As the cryptocurrency market grows, Solana has become a favorite for crypto investors, with its inflows surpassing $50 million last month. The cryptocurrency has found its way into the top ten digital assets list. The token dethroned Cardano and currently ranks number 5 on the market. Most of the analysts present a bullish forecasted Solana price.
The SOL/USD price travels over the Moving Average curve, indicating the market is following a bullish movement. However, the market also experiences declining volatility today. In addition, the SOL/USD price seems to move towards the resistance, signifying a possible reversal movement, which could break the bullish momentum.
Today’s Solana price is $35.12 with a 24-hour trading volume of $1,155,744,283. Solana is up 5.53% in the last 24 hours. The current CoinMarketCap ranking is #9, with a live market cap of $12,137,349,320. It has a circulating supply of 345,575,979 SOL coins and the max. supply is not available.
Let’s now look at what analysts predict for the Solana price in the coming months – and years – and consider whether SOL should be a part of your crypto portfolio.
• How To Buy Solana?
What is Solana?
Solana blockchain (also commonly referred to as Solana protocol) was introduced to compete with the Ethereum blockchain, which brought the current revolution, especially with its smart contract technology that has to go ahead to enable the inventions of decentralized finance (DeFi), Non-Fungible Tokens (NFTs), decentralized applications (DApps), and all the other concepts like yield farming, liquidity mining, staking, etc., that accompany these inventions.
Today Solana is fulfilling its purpose as more and more people continue adopting cryptocurrency. Its native token SOL is now priced at about $218, 43203.94%, up from its initial price at launch.
The blockchain revolution assured investors of digital coins that would offer privacy and confidentiality through the sturdy cryptographic algorithm that makes sure that even if transactions are recorded in the public blockchain network, the identity of the sender and the receiver is always hidden behind some addresses.
To that end, Solana is considered one of the most effective, secure, fast, and censor-resistant blockchains worldwide. It offers an open-source infrastructure making it easy for global adoption.
What blockchain projects are on Solana?
Solana has smart contracts functionality, and a blockchain developer can develop and deploy a decentralized application (DApp) on the blockchain. Several blockchain projects have been launched on Solana, and they have also contributed to Solana’s fortunes. these blockchain projects include:
- Solana Beach — a Solana blockchain explorer.
- UPFI — a stablecoin.
- Phantasia — a fantasy sports platform.
- HydraSwap — a DEX.
- CropperFinance — a yield farming service.
What do I have to know about the Solana network?
The main thing about the Solana network is an innovative blockchain system. The main aims of this system are security and decentralization. Sol token has also soared and added significant gains to its bag in this situation.
What is the mission of the Solana project?
Solana Blockchain aims to make the situation convenient for decentralized apps and democratize the global financial setup. It provides a high-speed blockchain system that facilitates speedy transactions and secure communication.
What is Proof-of-History in Solana?
Proof-of-history in Solana is derived from Proof-of-Stake. It is one of the innovative additions to the Solana blockchain that relays more on time based on the happening of a specific action. Using this protocol, Solana makes it possible to keep the historical record of the transaction.
Solana (SOL) Coin Price History
In 2021, Solana (SOL) token had become the fastest-growing cryptocurrency and is currently ranked at position five with a live market cap of $66.4 billion. It has overtaken the likes of the once-popular Dogecoin, DAI, DASH, Polkadot, VeChain, Eos, and many others. It is closely behind Binance Coin (BNB) and Tether (USDT).
This year (2021), the price of Solana (SOL) has appreciated by more than 43% in October to currently trading at $217.19 compared to $25.72, which was its price on January 1, 2021.
Solana crypto prices hit an all-time high of $260.06 on November 6, 2021.
While the demand for Bitcoin (BTC) and Ethereum (ETH) has flattened, the market for Solana (SOL) is on the increase.
Where to store my Solana coin
Once you purchase SOL coins, you should store them in a secure place. Most of the exchanges where you can buy SOL offer in-built crypto exchange wallets. Other wallets that allow storage of SOL coins include the atomic wallet and Ledger hardware wallet.
Solana Technical Analysis
The crypto bear market has impacted Solana’s value this year. Crypto analysts agree that it’s challenging to predict when the market will reach its bottom. Solana has been trading sideways for the last two weeks, as shown by the William Alligator trend lines. The MACD histogram is moving into negative territory; prices will drop in the short term.
Solana Price Predictions 2022 – 2030
Wallet investor ranks Solana’s historical data performance ‘A+.’ They suggest the Solana coin is a ‘bad’ long-term investment. Solana prices will range from an average trading price of $34.718 to $35.446 in the coming two weeks. Traders should expect the Solana coin’s average trading value to reach $2.236 in one year after dropping 93.39%. Solana’s average trading price will continue to drop for the entire period until 2027. Solana’s return on investment (ROI) in 2024 will be -96.84%, 2025 will be -96.21%, 2026 will be -96.14%, and 2027, it will be -98.17%.
Trading beasts analyzed the Sol coin past price data using linear and polynomial regressions to provide the Solana price forecast. Sol token will be bearish in the second half of 2022. It will trade at $39.768 in August and fall to $35.956 in December. The value of the Solana tokens will continue dropping from 2023 until April. The Solana price value will then rise from $30.543 in May to $51.846 in December. Sol’s forecast price will be bullish in 2024. It will trade at $53.971 in January and $71.226 in December. The rising Solana token trend will continue into 2025. Sol currency will trade at $72.484 in January and $83.999 in December on crypto exchanges.
Solana tokens have been on a downward trend since April and are yet to start recovering. Solana will trade at an average price of $48.38 in August. The Solana forecast will then range between $49.31 and $46.34 for the rest of the year. Sol tokens will be bearish for the period between 2023 and 2031. Sol tokens will trade at an average price of $64.65 in 2025. It will reach a minimum price of $58.45 and a maximum price of $70.02. Solana coins will trade at an average price of $154.36 in 2030. It will reach a minimum price of $149.83 and a maximum price of $161.43.
Solana sol Price Prediction 2022
The Solana price prediction for 2022 is $61.46. The Solana worth is down 80% this year after taking a beating from the bear crypto market. Recently Solana labs faced a lawsuit regarding an alleged shady initial sale that saw Multicoin benefit at the cost of Sol investors. Sol predictions indicate that the coin’s price will range from a maximum level of $68.27 to a minimum of $59.08.
Solana sol Price Prediction 2023
The Solana price prediction for 2023 is $88.44. Solana has, in equal measure, invested in the virtual assets space following the difficulty of operating on the Ethereum blockchain. NFT marketplaces are built on the Sol blockchain; some of these include Digital eyes, Solanar and Solsea. Sol coin’s price will reach a maximum of $102.65 and a minimum of $85.98.
Solana Price Prediction 2024
The Solana sol price prediction for 2024 is $128.5. The Solana network is fast at 1302 TPS with transaction fees averaging $0.0025; these features make Solana a good candidate for cross-border payments with a fast settlement. Solana’s price will reach a maximum value of $152.51 and a minimum value of $124.96.
Solana Price Prediction 2025
The Solana sol price prediction for 2025 is $179.57. Innovations on the Solana blockchain will be crucial to maintaining its market position. The platform offers developer tools that include guides, SDKs, and videos to ease the transition to building on Solana. The Solana cryptocurrency price prediction indicates it will trade between $174.33 and $213.55 for the year.
Solana Price Prediction 2026
The Solana sol price prediction for 2026 is $263.45. Solana will break its ATH of $260.06 set on 6 November 2021; the record will be in tandem with the developments in the Solana ecosystem. Solana crypto will trade between a low of $256.26 and a high of $301.79 in 2026.
Solana Price Prediction 2027
The Solana sol price prediction for 2027 is $394.13. Regulatory bodies play a pivotal role in the future of cryptocurrencies. The anonymous nature of crypto does not play well with many organizations. Laws will undoubtedly impact the market capitalization and the crypto community. Solana crypto will reach a maximum price of $443.33 and a minimum price of $380.96.
Solana Price Prediction 2028
The Solana Sol price prediction for 2028 is $567.13. Decentralized finance will play a role in the future of finance; Solana has a bright future ahead regarding future tokenization and equitable sharing of resources. Solana will reach a maximum level of $670.89 and a minimum level of $551.36.
Solana Price Prediction 2029
The Solana coin price prediction for 2029 is $792.59. Solana is a powerful tool for developers. Some include Audis, a decentralized music sharing system, STPN – a move to earn game, and Serum decentralized finance. Solana’s future results in the cryptocurrency market show it will sell for $764.23 and $925.17.
Solana Price Prediction 2030
The Solana price prediction for 2030 is $1,208.77. The future of WEB 3 is heavy with decentralization. Solana is a highly scalable blockchain, so developers don’t need to worry about sacrificing efficiency for heavy projects. Fast forever. Solana will reach a high price of $1348.61 and a low price of $1177.07.
Solana Crypto Price Prediction 2031
The Solana sol price prediction for 2031 is $1,756.06. The Solana blockchain is open to everyone. The community can participate in passing governance proposals and validating transactions to secure the network. Solana’s highest price will be $2026.56, and the lowest price will be $1707.71.
Solana Price Predictions by Industry Influencers
Unison Finance Youtube channel provides the Solana fundamental and price analysis.
Ceberena Crypto acknowledges Solana is trading in a bear market. He explores Solana’s price performance. He suggests Solaba will skyrocket in the next coming bull run.
Solana has had a good run since its inception. Its blockchain rivals that of Ethereum and Bitcoin in that it is environmentally safe, has low transaction costs, and is relatively very fast. This saw Solana perform very well at the beginning of the year before crypto prices began going down.
The censorship-resistant blockchain is a good investment for both speculators. and developers. This however is not investment advice.
Solana labs was recently accused of irregular sales of its initial sales before being publicly available. If the news is anything to go by, it may impact Solana’s development, just like the lawsuit on XRP.
Solana has proved that blockchains can be environmentally friendly, fast, and cheap. Solana Pay is the future of payments. The blockchain is cutting out the path for future developments in the blockchain space. Solana features rival those of Bitcoin and Ethereum. It also has a huge community. These advantages will propel Solana’s market capitalization to the top.
Solana will begin recovering in 2023 after the bear run subsides. The Solana sol price prediction for 2031 is $1,756.06. Solana’s highest price will be $2026.56, and the lowest price will be $1707.71. This is not investment advice. You need to conduct your own due diligence.