Solana is one of the most advanced blockchains on the market, having only launched in 2020. In its short existence, it has already barged its way into the top ten cryptocurrencies by market cap and inevitably earned itself a reputation as a potential Ethereum Killer.
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The last 18 months have been one of the most exciting periods in cryptocurrency’s history, with DeFi platforms soaring in popularity, increased interest from mainstream investors and the public’s seemingly endless appetite for Non Fungible Tokens. However, as the industry continues to grow, so too do the demands placed on the leading blockchains that host the new projects ushering in this new era.
Nowhere is this more apparent than with Ethereum - the most popular platform for DeFi. It is common knowledge that the various projects running on the network have caused significant congestion, which has led to exorbitant GAS fees. This in turn has led to many developers seeking an alternative - and that is where projects like Solana have stepped in.
Solana offers high speeds at low costs and is capable of supporting all the latest blockchain innovations. What’s more, developers and investors have been quick to realise its value and in less than two years after launching, SOL went from trading under $1 to a record high of $259.96.
So is Solana set to establish itself as one of the leading blockchains on the market? And is now a good time to invest in its native token, SOL? In the following Solana price prediction for 2025 and 2030, we’ll consider what the future may hold for the project.
A Brief History Of Solana
The idea that would eventually underpin the Solana project was first mooted in 2017 with the publication of founder Anatoly Yakovenko’s whitepaper that outlined a revolutionary time-stamp mechanism called Proof of History (more on this later). At the time scalability issues had been identified with the likes of Ethereum and Bitcoin and Yakovenko believed his technology would allow for much faster, more scalable blockchain networks.
As his project gathered pace, Yakovenko was joined by former Qualcomm alumni Greg Fitzgerald and Stephen Akridge. The trio began taking the initial idea further and would eventually form Solana Labs and throughout 2018 the team raised over $20 million in funding. Following an extensive testing phase, Solana went live in 2020.
What’s So Special About Solana?
Having been developed over several years and only launching in 2020, the team behind Solana was able to make design choices based on the demands of the modern blockchain industry. In other words, they were able to focus on the key fundamentals of scalability, interoperability and flexibility that developers need to launch their applications.
On the surface, Solana operates much like any other smart chain. It has a native cryptocurrency, SOL, which underpins the entire system and allows users to build applications, process transactions and incentivises those taking part in the running of the network.
However, the key innovation of the Solana project is probably its timestamp system called Proof-of-History. The exact workings of PoH are too complex to go be explained in full here, but what it does is create a record of an event on the blockchain - including the specific moment in time it occurred. This provides a reference point for Proof-of-Stake protocols on the network and means that blocks do not have to be confirmed in a rigid sequence, as is the case with most PoS systems.
Combining Proof-of-History and Proof-of-Stake allows Solana to process transactions at impressive speeds, with developers claiming it has the capability to process some 65,000 TPS. This, if true, makes Solana one of the fastest blockchains in existence.
In addition to its high speed, it Solana is also cheap. The average cost of transacting on the network has been estimated at just $0.00025 on average, making it far more cost-effective than Ethereum and, we assume, highly appealing to developers.
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The SOL Token
Driving the Solana protocol is its native token, SOL. SOL is built according to the SPL standard, which is effectively Solana’s equivalent of Ethereum’s ERC-20. SOL has two uses on the network: it can be used to pay usage fees and is an integral part of the consensus mechanism. SOL can also have further uses depending on how it is utilised by DApps built on Solana. Chainvote, for example, uses SOL as part of a voting system.
According to the Solana Foundation, SOL will have a total supply cap of 489 million. At the time of writing, there is a circulating supply of 319,659,142. There is also a burn mechanism, wherein 50% of the fees collected on the platform are permanently removed from circulation.
Looking At SOL’s Price History
SOL was first listed back in April 2020 and since then it has seen significant growth. Initially, it had a trading price of $0.87, but this declined to around $0.60 and, despite some small fluctuation, SOL stayed around this price for several weeks. However, by the end of summer, the token had soared past the dollar and in September it had reached $4.79 - growth of almost 500% in less than a year.
The strong performance that SOL saw in the latter half of 2020 was nothing compared to what was to come in 2021. By February, the token had climbed to $15.16 and a sustained bull followed over March and April that pushed it up to $47.66. SOL’s price then spiked again in May, reaching an unprecedented $56.20 in the third week of the month.
There then followed a cool down and a fair amount of volatility over the summer, but when September arrived SOL underwent the first of several major upswings. SOL surged by over 360% in less than a month and hit a trading price of $189.34. A slight downturn followed before SOL spiked to $203.17 in October.
November 2021 was Solana’s most successful month to date, with the token soaring to its all-time high of $259.96. The market then slowed down across the board, before a downturn in January took Solana to around $89.60.
Read Also: The 5 Best Ways To Buy Solana (SOL)
Solana (SOL) Price Predictions: 2025-2030
According to long-term forecasts, the solana coin is estimated to have an upward trajectory. The price of SOL is predicted to hit $2,300 in 2025 and $4,200 in 2030. It can prove to be a solid investment in the coming years.
SOL Price Prediction 2025 to 2030:
| Year | Maximum Price | Minimum Price |
|---|---|---|
| 2025 | $1,164 | $411 |
| 2026 | $1,461 | $560 |
| 2027 | $2,080 | $620 |
| 2028 | $3,100 | $870 |
| 2029 | $4,300 | $1,050 |
| 2030 | $5,560 | $1,780 |
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Solana Price Predictions For 2025
Having looked at SOL’s price performance over the last two years, it is more than evident that the token is capable of yielding impressive returns. It also appears to have held its value well, relative to some other newer tokens. But what can we expect from Solana in the coming years?
DigitalCoinPrice is positive about the project’s future. According to its Solana price prediction for 2025, SOL will go from strength to strength over the next few years - albeit with the occasional downturn. By 2025, Solana is expected to establish itself above $1000 and could potentially reach an average trading price of $1220 over the summer of that year.
Another platform that is forecasting growth for Solana is WalletInvestor. Its technical analysis suggests the token will regain the $200-mark by the end of 2022 and continue to grow year on year. At the end of 2023, the token is expected to have reached a potential high of $463 and by the time 2025 arrives, we could see a single SOL token being valued at $661.
Finally, TradingBeasts has also made a Solana price prediction for 2025. The platform, known for its more conservative forecasts, believes that SOL will experience a turbulent few years. Whilst it may exhibit growth of 10-15% at times over 2022 and 2023, it is likely to see several downturns that will wipe out these gains. However, as 2025 draws to a close, TradingBeasts predicts SOL will have reached over $123
Solana Price Predictions For 2030
According to Solana price prediction 2030 and long-term technical analysis, the price of SOL will be worth as much as $5,000 per token in 2030.
The next three to four years are expected to be positive for Solana, but what then - is the token likely to be a good long-term investment? Whilst we always advise readers to take longer forecasts with a pinch of salt, they are often a good indicator of current market sentiment towards a particular project.
DigitalCoinPrice’s Solana price prediction for 2030 suggests the token could see some pretty serious growth. By the time 2027 draws to a close, it has SOL trading at a respectable $1,329. This success is then expected to continue to the end of the current decade and by the time 2030 arrives, SOL is predicted to be worth $3457.91.
Crypto experts believe that (Solana) SOL will see impressive returns throughout 2026 and 2027, reaching an average trading price of $3304.43 by 2028. Just two years later, the token is predicted to have reached $5371 in 2030.
Finally, Priceprediction.net has also made its own Solana price prediction for 2030 - and it is optimistic to say the least. According to its analysis, SOL will trade at an average price in excess of $660 as early as 2026 and this number will continue to climb as the years go by. By the time we get to 2030, the platform suggests SOL could be worth $2,586 per token.
We would again point out that these Solana price predictions for 2030 are highly speculative. The cryptocurrency market changes fast and long-term forecasts fail to consider the technical advancements, regulatory changes or shifting investor habits that may affect prices further down the line.
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Is Solana Really An Ethereum Killer?
There’s no doubt that Solana is a highly advanced blockchain and its combination of proof-of-history and proof-of-stake makes it highly scalable. Solana can also boast much lower fees than many of its rival smart chains. But can it really go head-to-head with Ethereum?
Whilst Solana is the newer platform, we feel it's worth pointing out that there are other smart chains that can outperform Ethereum and, as things stand, Solana still lags behind Cardano and Binance in terms of market cap. We also need to remember that Ethereum is currently undergoing major upgrades which will - in theory - make it much faster and with cheaper gas fees.
On paper, Solana can compete with any smart chain out there, but investors should always bear in mind that technical superiority doesn’t always equate to returns. After all, Bitcoin still dominates the market, despite being the oldest token on the market.
So is Solana an Ethereum Killer? Only time will tell.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Conclusion: Should You Invest In Solana?
Solana is an advanced platform that appears to address several issues that have arisen in the cryptocurrency market over the last few years. Its development team spent years perfecting their design and have brought genuine innovation to blockchain that could prove highly valuable as the demands of DeFi increase.
The price predictions we have seen for Solana are almost universally positive and, whilst the figures we have seen forecast are by no means guaranteed, they are certainly a good sign for SOL’s future.
The bottom line is that anyone who chose to invest in Solana early on would have seen substantial returns in a relatively short space of time. We have seen that the token is capable of commanding a price much higher than it is currently trading at, so there’s every reason to believe it will see growth in the future.
If you’re a cryptocurrency investor looking to diversify your portfolio, then we definitely think Solana is worthy of consideration. As always, ensure you conduct careful research before committing funds and make sure you keep abreast of developments within the Solana camp, as well as with rival platforms.
Where To Buy Solana Crypto Asset
If you’re looking to add Solana to your portfolio then the good news is that the token is listed on many major exchanges. If you are yet to choose a provider, then we’d recommend checking out eToro, as the platform has one of the best reputations in the industry and offers a wealth of information and resources on all things trading and investment.
Opening an account is simple and, once verified, you’ll have access to eToro’s award-winning trading program. Even if you choose not to invest in Solana, you’ll find eToro lists many other top tokens, including Bitcoin, Ethereum, Avalanche and Curve.
eToro – The Best Platform To Buy Solana
eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
FAQs
What is Solana?
Solana is an advanced blockchain platform that supports all the latest smart applications. With an innovative consensus mechanism, it purports to be one of the fastest networks in existence and has already proven a hit with developers. The platform’s native token, SOL, has seen a huge increase in value over the last year or so and several analysts believe it will continue to grow in the coming years.
Is Solana faster than Ethereum?
Solana uses an innovative timestamp protocol called proof-of-history, in conjunction with a more traditional proof-of-stake consensus mechanism. This approach has allowed the platform to achieve speeds that beat many other smart chains on the market - especially Ethereum. However, with the Ethereum 2.0 upgrades in the pipeline, who knows which project will emerge as the fastest overall.
Can Solana support DeFi?
Solana can support just about anything - from DeFi to NFTs. In fact, Solana is one of the fastest, most scalable and cost-effective platforms on the market, offering developers the perfect environment to create innovative blockchain solutions.
Should I invest in Solana?
Solana’s SOL token has performed extremely well over the last year, reaching record highs in November of 2021. The token has since dropped slightly in price and many market commentators are predicting a recovery. In fact, we have seen Solana price predictions for 2025 that suggest the token will reach as high as $661 in the coming years. Of course, these are only predictions, but it would certainly seem that Solana is a worthwhile investment option at this stage.
Where can I buy Solana?
If you want to buy Solana then you’ll need to find a broker or exchange that can give you access to the market. There are hundreds to choose from, but we think that eToro is the best option for most investors. It has a highly approachable trading platform and a simple onboarding process that means you can be up and running in minutes. Once you open an account, you’ll also be able to access eToro’s market reports as well as social trading options.
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