Up-and-coming Ethereum competitor Solana is breaking into the top-10 and scoring new highs. Learn the explanation and the possible future scenarios in the Solana price prediction 2021 and further from ChangeHero!
Solana Price Prediction 2021–2030
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- There is little doubt in the Solana price prediction 2021 that this year it will exceed $100;
- By 2025, the analysts opinions diverge: some think that SOL will go parabolic, and some digress;
- In 2030, the discrepancy between possible prices is even larger, from four to fifteen hundred dollars.
What is SOL?
Solana (SOL) is a blockchain platform that supports the development of dApps. If it sounds a little like Ethereum, do not draw conclusions so early: Solana uses Proof-of-Stake, as well as a unique Proof-of-History algorithm.
Proof-of-History replaces confirmations with probabilistic functions which get progressively final as the blockchain continues. This way, transactions can be deemed complete almost instantly, unlike in Bitcoin or Ethereum.
As a result, it is much more energy efficient, fast and cheap: Solana can reach 50 thousand transactions per second.
If you want to learn more about this project, read the Beginner’s guide to Solana by ChangeHero!
SOL Price History
SOL Price in 2020
Solana was launched in April 2020, and was worth a little less than a dollar. In a few months, when Tether announced that they will launch USDT on Solana, the SOL price rallied to $4.34.
Since then, though, the price entered a downtrend which lasted until the end of 2020. Nonetheless, SOL closed the year with a +90% profit.
SOL Price in 2021
In 2021, the Bitcoin rally caused the altcoins to rally, too. Some of them even outperformed it, including Solana.
Its growth was accelerated by Circle issuing USDC on the platform, among other things. That rally peaked at $55.91 on May 18, 2021.
After the correction and some consolidation, the price of Solana shot up to a new ATH of $80.12 (as of August 18, 2021). The reason for this is the launch of NFT marketplace Degenerate Apes.
From $1.80 in early 2021 the native token has grown up to $70, which is the price of Solana today (at the time of writing).
What influences the price of Solana?
Integrations and Partnerships
The network’s native token grew in value with the news about Tether and USDC collaborations. Since both stablecoins are tokens, having to pay transaction fees in the native token drives up demand.
The Lollapalooza 2021 sponsorship brought more attention to the currency and made its price grow short term.
Solana is an emerging competitor to Ethereum for the DeFi domination. In comparison with it, Solana has higher potential throughput — 50,000 tps — which leads to better operating services and user experience overall.
Speaking of long term, Solana is a very attractive platform for payments even in comparison to the current standard. To compare, Visa can successfully perform 1,700 transactions per second. Solana has processed more than 24.5 billion transactions since launch at a rate about 1,100 tps.
SOL is mostly used in DeFi but some companies like Bitpay lets vendors accept SOL as payment.
Latest Twitter posts
#SOLANA PRICE AND SOCIAL VOLUME CORRELATION
The correlation showed valuable information of how $SOL prices impact Social media. Lately, 4 times that SOL made a new high, the social volume always goes along with it. Would you think SOL can go higher?@solana
— Solana Daily (@solana_daily) August 19, 2021
Outlet Solana Daily is frequently updated with useful information. Here they tried to compare social volume with the price movement, showing clear correlation.
Solana. $2 billion.
As SOL printed a new ATH, so did TVL locked in Solana.
The ecosystem has had a number of key DeFi and NFT launches in the past week that have driven new attention and capital to the ecosystem. pic.twitter.com/5cxTjy885s
— Ryan Watkins (@RyanWatkins_) August 16, 2021
In a thread on DeFi, researcher Ryan Watkins highlighted projects that lead the way, with special attention to Solana. Its growth was made possible organically by expanding the ecosystem.
— CryptoAstekz (@cryptoastekz) August 19, 2021
While Solana is rewriting an ATH after ATH, traders wonder where to next. Trader CryptoAstekz suggests there is suppression that can cause a further breakout to $80.
Solana Price Prediction 2021
Coinpedia SOL Price Prediction 2021: $100+
The Coinpedia team concludes that the target for SOL at the end of 2021 is as high as $100. Given the velocity at which it has been scoring new highs, they corrected their previous moderate forecast.
Coinskid Solana price prediction 2021: $129
Using technical analysis, YouTuber CoinsKid shows that the chart is forming a cup and handle pattern. It signals trend continuation so the next resistance level is expected to be at $129 per coin.
It is not going to happen in one go: the relative strength index (RSI) at the moment is in the overbought area. And still, by the end of 2021 this target is expected to be reached.
LongForecast Solana price prediction 2021: $135.8
The Economy Forecast Agency predicts that the rally is not yet at its peak. It could go on well into 2021 and culminate in December. That’s when the highest projected price, $135.8 can be expected, and 2021 for SOL will close at $114.1.
SOL price prediction 2022–2024
Coinpedia Solana Price Prediction 2022: $200–250
In 2022, Solana may face competition from Ethereum should it advance to the 2.0 chain. Coinpedia expects Solana’s rally to continue into 2022 and peak at $200 or even $250.
The future from there on depends on the market conditions: if bears take the initiative, Solana can dip to $40 or even $22.19 at the bottom.
WalletInvestor SOL Price Prediction in 2023: $137.432–194.189
WalletInvestor is bullish on Solana. In 2023, in just two years, the returns it can yield amount to 129%.
On average, in 2023 the price will start at little over $137 and move further up to $194 by the end of the year. With volatility accounted for, minimal expected prices are hovering around $120 and highest possible figures reach $220.
Digital Coin SOL price prediction in 2024: $184.56
On average, the price of SOL can reach $184.56, DigitalCoin claims. The highest average price is forecasted to be observed in June: $214.70.
After that, a short pullback will take it slightly lower, to $169.56 in August, but it is still 125.37% up in comparison with today’s price.
Solana Price Prediction 2025
Coinpedia SOL Price Prediction: $212–700
It is easy to see in which direction the project is developing: interest in DeFi is at its highest and shows no signs of decreasing.
In almost five years, Solana can be the leading platform in DeFi thanks to its qualities. So, the authors think it is nowhere outside of reasonable to put the target at $700 mark.
In an alternative scenario, if the team fails to keep the platform competitive, SOL in 2025 can sink to $212.08.
RippleCoinNews SOL Price Prediction: $300
A bit more exact estimate comes from another source, RippleCoinNews: $300. Their reasoning is similar: by 2025, dApps will become a part of daily life and DeFi will be empowering users worldwide.
Since Solana focuses on both, it will be at the forefront of progress, and the value of the platform will be appreciated by investors.
Coin Price Forecast SOL Forecast: $374.08
This prediction from the Coin Price Forecast is even more bullish than the previous two. In 2025 SOL will have grown to $346.92 in mid-2025. The 2025 closing price will get even higher, $374.08.
Solana Price Prediction 2030
A lot can happen during a decade, there are both foreseeable and unpredictable factors that can sway the price. The outlook of most analytics is positive, and they are sure Solana will be around at that time.
CoinPriceForecast, for example, is sure it will further grow in value to $456.50. CryptocurrencyPricePrediction goes further and puts the target at above $1,500.
Both services use historical data to project the possible growth, and the parabolic rise can well repeat a few times until 2030!
ChangeHero Solana Price Prediction
Considering all the data and opinions above, it is reasonable to be bullish on Solana. It’s not guaranteed to be the most valuable cryptocurrency because it’s inflationary and more suited as a means of payment. Moreover, a large number of corporate investors (like OKEx) could potentially mean that there will be sell waves and corrections.
With all that in mind, $100 in 2021 and $1,000 after 2025 seem to be the targets many investors expect.
How to get SOL on ChangeHero?
- Choose the currencies on the home page, amounts and the type of exchange. Provide your wallet address in the next step and check the amounts;
- Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- All done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives.
- The Best Rate transactions will use the rate current to the time when your funds arrive.
- The Fixed Rate will use the rate at the time of step 1;
- As soon as the exchange has been processed, your SOL are on the way to your wallet.
The customer support is available 24/7 in the chat on the website or through the email: [email protected].
Solana is a solid cryptocurrency that is still blowing up in 2021. If the platform finds application with the mass audience, the demand for it now will seem like nothing.
[sc_fs_multi_faq headline-0=”h4″ question-0=”Is Solana a good investment in 2021?” answer-0=”Most investors and analysts agree Solana is still a sound investment in cryptocurrencies in 2021.” image-0=”” headline-1=”h4″ question-1=”What will Solana be worth in 2022?” answer-1=”By 2022, on average, SOL price is expected to trade between $200 and $250.” image-1=”” headline-2=”h4″ question-2=”What will Solana be worth in 2025?” answer-2=”By 2025, SOL is expected to grow up to $212 and may even reach $700, according to some forecasts.” image-2=”” headline-3=”h4″ question-3=”What will Solana be worth in 2030?” answer-3=”In 2030, Solana may as well be trading anywhere between $456 and $1,500.” image-3=”” headline-4=”h4″ question-4=”Why is Solana rising?” answer-4=”On August 15, a NFT marketplace exclusive to Solana, Degenerate Apes, launched to a massive success. The total value locked in the network also exceeded $2 billion thanks to this marketplace and other apps.” image-4=”” headline-5=”h4″ question-5=”How can I buy Solana?” answer-5=”You can buy Solana with other cryptocurrencies on ChangeHero without creating an account and hassle-free. Choose the pair and rate on the Home page, proceed with the details and double-check them, send crypto for exchange and safely receive SOL!” image-5=”” count=”6″ html=”true” css_class=””]
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This article is not a piece of financial advice. No price prediction is guaranteed to provide exact information on the future price.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.