It’s quite likely that you didn’t know much — or anything — about Solana (SOL) before the 2021 bull run. But that’s okay, most people didn’t. 2021 was the year Solana exploded from prices around $1 to over $200. That’s big news. So, what is Solana worth? Before we run through our Solana price predictions for 2023 to 2030, let’s examine Solana coin’s price and Solana market cap.
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According to our long-term Solana price prediction, the price of Solana will reach $25 by the end of 2023 and $39 by the end of 2025. Solana will then rise to $86.54 in 2028, and $137.4 in 2030.
If you’re one of many investors wondering ‘is Solana a good investment?’, this article is for you. We’ve got the top Solana price predictions for 2023 to 2030.
Solana price predictions 2023, 2025, 2030
Solana’s price potential is looking pretty good for 2023 and beyond. Here are some key Solana price targets:
- End of 2023: Working to repair its image in 2023, Solana can hit a new all-time high of $25.
- End of 2025: Reaching a similar scale to Ethereum by 2025, Solana is estimated to nab a top price of $39.
- End of 2030: The popularity of NFTs and the metaverse will push Solana to a phenomenal high of $137.4 in 2030.
If you want to buy Solana quickly and easily, check out eToro!
SOL — What Is Solana?
SOL is the native coin of the Solana blockchain. 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. There is a total supply of 537,822,493 and no current maximum supply which is adjusted based on inflation.
Solana’s biggest rivals include:
Read Also: 7 Facts About Solana That Will Surprise You
Historical Solana (SOL) Price Movements
Familiarising yourself with Solana’s price history will give you an idea of what you can expect from SOL/USD in terms of volatility and price action. Analysing past performance is always one of the first things you should do before investing in any asset, crypto or otherwise.
What was the starting price of Solana?: Solana was first available via an ICO at 1 SOL to $0.22 between the 16th and 24th of March 2020.
What was Solana’s highest price?: Solana’s all-time high is $260.06, which it reached on the 6th of November 2021.
What was Solana’s lowest price?: Solana’s all-time low is $0.5052, reached on the 11th of May 2020.
In 2022, SOL started the year at $170, hit a 52-week low of $8.14, and closed the year at $9.88.
Solana SOL/USD Chart
SOL/USD price chart. Source: Coinmarketcap
Technical Analysis Of Solana (SOL)
To form solid Solana price predictions, you need to start with technical analysis. This will help you see ‘why’ and ‘how’ SOL’s price changes.
Solana has only been around a short while. CoinMarketCap only began tracking the price of SOL on the 11th of April 2020, making the asset just two years old. What further complicates any Solana price analysis is the 2021 bull run — while it was great news, it makes it difficult to calculate how Solana would move in a regular, smoother crypto market.
As we can see from the chart above, SOL saw its biggest price leap in late October to mid-November, around the time the crypto market started to get very excited around Facebook’s rebranding as Meta and peak NFT hype. Before this, SOL had seen a significant increase around April and May 2021, but this was minuscule compared to the latter bull run.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Expert’s Take On Solana Price Predictions
Solana’s price outlook is generally quite positive. Price forecasters do not expect the price of SOL to decline.
Future price of the asset is predicted at $164.32 (1,135% ) after a year according to our prediction system.
According to the latest long-term forecast, Solana price will hit $25 by the end of 2023 and then $50 by the middle of 2028. Solana will rise to $75 within the year of 2031.
Coin Price Forecast
According to our forecast, In 2023 the price of Solana is expected to reach at a minimum price level of $12.57. The SOL price can reach a maximum value of $14.29 with the average trading price of $13.89.
In December 2023, the Solana price is forecasted to be on average $16.758. The expected maximum price is $20.948, minimum price $14.245.
According to our current Solana price prediction, the value of Solana will increased by 214.18%, reaching $48.33 by end of 2025.
According to our deep Solana technical analysis on past price data of SOL, In 2028 the price of Solana is forecasted to be at around a minimum value of $127.17. The Solana price value can reach a maximum of $149.70 with the average trading value of $130.74 in USD.
The system forecasts a +33% move from $13.22 to $17.59 over the next month, Solana has a price prediction of $21.73 in over a years time.
The price of Solana (SOL) in 2025 will be about $136.2665.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Solana (SOL) Price Predictions: 2023-2030
Solana price estimates strongly suggest that SOL will perform exceedingly better in the long term than in the short term. Our Solana price predictions put the coin at $25 in 2023, and achieve a mean price of $62.4 by 2025. An excellent increase of over 365% in just a few years.
As well as having in-depth knowledge of Solana’s price history, you need to be able to spot what factors influence its price. Once you are aware of these factors, you will be much better prepared to make Solana price predictions that can inform your trading strategy.
The most important thing Solana must do over the next few years is resolve its security issues and prevent downtime. Every time Solana is hacked or fails to work, users lose trust and when that happens people eventually stop using SOL and its price will plummet. For the time being, this is the most important factor for Solana price predictions.
For a little background, 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.
Supply and demand is also a factor with Solana, but as it is an inflationary cryptocurrency (like Ethereum), scarcity is less of a factor. They issue new tokens automatically each year based on year-on-year inflation so in some senses, it is limited.
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 tokens for investors. 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. On the flip side though, with so many tokens out of reach for investors, this also raises questions about centralisation and concerns about price manipulation.
Elsewhere, Solana needs to maintain a competitive edge in NFTs. NFTs brought Solana much of its reputation, but it is not the only player in this arena, and it needs to ensure it can stay on top. This also means looking for new ways for Solana NFTs to be used in the real world such as gaming and the metaverse.
More importantly, NFTs need to remain popular in general. Though NFTs took the world by storm in 2021, it may not always be the case — there are still many people who don’t understand how they work and think they are scams. Regulators may consider regulation on NFTs too as there are some concerns that they could be used to launder money. This is, however, completely out of Solana’s control.
Solana will also be affected by future Bitcoin price movements (and general crypto bull runs), growing institutional interest (and investments), and its growing DeFi ecosystem.
Looking over the good, the bad, and the ugly, Solana is still an overall top investment in the crypto market and is holding its own despite its technical issues. Wise investors can profit from holding some SOL as either a short-term investment (one year) or long-term investment (five to 10 years). Here are our Solana price predictions for 2022 to 2030.
Solana (SOL) Price Prediction 2023
Continuing to improve its performance and decrease centralisation, the market will begin to realise how superior Solana is in comparison to other smart contract platforms. Building on its 2022 gains, in 2023 our short-term Solana price prediction forecast has a high estimate of $25 and a low estimate of $11.9. We calculate that SOL will have a 2023 yearly average of $18.45.
Solana (SOL) Price Prediction 2024
Further gains in 2024 are expected as the popularity of NFTs continues to grow, drawing more users to the Solana network. Early on in 2024, Solana will establish a low of $16.50 then build momentum to the $30 level and eventually hit a high of $34.6. By the end of 2024, our Solana price prediction puts SOL at an average of $25.55.
Solana (SOL) Price Prediction 2025
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Solana (SOL) Price Prediction 2026
After more than five years of solid performance, institutional investors will likely start pouring more money into Solana by 2026. With an estimated high of $62.4 for 2026, Solana is forecast to not dip any lower than $38.5. The 2026 Solana price prediction also points to a yearly average of $50.45.
Solana (SOL) Price Prediction 2027
As metaverse projects continue to grow in terms of technology and user base, NFTs will become ever-important and platforms like Solana will be ready to provide NFT-related services like minting and marketplaces. The top estimate is $67.80, the low estimate is $45.77 and the average prediction is $56.78, as per our long-term SOL/USD price forecast.
Solana (SOL) Price Prediction 2028
A growing interest in ‘play as you earn’ games based on Solana that utilise NFTs will likely bring in more and more gamers and increase demand for SOL in 2028. Refusing to fall below $53.8, we anticipate that Solana will cross the $80 milestone to a grand price of $86.54, according to our long-term Solana price prediction.
Solana (SOL) Price Prediction 2029
Solana will be a well-known name by 2029 supporting some huge companies and outpacing other cryptos in terms of development. With an average predicted price of $105.85 in 2029, Solana can hit a high of $124.7, and a low of $87, as calculated by our Solana price prediction.
Solana (SOL) Price Prediction 2030
By 2030, Solana will practically be synonymous with NFTs, the metaverse and blockchain technology — the SOL token could become the ‘legal tender’ of the internet. Solana can hit a high price of $137.4 in 2030. Other top estimates include a minimum of $74 and an average of $105.7, according to our long-term Solana price prediction.
So, what is Solana expected to reach? Our SOL/USD prediction says over $135 by 2030 at the very highest. Would you call that a good investment?
Potential Highs And Lows Of Solana (SOL)
Solana is also one of the best-positioned cryptocurrencies to take on the metaverse and play as you earn type games. While there are already major players in this area, such as Axie Infinity (AXS) and Enjin Coin (ENJ), Solana has the potential to provide a more advanced architecture that could see it outlive competitors. And, on a grander scale, Solana may also be a real competitor to Ethereum.
The below prediction figures outline the potential highs and lows of Solana price prediction forecasts for 2023, 2024, 2025, 2027, and 2030 offered by technical analysts and industry experts.
What’s The Point Of Solana?
As a third-generation open-source smart contract platform, 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 (BTC) and Ethereum. While Bitcoin can process just 4.6 transactions a second (TPS), the Solana blockchain promises to process a staggering 50,000 TPS and at the very highest, according to Solana’s white paper, it can process 710,000 transactions per second, suggesting that it will be the fastest-ever blockchain (a claim that we have heard countless times before).
Solana believes that their infrastructure is far superior to Ethereum’s and won’t require them to use layer 2 solutions or sidechains to mitigate congestion on their network. Solana attempts to solve the security, scalability, and decentralisation trilemma. In short, it is very difficult for cryptocurrencies to provide all three benefits — while decentralisation and security work hand in hand, once you begin to scale, these two elements can suffer.
What are the benefits of Solana?:
- Wormhole bridge to Ethereum — connecting the two blockchains means services and tokens can work between them.
- Unique consensus mechanism.
- Reduced memory requirements in comparison to other chains like Ethereum.
- On-chain clock verification.
- Transactions are streamed without a global consensus — speeding up transaction times and supposedly doesn’t sacrifice security.
Who Is Behind Solana?
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.
Like many projects before, Solana seeks to fix current issues with blockchain technology. Scaling up the blockchain for global adoption has been a problem ever since the launch of Bitcoin — 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.)
Solana was created by Anatoly Yakovenko and Solana Labs works on its development. Greg Fitzgerald is also a founder of Solana Labs. Solana is also launching a payment service called Solana Pay, a DeFi (decentralised finance) project that works on top of the Solana blockchain and allows consumers to pay merchants in SOL, USDC and other tokens from the Solana ecosystem.
Solana updates include:
- Leaving Beta version of mainnet
- The Solice Metaverse — a metaverse built on top of the Solana blockchain that will use virtual reality tech
What Is Solana Used For And What Does Solana Do?
Billed as the world’s first web-scale blockchain, another feature that sets Solana apart is its Practical Byzantine Fault Tolerance-based (PBFT) ‘proof-of-history’ (PoH) consensus mechanism which works alongside a proof-of-stake consensus mechanism. 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).
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.
PBFT 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.
Another super cool thing about Solana is its super low transaction fees of $0.00025 per transaction (note that speed and cheapness often go hand in hand in cryptocurrency — faster blockchains usually have lower fees and slower blockchains usually have higher fees).
Many projects are built on top of Solana, including DeFi services and DEXes and Solana has an equivalent of Ethereum’s ERC-20 tokens called SPL tokens — different tokens that work on top of Solana’s blockchain.
In November 2021, it was reported that approximately 77% of SOL tokens are being staked on the Solana network. This secures the network and earns SOL holders new tokens.
Who Uses Solana?
Crypto derivatives exchange FTX.US built a platform for minting and selling NFTs that works cross-chain on both Ethereum and Solana. When this marketplace opened, it was huge news and sent the price of SOL through the roof and made Solana a well-known name in the crypto community.
In November 2021, it was estimated that Solana had approximately 1.25 million users (though how many are active is uncertain). Since Solana’s launch, it has become hugely popular for NFTs and gaming. Star Atlas is the most popular game built on Solana so far.
According to Solana, more than 1,309 projects are already operating in their ecosystem. For the time being, many of the projects have been created to support a growing Solana ecosystem. Some of these projects include:
- UPFI — a stablecoin.
- HydraSwap — a DEX.
- Solana Beach — a Solana blockchain explorer.
- CropperFinance — a yield farming service.
- Phantasia — a fantasy sports platform.
Big investors include tech investing firm Andreeson Horowitz and Polychain Capital. The popularity of Solana is very important when it comes to Solana price predictions.
Solana Price Prediction — Conclusion
Despite some concerning technical failures on the side of team Solana, SOL is still very much worth holding as our Solana price predictions suggest. Its innovative proof-of-history consensus mechanism combined with proof-of-stake makes Solana uniquely secure and scalable.
Furthermore, as its community grows, Solana will only become more secure as more users on the blockchain will help prevent downtime and make it harder for hackers to attack as the network becomes larger and more decentralised. (It’s also worth noting that the issues that occurred while Solana is super young, so it’s not too surprising.)
We hope our 2022-2030 Solana price predictions have been helpful. As you’re probably aware, investing in any cryptocurrency can be super risky, so it’s vital you prepare for both the good and the bad with a solid investment strategy. With that in mind, Solana’s current trajectory looks good with our SOL price prediction suggesting it can rise 1,250% by 2025.
Furthermore, our SOL predictions could mean that it would better serve investors if they hold onto their Solana for the long run, i.e., till at least 2025. Charts suggest that long-term positions will likely pay off better than short-term positions.
What Will Happen To The Price Of Solana (SOL) In 2023?
Technical analysis suggests that the Solana to USD price is going to reach $25. Solana won’t just go up and up in 2023, though, with a low of $11.9 also estimated by our Solana price prediction.
What Will Happen To The Price Of Solana (SOL) In 2025?
Continuing to grow in popularity, the price of Solana is forecasted to cross $1,000 per SOL and make its way to an all-time high of approximately $39.4. Lows slightly above $26.6 per coin are also estimated on the low end.
Will Solana (SOL) Hit $500?
No, SOL is not expected to reach $500 in the next 10 years.
Can Solana Reach $1,000?
No, according to our Solana price prediction, SOL will not reach $1,000 in the near future.
Is Solana A Good Investment?
Solana is a good investment. Despite downtime and hacks, Solana is still trading at a far higher price than it was just a few years ago. In the long term, Solana has appreciated dramatically and was one of the most rewarding investments of 2021.
Here are some important questions investors should be asking themselves right now.
Is It Too Late To Buy Solana?
It is unlikely that it is too late to buy Solana. The Solana coin is widely expected to increase, particularly as NFTs continue to grow in popularity.
Is Solana A Profitable Investment?
In its short time on the market, Solana has managed to generate a highly profitable ROI of 5,889%.
Is Solana A Good Investment For The Future?
Solana has plans to expand into a variety of markets where it could be an industry leader.
Is Solana Cryptocurrency A Risky Investment?
New technology can always be risky and crypto investments are some of the riskiest. The biggest risk associated with Solana is its network outages — if this continues, Solana will not succeed.
Is Solana A Good Buy?
Solana went from less than a dollar two years ago to a record high of over $260 in November 2021. Solana has shown that it has what it takes to be one of the best crypto investments on the market.
How To Buy Solana?
Head over to a crypto exchange you trust, create an account, deposit funds, find Solana, set your terms, and buy as much as you want. Remember to move that SOL out of your exchange!
A sensible crypto investor should not allocate too large a portion of their investment portfolio to Solana. Your portfolio should be balanced — investing more than 5% of your crypto portfolio to SOL could be a big risk.
Where To Buy Solana?
Solana is now available on many of the top crypto exchanges and offered by some brokers (though some may still be catching up — SOL is still new to some). It is encouraged that to keep to well-known cryptocurrency exchanges, we recommend eToro.
How To Stake Solana?
The best way to stake Solana and earn rewards is to set up staking in a Solana wallet (not all have this option). You can also delegate your Solana this way too which is a preferred method of many.
eToro – Top Platform To Buy Solana
Are you seriously considering investing in Solana token but need answers to some pressing questions? Here are answers to some of the commonest questions about Solana token and its future price predictions:
How Many Solana Coins Are There?
More than half of the total supply of Solana is now in circulation, however, there is no max supply, which means more SOL can be created at any point to counteract any supply issues.
When Did Solana Launch?
Solana launched in April 2019, however, the SOL coin was not tracked by CoinMarketCap until a year later, on the 11th of April 2020.
Does Solana Have A Future?
Solana has a lot planned for the future, specifically moving away from Beta, and starting its own metaverse project, The Solice Metaverse. On top of that, Solana will likely remain the No. 1 place for NFTs for the years to come.
How Much Lower Can Solana Go?
Current Solana price predictions indicate that the lowest price we will see Solana reach in the near future is $11.9 at some point in 2023.
Is Solana Better Than Ethereum?
Technologically, Solana could be better than Ethereum in several ways, but in terms of investment opportunities, Ethereum is better because it has a proven history and with more users on its blockchain, it is much more secure. It’s also important to note that Solana has only been around a bit more than a year while Ethereum is more established.
Can Solana Overtake Ethereum?
As of 2022, it looks rather unlikely that Solana will overtake Ethereum. For this to happen, it would likely take several years as Ethereum’s network is currently the largest in the crypto market and Solana would have to offer something seriously better to entice users to make the change.
Which Is Better, Solana Or Cardano?
Solana is currently getting more hype than Cardano largely because of its NFTs which has also meant that it has more price action. Solana is also able to develop faster because it doesn’t follow Cardano’s strict academic approach. However, do note that Cardano has been around longer, which may make it appear a safer investment, plus it has never had any downtime, unlike Solana.
Is Solana Secure?
Solana claims that their combination of proof-of-history and proof-of-stake consensus mechanisms make them more secure than other blockchains. However, the $325 million hack on Solana’s wormhole bridge with Ethereum shows there are crucial vulnerabilities that need to be evaluated. Further to that, Solana has suffered network outages which may be the result of being too centralised.
What Will Solana Be Worth In Five Years?
Our five-year Solana price forecast calculates that Solana can appreciate above $80 per coin and hit $86 — a 560% increase.
What Will Solana Be Worth In Ten Years?
By 2033, ten years from now, according to our Solana price prediction algorithm, SOL can be worth above $250 per coin.
Will Solana Crash?
For the time being, Solana will likely not go through a price crash. But don’t make the mistake of thinking SOL is invincible! A crash could always come out of nowhere.
Will Solana (SOL) Go Up?
Our Solana price predictions, both for the long-term and the short-term indicate that SOL will go up. This is supported by the underlying upwards trend we have seen since its creation.
Will Solana Rise?
Solana should rise in the coming months before the close of 2023. We could even see highs above $25, according to our Solana price prediction.
When Will Solana Take Off?
2023 is set to be the year Solana will take off. However, this is largely based on the assumption that it will improve its image following its recent hack and downtime.
Is Solana Going To Keep Going Up?
Our Solana price predictions strongly suggest that Solana will keep going up until 2030. However, do note that Solana will not always go up. It will have plenty of periods where it declines or where it ranges (moves sideways) and so investors need to be prepared for these possibilities.
What Price Could Solana Reach?
Expect Solana to reach $25 in 2023, $39.4 by 2025, $86.5 by 2028, and $137.4 by 2030, as per our long-term Solana price prediction.
What Is Solana’s Price Prediction For The Next Bull Run?
Between 2028 and 2030 a large increase in the price of Solana is expected. We could see SOL/USD go from $86 to $137.
What Is Solana Worth In 2030?
By the year 2030, Solana could be worth a top price of $137.4 and a low of $74, massively higher than its price today.
How High Will Solana Go?
Cryptocurrency Price Prediction has made the highest estimate so far of $500 by December 2030.
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.