Solana crypto is a rare case when a project delivered more than it was expected. Even in 2024, it is going strong. We reviewed Solana price predictions to give you a better idea of where the Solana community expects the SOL price to go in 2024 and future years.
Solana Price Predictions 2024–2034
- The long-term moderate and bullish Solana forecasts follow each other closely until 2029 but diverge greatly past 2030. Given the time frame, the discrepancy is natural.
- An aggregate moderate Solana price prediction sees it reach a new price record by 2025. After that, it is possible it will continue growing but will revisit this level in 2030.
- An aggregate bullish Solana price prediction puts it above the current ATH as soon as this year. The trajectory SOL’s price is expected to follow is almost a clear-cut parabole to $6,000.
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 jump to conclusions: Solana network 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 claims it 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 2020–2022
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 would launch USDT on Solana, the SOL price rallied to $4.34.
Since then, though, the price entered a downtrend that 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 $259.96 on November 6, 2021.
Since reaching the maximum price though, Solana’s price went on to be locked into a long-term downtrend well into 2022. Its opening price in 2022 around $170 also became 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.
Solana was one of the assets that suffered the most from the FTX crash: in the immediate aftermath, it lost over 60% of its value. The reason is that the exchange’s investment arm FTX Ventures was one of the early investors in Solana. As a result, SOL ended the year a little shy of $10.
Solana (SOL) Price in 2023–2024
The 2023-2024 SOL price chart paints a completely different picture. 2023 looked a lot more optimistic for Solana, while its price climbed back and settled in the double-digit range. In October, SOL’s price growth started to accelerate, with more stablecoins and apps cited as possible reasons. By the end of the year, SOL tokens had already breached $100.
However, it pales in comparison to the price action in 2024. In January, the Bitcoin ETFs were approved in the U.S., causing a surge of optimistic sentiment across the crypto market. Coupled with the meme-powered resurgence in SOL token activity, Solana’s price climbed to $200 in March.
At the time of writing, the current Solana price is $144.33, and the SOL coin ranks 5th on CoinGecko.
What Influences the Price of Solana?
Integrations and Partnerships
Initially, 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 for SOL. 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.
A more recent example that we already briefly mentioned was the October 2023 SOL price increase. Which news exactly triggered it? Big names were involved: Solana Pay collaborated with Shopify and Visa took interest in the SOL-based USDC.
Protocol Updates
Solana is an emerging competitor to Ethereum for the DeFi domination. In comparison with it, Solana has a 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 spambot attacks. To bolster the network’s stability, the Solana Foundation made the transition from UDP to QUIC. Fast forward to 2024, and the congestion issues, followed by further improvements and fixes, are still quite common.
Mainstream Adoption
Speaking of the long term, Solana is an attractive platform for payments even in comparison to the current blockchain standards. To compare, Visa can successfully perform 1,700 transactions per second. Solana has processed more than 88 billion transactions since launch at a rate of about 1,100 tps. SOL is mostly used in DeFi but some companies like Bitpay let vendors accept SOL coins as payment.
Solana as a platform is also looking to integrate more use cases, with DePIN being the latest trend. DePIN stands for Decentralized Physical Infrastructure, pioneered by Helium and IoTeX. Projects in this sphere use blockchain to incentivize users to enable real-world services with physical infrastructure.
Solana Price Forecast and Analysis
In the current Solana market, the SOL price move is feasible in both directions. For the time being, it seems to be about to test the resistance level of $138.89. A move below would once again see SOL for $116.98 or lower.
However, the relative strength index (RSI) is below the 50% mark and a bullish crossover is in effect. There is still a chance that SOL will recover to $152.44 or even $163.40. SOL reaching levels above $209.82, though, needs a very strong bullish impetus.
Solana Price Prediction 2024
Coinpedia’s technical analysis concludes that we will see Solana reach up to $500 in 2024. However, they hope that the Solana price will not dip below $90.
In the shorter term, CoinGape maintains that SOL signals bullish. If the $160 resistance is overturned, $200 may as well be the next stop. If it fails, the price should pull back to $140.
On YouTube, Solana price prediction from The Mango Way is $250 on the condition that SOL breaches the resistance at $173. This would mean a new all-time high, which is pretty much universally expected during this bull run.
Solana (SOL) Price Prediction 2025
WalletInvestor is not overly optimistic about the SOL token due to the past price data. A year from now, its forecast price is $222.31. The minimum price that year is predicted to be $140.66 around February and the highest is $359.63 in December.
The average price of SOL in 2025 can reach $336.53, DigitalCoin claims. The highest average SOL coin price is forecasted to be $373.01 and this Solana price prediction is attributed to Tim Draper.
An algorithmic forecast by CoinCodex projects a $279.60 SOL price in a year, following a potential pullback from the yearly high of $415.11. If the downtrend continues, the minimum price Solana can reach in 2025 is $141.65.
Solana Price Prediction 2026–2029
What about the Solana price from 2026 to 2029? Compare the predictions below received from various sources and methods. Most of them suggest $1,000 for Solana is closer than we think.
| Year | PricePrediction.net | TechNewsLeader | AMB Crypto |
| 2026 | $391.38–448.05 | $400.95–487.49 | $415.17–498.20 |
| 2027 | $578.00–671.01 | $577.04–691.84 | $556.32–667.59 |
| 2028 | $865.19–1,012 | $813.97–1,002 | $745.47–894.56 |
| 2029 | $1,244–1,491 | $1,129–1,421 | $998.93–1,198.72 |
Solana Price Prediction 2030, 2034
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 playing it safe claiming Solana will further grow in value only up to $613–653. In ten years, with a 444% boost, SOL is expected to change hands for no more than $782–816.
Crypto Disrupt, on the other hand, is more bullish on Solana and puts the target average price for 2030 at $1,883.05. By 2034, Solana will have grown further to the range between $5,431.39 and $6,753.90.
Last but not least, an algorithmic forecast by CoinDataFlow provides a wide range of possible Solana prices in 2030. The maximum price SOL can reach by then is $1,015.17 but the minimum projected price is $295.18. A few years later, in 2034, the projected range for Solana’s price will have moved up to $505.5–1,615.27.
How to get SOL on ChangeHero?
The fastest and easiest way to get SOL crypto tokens is to swap them with other cryptocurrencies on ChangeHero. You won’t need to create an account, go through KYC, or make a deposit before starting:
- 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;
- Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
- Send in a single transaction the sum of the cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- Done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives;
- As soon as the exchange has been processed, your SOL is on the way to your wallet.
ChangeHero’s customer support is available any day, any time in the chat on the website or through the email: [email protected].
Do you want to buy Solana with a bank card? Look no further than the ChangeHero website: our partners will make your SOL purchase smooth and swift.
Conclusion
Despite no longer being a hidden gem, Solana (SOL) still has a lot of eyes on it and hopes for an even more spectacular rally than in 2021. What do you think about these Solana price predictions?
You can find more articles about Solana in our blog or useful posts on our X, subreddit, Facebook, and Telegram. Check them out and subscribe!
Frequently Asked Questions
What will Solana be worth in 2025?
For the year 2025, it is anticipated that the price range of SOL will fluctuate between $140.66 and $415.11. Various factors, including market dynamics and project advancements, could impact the eventual valuation.
How high can Solana go in 2024?
In 2024, SOL is expected to reach new heights with a $500 price tag. Investors are optimistic about GALA’s potential to soar to unprecedented levels in the future.
Can Solana coin reach $1,000?
Given Solana Coin’s current market cap of $63,637,019,965, reaching a price of $1,000 would necessitate a market cap of around $450 trillion. Attaining this valuation could be feasible at best by 2029 bull market.
Will SOL hit $200?
Yes, SOL can reach $200 as soon as 2024 based on the potential growth factors. However, achieving this price point would depend on various market conditions and adoption levels.
How much is Solana worth today?
At the time of writing, the current price of SOL is $144.33.
How much will 1 Solana be worth in 2030?
In 2030, the price of Solana is expected to range between $295.18 and $1,883.05. Factors such as market trends and project developments may influence the final value.
What is Solana’s total price?
The market capitalization (price•number of tokens in circulation) of Solana today is $63,637,019,965 according to CoinGecko. The fully diluted valuation of SOL (price•number of tokens in total) is estimated to be $81,794,993,547.
What is the highest price of Solana in history?
As of April 2024, Solana (SOL) reached its maximum price of $259.96 on November 6, 2021.
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.
Learn more:
- Ethereum Price Prediction
- TRON (TRX) Price Prediction for 2022, 2025 and 2030
- Bitcoin Cash Price Prediction 2022, 2025 and 2030
- Beginner’s Guide to Cardano Vasil Hard Fork
