Right now, there is a pullback on the crypto market but a few assets outperform it, and Solana (SOL) is one of those. Why is investor confidence in Solana so high? Why does value and capital gravitate to it now? Find the reasons and expert opinions in this Solana price prediction from ChangeHero!
SOL Price in 2021–2030
- Solana price prediction 2021 is moderate but bullish: Solana is already outperforming the market and can potentially rise twice as much;
- 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 but all agree that SOL can well be worth several thousand 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. 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 be working with the developers to launch USDT on Solana, 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. Recently, SOL has renewed its ATH: it reached $55.04 on May 18, 2021.
From $1.80 in early 2021 the native token has grown up to $53.68, 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.
Raydium is a Solana-based automatic market maker (AMM) and liquidity provider. Thanks to Raydium, SOL can be used for liquidity mining. This is just one example of how the native token can be used depending on the application.
Moreover, Solana is an emerging competitor to Ethereum for the DeFi domination. In comparison with it, Solana has higher throughput 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 can already be used for transacting in stablecoins at up to 50 thousand transactions per second.
Latest Twitter posts
— 360Trader (@360_trader) May 17, 2021
360Trader provides analysis on the most recent SOL–USD chart and concludes it can break through $50 (which is already happening!) and rise to $61 in the nearest term.
How come the best time to buy $SOL is when the whole market nukes?
— CoinMamba (@coinmamba) May 17, 2021
Interestingly enough, SOL performs great when the market is in the red, which CoinMamba notices. SOL community seems to stay winning, as it were!
— The Crypto Dog📈 (@TheCryptoDog) May 17, 2021
SOL is a darling of another popular trader, the Crypto Dog. It is essentially in discovery now, but looks like the chances of a new ATH approaching are as high as ever.
Solana Price Prediction 2021
Coinpedia SOL Price Prediction 2021: $70–75
Rounding up their own results and the opinions of investors, the Coinpedia team concludes that the most reasonable target for SOL at the end of 2021 is $70 to 75. This is a moderate figure which should take in account possible consolidations and corrections.
Crypto Profit Solana price prediction 2021: $100–200
Due to real world use cases and strong fundamentals, Solana can perform well and outperform the rest of the market, YouTube channel Crypto Profit claims. By the end of May, it would stay in the $50–60 range but in a month he can see SOL reaching $80. By the end of 2021, $100–200 SOL seems to be feasible to this YouTuber.
LongForecast Solana price prediction 2021: $126.7
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, $126.7 can be expected, and 2021 for SOL will close at $118.4.
SOL price prediction 2022–2024
Coinpedia SOL price prediction in 2022: $100
The highs of 2021 will become the norm for Solana by the end of the year. Coinpedia expects 2022 to open at around $65. The future from there on depends on the market conditions: if bulls keep up, after trading between $55–70 Solana can break through to $100 and above.
WalletInvestor SOL price prediction in 2023: $200–470
WalletInvestor is extremely bullish on Solana. In 2023, in just two years, the returns it can yield amount to 459.8%. On average, in 2023 the price will start at little over $250 and move further up to $370 by the end of the year. With volatility accounted for, minimal expected prices are hovering around $200 and highest possible figures reach $470.
Digitalcoinprice SOL price prediction in 2024: $128.91
On average, the price of SOL can reach $128.91, DigitalCoin claims. Highest average price is forecasted to be observed in June: $150.24. After that, a short pullback will take it slightly lower, to $118.65 in August, but it is still 128% up in comparison with today’s price.
Solana price prediction 2025
Coinpedia SOL price prediction: over $300
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 five years, Solana can be the leading platform in it thanks to its qualities. So, the authors think it is nowhere outside of reasonable to put the target at $300 mark.
RippleCoinNews SOL price prediction: $300
Same estimate comes from another source, RippleCoinNews. Their reasoning is similar: by then, dApps will become a part of daily life and DeFi will also be empowering users worldwide. Since Solana focuses on both, it will be at the forefront of progress, and the value of the platform will get appreciated by investors.
Coin Price Forecast SOL Forecast: $1,162
This prediction from Coin Price Forecast makes the previous two seem moderate! In their calculations, in 2025 there will be a rally of SOL, and the price will peak in mid-2025 at $1,162. The 2025 closing price will get a little lower, $1,110.17.
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 $1,794.06. CryptocurrencyPricePrediction goes further and puts the target at above $5,000. 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 most investors agree on.
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 yet undervalued cryptocurrency that is really blowing up in 2021. If the platform finds application with the mass audience, the demand for it now will seem like nothing.
Frequently Asked Questions
Is Solana a good investment in 2021?
Most investors and analysts agree Solana is a sound investment in cryptocurrencies in 2021.
What will Solana be worth in 2025?
By 2025, depending on the source, SOL price is expected to grow up to $300 to $1,662.
Why is Solana rising?
As the market is falling following Bitcoin, value bleeds over into altcoins with stronger standing, fundamentals and technicals. At the moment, Solana is one of them.
How can I buy Solana?
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!
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.