 2023, 2025

According to WalletInvestor, Solana price will grow from $195.37 to $398.386 in one year. That makes SOL an awesome investment. The long-term earning potential is 103.91%. Predicted price for the end of 2026 is $1350.470.

#2. TradingBeasts SOL Price Prediction for 2022

Answering the question about if Solana is a good investment, TradingBeasts say a resounding no. In the 2021 perspective, this coin price is predicted to reach $158.076 with a growth to $202.562 by the end of 2022.

#3. DigitalCoin SOL Price Forecast for 2021, 2022, 2023, 2025

In DigitalCoin analysis, the price of Solana cryptocurrency will rise in the next 5 years starting from $196.292875 as of today’s price to $675.0668752. It will go up to $319.5594869 by 2022 and continue its growth in 2023-2024. Based on this forecast, Solana is a profitable long-term investment.

#4. LongForecast SOL Price prediction for 2021-2022

In 2021, the average Solana price will go up to $258.3333333. In 2022, Solana’s price will rise significantly to an average of $561.5833333.
Best fiat-to-crypto offers
usd
usd
btc
btc
Buy crypto Buy crypto

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.

About SwapSpace

SwapSpace is a cryptocurrency exchange aggregator that allows to swap over 450 cryptos with both fixed and floating rates. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. SwapSpace support works 24/7.


Exchange Solana

This pair is not available for exchange

More About Solana