Can Solana Reach $100 and Solana Price Prediction 2022, 2025 and 2030

Can Solana Reach $100 and Solana Price Prediction 2022, 2025 and 2030

Can Solana Reach $100: SOL Price is down over 80% since January 2022. Solana Price Prediction by the end of 2022 is below $100 even if it gains, 30% a month from now.

Solana’s price is predicted to be marginally above $40 by the end of December 2022 (Average Price).
Solana Price Prediction 2022-2030 (Aggregate Price)
Solana Price Prediction 2022: $40
Solana Price Prediction 2025: $151
Solana Price Prediction 2030: $726

Solana Price Prediction 2022-2030 (Mathematical Calculation)

If Solana gains 30% a month, Solana’s Price Prediction for the end of 2022 is slightly over $99.6.
Solana Price Prediction 2030 is $284.5 if Solana gains 30% a year from now.
For 2040 Solana Price Prediction is $3922. To touch this mark, Solana has to gain a minimum of 30% a year.

Solana Price in USD

The overall market cap of Solana has marginally over $12 B. Solana remains to be the 9th largest cryptocurrency in terms of market cap.

Since January 2022, Solana has lost over 80% of its value and in the last 30 days, it has lost about 20% of its value.

Solana blockchain is facing steep competition from Cardano. Now with ETH merge, it will have more competition.

The Weekly Solana Price Prediction is between $23-$38.

Can Solana Reach $100: Why Solana May Not Be Able to Compete With Ethereum?

Solana has been deemed as the “Ethereum Killer” but the reality remains beyond it. The best bet for Solana blockchain has been its speed but beyond that Solana has failed to compete with Ethereum.

1. In order to differentiate itself, every blockchain network has tried to occupy a particular market, Solana portrayed itself as one of the biggest NFT players. However, it is lagging way behind Ehterum even in the field of NFT. More than 90% of the NFTs have been created as ERC-721 tokens on the Ethereum network.

2. Similar to Ethereum, Solana has built its own Layer 1 solution for NFTs and it is one of the fastest growing ecosystems but when compared to Ethereum, Solana remains to be a minor player in the NFT world.

3. One of the advantages of Solana over Ethereum was that the Soalan blockchain was more environmentally friendly. However, with Ethereum Merge, the ETH blockchain will be moving from a proof-of-work model to an environmentally friendly proof-of-stake ecosystem.

Latest Solana Technical Analysis Video

Solana Price Prediction 2023 (Video Analysis)

YouTube video

How much is Solana worth in 2022

Can Solana Reach $100: A Simple Calculation

Solana Price Prediction 2022

If Solana gains 30% a month at the current market price, Solana Price Prediction 2022 is slightly over $99.6.

If Solana gains only 5% a month, Solana Price Prediction for 2022 end is $42.39.

Will Solana Reach $500?

Solana Crypto Prediction 2025

Solana Crypto Prediction for 2025 is $151. (This prediction is based upon the aggregate prediction or average of predictions by multiple platforms)

Now if Solana gains, 10% a year, the maximum Solana Price Prediction 2025 is $51.36. If Solana gains 30% a month from now, SOL Price Prediction 2025 is $84.78.

Solana Price Prediction 2030

Solana Price Prediction 2030 is $284.5 if Solana gains 30% a year from now.

Solana Price Prediction 2030 is $51.5 if Solana gains 5% a year from now.

Solana Price Prediction 2040

For 2040 Solana Price Prediction is $3922. To touch this mark, Solana has to gain a minimum of 30% a year.

Solana Price Prediction 2040 is $83.94 when Solana gains only 5% a year.

Solana Price Prediction 2040 is $193.9 if Solana manages to add 10% to its value every year from now.

If Solana gains 20% a year from now, Solana Price Prediction 2040 is $846.

Solana Price Prediction: Aggregate Prediction

Solana Price Prediction 2022$40
Solana Price Prediction 2025$151
Solana Price Prediction 2030$726

Note: The Aggregate Solana Price Prediction is the average of Predicted Prices by different platforms.

Solana Price Prediction: Latest Solana Tweets

Solana Google Search Interest

Search Keyword: Solana

Google Search VolumeLast 24 Hours Trend
SolanaHigher

SOL Solana Price Prediction: Market Cap and Volume Data

Values
Market Cap Rank9th
Total Market Cap$11.4 B
Total Trading Volume$783 M

Solana Price Prediction: Today's Outlook

Overall OutlookMarginally Negative
Market WisdomMarginally Negative
Market DataNeutral
Technical RecommendationSell
Crowd's WisdomNeutral
Social Media Net SentimentSteady

Can Solana Reach $100: Transaction Statistics

NFT: According to Cryptoslam, sales of NFT on the Solana blockchain have fallen from $311 M in April 2022 to $32 M in August 2022. Ethereum too was struggling with sales on the Ethereum blockchain having fallen $3.3 B in April to $338 M in August. Immutablex saw a drop in sales from $35 M to $16.6 M.

DeFi: According to DeFiLlama, DeFi TVL on the Solana blockchain has remained in the $1.5 B range since July 13th peaking on July 31st at $2.15B. DeFi TVL Ethereum on the other hand has risen from $30B to $35B peaking on August 14th at $39.8 B

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Can Solana Reach $100: Is Solana a Good Investment?

1. Solana had a dream run in 2021. The Solana price was less than $2 at the beginning of 2021. In August 2021, SOL price for the first time went over $50 but the dream run of Solana began in September.

The price of 1 SOL went over $200 and it went on to reach $250. However, there was some retreat in the price of Solana in the last month of 2021. SOL price was marginally over $170 by the end of 2021.

2. 2022 has not been a year for Solana. From trading at over $170 in January 2022, Solana is now trading below $50. This year alone Solana has lost over 70% of its value. Even the prediction platforms have predicted the price of Solana to remain below $100 by the end of 2022.

3. Now talking about if Solana is a Good Investment. Solana has its own blockchain network and it is one of the fastest blockchain networks. Solana still remains to be one of the best investments but if you are looking for a short-term gain, then SOL may not be a good investment for short-term gains. Therefore, for Solana to be a good investment, one needs to hold SOL for a longer period.

Solana Price Prediction 2022: Performance in 2022

Last 5 DaysYTD
Cardano-0.3%-68.1%
Ethereum+3.7%-65.5%
Bitcoin+1.9%-60.5%
Solana+5.4%-80.9%

Can Solana Reach $100: Will Solana Recover?

Some observations from the table below. In 2022,

  1. Whenever both Cardano and Solana have fallen, Solana has fallen more
  2. Whenever both Solana and Cardano have risen, Solana has risen much more.

Solana has been the worst-performing cryptocurrency when compared to the performance of Cardano and Ethereum this year. In the last 2 months, Ethereum has made some progress but for Solana, there has been almost no change in the outlook.

Overall, all the three competitors have lost big this year. Solana is the ultimate loser as it has lost around 80% of its value since January 2022. Solana was trading at over $170 in the first week of January 2022 and now it is trading below $50. Ethereum's price was well over $3000 in the first week of January and now it is struggling below $2000.

Looking at the performance of Solana and also comparing it with that of Cardano and Ethereum it is highly unlikely that Solana will reach its January 2022 value. One of the main reasons for this is the current condition of the world economy and the rising inflation. Added to it there is fear of the US Fed increasing the FED rates once again. Therefore, for Solana to reach, all these factors need to work in tandem.

The geopolitical environment should be positive and more investors should flock in to invest in Solana. Unless that happens, it is unlikely that Solana will rise this year.

Solana Price Prediction: What is Solana?

Solana is a blockchain platform that supports smart contracts including NFTs. It was created as a competitor to the Ethereum blockchain network. As it is known that most cryptocurrency projects are based upon the Ethereum blockchain, the Solana blockchain serves as an alternative to it. One of the popular cryptocurrencies based upon the Solana blockchain network is Stepn. Here are some facts about the Solana:

  • Solana is a public blockchain network with integrated smart contract functionality.
  • SOL is the native token of the Solana blockchain network.
  • Solana was first proposed by Anatoly Yakovenko in November of 2017.
  • The first block of Solana was created on March 16, 2020.
  • Solana uses a consensus mechanism between proof-of-stake and proof-of-history.

Competition of Solana: Ethereum, Cardano.

Solana Price Prediction: Comparing Solana Vs Cardano on the following aspects:

Solana Price Prediction: How to buy Solana?

Solana can be purchased in many ways.

(A). Use your currency (Dollars, Pounds etc) to buy Solana on any of the Cryptocurrency Exchanges - Coinbase, FTX, Binance etc

(B). Use your existing cryptocurrency wallet and a DEX to exchange your cryptocurrency with another cryptocurrency

If you wish to purchase from a cryptocurrency exchange, the process if fairly simple

1. Create an account with any of Coinbase, Binance, FTX, Crypto.com, Kraken etc. This will need some basic documentation that ensures KYC so that these exchanges are not used for Money Laundering. Bigger exchanges tend to have a higher fee while smaller tend to lower fees but are regarded as less safe.

2. Each of these exchanges has various features and transaction fees. So evaluate them carefully.

3. Add a payment method (Bank account, debit or credit card, wire transfer) and then fund the account

4. Start trading by selecting SOL trading symbol and then enter the quantity

5. On Binance, you can use peer to peer method to buy from other users

6. You can store your crypto in the trading account or your personal wallet(You need to open another account for that)

SOL Price 2021

Recap of Solana's Performance in 2021

The year 2021 was the best year for Solana investors. The cryptocurrency was priced just below $0.5 on the 1st of January 2021 but at the end of the year, Solana closed at above $170.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions. 

Crowdwisdom360 Crypto Predictions Page

Sol Price Prediction: Solana Gains Marginally as Outlook Turns Neutral