Price Prediction
Solana Price Prediction in 2023, 2024, 2025 & 2030
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What is Solana?
Solana blockchain is a layer-1 solution that was originally designed to compete with Ethereum and to take the blockchain space to another level. Launched in 2020, Solana has turned many heads in the blockchain space and is serving as one of the top layer-1 solutions.
Solana is an incredibly fast and secure network that is mainly focusing on providing efficient DeFi solutions, building NFTs, creating DApps, and offering other crypto-related concepts like liquidity pools, yield farming, and staking.
Unlike Ethereum, Solana does not incur high fees and is incredibly efficient and fast. It is one of the reasons we saw its price go parabolic in the Q4 of 2021.
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How Does Solana Works?
Unlike Ethereum and other major layer-1 solutions, Solana uses a new and advanced consensus mechanism called proof-of-history. It is one of the main reasons why Solana is so fast and efficient.
One major complaint with Ethereum is the high gas fee which only rises with network congestion. Ethereum 2.0 promises to fix that issue and make the network faster, but Solana is already delivering more than that. Solana can process around 50 thousand transactions per second alone on layer-1 and is scalable to go up to a million.
Where to Buy Solana (SOL)?
SOL is the native cryptocurrency of the Solana blockchain that can be used to pay transaction fees and staking on the network. Solana is among the top ten cryptocurrencies in the world and is widely available on the most reputable exchanges. Some of the exchanges where you can purchase or trade SOL include:
- Binance
- Coinbase
- KuCoin
- Bybit
- Bitfinex
Solana Price History
Solana in 2021
Solana was one of the fastest-growing cryptocurrencies in 2021. Its price started rocketing in the Q4 of 2021 and peaked at around $258 in the month of November. At the beginning of 2021, SOL was only valued at a mere $1.84, but the price closed the year at $176.
The price started pumping when inventors started developing programs on Solana instead of Ethereum due to the high gas fee on the Ethereum network. These inventors found Solana highly efficient, and we slowly saw more creators switch to the Solana blockchain.
Solana in 2022
While 2021 was a bullish year for Solana, 2022 came with plenty of challenges. SOL started the year trading around $174 and is about to close at the $9.5 mark. Solana ended up losing approximately 95% of its value this year and has a market cap of $3.5 billion at the time of writing this article.
2022 was, in general, a bearish year for the entire crypto community, and we saw most of the altcoins losing a majority of their value.
Solana was already struggling in 2022, but the real damage was done during the FTX collapse. The founder of FTX Bankman-Fried frequently praised Solana, which turned out to be a negative thing for the popular altcoin. Bankman-Friend also kept Solana on the balance sheets of his exchange FTX and trading firm Alameda. Once this news was leaked, Solana started falling again and is now trading below the $10 mark.
Solana Technical Analysis
If we take a look at the latest 1-week charts for Solana, we can notice a mountain shape structure that indicates the 2021 boom and the 2022 doom.
Like many other altcoins, Solana continued the downtrend in 2022 and fell back to the major support above $25 in the month of June. It lost approximately 85% of its value from the beginning of the year and continued to move sideways for a few months.
Solana dropping to $25 did not feel out of the ordinary because most altcoins did fall back to the previous major support they were holding in 2021. The real trouble started during the FTX saga, where Solana lost support at $25, and we saw a sell-off that pushed the price below $10.
As things stand now, It looks likely that the price will drop further in 2023, and it will take a while for this altcoin to get back above the $20 mark.
Solana Price Prediction 2023
Looking at the charts and according to Longforecast, Solana will continue to struggle in 2023. According to our Solana price prediction for 2023, the lower level we are expecting it to touch this year is the $4.4 mark, and the highest price will be around $10.7. We also might not see as much volatility in 2023 for Solana.
| Month | Minimum Price | Maximum Price |
|---|---|---|
| Jan 2023 | $6.4 | $10.7 |
| Feb 2023 | $7.7 | $9.9 |
| Mar 2023 | $7.5 | $8.7 |
| Apr 2023 | $8.0 | &9.2 |
| May 2023 | $6.7 | $8.6 |
| Jun 2023 | $7.2 | $8.9 |
| Jul 2023 | $6.5 | $8.4 |
| Aug 2023 | $5.5 | $7.0 |
| Sep 2023 | $4.6 | $5.9 |
| Oct 2023 | $4.9 | $6.1 |
| Nov 2023 | $5.2 | $6.0 |
| Dec 2023 | $4.4 | $5.6 |
Solana Price Prediction January 2023:
The maximum price for Solana in the first month would be around $10, and it could also go as low as $6.4. However, these estimates can change if we increase in volume flow.
SOL Price Prediction for February 2023
In February, SOL will continue to show some sideways movement. The maximum price we will be eyeing for this month is $10, and the minimum price will be around $7.7. It is expected that the month will do better than January.
Solana Price Prediction March 2023:
In March, things will remain quiet for Solana once again as it could drop back to $7.5. On the other hand, the price can also go as high as $8.7, as per the latest speculation.
SOL Price Prediction for April 2023
Not much will change for Solana in April, but it could go as high as $9.2 during this month. However, we are also expecting SOL not to drop below $8 during this month. The price could go back and forth between these levels.
Solana Price Prediction May 2023:
The projected numbers for May indicate that the price could drop, and SOL will go below $7 once again. The lowest level we will be eyeing here is the $6.7 mark, and the highest level we will be looking for targets is $8.6.
SOL Price Prediction for June 2023
The price will continue to consolidate in June as the expected lowest price is $7.2, and the expected higher price is the $8.9 mark.
Solana Price Prediction July 2023:
In July, SOL could go as high as $8.4, not much movement is expected, and the lower level once again will be around the $6.5 mark.
SOL Price Prediction for August 2023
In August, we can expect SOL to dip a little. The lower level to watch this month would be around $5.5. On the other hand, if bullishness continues during this month, the upper level to watch will be the $7.0 mark.
Solana Price Prediction September 2023:
The price will continue to move in a downtrend in September and could go as low as $4.6. There won’t be much momentum during this month, and we might not see SOL go higher than $5.9.
SOL Price Prediction for October 2023
October will be pretty similar to September. We won’t see much momentum for SOL, and the price can range between $4.9 and $6.1. It will likely be a quiet month for Solana.
Solana Price Prediction November 2023:
The price will also continue to consolidate in November as the max price is expected to be around $6. It could also go as low as $5.2 during this month.
SOL Price Prediction for December 2023
December will also be a quiet month for Solana. The potential minimum price for this month will be $4.4, and the maximum price could go as high as $5.6.
*Cryptocurrency market is highly volatile, and these numbers can change dramatically in future as the market grows.
Solana Price Prediction 2024
In 2024, the price of Solana can go as high as $4.60. The lowest level we are expecting it to touch in 2024 is the $2.00 mark. We can expect the price to fluctuate between $2.00 and $4.60 throughout the year. Needless to say, the bears will likely dominate in 2024 as well.
| Month | Minimum Price | Maximum Price |
|---|---|---|
| Jan | $2.7 | $3.1 |
| Feb | $2.3 | $2.9 |
| Mar | $1.9 | $2.5 |
| Apr | $2.0 | $2.3 |
| May | $2.1 | $2.7 |
| Jun | $2.5 | $3.1 |
| Jul | $2.9 | $2.6 |
| Aug | $3.3 | $3.8 |
| Sep | $3.5 | $4.0 |
| Oct | $3.0 | $3.8 |
| Nov | $3.2 | $4.0 |
| Dec | $3.7 | $4.6 |
Solana Price Prediction 2025
In 2025 we can finally expect the bulls to flip the table and take control of the market. The uptrend will likely continue, and we can expect the price to go as high as $11.3. With the way things are looking at the moment, it seems likely we might not see SOL break above $10.00 till 2025. The lowest level to watch this year would be the $4.3 mark.
| Month | Minimum Price | Maximum Price |
|---|---|---|
| Jan | $4.3 | $5.3 |
| Feb | $4.9 | $6.1 |
| Mar | $5.7 | $7.1 |
| Apr | $6.7 | $8.3 |
| May | $6.6 | $7.7 |
| Jun | $6.8 | $7.9 |
| Jul | $7.4 | $9.1 |
| Aug | $7.7 | $8.8 |
| Sep | $8.3 | $9.7 |
| Oct | $9.1 | $11.3 |
| Nov | $8.2 | $10.5 |
| Dec | $7.5 | $8.8 |
Solana Price Prediction 2026
In 2026 we can expect Solana to continue with the momentum and trade in a healthy way throughout the year. We are not expecting any major jumps, but the price will most likely remain stable for most of the year. The lowest level we can expect it to touch is the $6.3 region; the highest target to the eye will be the $12.0 area.
| Month | Minimum Price | Maximum Price |
|---|---|---|
| Jan | $8.1 | $10.0 |
| Feb | $8.3 | $9.5 |
| Mar | $6.9 | $8.9 |
| Apr | $7.5 | $8.8 |
| May | $6.6 | $8.2 |
| Jun | $6.3 | $7.3 |
| Jul | $5.9 | $6.8 |
| Aug | $6.4 | $7.9 |
| Sep | $7.4 | $9.2 |
| Oct | $8.6 | $10.6 |
| Nov | $9.9 | $11.4 |
| Dec | $10.6 | $12.7 |
Solana Price Prediction 2030
Predicting the price of a cryptocurrency seven years into the future is extremely difficult. The crypto market itself has been around for not more than 13 years, and it is hard to predict where the price of a certain cryptocurrency will sit so much farther in the future.
There are thousands of cryptocurrencies in the market at the moment, and unfortunately, most of them will fail in the coming years. The competition in the crypto space is increasing rapidly, and where some projects of the same nature will coexist, others might have to go. Also, with the crypto market facing so much pressure from governments and other regulatory bodies, there is no way to tell that it will go down in the future.
However, if the project continues to shine and cryptocurrencies become widely accepted, we can expect Solana to go past the $1000 mark by the end of 2030.
Conclusion: Is Solana a Good Investment?
Solana is among the fundamentally strongest projects in the crypto space and is well respected by the crypto community. When it comes to investing in the crypto space, the risk is always there regardless of the quality of the project. However, with a project like Solana, risks are reduced because it is a well-known network and has attracted institutional attention.
The FTX controversy negatively affected Solana during this bear market, but the project has solid use cases and fundamentals that can help it recover in the long term. If the crypto market continues to thrive, Solana could end up going much higher than where it is already. In the end, it is always safe to go with an investment amount that one can afford to lose.
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Frequently Asked Questions – FAQs
Looking at Solana’s current fundamentals and technical charts, it does look like a good investment. The price is currently hovering around the bottom region, and that is usually considered a good entry point.
Solana is one of the most popular altcoins in the market, and a lot of institutions have shown interest in it. The overall image of the project does give it a solid reputation. However, crypto trading can be risky, and one must never invest before doing their own research.
Right now, Solana is hovering around lower levels and won’t stay there forever. It is highly likely that we will see the price of SOL go up in the long term.
SOL is currently trading below $10 and is currently visiting the bottom of the price created a couple of years ago. We have seen Solana go as high as $260 in the recent past, so there is a lot of potentials there.
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