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Solana Price Prediction 2024-2033: Is SOL a Good Investment?

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Solana Price Prediction 2024-2033

How much is SOL worth?

The live Solana price today is $115.65USD with a 24-hour trading volume of $1,429,767,001 USD. We update our SOL to USD price in real-time. Solana is up 1.67% in the last 24 hours. The current CoinMarketCap ranking is #5, with a live market cap of $41,977,739,045 USD. It has a circulating supply of 436,088,494 SOL coins and the max. supply is not available.

Solana price analysis: SOL reaches $115.65, a significant level of positive momentum.

TL: DR Breakdown

  • Solana price analysis is bullish today
  • The price has increased by over 1.67 percent
  • Support for SOL/USD is found at $108.49

Solana price analysis suggests a bullish trend for today, and bulls have been in control for the past 24 hours. The SOL price is trading at $115.65, up 1.67% from the open of $112.12. Although the bears have been in control of the market, they have failed to push the price back below $108.49  support level. The bulls are now in a strong position as they have pushed prices higher and the market has found strong support at this level.

Technical indicators are showing a strong uptrend, and bulls are optimistic that the trend will extend in the near term. The price is likely to continue rising as long as the buyers remain in control of the market. On the other hand, a sudden change in sentiment could lead to a pullback in SOL price.

Solana price analysis 1-day chart: SOL has surged by 1.67% in the last 24 hours

The 1-day Solana price analysis shows that the price has been in an uptrend, with price action remaining above the $115.65 level since yesterday’s close. The current bullish momentum is likely to extend in the near term, and investors should keep an eye out for any reversal signs as a sudden bearish move could send SOL prices crashing back to $108.49 mark.

SOL/USD 1-day price chart, Source: TradingView

The MACD and RSI indicators suggest that the bulls are in complete control of the market, and there is a strong chance of further upside in SOL prices. The moving convergence and divergence (MACD) line has crossed above zero, indicating an increase in buying pressure. 

SOL/USD 4-hour price chart: Support level for the Solana price is present at $108.49

The 4-hour Solana price analysis also shows that the bulls have been in control of the market since this morning, and the price has found strong support at this level. The price of Solana has seen an impressive surge over the last 24 hours, and technical indicators suggest that the trend is likely to extend in the near term. The bulls have pushed the price above $115.65 and have surged by 1.67 percent.

SOL/USD 4-hour price chart, Source: TradingView

The relative strength index (RSI) line has gone above 60, indicating that buyers have taken control of the market. Similarly, the MACD indicator has crossed above zero, suggesting that there is more upside potential for Solana’s price. 

What to expect from Solana

Solana price analysis is in a strong position for further price gains in the near future. With bulls firmly in control and strong technical indicators backing up the view, Inch could see even higher highs in the days ahead. The resistance level is currently at $116.04, and if the price manages to break through this level, it could see a further surge in prices. All indicators point towards a bullish market for the SOL, and traders should keep an eye out for any potential price movements in the near future.

Recent News/Opinion on Solana

Solana has achieved a significant milestone with its second smartphone, receiving over 100,000 pre-orders and securing $45 million for further development. This success contrasts sharply with its first crypto-enabled phone, which took nearly a year to sell 20,000 units. Anatoly Yakovenko, co-founder of Solana, highlights the importance of this pre-order milestone for initiating production of the second device. The promising pre-order numbers signal a bright future for Solana Mobile, making it the sole crypto-enabled phone manufacturer with a loyal customer base.

Solana Price Predictions 2024-2033

Price Predictions by Cryptopolitan

At the beginning of 2024, there was a recovery in the price of cryptocurrencies, but recent events have shown that bears are now in control of price dynamics, slowing growth. Solana (SOL), which has seen its value fall by 3.16% today, has also been affected by this trend. 

Our pricing projection indicates that the maximum price for Solana will be $30.78 by the end of 2024. The coin’s value will rise and hit $213.69, its highest level in five years. Future prospects and potential are bright for Solana. We anticipate that Solana will continue to appreciate in value until 2033 when it will reach $855.78 at its highest price.

YearMinimumAverageMaximum
2024$139.70$143.69$162.60
2025$195.09$200.84$234.88
2026$280.93$288.96$337.15
2027$400.20$411.76$486.25
2028$577.72$598.30$692.91
2029$845.42$869.36$1,017.49
2030$1,183.30$1,226.77$1,445.04
2031$1,665.40$1,714.47$2,039.44
2032$2,398.42$2,467.00$2,865.65
2033$3,258.12$3,381.47$4,080.01
Solana price prediction

Solana Price Prediction 2024

Based on the price fluctuations of Solana at the beginning of 2024, crypto experts expect the average SOL rate of $143.69. Its minimum and maximum prices can be expected at $139.70 and at $162.60, respectively.

Solana Price Prediction 2025

Solana price is forecast to reach a lowest possible level of $195.09 in 2025. As per our findings, the SOL price could reach a maximum possible level of $234.88 with an average forecast price of $200.84.

SOL Price prediction for 2026

According to our deep technical analysis on past price data of SOL, in 2026 the price of Solana is forecast to be at around a minimum value of $280.93. The Solana price value can reach a maximum of $337.15, with an average trading value of $288.96.

Solana (SOL) Price Prediction 2027

Based on the technical analysis by cryptocurrency experts regarding the prices of Solana, in 2027, SOL is expected to have the following minimum and maximum prices: about $400.20 and $486.25, respectively. The average expected trading cost is $411.76.

Solana Price Prediction 2028

Crypto experts are constantly analyzing the fluctuations of Solana. Based on their predictions, the estimated average SOL price will be around $598.30. It might drop to a minimum of $577.72, but it still might reach $692.91 throughout 2028.

Solana Price Prediction 2029

The price of Solana is predicted to reach at a minimum value of $845.42 in 2029. The Solana price could reach a maximum value of $1,017.49 with the average trading price of $869.36 throughout 2029.

Solana (SOL) Price Prediction 2030

Every year, cryptocurrency experts prepare forecasts for the price of Solana. It is estimated that SOL will be traded between $1,183.30 and $1.445.04 in 2030. Its average cost is expected at around $1,226.77 during the year.

Solana Price Forecast 2031

After years of analysis of the Solana price, crypto experts are ready to provide their SOL cost estimation for 2031. It will be traded for at least $1,665.40, with the possible maximum peaks at $2,039.44. Therefore, on average, you can expect the SOL price to be around $1,714.471 in 2031.

Solana (SOL) Price Prediction 2032

As per the forecast price and technical analysis, In 2032 the price of Solana is predicted to reach at a minimum level of $2,398.42. The SOL price can reach a maximum level of $2,865.65 with the average trading price of $2,467.00.

Solana Price Prediction 2033

The price of Solana is predicted to reach at a minimum level of $3,258.12 in 2033. The Solana price can reach a maximum level of $4,080.01 with the average price of $3,381.47 throughout 2033.

Solana Price Prediction by Coincodex

According to Coincodex’s most recent price estimate. Indicating a moderate degree of investor mood, the Fear and Greed Index is currently at 61. The present market prognosis for Solana is bearish (Greed), nevertheless, according to technical indicators from Coincodex. Solana’s price has fluctuated by 6.25% over the last 30 days, with 18 of the 30 days (or 60%) being upbeat (green).

Looking ahead to the future, Coincodex’s Solana forecast suggests that now might not be the best time to purchase Solana, as the indicators point to negative market sentiment. However, it’s important to consider various scenarios. Under the best-case scenario, assuming significant growth similar to that of Facebook, the price projection for Solana in 2026 is estimated to be $982.75. On the other hand, if Solana follows the expansion pattern of the Internet, the projected price for 2026 would be $112.74.

These projections highlight the potential for significant growth in Solana’s value over time, but it’s essential to note that these estimates are speculative and subject to market dynamics and unforeseen factors. As with any investment, thorough research and careful consideration of market conditions are recommended before making any decisions.

Price Prediction by DigitalCoinPrice

According to the latest forecast from DigitalCoinPrice, it is anticipated that the value of Solana cryptocurrency will experience a significant increase of 234.20% by the end of 2025, reaching $74.02. The Fear & Greed Index is currently at a reading of 8.21, indicating a high level of fear among investors. Additional technical indicators also suggest bearish market sentiment. Based on DigitalCoinPrice’s prediction, it is considered risky to sell Solana at this time.

In April, Solana witnessed a substantial price surge of 110.04%, with the cryptocurrency approaching the $42.61 mark. Presently, all indicators are pointing toward a bearish market trend, and the fear & greed index is registering a high level of concern at 8.21. DigitalCoinPrice’s forecast advises against selling Solana at the moment.

As per the technical indicators, it is projected that the 200-day simple moving average (SMA) will decline and the price of Solana will reach approximately $21.67 by the end of December. This trend is expected to continue in 2024, with the short-term 50-day SMA, indicating a price of $21.65. However, it is important to remember that these projections are subject to market fluctuations and unforeseen circumstances.

Price Prediction by Industry Influencers

The future price of Solana is now expected to increase, achieve higher highs in the upcoming years, and possibly reach a high of $23.83 by the end of mid-year 2024, according to YouTube market researcher Cryptonomics. According to Cryptonomics, the SOL currency will rise and reach a high of $29.84 at the end of 2024.

Solana owners might not be able to keep their currencies in the coming few months, according to CryptoZX. The analyst thinks SOL has excellent potential and strong fundamentals despite the massive fight between the bulls and the bears.

Solana Overview

Screenshot 2864
Source: Coinbase

Solana’s intrigue appears to stem from a perceived quality shift among crypto investors and developers. Is Solana Dead? SOL Resurrects at 114% They only used the opinion that SOL is dead as VC exit liquidity. Is it time to buy?

As a leading Layer-1 network, investors are watching how Solana performs as this network is one of the most vibrant in terms of its non-fungible token volumes, as well as other DeFi-related projects relying on low transaction costs and high speed. Helium’s decision to join the Solana network rather than stick it out indicates blockchains like Solana can cause a stampede. 

Nothing in life is perfect. That means no blockchain is perfect. The valid criticisms of Solana are fundamental to how it works. Solana seems faster and functionally the same as ETH. Here is a healthy discussion about the furor that Solana is Dead. Apparently, it is not currently.

Solana has lost over $50 billion in value since the beginning of 2022, a year marked by outages, overloads, and significant exposure to Sam Bankman-Fried’s FTX exchange.

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 ensures 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.

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.

Solana (SOL) Coin Price History

2020

Solana was launched in April 2020 and has gained popularity over the last 18 months. The price of Solana has surged from $0.75 to a high of $214.96 in early September.

2021

Following NFT hype and growing demand in the DeFi community, the price of cryptocurrency Solana or SOL more than tripled during the summer of 2021. Solana (SOL) token became 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).

2022

The collapse of crypto trader FTX in 2022 especially impacted the cryptocurrency, as FTX and its sister firm Alameda Research sold a large amount of the coin in order to avoid bankruptcy.

Solana’s price briefly surged to a four-week high of $38.48 on 6 November 2022 after Google Cloud announced it had become a validator on the blockchain. Google Cloud has been working with @solana to bring Blockchain Node Engine to the Solana chain next year, so it will be easy for anyone to launch a dedicated Solana node in the cloud.

Also Read:

More on Solana

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 a historical record of the transaction. 

Where to store SOL

Once you purchase SOL coins, 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.

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.

Conclusion

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, with its innovative features, rivals those of Bitcoin and Ethereum. It also has a vast community. These advantages will propel Solana’s market capitalization to the top.

Solana has had a good run since its inception. Its blockchain rivals that of Ethereum and Bitcoin because 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 question is whether SOL suffered long-term damage due to the FTX turmoil or only saw a temporary correction. Aside from the FTX fallout, SOL is still vulnerable to the risks associated with all cryptocurrencies, such as broader economic uncertainty and an inconsistent regulatory framework. SOL was hit harder than other digital currencies because of its connection to FTX, but its ecosystem is robust, and its developers continue to innovate.

Indeed, SOL was launched as an innovative cryptocurrency. Its developers have laid out ambitious plans, such as smartphones with built-in, Solana-connected crypto wallets and a fee-free store for decentralized applications. There is also a collaboration with Alphabet, the parent company of Google.

This partnership has resulted in developments such as Google Cloud becoming a validator to assist with processing Solana network transactions and a storage agreement that will increase developer accessibility to Solana data. Overall, even though SOL has experienced some unfavorable headwinds, it will likely continue to appeal to investors learning about cryptocurrency investing in the long run.

Solana Labs was once 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. Even though we are bullish on Solana, it is advisable to do your research before investing in this cryptocurrency.

FAQs

Is Solana a good investment?

Yes. Solana is a good long-term investment.

What is the utility of the SOL token?

Sol tokens are used as governance tokens for voting, staked for delegation, and to pay for processing fees.

Where can I buy SOL?

You can buy Solana on Binance, Coinbase, Bitfinex, KuCoin, and Kraken.

Is there a risk to staking Solana?

Yes, staked Solana can be slashed if a node operates maliciously.

Can the Solana price crash?

The price of Solana cryptocurrency crashed at the beginning of September 2021 due to a network outage, something that is extremely rare and most likely will never happen again in the future. 

Is Solana a scam or legit?

Solana is a legit blockchain network, just like other blockchains like Ethereum. As a result, the native token, the Solana coin, which is commonly referred to as SOL coin, is a legit cryptocurrency.

Where do I safely store SOL?

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.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Derrick Clinton

Derrick is a freelance writer with an interest in blockchain and cryptocurrency. He works mostly on crypto projects' problems and solutions, offering a market outlook for investments. He applies his analytical talents to theses.

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