City Telegraph: Analysts at City Forecast argue that Solana’s entry into the world of NFT and DeFi has helped blow and will continue influencing its price action for the next decade. They are confident that Solana could be trading between $3700 and $4600 by 2030.
CoinPriceForecast: Technical analysis by Coin Price Forecast on Solana’s future is hugely bullish and indicates that SOL token prices will likely climb to $812.65 by the end of 2030.
What will Solana be worth in 2030? Since it's already apparent Solana’s uptrend isn’t slowing any time soon, now everyone wants to know just how high up it will reach by the turn of the decade.
The general conviction among investors, traders, and crypto experts is that Solana will be worth way more in 2030 than it is today. Shooting from oblivion 22 months ago, Solana’s value has appreciated by more than 60,000%, with more than 9,000% of this being achieved by November 2021. These have also established SOL as one of the most formidable Ethereum killers around.
But while its climb this far surprised even the most experienced crypto experts, its reception has been overwhelming. At the moment, for instance, Solana tops crypto discussion channels as everyone tries to explain its most possible next move. A section of investors and analysts are also confident that it has the potential of dethroning Ethereum as the most preferred smart contract blockchain by the turn of the decade.
But is this even feasible? A partner at Spartan Capital, a digital asset hedge fund that has consulted for the likes of Goldman Sachs, thinks so. In October 2021 they took to Twitter to express optimism of SOL’s future price action, arguing that while Cardano might attain a $90 market capitalization, Solana will easily reach 3X this value - which is way higher than Ethereum’s current market cap of $513 Billion.
But when will it get here? What will Solana be worth in 2030, and most importantly, what factors are experts banking on to help SOL reach the forecasted price levels?
Solana (SOL) Price Predictions For 2030
As we have mentioned, the crypto market is in general agreement that SOL will be more valuable in 2030. But if you have been following different crypto experts and reputable predictions sites, you will notice that they haven’t been quick in sharing their SOL 2030 price predictions. They understand that given the highly volatile nature of Solana’s price action, predicting its price for 2030 is almost impossible.
Most have, therefore, opted to on the direction the Solana price will take in the next decade without specifying how high up it will get. They have also shared some of the factors that they believe will influence SOL’s future performance.
- Onchain developments
- DeFi and NFT explosions
Let us briefly go over each of these price drivers and examine the impact they are expected to have on Solana’s future price performance.
The fear of missing out (FOMO) has one of the most impactful effects on the crypto industry. As the price of a given crypto asset rises, traders and investors tend to swarm around, hoping to ride the trend and profit from this uptrend, which only serves to push the token’s prices further up. Solana’s case is no different, seeing that its 24-hour trading volume has been swinging between $1 and $5 Billion for the past 30 days, up from an average of $400 Million in July 2021 when SOL was selling for $30.
Solana’s uptrend has hit a snug at the moment due to the recent technical glitch on the SOL network as well as China’s ban on all crypto activities in the country. But experts are confident it will rebound before the end of the year and continue rising for the next few years, and the fear of missing out by investors and traders is expected to play a significant role in this growth.
In the less than two years that Solana has been around, it has attracted a large online community of investors. These include celebrities, investors, and traders who form the chunk majority of this community and institutional investors.
Through their discussions about Solana on social media and other online platforms, they have attracted the world’s attention to the token. We expect this community to continue shaping Solana’s opinion online and influencing the expected uptrend.
Developments within the Solana network
So far, there are more than 400 developers on the Solana network. The decentralized blockchain has also onboarded more than 1000 node validators. In 2021, Solana Labs successfully completed the private token sale, raising more than $314 million.
This will go towards establishing an Incubation Studio, a venture investing organization, and a trading desk for the Solana ecosystem. Even more importantly, Solana is expected to announce the full release of the Solana Mainnet at any time. All these and more developments within the SOL network are expected to play a lead role in fuelling Solana’s future price growth.
DeFi and NFT explosions
Ethereum remains the most popular incubation hub for DeFi and NFT programs. But its insanely high gas fees and slow transaction speeds have forced developers to seek alternative platforms. And with SOL’s recent popularity, ultra-fast transactions speeds (of up to 50,000 transactions per second), and low transaction fees, Solana has positioned itself as one of the most formidable Ethereum alternatives.
Therefore, as DeFi and NFT niches blow over the next few years, as predicted by numerous experts, we expect more developers to shift camp to Solana. This will, in turn, play a crucial role in pushing up SOL token prices. Even the upcoming ETH 2.0 won’t pose a significant threat to Solana because it doesn’t match the latter’s scalability and speed or guaranteed low transactions costs.
What Are Experts Saying About Solana (SOL) In 2030
Here are a few predictions from reputable technical analysis platforms on what they believe Solana will be worth by the turn of the decade.
Cryptocurrency Price Prediction is a historically bullish technical analysis website. Over the long term, its analysis suggests that SOL token prices will continue rising, starting with a rebound that sees it end the year, trading around $461.04. It then indicates that SOL price will break above $500 in September 2023, reaching $1,000 at the beginning of 2025, and sell for more than $5,700 in December 2030.
Crypto analysts at Changehero.io, a financial news and crypto price prediction website, are also confident that Solana token prices will continue rising in the foreseeable future. However, they aren’t hugely optimistic about the rate at which SOL token prices will rise. Their analysis suggests that the highest Solana can get by 2025 is $700 and $1,500 by 2030.
Price Prediction Net
PricePrediction.net, yet another financial news and technical analysis website, holds moderately bullish views of Solana’s future price action. It indicates that SOL tokens will cross above $500 in 2024 and dash towards $1000 by 2026. By 2030, Price Prediction Net indicates that Solana will be trading around $4600.
Don't Miss: Will Solana Make Me Rich?
When Will Solana (SOL) Prices Reach $1000?
Almost all the price predictions we have highlighted in this post agree that Solana will eventually reach and rise above $1,000. Even without mentioning when Solana will reach $1,000, different investors have also voiced their opinions about Solana, and a vast majority think that the altcoin is underpriced.
That said, most price prediction websites argue that Solana will most likely break above $1,000 before 2025. And there are three primary factors that experts are banking on to help SOL reach this target price. First are the ongoing developments within Solana that will help it resume an uptrend before the end of 2022.
Second is the Bitcoin halving in 2024 that will, as it’s the legacy digital coins tradition, set the stage for a crypto market-wide bull run in 2025 that helps SOL rise even higher.
Conclusion: What Will Solana (SOL) Be Worth In 2030?
Both technical and fundamental analysis of Solana’s future price performance indicates that the Ethereum killer will be way more valuable in 2030 than it is today. Furthermore, both the conservative and most optimistic crypto experts agree that the value of SOL tokens will continue rising in the next foreseeable future. In this post, the most conservative forecaster places the value of Solana tokens in 2030 between $400 and $1,500, while the more optimists are confident that it could break above $5,000.
eToro – Best Cryptocurrency Platform
eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.