Solana Price Prediction 2023-2032
- Solana Price Prediction 2023 – up to $65.49
- Solana Price Prediction 2026 – up to $214.99
- Solana Price Prediction 2029 – up to $627.46
- Solana Price Prediction 2032 – up to $1895.56
How much is SOL worth?
The live Solana price today is $71.60, with a 24-hour trading volume of $2,003,286,356. We update our SOL to USD price in real time. Solana is up 7.30% in the last 24 hours. The current CoinMarketCap ranking is #7, with a live market cap of $24,005,526,814 USD. It has a circulating supply of 422,990,177 SOL coins and the max. supply is not available.
Solana price analysis: SOL slips below $71.60 following a strong depressive wave
TL: DR Breakdown
- The Solana price analysis shows a bearish trend in today’s market.
- The bearish trend is being supported by increasing selling pressure
- Solana is facing support at $70.92
The recent Solana price analysis shows that the SOL/USD pair is currently in a bearish trend. The market has been on a downtrend since the beginning of today. The price has been moving in a wide range and is currently trading at $71.60. The market has been in a downtrend, as it has lost around 7.30 percent of its value in the past 24 hours. The bearish trend is expected to continue in the market as selling pressure remains high.
Solana price analysis 1-day chart: SOL loses value as bears come back, down to $71.60
The 1-day Solana price analysis indicates that the trend is still bearish and that a continuation of this downtrend could take place in the coming days. The support at $70.92 appears to be quite strong, and traders should look for any signs of weakness around this area before entering into any long positions. On the other hand, if there is strength in the market, it could push prices up toward $77.45, where they may find resistance.
SOL/USD 1-day price chart, Source: TradingView
The SMA is currently at $30.16 above the SOL’s price, signaling that the bears are in control of the market. The relative strength index (RSI) has moved into the neutral region and is currently at 72.34, suggesting that the market is overbought.
SOL/USD 4-hour price chart: Solana faces a bearish pullback after hitting $77.45 resistance
The 4-hour Solana price analysis shows that there is still bearish sentiment in the market. In the past few days, bullish activity was seen in the market and pushed the token price above the resistance point, with more buying pressure pushing prices even higher. However, the bearish activity is now gaining traction, and this could lead to a further decline below the $70.92 support level.
SOL/USD 4-hour price chart, Source: TradingView
The technical indicators display bearish momentum for the Solana market.The relative strength index (RSI) value has dropped to 55.76, indicating that the market is in a neutral zone. The SMA line for the 4-hour timeframe is currently crossing below the candlesticks, which indicates that the market is currently in a bearish trend.
What to expect from Solana
Solana’s price analysis shows that it is currently in a bearish zone and is likely to remain in the downtrend for some time. The support level at $70.92 could be tested in the near future if the bears maintain their control over the market. The technical indicators suggest that Solana is currently in the bearish zone and is likely to remain there for some time.
Recent News on Solana
In a strategic move to diversify its cryptocurrency offerings, Coinbase, the leading cryptocurrency exchange in the United States, has announced the listing of the JITO (JTO) token on the Solana network. The JTO token, the governance token of the Jito Network, is set to be available for exchange trading on Coinbase from December 7, 2023, at 11:00 AM ET. This marks a significant milestone as JTO becomes the first token from the Solana network to be listed on Coinbase, reinforcing the platform’s commitment to embracing innovative blockchain projects.
The JITO token holds a pivotal role within the Solana ecosystem, particularly as the governance token for the Jito Network. Known for its emphasis on minimizing the negative impact of Maximal Extractable Value (MEV), the Jito Network stands as the second-largest protocol on Solana by Total Value Locked (TVL). Coinbase’s move to list JTO comes shortly after CEO Brian Armstrong publicly acknowledged Solana’s remarkable speed and cost-effectiveness.
The total supply of JTO is capped at 1 billion, with 10% reserved for an airdrop to contributors involved in the development of the Jito Network. This airdrop, including JitoSOL holders and participants in Solana-related DeFi protocols, signifies a shift towards a more democratic and community-driven governance model within the Solana ecosystem
Holders of the JTO token will gain the opportunity to actively participate in key decisions affecting the Jito Network. This includes determining fees for the JitoSOL stake pool, strategizing delegation, and managing the protocol’s treasury. The move towards participatory governance represents a notable shift in the decentralized finance (DeFi) space, setting a precedent not only within the Solana ecosystem but also within the broader crypto community.
The eligibility criteria for the airdrop encompass various participants in the Jito ecosystem, such as long-standing JitoSOL holders, Solana validators, and users engaging with Jito’s MEV products. The token allocation is strategically structured to support community growth, with percentages dedicated to ecosystem development, core contributors, and investors, whose tokens will unlock over a three-year period.
Meanwhile, Solana’s native coin, SOL, has been making headlines with a remarkable surge in value over the past month. SOL’s price has witnessed a substantial 60% increase within this period, contributing to its market capitalization now estimated to be around $27 billion.
Solana Price Predictions 2023-2032
Price Predictions by Cryptopolitan
At the beginning of 2023, 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 2023. 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 2032 when it will reach $855.78 at its highest price.
Solana Price Prediction 2023
Cryptocurrency analysts are ready to announce their estimations of Solana’s price. The year 2023 will be determined by the maximum SOL price of $65.49. However, its rate might drop to around $60.23. So, the expected average trading price is $62.54.
Solana Price Prediction 2024
The price of Solana is predicted to reach a minimum level of $84.91 in 2024. The Solana price can reach a maximum level of $104.72 with the average price of $87.41 throughout 2024.
SOL Price Forecast for 2025
After years of analysis of the Solana price, crypto experts are ready to provide their SOL cost estimation for 2025. It will be traded for at least $124.73, with the possible maximum peaks at $147.83. Therefore, on average, you can expect the SOL price to be around $128.23 in 2025.
Solana (SOL) Price Prediction 2026
According to our deep technical analysis on past price data of SOL, In 2026 the price of Solana is forecasted to be at around a minimum value of $179.89. The Solana price value can reach a maximum of $214.99 with the average trading value of $186.31.
Solana Price Prediction 2027
Cryptocurrency analysts are ready to announce their estimations of Solana’s price. The year 2027 will be determined by the maximum SOL price of $308.32. However, its rate might drop to around $253.59. So, the expected average trading price is $262.90.
Solana Price Prediction 2028
Every year, cryptocurrency experts prepare forecasts for the price of Solana. It is estimated that SOL will be traded between $361.5 and $441.78 in 2028. Its average cost is expected at around $374.66 during the year.
Solana (SOL) Price Prediction 2029
As per the forecast price and technical analysis, In 2029 the price of Solana is predicted to reach at a minimum level of $515.14. The SOL price can reach a maximum level of $627.46 with the average trading price of $533.87.
Solana Price Forecast 2030
Based on the analysis of the costs of Solan by crypto experts, the following maximum and minimum SOL prices are expected in 2030: $903.21 and $769.50. On average, it will be traded at $790.87.
Solana (SOL) Price Prediction 2031
Solana price is forecast to reach the lowest possible level of $1,098.57 in 2031. As per our findings, the SOL price could reach the maximum possible level of $1,305.46 with the average forecast price of $1,138.11.
Solana Price Prediction 2032
After the analysis of the prices of Solana in previous years, it is assumed that in 2032, the minimum price of SOL will be around $1,673.51. The maximum expected SOL price may be around $1,895.56 On average, the trading price might be $1,719.04 in 2032.
Solana Price Prediction by Coincodex
The value of Solana is expected to increase by 8.58% and reach $22.68 by April 13, 2023, 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 December 2023 and 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 2023, 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 2023.
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. By December 2023, it is predicted that Solana will have a maximum price of $27.21.
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.
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.
Solana (SOL) Coin Price History
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.
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).
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.
This had all but evaporated by the end of 2022, as a price of 21.99 U.S. dollars for SOL on May 07, 2023, was similar to the price of Solana in early 2021
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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.
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.
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.