Author: changehero
August 3, 2022

No doubt, by now Solana is one of the more recognizable projects on the crypto market. Thousands of users have confidence in the ecosystem but naysayers insist it will not stay in the top-10 forever. So we reviewed Solana price predictions to give you a better idea where the community expects the SOL price to go in 2022 and future years.

solana price prediction banner

No doubt, by now Solana is one of the more recognizable projects on the crypto market. Thousands of users have confidence in the ecosystem but naysayers insist it will not stay in the top-10 forever. So we reviewed Solana price predictions to give you a better idea where the community expects the SOL price to go in 2022 and future years.

Solana Price Predictions 2022–2030

YearPrice, USD
2022$31–74.89
2023$4–41
2024$76.23–214.70
2025$72.05–800
2030$120–1,500
According to the 2022 Solana price prediction, it will not pull back below the yearly minimum price anymore. The expectations of how high SOL price can go are muted as well, with $75 being the absolute maximum. In the 2025 Solana (SOL) price prediction, the outlook is positive. By then it is expected to overtake the current ATH all the way up at $800. In Solana (SOL) price prediction for the end of the decade, SOL price will firmly establish in the three-digit range and even venture into the four-digit territory.

What is Solana and 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.

The native Solana token has the ticker SOL. If you want to learn more about this project, read the Beginner’s guide to Solana by ChangeHero.

Solana (SOL) Price History

Solana (SOL) Price in 2020–2021

SOL price chart in 2020–2021
Source: CoinMarketCap

Solana entered the crypto market 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. 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 continued the rally reaching the current ATH of $260.06 on November 6, 2021.

Solana (SOL) Price in 2022 to Date

SOL price chart in 2022
Source: CoinMarketCap

Since reaching the maximum price though, Solana price went on to be locked into a long-term downtrend well into 2022. Its opening price in 2022 around $170 also continues to be the yearly high. A brief relief rally saw the SOL price go up to $140 in April, but the selling pressure turned out to be prevalent. At the time of writing, the current price of SOL is $39.27, and Solana coin ranks 9th on CoinMarketCap with a 13,604,717,379 Solana market cap.

What Influences the Price of Solana?

Integrations and Partnerships

The Solana coin grew in value with the news about Tether and USDC collaborations. Since both stablecoins are tokens, having to pay transaction fees in the Solana token drives up demand. The Lollapalooza 2021 sponsorship brought more attention to the currency and made its price grow short term.

In 2022, Solana Foundation opened a physical ‘Web3 embassy’ in Hudson Yards, NY. The retail space offers merchandise on sale and assistance with onboarding to the Solana ecosystem. Among the represented ecosystem projects are Degenerate Ape Academy and STEPN.

Protocol Updates

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. Nonetheless, the network has proven time and time again to be vulnerable to spam bot attacks. To bolster the network’s stability, Solana Foundation has proposed and is working on the transition from UDP to QUIC. There is no finalized date of the release of the software on mainnet but users can track the progress in the open GitHub repository.

Mainstream Adoption

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 88 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.

Solana on Twitter

User Aylo confesses to changing their opinion on Solana’s future after years of watching and acknowledging its prospects. We highly recommend you to give their comprehensive write-up on Solana blockchain a read.

A member of the Solana network Taki held a Twitter Space to discuss how sport ties into Web3. Check the Space out while you can!

Another Solana resident Zebec Protocol comes in with a nifty latest Solana news roundup.

Solana Price Prediction 2022

Coinpedia’s technical analysis arrives at the conclusion that we will not see Solana above $55 in 2022. However, they hope that the current Solana price will remain a support level for the rest of the year.

YouTuber More Crypto Online uses Elliot Waves to draft the Solana price analysis. The SOL price chart has entered another pullback with the support level at $31.80. The following wave, if the trend truly has shifted to the upside, can take SOL to $58 in the short term. The Economy Forecast Agency predicts a bear market rally in fall. More exactly, the future local high at $74.89 is expected sometime in October 2022. 2022 for SOL will close at only $49.38.

Solana SOL Price Prediction 2023–2024

WalletInvestor is bearish on the SOL token due to the past price data. On average, in 2023 the forecast price will start at little over $41 and dip to the $4~7 range by the end of the year. In 2024 though, on average the price of SOL can reach $76.23, DigitalCoin claims. The highest average price is forecasted to be observed in August: $214.70.

Solana Price Prediction 2025

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 a few years, Solana can become the leading platform in DeFi thanks to its qualities. So, with technical analysis Coinpedia thinks it is nowhere outside of reasonable to put the average target at the $169 mark. In an alternative scenario, if the team fails to keep the platform competitive, SOL in 2025 can sink to $125.047. A much more bullish estimate comes from another source, RippleCoinNews: $800. 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. This SOL price prediction from the Coin Price Forecast is a lot more lukewarm than the previous two. In  2025 SOL will have grown to $72.05 in mid-2025. The 2025 closing price will get slightly higher, $81.31.

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 blockchain will be around at that time. Coin Price Forecast, for example, is sure it will further grow in value to $121.85. CryptocurrencyPricePrediction goes further and puts the target at above $1,500. Both services use historical data to project the possible growth rate, 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, $50 in 2022 and $500 after 2025 seem to be the targets many investors expect.

How to get SOL on ChangeHero?

  1. 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;
  2. Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
  3. Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
  4. 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;
  5. 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]

Conclusion

Solana came around at the perfect time to blow up, and by now has deserved a place in the top-10. In comparison to the 2021 bull market Solana (SOL) price prediction, expectations from Solana price value are lower but still extremely bullish.

You can find more articles about Solana in our blog or useful posts in our Twitter, subreddit, Facebook and Telegram. Check them out and subscribe!


Frequently Asked Questions

How much will Solana be in 2030?

In 2030, Solana may as well be trading anywhere between $120 and $1,500.

How much is Solana worth in 2022?

By 2022, the average trading price of SOL is expected to be between $31 and $74.89.

How much is Solana worth in 2025?

By 2025, SOL is expected to grow up to $72.05 and may even reach $800, according to some forecasts.

How much will Solana be worth in 5 years?

In 2027, bullish Solana price predictions put the price targets between $800 and $1,500. More realistic forecasts claim SOL will be worth $72.05 to $120.


Disclaimer

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 investing in cryptocurrencies only after careful consideration and analysis and at your own risk.

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Harry
Harry
1 year ago

$100 is an under estimate for solana price prediction. I would say $1000 in 2021

Harpy
Harpy
1 year ago

Holding and going strong.

Brandon
Brandon
11 months ago

Five hundred easy this year.

Marcus
Marcus
11 months ago

Man solana is the bomb.

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