Author: changehero
December 8, 2021

DeFi, play-to-earn games and NFTs, oh my! — Solana has it all and claims to scale to breakneck speeds. In this Solana beginner’s guide, the ChangeHero team will introduce and explain what Solana and the Solana’s native cryptocurrency SOL are. Key Takeaways Solana is a decentralized protocol for distributed computing and building dApps. Its main […]

What is Solana? A Beginner’s Guide

DeFi, play-to-earn games and NFTs, oh my! — Solana has it all and claims to scale to breakneck speeds. In this Solana beginner’s guide, the ChangeHero team will introduce and explain what Solana and the Solana’s native cryptocurrency SOL are.

Key Takeaways

  • Solana is a decentralized protocol for distributed computing and building dApps. Its main advantage is the ability to scale up to 65,000 transactions per second;
  • Solana protocol combined original Proof-of-History protocol with the Proof-of-Stake consensus algorithm which makes it faster and more energy efficient;
  • The Solana platform is backed by major market players like Circle and Tether. DApps with smart contracts built on it already have millions of active users.

What is Solana?

Solana logo
Source: Solana

At its core, the value proposition of Solana is not very different from Ethereum’s. It is a public base-layer blockchain protocol that is best suited for decentralized computing and creating decentralized applications (dApps). 

What is Solana’s improving, then? By design, this protocol is near-perfectly optimized for scalability. 

As a result, dApp devs do not need to design around performance bottlenecks. This is achieved with an innovative hybrid consensus model combining a Proof-of-Stake (PoS) consensus algorithm with a novel Proof-of-History (PoH) timestamp system.

Proof-of-History

Proof-of-History chain diagram.
Source: Binance Academy

Solana hashes all transactions with the SHA-256 algorithm (the same that Bitcoin uses). An output of each transaction is the input for the next one, and since hashing takes a set amount of time, it is used instead of timestamps.

The problem with the timestamps in blockchains like Bitcoin is that every miner uses local time or even inaccurate time. To avoid reorganization, Solana blockchain uses hashes that link the blocks in a cryptographically verified succession.

In a very short amount of time, every 400 ms, validators vote on inclusion of transactions in slots. Each subsequent vote doubles the amount of time needed to roll the consensus back.

PoH relies on Proof-of-Stake (in Solana’s blockchain, the Tower BFT algorithm) to validate transactions. To pass it, at least two thirds of all nodes have to agree with each other. PoH is more like an additional securing mechanism which prevents rollbacks.

History and Team behind Solana

In 2017, Qualcomm engineer Anatoly Yakovenko published the Proof-of-History whitepaper. With his colleagues, Greg Fitzgerald and Stephen Akridge, they built a prototype testnet in 2018 and founded Solana Labs. 

The team was joined by Raj Gokal, who is now the company’s COO. Through 2018 to 2019, the team was fundraising and building the protocol in parallel. 

By March 2020, Solana Labs was ready to launch the Solana blockchain, shortly after a token auction which raised $2.4 million.

Solana Labs, which is still the major contributor to the development, itself is based in San Francisco, California. The team members can be found on every continent. There is also Solana Foundation, a non-profit working on promoting and supporting Solana’s blockchain, based in Switzerland.

What is Solana Coin (SOL)?

Just like ETH, a cryptocurrency SOL, which is a Solananative token, is the lifeblood of the platform. The ledger keeps record of transactions that are denominated in it or in the SOL-based tokens.

Solana coin is inflationary but the rate of issuance is designed to be decreasing. The current rate is 10.5% but in ten years, it is programmed to have about 1.5% annual inflation rate.

According to Messari.io, the current circulating supply of SOL is 342,378,734.11, and the liquid supply is 532,186,728.00.

What is Solana used for?

Low transaction fees and throughput of about 65 thousand transactions per second make it a legitimate alternative to Ethereum.

Another use is to stake Solana. Anyone can validate transactions, but the hardware and bandwidth requirements of running a node are rather high. 

In case you cannot afford to run a node, a stake of SOL tokens can be delegated to a validator, of which there are 1,283 at the time of writing.

Comparison with Similar Projects

The first competitor that comes to mind is Ethereum, the problems of which Solana set out to solve. Ethereum has a throughput of about 16 tps and can realistically scale only with second-layer solutions until the merger with Ethereum 2.0.

Binance Smart Chain, the second most popular decentralized finance and smart contracts platform, can handle more load but is often criticized for being a centralized system.

There have been other projects with premises and scaling capabilities similar to Solana. Marlin is an open protocol that provides a high-performance programmable network infrastructure for DeFi and Web 3.0. However, unlike Solana, Marlin runs on top of Ethereum.

What is Solana Criticized For?

Solana is often criticized for being rather unstable. In December 2020, Solana network went offline for approximately six hours. The critical fault could have been solved in a less amount of time, but the decentralized nature of the platform demanded consensus.

In September 2021, bots barraged the initial DEX offering Grape Protocol with denial of service attacks so severely, the entire network went down. The downtime lasted a total of 17 hours.

There were other bugs that could have endangered the network but were discovered in time. A bug that allowed the withdrawal of more fractional tokens that were deposited to a protocol was found by Neodyme and fixed.

As previously mentioned, bandwidth and hardware requirements to validate transactions are rather high: 12 core CPU, 128 GB of RAM and 300 MBit/s connection are recommended. This limits the number of possible validators and stifles decentralization.

Partnerships and Future Plans

The most prominent partners of Solana are established players of the market, Circle and Tether. After all, it is crucial for a DeFi platform to incorporate solutions like stablecoins which found adoption in the sphere. 

Another example of Solana adopting decentralized finance staples would be the cooperation with Chainlink for price oracles.

After the mainnet launch, there have been no set roadmaps for the Solana platform. Instead, the devs and community focus on bringing more projects into the ecosystem. 

With the explosion of popularity in non-fungible tokens and Play-to-Earn, it was only a matter of time until NFT collections and games would appear on Solana. MonkeyBall and SolChicks gained appraisal from dozens of high-profile investors — though the latter raised some stir with its 113 backing venture capital funds.

Solana itself is still receiving funding from companies interested in the development of its ecosystem. In March 2021, investments from OKEx and MXC totaled to $40 million.

Social Media Posts

I’m paving new avenues for NFT growth through my Collab I got coming wit @Babolex on https://t.co/vaUYWClg2n
🎥👊🏾💥💫 #Solana pic.twitter.com/tdifEjX5T4

— Snoop Dogg (@SnoopDogg) December 7, 2021


Snoop Dogg is one of the biggest celebrities endorsing crypto at the moment, and the fact that he collaborated with Solana raised the community interest by a lot.

HOW TO MAKE IT BIG minting Solana NFTs.

An easy, step by step, guide based on my experience of seeing how the best in the space get it done. 🧵 (1/7)
— Benny | 💀🤖🦍| brainless.sol (@Benny_Brainless) December 6, 2021


User Benny documented their experience on the NFT branch of Solana. Make sure to take the advice in the thread with a grain of salt, since it is ironic.

it really be like that.
love you solana pic.twitter.com/FkgA1jBO0t

— Currylicious (GANG) 🏀 (@curryliciousSOL) December 7, 2021


Solana users are more clear about their preferences than even the Solana devs, who deny competition with Ethereum. Low fees and high speeds are a strong enough incentive for the Solana community to root for their platform.

Where to store SOL

If you are looking for wallets exclusively for SOL, take a look at Solflare or Sollet. They support Solana-based tokens and some dApps. 

However, most crypto users own more than one currency. You can check out software Math Wallet and Trust Wallet or Ledger for cold storage. In the Exodus wallet, you can delegate a stake and exchange SOL right in the app.

How to Exchange SOL?

You can trade Solana on most crypto exchanges but trading on an exchange comes with some hassles. You have to create an account and deposit funds into the exchange’s custody. It takes time and your trust in the platform.

ChangeHero is an alternative way. It’s extremely easy to buy Solana with any currency supported by the service. ChangeHero is a non-custodial instant cryptocurrency exchange, so you won’t have to worry about setting up an account or deposits.
Exchanging Solana with ChangeHero can be done in a few easy steps:

  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 tokens are on the way to your wallet. 

Our customer support is available round the clock in the chat on the website or through the email: [email protected].

Conclusion

We can say Solana is a successor to Ethereum in DeFi, because it significantly improves the user and developer experience. If it had an ecosystem as diverse and vast as Ethereum, DeFi would be way more mainstream.

If you enjoyed the Solana guide, do check out more guides and digests in our blog! The updates are regularly posted to Twitter, Facebook and Telegram, so don’t forget to subscribe.


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Author: changehero
June 16, 2021

In the six years since the start, Ethereum has given blockchain developers opportunities to build protocols and applications for just about any use case. However, Ethereum is far from perfect, and there are other platforms hoping to achieve its success by eliminating the flaws. In this guide by the ChangeHero team find a review of […]

Ethereum Killers 2021

In the six years since the start, Ethereum has given blockchain developers opportunities to build protocols and applications for just about any use case. However, Ethereum is far from perfect, and there are other platforms hoping to achieve its success by eliminating the flaws. In this guide by the ChangeHero team find a review of all of the alternatives that are nicknamed “Ethereum killers”!

Key Takeaways

  • “Ethereum killers” are what blockchain projects are often called if they can perform the same functions as Ethereum and also fix some of its shortcomings;
  • Some of the drawbacks Ethereum alternatives attempt to fix are scalability and throughput, as well as environmentally unsustainable consensus algorithm;
  • These Ethereum alternatives include Polkadot, Cardano, Tezos, Solana, Binance Smart Chain and EOS.

What is Ethereum and its use cases?

Ethereum is a distributed blockchain network capable of executing smart contracts, which power everything from tokens to sophisticated applications. This range made it possible to develop solutions such as stablecoins and self-executing contracts, making DeFi possible.
Decentralized finance (DeFi) includes a vast array of services and apps that operate with the help of blockchain and cryptocurrencies. It’s been around for years but truly gained recognition in mid-2020, and even now about 90% of it is on Ethereum.
With each year, more and more applications are built on Ethereum, which positively affects the price of its native currency. To use a stablecoin, mint an NFT or utilize an application, the user has to pay the network fee in ETH.
For a more detailed breakdown of Ethereum and ETH, we recommend checking out our Beginner’s Guide.

ETH price chart
Source: CoinMarketCap

In the first half of 2020, ETH price was mostly following BTC. With the growing popularity of DeFi in August 2020, ETH price followed: from $230 to $440.
Since then, it continued the uptrend and started a bull run together with BTC in late 2020. 2021 started with ETH at $730, and on May 12 it reached its ATH: $4,362.35.
Now (at the time of writing) Ethereum price is $2,579.03 according to CoinMarketCap.

Ethereum’s Disadvantages

If Ethereum is so good, why are there Ethereum killers? Obviously, it is not perfect.
What is the “Ethereum killer”, anyway? It is a nickname given to networks that can perform most functions of Ethereum but also have a competitive advantage.
In Ethereum, scalability bottlenecks remain largely unsolved on the main chain even after six years in mainnet development. At this point, layer-two solutions like Plasma and optimistic rollups are a better alternative but they require more development acumen.
Because of low throughput (15 transactions per second) and increasing demand, Ethereum users compete to get their transactions processed faster. As a result of this feedback loop, network fees get higher for everyone.
Ethereum as a Proof-of-Work blockchain is also a target of criticism in the debate of the ecological impact of cryptocurrencies.
To make sure it’s always online and properly synchronized, the network relies on miners, who solve cryptographic hashes using computing power. Miners always have to get more equipment and use more electricity to stay competitive and gain the rewards.
Eventually, Ethereum is supposed to migrate to the Proof-of-Stake (PoS) model which won’t require mining to operate. However, the plans to change to PoS have been around for years, and don’t seem to be coming to fruition any time soon.
One of the possible reasons is that updates have to be locked in by miners, and discussions can take a while. Then, the network undergoes a hard fork on a set day, so everyone can update: otherwise, they won’t be able to use it.
What Ethereum alternatives 2021 are trying to take its crown? Let’s review the most popular and see what they try to fix.

Ethereum Competitors

Polkadot

Polkadot is one of the most recent but also advanced Ethereum alternatives. 
Instead of going the route of supporting smart contracts, Polkadot acts as a platform connecting blockchains. Polkadot sidechains can have different rules and execute smart contracts, too.
In Polkadot, Proof-of-Work is replaced with Nominated Proof-of-Stake (NPoS), in which validators and nominators are chosen from the pool. This lowers the barrier to start earning rewards and significantly reduces the energy consumption.
Polkadot even at the base layer can process 1,000 transactions per second, and sidechains scale the network even further. To code smart contracts and applications, developers can use languages ranging from Rust to JavaScript.
Another noteworthy feature of Polkadot is flexibility, thanks to which the network doesn’t need to hard fork. This is where DOT comes in, because this token is needed for voting.

ADA price chart
Source: CoinMarketCap

DOT was launched in August 2020, right at the height of the DeFi summer. It was too new to gain recognition and rise in price immediately, but in late 2020 it went on the bull run, too.
2020 closed and 2021 opened at $8, and like ETH, on May 15 DOT reached the yearly and all-time maximum: $49.69. At the time of writing, DOT price is $24.25.

Cardano

The Cardano blockchain is one of the first among Ethereum killers.
Can Cardano replace Ethereum? Eventually, but not yet: they have just entered the stage of development which will introduce smart contracts.
Unlike Ethereum, Cardano has operated on Proof-of-Stake since the very beginning. Among Ethereum competitors, it is also one with a higher number of stake pools (2,756 according to Cardanoscan).
With L2, Cardano potentially can work faster than Visa at 65,000 transactions per second. Their development can move somewhat slowly with formal methods and peer reviewing, but they have a clear roadmap in place.
Therefore, for now, the primary purpose of ADA, besides value transfer, is for staking. How did it affect its price for the last two years?

ADA price chart
Source: CoinMarketCap

Most of its price history ADA spent in the sub-dollar zone. In 2020, it started at $0.033 and closed the year at $0.1814, rising with the bull run.
In 2021 so far, the highest it’s been is $2.46 on May 16. At the time of writing, the ADA price is $1.55.

Tezos

Another alternative to Proof-of-Work Ethereum is Delegated Proof-of-Stake Tezos. The architecture of the network supported smart contracts on launch, so unlike Cardano, Tezos could compete with Ethereum right away.
While 40 tps that Tezos can support on the base chain don’t seem very fast, it is still more than two times Ethereum’s throughput. Tezos uses a unique programming language, OCaml, which can identify blocks, protocols and transactions — main components of a blockchain structure.
Outreach and awareness campaigns are carried out by Tezos Foundation, a non-profit organization. They scored a few large partnerships, like collaboration on digital currency with Societe Generale or City of Reno, where the Burning Man festival is held.
What else Tezos has to offer? You can read in our Beginner’s Guide to Tezos!

XTZ price chart
Source: CoinMarketCap

In 2020 and 2021 Tezos price was in an uptrend. Last year, it climbed from $1.37 at opening to $2 at closing.
In 2021 it experienced some strong volatility and peaked at $8.40 on May 7. Tezos has been collaborating with celebrities and music distributors to offer NFTs on a platform alternative to Ethereum.
At the moment of writing XTZ price is $3.26 according to CoinMarketCap.

Solana

Ethereum alternatives that launched in 2020 have had the luxury to account for DeFi as it is now in their design. Solana is one of those “Ethereum killers” created with this emerging fintech sector in mind.
The main advantage of Solana in comparison to Ethereum is throughput: up to 50,000 transactions per second. This speed is achieved thanks to the combination of PoS and unique Proof-of-History consensus algorithms.
There is more to learn about this novel blockchain, and we covered all you need to know in our guide.
Community and grant winners are developing swaths of DApps on Solana, mostly DeFi-oriented, like DEXs and AMMs. Many of them are the easiest to use with the native currency SOL.

SOL price chart
Source: CoinMarketCap

2020 has been more than decent for SOL price, as it started trading at $0.7 and closed the year at $1.8. But it wasn’t until 2021 when SOL reached the peak of its price history: $58.30 on May 18.
After crashing from the peak, it managed to regain most of the losses from the correction and SOL price is $37.56 at the time of writing.

Binance Smart Chain

The network that got the closest to being an Ethereum killer 2021 is Binance Smart Chain. It is an Ethereum virtual machine-compatible chain that launched in 2020.
The compatibility means developers can build apps in the same way they would on Ethereum or simply migrate. Binance Smart Chain is also fully interoperable with Binance Chain, which has supported BNB since 2018.
You can find the full history and all details about BSC, BC and BNB in a guide from ChangeHero.
BSC truly blew up in early 2021 because meteoric rise of ETH caused network overload and high fees. Users that chose this Ethereum alternative appreciated higher transaction speeds and lower costs, which in turn caused rapid appreciation of BNB.

BNB price chart
Source: CoinMarketCap

BNB holders had a pretty fruitful 2020: over the year, it grew from $13 to $38, almost by 200%. But then, 2021 happened: BNB flew to $690 at the peak (May 10, 2021), a 1,670% increase.
With such a sharp BNB price rise, no wonder new Ethereum killers appear so often! Now, at the time of writing, BNB price corrected to $353.25.

EOS

EOS is an open-source platform for DApp development developed by Block.one. It launched in 2018, when the design flaws of Ethereum became obvious and Ethereum killers started to emerge.
EOS blockchain set out to fix scalability and approachability issues. While scalability should be obvious by now, approachability means that EOS supports applications written in non-blockchain-specific languages.
By default, it does not suffer from bottlenecks Ethereum deals with because of PoS. Independent reviews proved that EOS can successfully achieve 4,000 transactions per second.
EOS Public Blockchain uses Delegated Proof-of-Stake and stake-weighted voting. It means EOS coin holders not only can stake it to get rewards but also vote in proportion to their stake.
In September 2020, Block.one launched a PowerUp model, in which users can power up their accounts with EOS and collect network fees.

EOS price chart
Source: CoinMarketCap

That new feature did not seem to impact the price much: in 2020 EOS opened and closed at $2.60. In 2021 so far, EOS did not get the chance to renew its ATH yet but it did reach $14.37 on May 11.
At the time of writing EOS price is $4.95 and it ranks 27th according to CoinMarketCap.

Conclusion

What is the best alternative to Ethereum? There is no conclusive answer because all reviewed networks can do some things better but have their own trade-offs.
It is still important to have Ethereum killers because competition helps products improve: if not for it, Ethereum wouldn’t progress. It’s hard to predict the future, everything changes rapidly in the crypto world, and in a few years Ethereum might be dethroned.
Did you enjoy the review? Check out our blog for more or our social media: Twitter, Facebook, Reddit and Telegram.


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Author: changehero
May 19, 2021

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 [table id=25 /] There is little doubt in the Solana price prediction 2021 that this year it will exceed $100; […]

Solana Price Prediction 2021, 2025 and 2030

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

[table id=25 /]

  • 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 logo
Source: Solana

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

SOL Price in 2020
Source: CoinMarketCap

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

SOL Price in 2021
Source: CoinMarketCap

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.

Application Launches

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.

Just recently, the TVL of Solana surpassed $2 billion. And the already mentioned Degenerate Apes proved that a killer app can send the price flying.

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 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


Outlet Solana Daily is frequently updated with useful information. Here they tried to compare social volume with the price movement, showing clear correlation.


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.


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

Solana price prediction 2024
Source: DigitalCoinPrice

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?

  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 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.

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

FAQ

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