Solana Price Prediction: Will Solana rise to $50 and Predictions for 2022, 2025 and 2030

Solana Price Prediction: Will Solana rise to $50 and Predictions for 2022, 2025 and 2030
Solana Price Prediction: Solana’s price is predicted to be marginally over $50 by the end of December 2022. The current outlook of Solana is Positive.

If Solana rises 5% every month from now, by the end of 2022 SOL price will be $55 and if it rises around 10% every month, Solana price would be $69.84

Solana Price Prediction 2022: $54
Solana Price Prediction 2025: $123
Solana Price Prediction 2030: $698

Read our detailed analysis on How High Will Solana Go This Year and the Solana Price Prediction 2022.

Solana Price in USD

The Latest Solana price is $43.37 which is 1.5% lower than 24 hours ago. The market cap is $15.11 B while the Trading Volume is $1.53 B.

  • The latest inflation report has led to the surge in the crypto market which in turn led to Solana’s price rise by over $40.
  • The current surge indicates the increase in market participation which had crashed since February this year.
  • Solana’s increasing presence in the NFT industry is also supporting the Solana ecosystem. Solana is the second-biggest player in the sector after Ethereum.
  • However, one factor that could derail the rise of Solana is its blockchain network which has experienced numerous outages in the past few months. Solana has become a victim of hacking multiple times in the last one year.

Solana Price Prediction 2022, 2025 and 2030

As per our latest survey, around 70% of the respondents believe that Solana will rise over $50 by the end of August 2022. Here is our few predictions for Solana:

How High Will Solana Go This Year: A Simple Calculation

What If SOL Price Rises 5% and 10% Every Month?

Price as of August 4th$43.37
Market Cap as of August 4th$15.11 B
If Solana were to rise 5% a month, what will be Price By the End of 2022?$55.35
If Solana were to rise 10% a month, what will be Price By the End of 2022?$69.84

If Solana gains 5% every month, by the end of 2022, Solana’s price could reach $55.3. If Solana rises 10% every month, we could see the price of Solana reaching $69.84.

Solana Price Prediction: Aggregate Prediction

Max
Solana Price Prediction 2022$54
Solana Price Prediction 2025$123
Solana Price Prediction 2030$698
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What are the factors that Could Influence Solana’s Price?

Solana has been one such cryptocurrency that has been able to rise quickly and has also lost a maximum of its value very quickly. Here are the factors that could influence the rise of Solana:

  • Geopolitical Events: Geopolitical events like war, an increase in tax in the US, and crypto regulations have influenced the price of Cryptocurrencies widely. The ongoing Russia-Ukraine conflict has been one of the major causes for the price of cryptocurrencies to fall. Solana’s price has been widely influenced by such events. If there is no major disruption in the remaining part of this year we may see Solana’s price rising once again.
  • Glitch in Solana’s Network: Solana has been very much affected by the network glitch. Many times due to the glitch in Solana’s network there has been panic selling leading to a massive crash in the price of Solana. Therefore, even if the market condition improves, the network issue of Solana may lead to a crash in the price of Solana.
  • Increase in the Long-Term Holders: The surge in the price of Solana will also depend on the holders. If there are maximum short-term holders then there are maximum chances for the price to rise temporarily as these holders look for short-term profit and exit the market after they make some profit out of their investment. Therefore, for the price of Solana to rise, there must be an increase in the number of long-term holders.

Solana Performance in 2022

Last 5 DaysYTD
Cardano+6.5%-60.5%
Ethereum+11.7%-49.8%
Bitcoin+6.6%-48.8%
Solana+10.7%-75.3%

Solana Price Prediction Today

Overall OutlookPositive
1. Market’s WisdomPositive
1a. Market DataLower
1b. Technical RecommendationBuy
2. Crowd’s Wisdom Positive
2a. Crowd’s BuzzHigher
2b. Social Media SentimentHigher

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.

Why is Solana Valuable?

  • Solana is the best competitor of Ethereum due to its lightning-fast speed and lower transaction fees.
  • Solana can process over 50,000 transactions per second (TPS), whereas Ethereum can just process within a range of 15-45 TPS
  • Solana utilizes a Proof-of-History consensus mechanism, an innovative approach that enables quick turnaround times during transactions
  • Solana is the third-largest chain in terms of TVL, with a total of $7.9 billion value locked in the ecosystem.
  • SOL tokens can be used to make micropayments known as lamports.
  • SOL tokens can also be used to receive rewards and pay transaction fees. SOL tokens also help users participate in the governance.

Competition of Solana: Ethereum, Cardano.

Comparing Solana Vs Cardano on the following aspects:

ParameterSolana (SOL)Cardano (ADA)
Transactions Per Second (TPS)50,000250
Fee Per Transaction (Average)$0.0025$0.44
Transaction Time0.4 Seconds10 mins
Transaction Verifiers1,8732,376

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.
SolanaEthereum
January-41%-27%
February0%9%
March23%12%
April-31%-17%
May-46%-29%
June-18%-42%
July-1%-1%
YTD-76%-60%

Solana: Other Questions

Is Solana a good investment in 2022?

Solana had a dream run in 2021. The price of 1 SOL 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 November. The price of 1 SOL went over $200 and it went on to breach $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.

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.

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.

Is Solana Better than Cardano?

It is the 9th largest cryptocurrency by market cap according to CoinMarketCap. Cardano was launched in 2017 by Ethereum’s co-founder and is dubbed to be the 3rd generation blockchain. Solana is able to gain an upper hand on ADA by combining the Proof of Stake and Proof of History mechanisms which make is more secure and immutable.

Solana launched its blockchain as ‘cheap and fast’ which attracted people to use SOL in the 1st place. However, the place where ADA wins over SOL is its carbon footprint. ADA claims to be carbon negative but SOL is still carbon positive despite consuming very less energy as compared to others, the Solana Foundation has said that it is still working to make is carbon neutral.

Does Solana have a Future?

Solana was built as an alternative to the Ethereum blockchain. As we know most of the cryptos are based on the Ethereum blockchain network but the ETH blockchain network is expensive and most of the developers have been exploring a cheaper blockchain network. Solana provides a base for the less expensive blockchain network.

One of the latest development on the Solana blockchain is STEPN which has two plays to earn tokens. GMT and GST. Therefore, looking at the advancement of Solana’s blockchain network, it can be said that Solana has a future.

Is it worth buying Solana?

Investing in cryptos has been risky since the very beginning but despite the risk, the investors have been able to make a big profit out of it. Solana which was trading less than $5 in the first week of January 2021, breached $250 in November 2021 giving early investors a huge profit.

However, 2022 has not been the same for Solana and it is been a tough phase for entire cryptocurrencies. Solana from trading at over $170 in the first week of January 2022 crashed below $50 and it is currently trading below $50.

But only considering this aspect one cannot say that Solana is not worth buying. Cryptos and stocks are down and it highly impacted by the ongoing geopolitical events. Therefore, if you are prepared for long-term investment, Solana is worth buying, however, it is advisable to make personal research before making an investment in Solana.

What is a good price to buy Solana?

Solana’s current price is below $50 but Solana has breached $260 in November 2021 and was over $160 in January 2022.

The current condition of Solana is not because there is some fault in the Solana blockchain, the current situation is due to the multiple geopolitical events that led to the crashing of Solana and all the cryptocurrencies. When Corona hit the world, the world economy shrank but cryptocurrency was booming and in 2021, the overall market cap of cryptocurrencies went over $3T.

However, as the economy around the world collapsed, US Fed started to increase the rate which affected the crypto market. When the market was already trading lower, the Russia-Ukraine conflict started which led to the crypto market cap falling below $2T.

With different events, combined inflation rose and the global economy technically entered the recession. All these factors led to the crypto market cap retreat below $1 T. Currently, there is some recovery but the full recovery may not be possible this year. Therefore, it will be a wise decision to buy Solana at the current price but it is advisable to make more research before making an investment,

What will Solana be worth in 5 years?

It is highly difficult to predict what will be worth of Solana in the next 5 years. However, if the market condition improves, by 2027 end we may see Solana breach over $500. Some platforms have even predicted the price of Solana to be worth $1000 in the next five years.

What are the Problems with Solana?

The major problem with Solana has been its security and network. Added to it there are several macro issues. Here are the main problems that Solana is facing:

  • Solana’s repeated security and technical issues have caused immense harm to $SOL. The fact that they occur at an alarming regularity is a major risk as far as Solana is concerned.
  • The Macro issue has been discussed and done to death, higher rates and inflation have caused many investors to pull out of both cryptocurrencies and stocks. This is likely to continue for some time and is the single biggest factor why cryptocurrencies are struggling.

Read: Bitcoin Price Prediction

How to buy Solana?

Solana can be purchased in many ways.

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

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

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