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Solana Price Predictions: How Much Will SOL be Worth in 2022 and Beyond?

Will Solana go up or crash? Read our Solana Price Predictions 2022 – 2030

Last Updated November 29th 2021
19 Min Read

Wondering ‘is Solana a good investment?’ Or ‘how high could Solana go?’ Keep reading to find out what Solana could be worth in 2022-2027.

After Solana’s (SOL) mind-blowing performance in 2021, the asset gained major attention from crypto investors. 2021 sent some big names packing and brought previously obscure cryptos into the spotlight. One of these is Solana, a ‘proof-of-history’ blockchain that is currently the world’s 5th largest cryptocurrency by market cap. But will Solana’s bullish trend continue? 

At the time of writing, the price of 1 SOL is $204.49 and the asset’s market cap is $62,175,002,566. It’s overtaken competitors such as Cardano (ADA), Ripple XRP (XRP), and Polkadot (DOT) to secure its position and become one of the top coins to own. So, if you’ve recently discovered Solana for the first time, how does this crypto work? And more importantly, could it be a good addition to your portfolio?

According to recent long-term forecasts, the price of Solana could reach $861.585 by the end of 2022, rising to $1,884.81 by the end of 2023 and $5,076 by the end of 2025. Solana will then rise to $6,418 in 2027, and $9,026 in 2030.

In this article, we’ll explain what exactly Solana is and how it works. Then, we’ll guide you through some of the most compelling cryptocurrency predictions to try and answer the question ‘is Solana a good investment?’

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Contents:

What Is Solana (SOL) And How Does It Work?

Billed as the world’s first web-scale blockchain, Solana is a Practical Byzantine Fault Tolerance-based (PBFT) proof-of-history (PoH) system. This may be a bit of a mouthful but put simply, a PBFT system has been designed to minimise the risk of malicious nodes (another word for the devices or servers that make up the network).

It operates on the principle that the total number of malicious nodes must always be less than one-third of all the nodes in the system. As the number of nodes increases, this means that the system becomes more secure. Solana isn’t the only cryptocurrency that uses a PBFT system — Ripple XRP (XRP), Stellar Lumens (XLM), and Hyperledger are all based on this type of blockchain too.

Because PBFT networks become more secure as they grow, they are a potential solution to the problem of scalability. Scaling up the blockchain for global adoption has been a problem ever since the launch of Bitcoin (BTC) — and in 2017, the Swiss company Solana Labs built Solana to solve this issue. (SOL tokens were only released to the public in April 2020)

As a third-generation cryptocurrency, Solana has been developed to overcome some of the key problems that earlier cryptos have had to battle. As well as being much more scalable, Solana is also capable of processing transactions far more quickly than platforms such as Bitcoin and Ethereum. While Bitcoin can process just 4.6 transactions a second (TPS), the Solana blockchain promises to process a staggering 50,000 TPS. That’s over 10,000 more than BTC! 

Another feature that sets Solana apart is its PoH consensus mechanism. Most cryptocurrency networks use either a proof-of-stake (PoS) or proof-of-work (PoW). Solana’s proof-of-history consensus is sometimes referred to as a blockchain clock, and it works by encoding timestamps into messages and transactions. This enables users to create historical records that prove exactly when data is added to the blockchain. 

So, where does the SOL token fit into this? SOL is the native cryptocurrency of the Solana platform. You can use SOL tokens to carry out micropayments within the network (these are known as lamports) and it’s also possible to stake your SOL funds to earn rewards. 

The Solana network and token aren’t aimed towards your average retail investor. The platform was designed for blockchain engineers and software developers who want to create decentralised apps (dApps) or other blockchain projects. That said, it’s possible to buy SOL tokens on cryptocurrency exchanges, making it a potential addition to your investment portfolio.

Solana may have risen the crypto rankings, but is SOL a good investment? Discover some of the top cryptocurrency predictions for the price of Solana in 2022 and beyond.

invest in solana

Short-term Solana (SOL) Price Predictions: 2022

Solana price prediction for 2022

Because SOL has only been on the market for a little over a year, many people are keen to find out whether its recent bull run is sustainable. According to CoinMarketCap, the SOL token’s current all-time high (ATH) is $260.06, which it hit on the 6th of November 2021. Is SOLANA likely to achieve a new ATH in 2022?

Data from WalletInvestor suggests the answer is yes. This investment analysis platform is optimistic about the short-term prospects of Solana, believing that SOL could quadruple in value in 2022, as we can see in the graph below. 

SOL short term prediction chart

According to WalletInvestor’s 2022 Solana price forecast, SOL could hit the following prices at the end of the year:

  • Average: $772.726
  • Minimum: $676.766
  • Maximum: $861.585

Even WalletInvestor’s lowest price prediction for 2022 of $676.766 is extremely optimistic. At the very lowest, WalletInvestor could be worth $256.282 in 2022, which though is lower than its ATH, is more than $50 above its current price. If these predictions come true, Solana will not be worth any lower than $250 in 2022.

WalletInvestor also states: “According to present data Solana (SOL) and potentially its market environment has been in a bullish cycle in the last 12 months [...]. Our Ai cryptocurrency analyst implies that there will be a positive trend in the future and the SOL might be good for investing for making money.”

Cryptocurrency Price Prediction is also optimistic about the short-term prospects of Solana, giving a similar prediction to WalletInvestor. Cryptocurrency Price Prediction suggests that the ongoing release of SOL tokens will cause the value of the cryptocurrency to increase hugely over its first few years of circulation, as they explain:

“[SIC] As Solana is slowly releasing token from Distribution per month, as in the year 2021 there will be a huge percentage of Token will be released for trading and that can be responsible another steady growth”.

According to their analysis, Solana will jump from $433.12 in January to $724.76 by December 2022 — which roughly aligns with WalletInvestor’s average price for the end of 2022 but is lower than their maximum price. Here’s Cryptocurrency Price Prediction’s Solana forecast for 2022:

Short-Term Solana Price Predictions For 2022:

MONTH & YEAR

SOL PRICE PREDICTION

January 2022

$433.12

February 2022

$483.17

March 2022

$511.47

April 2022

$550.64

May 2022

$409.17

June 2022

$483.17

July 2022

$531.06

August 2022

$629.00

September 2022

$642.05

October 2022

$700.82

November 2022

$748.70

December 2022

$724.76

 

The fact that this price prediction is similar to WalletInvestor’s gives strength to the idea that SOL could reach $700 in 2022. However, for Solana to start 2022 at $433.12 it would need to double from its current price of $204.49.

Trading Beasts has given a much more conservative prediction. This platform doesn’t expect the price of Solana SOL to exceed $263.183 at the highest by the end of 2022. They also state: “[A]ccording to our forecasts, the Solana price is going to increase. [...] by the end of 2022, the average Solana price is expected to be $210.546”.

As we can see in the table below, it predicts modest month-by-month growth. While Cryptocurrency Price Prediction expects to see a series of rapid bull runs, Trading Beasts thinks that Solana will just about outstrip its current ATH of $260.06. Here’s Trading Beasts’ Solana 2022 price forecast:

Solana (SOL) Price Predictions in 2022:

Month Minimum Price Maximum Price Average Price Change
January 2022 $141.790 $208.515 $166.812 -12.06%
February 2022 $144.651 $212.722 $170.178 -10.29%
March 2022 $147.358 $216.704 $173.363 -8.61%
April 2022 $150.487 $221.304 $177.043 -6.67%
May 2022 $153.640 $225.941 $180.752 -4.71%
June 2022 $157.019 $230.910 $184.728 -2.62%
July 2022 $160.398 $235.879 $188.703 -0.52%
August 2022 $163.993 $241.166 $192.933 1.71%
September 2022 $167.683 $246.593 $197.274 4.00%
October 2022 $171.334 $251.962 $201.570 6.26%
November 2022 $175.181 $257.619 $206.095 8.65%
December 2022 $178.964 $263.183 $210.546 11.00%

 

As the current price of 1 SOL is $204.49, this prediction hardly paints the optimistic picture we saw from both WalletInvestor and Cryptocurrency Price Prediction, though it does suggest that SOL’s minimum, average, and maximum prices could increase gradually. It could also be viewed as a positive price prediction in the sense that they doubt prices will decline and that SOL will maintain its 2021 gains.

So, is Solana a good investment in 2022?

Short-term Solana price predictions suggest that SOL could be a safe investment in 2022. No one predicts that Solana will close 2022 at a lower price than its current value, which should be a reassuring sign to investors.

What Will Happen to the Price of Solana (SOL) in 2022?

According to the predictions, the price of Solana could reach a maximum value of between $724.76 and $861.585 by the end of December 2022, a hugely encouraging sign. On the lower end, Solana could struggle to reach a maximum price of $263.183.

Will the Price of Solana (SOL) Go Up in 2022?

The price of Solana will probably go up in 2022, though forecasts vary significantly. WalletInvestor and Cryptocurrency Price Prediction offer the most positive predictions, both believing that SOL still has some steam left to blast past its current ATH in 2022. Trading Beasts isn’t so optimistic but still expects to see SOL close the year at a higher price than it is currently trading.

Additional predictions for the price of Solana (SOL) in 2022 include:

  • Coin Price Forecast: $801
  • The Economy Forecast Agency: $860
  • DigitalCoin: $406.66
  • Price Prediction: $346.78
  • CryptoGround: $266.21

 

Elsewhere, David Cox of CryptoNewsZ said:

“With a number of partnerships and alliances and community funding, the market looks back at Solana to perform with a price change reaching a level of $58 during 2022, which is quite optimistic but undoubtedly feasible compared to other cryptocurrencies like Ethereum, Bitcoin, etc.”

And Daria Morgen of Changelly added:

“2022 is when things can get a little more interesting. Forecasted Solana price may become less volatile by the beginning of next year, and if it manages to stay above the $200 mark, we may see considerable growth of SOL price in 2022. According to our Solana (SOL) price prediction, the cryptocurrency will stay in the $300 range in 2022, and may possibly go up to as far as $400”.

The key question now is whether its long-term prospects are as promising as its short-term ones.

Read Also: Why Solana Is Going To Explode This Year

invest in solana

Long-term Solana (SOL) Price Predictions: 2023-2030

What are crypto experts forecasting for Solana in 2023 and beyond? Now that we’ve seen what could happen to the price of Solana in 2022, let’s look ahead to some of the long-term predictions. Considering the Solana asset has only been on the market since 2020, we don’t have that much past data to go on. That means it’s crucial to look at technical analysis to try and answer the question ‘is Solana a good investment?’

Our first long-term price prediction comes from Coin Price Forecast. Like Cryptocurrency Price Prediction, this platform is incredibly optimistic about the short and long-term prospects of Solana.

According to its analysis, Solana could reach a top price of $801 before the end of 2022. This could rise to $2,136 by the end of 2023, $5,076 by the end of 2025, and $8,201 by the very end of 2030.

And it won’t stop there, as we can see in Coin Price Forecast’s table below:

Solana (SOL) Price Predictions 2023-2033

Year Mid-Year Year-End Tod/End,%
2023 $1,352 $2,136 +946%
2024 $3,168 $3,746 +1,735%
2025 $4,781 $5,076 +2,386%
2026 $5,116 $6,087 +2,881%
2027 $6,418 $6,129 +2,902%
2028 $5,484 $6,544 +3,105%
2029 $7,730 $8,368 +3,998%
2030 $9,026 $8,201 +3,916%
2031 $8,970 $9,659 +4,630%
2032 $8,648 $9,193 +4,402%
2033 $10,304 $11,499 +5,532%

 

These bullish predictions suggest that Solana is in for a bright future with potential growth that would set it apart from a lot of its competition. The fact it went from being the 42nd-largest crypto by market cap to the 5th-largest in less than a year shows the asset is no stranger to fast-paced growth. But are these predictions too good to be true?

Coin Price Forecast expects Solana to hit $1,000 as early as 2023. For the most part, this number will continue to rise steadily. And if you’re wondering ‘what will Solana be worth in 2030?’ This technical analysis is an encouraging prospect: Coin Price Forecast believes that the price of Solana (SOL) could be worth a staggering $8,201 by the end of 2030 and could surpass $10,000 by 2033.

For 2022 to 2027, Coin Price Forecast also added: “These five years would bring a super jump: Solana price would move from $801 to $6,129, which is up 665%. Solana will start 2023 at $801, then soar to $1,352 within the first six months of the year and finish 2023 at $2,136. That means +946% from today”.

DigitalCoin’s price forecast may seem a little underwhelming when contrasted with the one above, but it’s still an encouraging sign. The investment analysis site has forecasted that Solana will keep rising year-on-year (except for 2027), although not at the same level as Coin Price Forecast, as we can see from their chart below.

SOL long term prediction chart

Over the next several years, DigitalCoin expects Solana to hit the following milestones from 2023 to 2028:

  • 2023: $413.24
  • 2024: $500.91
  • 2025: $608.20
  • 2026: $732.30
  • 2027: $702.25
  • 2028: $895.33

DigitalCoin thinks Solana will be $413.24 in 2022, rising to $500.91 by the end of 2024, an impressive $608.2 by the end of 2025, and reach an ATH of $895.33 by 2028. 

According to DigitalCoin’s predictions, Solana isn’t set to pass $1,000 any time soon — a stark contrast to Coin Price Forecast’s belief that Solana SOL will hit $1,000 by mid-2023. However, it does show that the price of Solana will ultimately follow a cautiously bullish trend.

On top of that DigitalCoin also clarified a few details in their FAQs. They explained that “Solana (SOL) price will increase according to our predicted data in future” and “Yes, Solana (SOL) is [a] profitable investment based on our forecasting” and “No, Solana (SOL) price will not be downward based on our estimated prediction”.

The Economy Forecast Agency’s predictions are a fair bit higher than those from DigitalCoin. This platform expects to see Solana reach the $1,000 milestone by 2023 at the earliest, racing past $600, $700, $800, and even $900 in the same year. Further afield, however, The Economy Forecast Agency doesn’t expect the momentum to last, with their forecasts suggesting that SOL will not be able to move past a maximum of $1,382 in October 2024, with most prices after this period ranging between $600 and $1,000 for 2025.

Their predictions may suggest an emerging decline by 2025, with SOL reaching potential lows of $569 by September 2025, lows it would not have seen in the previous two years.

Solana (SOL) Price Predictions In 2024:

Month Open Low-High Close Mo,% Total,%
Jan 2024 $858 $690-$858 $742 -13.5% 266%
Feb 2024 $742 $658-$758 $708 -4.6% 249%
Mar 2024 $708 $618-$710 $664 -6.2% 227%
Apr 2024 $664 $664-$824 $770 16.0% 279%
May 2024 $770 $770-$956 $893 16.0% 340%
Jun 2024 $893 $893-$1,109 $1,036 16.0% 410%
Jul 2024 $1,036 $1,029-$1,183 $1,106 6.8% 445%
Aug 2024 $1,106 $1,106-$1,317 $1,231 11.3% 506%
Sep 2024 $1,231 $1,113-$1,281 $1,197 -2.8% 490%
Oct 2024 $1,197 $1,197-$1,382 $1,292 7.9% 537%
Nov 2024 $1,292 $1,009-$1,292 $1,085 -16.0% 435%
Dec 2024 $1,085 $973-$1,119 $1,046 -3.6% 415%

 

Solana SOL Price Predictions In 2025:

Month Open Low-High Close Mo,% Total,%
Jan 2025 $1,046 $917-$1,055 $986 -5.7% 386%
Feb 2025 $986 $831-$986 $894 -9.3% 340%
Mar 2025 $894 $894-$1,110 $1,037 16.0% 411%
Apr 2025 $1,037 $825-$1,037 $887 -14.5% 337%
May 2025 $887 $693-$887 $745 -16.0% 267%
June 2025 $745 $745-$924 $864 16.0% 326%
July 2025 $864 $675-$864 $726 -16.0% 258%
Aug 2025 $726 $678-$780 $729 0.4% 259%
Sep 2025 $729 $569-$729 $612 -16.0% 202%
Oct 2025 $612 $612-$760 $710 16.0% 250%
Nov 2025 $710 $710-$882 $824 16.1% 306%
Dec 2025 $824 $824-$1,023 $956 16.0% 371%

 

The Economy Forecast Agency thinks Solana price will be worth $858 by the end of 2023, rising to $1,046 by the end of 2024, and declining slightly to $956 by the end of 2025.

While these numbers are a lot more positive than DigitalCoin, this is far cry from the forecasts we saw from Coin Price Forecast — but it’s still an encouraging prospect that suggests SOL will continue to gain value over the next few years.

invest in solana

What Will Happen to the Price of Solana (SOL) in 2025?

The price of Solana is likely to increase in 2025 and beyond, although it may experience a brief bearish adjustment if The Economy Forecast Agency’s predictions are correct. Some predictions suggest that we could see major price milestones such as $4,000 and even $5,000 in the run-up to 2025. Others aren’t so optimistic, though, they still claim that the price of Solana will hit a series of new ATHs throughout 2023-2030.

Will the Price of Solana (SOL) Go Up in 2023-2027?

Yes, current price forecasts suggest that Solana will go up in 2025. Both Coin Price Forecast and DigitalCoin expect the Solana value to go from strength to strength, with the most bullish predictions suggesting SOL could potentially hit $5,076 by the end of 2025.

The price of Solana has increased dramatically in 2021, and it shows no sign of slowing down. Analysts estimate that the value of Solana (SOL) has plenty of room for growth and investing in Solana could be a smart decision for the long term. Therefore, it could be a good time to buy and hold Solana while the crypto is performing very well.

Additional Predictions For The Price Of Solana (SOL) In 2023-2027 Include:

Solana Price Predictions 2023

  • WalletInvestor: $1,469.410
  • Trading Beasts: $333.615
  • CryptoGround: $317.06
  • Price Prediction: $509.90
  • Cryptocurrency Price Prediction: $1,884.81
  • CoinArbitrageBot: $373.334

Solana Price Predictions 2024

  • WalletInvestor: $2,146.600
  • Trading Beasts: $400.658
  • CryptoGround: $379.42
  • Price Prediction: $719.54
  • CoinArbitrageBot: $604.054

Solana Price Predictions 2025

  • WalletInvestor: $2,858.630
  • CryptoGround: $441.78
  • Price Prediction: $1,072.86
  • Cryptocurrency Price Prediction: $3,090.57
  • CoinArbitrageBot: $977.359

Solana Price Predictions 2026

  • WalletInvestor: $3,548.810
  • CryptoGround: $504.15
  • Price Prediction: $1,569.66
  • DigitalCoin: $732.30
  • Coin Price Forecast: $6,087

Solana Price Predictions 2027

  • Price Prediction: $2,318.21
  • DigitalCoin: $702.25
  • Coin Price Forecast: $6,418

 

Rayne Harris of Ripple Coin News has also shared his views on Solana’s potential prices in 2023 and 2025:

“[...] the numerous advancements of Solana could also make it stronger against its competitors, including widely awaited improvements that allow improved cross-chain compatibility between Solana and other SOL tokens. With the help of this upgrade, a turnover in prices is also expected. By 2023, the price of 1Solana token will be around $350 to $400”.

And: “[...] it is expected that the price of Solana might reach $800 mark by 2025. We know that this is very hard to believe case, but the way the coin is reaching to heights, we are waiting for the prices to move around a little bit”.

Finder also surveyed fintech specialists on where they believed the price of Solana could be heading in 2025 and 2030. They revealed:

“We also asked our panel to cast their eyes further forward and provide predictions for 2025 and 2030, with the panel seeing SOL worth USD$1,178.26 come 2025 and USD$5,056.82 by the end of 2030, on average”.

Read also: Could Solana Be a Millionaire Maker Coin? 

invest in solana

Trading Education Solana Price Predictions:

As you have seen so far from this article, there are some vastly different opinions on the direction Solana’s price will take this decade. There seem to be two main camps — camp 1, which is massively bullish and sees SOL going into the thousands, and camp 2, which still sees a rise in SOL’s price, but a more gradual one. 

Given SOL’s excellent performance lately, the bulls may be right this time, but history tells us that prices will not go up forever. So, they may be right in the short term, but the more cautious forecasters may be more correct in the long term. Thankfully, no price forecaster predicts Solana decreasing in value.

Between all these predictions potentially lies what Solana is really capable of. Let’s look at what we at Trading Education think will happen.

Solana (SOL) Price Prediction 2022

Solana is expected to trade with bullish momentum and surpass $346.78 by the end of 2022. As per Solana price predictions 2022, the price of SOL might trade above $406.66 by the end of the year. The predicted high for 2022 might be around $861.585, and on the downside, the low might range from $266.21 to $263.183.

Solana (SOL) Price Prediction 2023

Solana price is expected to trade with bullish momentum and head towards $1000 towards the end of 2023. The price of Solana is predicted to reach a maximum level of $1,884.81 by the end of 2023. The Solana price can reach a minimum level of $317.06 in 2023.

Solana (SOL) Price Prediction 2024

As per experts, the price prediction of Solana might continue the gradual upward trend. And as per our data, by the end of 2024, it would be able to cross the $2,000 mark. The predicted high for 2024 might be $3,746 $2,146.600, and on the downside, the low might be around $379.42.

Solana (SOL) Price Prediction 2025

As per Solana price predictions for 2025, the price of SOL might reach between $2,858.630 and $3,090.57 by the very end of 2025. As per our prediction and price forecast, the predicted high for 2025 might be around $5,076, and on the downside, the low might be around $441.78.

Solana (SOL) Price Prediction 2027

As per our Solana price prediction 2027, the token might be able to touch the $6,418 price mark on the upside, while on the downside, it might fall to $702.25. As per our Solana price prediction and forecast update, the cryptocurrency might trade around 1,974.28 and $2,318.21 by the end of 2027.

Solana (SOL) Price Prediction 2030

The top price predictions for Solana in 2030 foresee SOL dominating above $8,705.83 for most of the year. If the token does well, experts seem to suggest that a push to $9,026 could be possible. The lowest Solana price prediction for 2030 is around $6,381.41.

Conclusion: Solana (SOL) Price Prediction Forecast

The below prediction figures outline some of the potential highs and lows of Solana price prediction forecasts for 2022, 2023, 2024, 2025, 2027 and 2030 offered by technical analysts and industry experts.

Year High Low
2022 $410 $125
2023 $620 $210
2024 $750 $315
2025 $950 $425
2027 $1,650 $615
2030 $2,150 $850

 

Would you consider buying SOL?

invest in solana

How Has the Price of Solana (SOL) Changed Over Time?

As we mentioned earlier, SOL has only been on the market since April 2020. This means there isn’t much historical price data for us to go on. We can see how the price of Solana has changed since April 2020 by looking at the graph below from CoinMarketCap:

SOl price chart

Before April 2020, investors were first able to get a taste of SOL in Solana’s ICO which ran from the 16th to the 24th of March and where 1 SOL sold for $0.22, according to ICO Drops — the lowest price Solana has ever sold for.

Upon entering the market, the price of SOL remained relatively stagnant, hovering between $0.50 and $0.80 until July 2020. After hitting the $1-mark, SOL briefly gained momentum, rising to a price of $4.736706 on the 1st of September 2020. Although the price subsequently dipped back down to under $2, Solana has never fallen below $1 again.

Because of its youth, Solana has largely missed events such as the coronavirus crash, which shook the market in March 2021. Instead, its first real price change occurred during the market-wide bull run that started in late 2020. Although Solana was initially slow to catch up with the trend, it started gaining value quickly towards the end of January 2021. By the 25th of February, it was worth $16.109626 after gaining approximately $7 in just one week.

From then onwards, the price of Solana went from strength to strength. While Solana’s performance from March to July was quite impressive, hitting a high of $54.54 on the 19th of May, SOL really shined after the 2021 crypto market crash. At the time, the crypto market was hitting yearly lows and Solana hit $22.21 on the 20th of July, but immediately started trending upwards again, particularly in August where it leapt from $45.23 on the 15th to $72.99, a brand new high.

But there was still more to come in 2021. Managing to maintain prices above $70, in late August prices were again trending upwards and crossed $100 for the first time. This momentum was followed through into September 2021, hitting $200 and reaching a high of $211.26. SOL then started to trend downwards towards the end of September and range between $170 and $140 throughout October.

Then came November and prices once again rampaged upwards, hitting Solana’s current ATH of $260.06 on the 6th. Prices then gradually slipped to $204.49, their current price.

What Factors Can Affect the Price of Solana (SOL)?

In addition to analysing Solana’s historical prices, it’s important to identify the key factors that could affect its price in the future. This will make it easier for you to make your predictions based on current cryptocurrency trends and ultimately find an informed answer to the question ‘should I invest in Solana?’ 

Let’s take a look at the top factors that can affect the price of SOL.

1. Supply and Demand

The maximum number of SOL tokens is capped at 510 million. (This is far greater than other cryptocurrencies such as Bitcoin, which is capped at 21 million.) At the time of writing, approximately 304 million have already entered circulation. The total number of tokens have been distributed in the following ways:

  • 16.23% went towards the initial seed sale.
  • 12.92% went towards a founding sale.
  • 12.79% were distributed amongst the network team members.
  • 10.46% were allocated to the Solana Foundation.

This leaves approximately 50% of the tokens. Of these, some have been allocated for private or public sale, while others haven’t yet entered the market. As the number of available tokens starts to decrease over time, the demand for SOL is likely to be greater than the available supply, which will drive up the price of the currency.

2. Network Outages

Another factor that could affect the price of SOL is the likelihood of potential outages. According to FX Street, approximately 15% of the active network stake for Solana is housed in the Hetzner Falkenstein data centre in Germany. 

In March 2021, the company scheduled maintenance downtime between the 2nd and 5th, prompting the Solana team to press network validators to move their nodes during the outage. 

Some investors are worried that such a high concentration of nodes in one place could hurt the cryptocurrency if a future outage occurs again.

3. NFTs

The primary reason the value of Solana exploded in 2021 was because of NFTs (non-fungible tokens). When crypto exchange FTX launched their NFT marketplace they decided to use both Ethereum and Solana, which massively impacted Solana’s price, according to an article by Forkast.

If Solana can remain one of the top platforms for creating and trading NFTs, it could encourage more people to buy the token and appeal to users beyond crypto enthusiasts.

Is Solana (SOL) A Good Investment?

Solana has indeed proven to be an exceptionally good investment so far, with the price expected to increase further in the long run. According to experts, the value of Solana looks bright, and Solana might prove to be a wise investment.

Put simply, Solana is an investment with lots of potential rewards. It’s something you should do some research on before you consider adding SOL to your portfolio.

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Step 1. Hop over to eToro’s website and click ‘Join Now’ and fill out your info. Note that you will need to upload proof of address and some ID.

Step 2. Make your first-time deposit. This will likely either be the equivalent of $50 or $200 depending on the country you are based in. Note that in a handful of countries, the first-time deposit is a lot higher, so please check before signing up!

Step 3. Buy your desired cryptocurrencies. On the eToro platform, go to ‘Trade Markets’ → ‘Crypto’ → ‘SOL Solana’ and choose your terms.

Woop Woop! Now you’ve got your hands on Solana, potentially one of the best investments you could make in 2022!

Key Points

If you remember anything from Solana Price Predictions: How Much Will SOL Be Worth In 2022 And Beyond? Make it these key points.

  • Solana is a Practical Byzantine Fault Tolerance-based (PBFT) system that has pioneered the proof-of-history (PoH) concept.
  • On the 6th of November 2021, SOL hit its ATH of $260.06.
  • WalletInvestor has forecasted that Solana could hit a maximum price of $861.585 in 2022.
  • Cryptocurrency Price Prediction has estimated that SOL could have a high of $724.76 by the end of 2022.
  • By the end of 2025, Solana could hit an impressive high of $5,076, according to Coin Price Forecast.
  • Elsewhere, while The Economy Forecast Agency predicts SOL could surpass $1,000, it could decline in 2025.
  • By 2030, SOL could hit a maximum price of $9,026, according to Coin Price Forecast.
  • Factors that can affect the price of SOL include the relationship between supply and demand and the likelihood of potential network outages. 

We hope that you’ve found this article helpful. Whether you’re interested in adding SOL to your portfolio or simply want to stay ahead of the cryptocurrency trends, it’s clear that Solana has shot to prominence over 2021. Will its bullish trend continue?

Read More: 

What Is Solana? Should You Invest In SOL And Where To Buy It?

Will Solana Make Me Rich In 10 Years

Is Solana a Good Buy?

What Might Happen If You Invest $100 In Solana (SOL) Today?

Still have questions about Solana price predictions? Perhaps these frequently asked questions will help.

As always, the crypto price predictions discussed in this article are the views of the industry analysts. As such, we strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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