Solana Tokenomics As of August 2022, the circulating supply of SOL is 348,812,954, and its maximum supply is 511,616,946.
When SOL launched, it had an initial total supply of 500 million tokens but there is no capped max supply. The initial inflation rate for Solana is 8%, which will reduce by 15% each year until 2031, when it will reach its stable long-term inflation rate of 1.5%.
As of April 2022, technical analysis by TradingView states that SOL is currently ranked as the 7th biggest crypto asset if we're talking market capitalization. Last but not least, Solana is also included in the list of “the coins that will explode in 2022.”
End of 2023: Working to repair its image in 2023, Solana can hit a new all-time high of $25. End of 2025: Reaching a similar scale to Ethereum by 2025, Solana is estimated to nab a top price of $39. End of 2030: The popularity of NFTs and the metaverse will push Solana to a phenomenal high of $137.4 in 2030.
There is no maximum supply for SOL. The number of coins in circulation progressively increases as validator nodes are compensated for processing the blockchain's transactions. The Solana Foundation has established an initial inflation rate of 8% for the network and a long-term inflation rate of 1.5%.
Should You Buy Solana? The Solana blockchain is highly efficient and very stable, and it offers low transaction fees for users. These factors combine to give the coin potential as a good long-term investment as far as cryptocurrency goes.
As of 6 January 2023, Alameda was said to still hold over 48 million locked and staked SOL tokens representing 66.1% of all locked stake, data on Solana Compass showed.
Solana may not hit $500 in 2023, but if you buy and hold for the long-term, getting a 15- or 20-fold return on your investment today does not seem to be out of the question.
It's unlikely for Solana to hit $10,000.
However, there are some sources that make such a prediction. For example, Trading Education predicts SOL to reach $10,000 by 2040. While the likelihood of this happening is low, it is still possible.
Bullish Solana (SOL) price predictions range between $71.68 and $135.40 by 2030. Market analysts believe SOL could reach $55.75 by 2025. Bearish Solana market price prediction for 2023 is $12.74.
Will Solana Hit $1,000 in 2022? While the prospect of Solana hitting $1,000 is likely, it probably won't happen in 2022. One reason is that the market is still growing and needs time to generate more demand.
Solana (SOL) is set to end 2022 at $35, according to Finder's panel of fintech specialists. Going forward, the panel is projecting SOL to be worth around $116 in 2025 before rising to $236 by 2030.
According to the Solana Price Prediction model above, SOL's price in November 2030 would be $1486.94.
Solana, in theory, has an unlimited supply, although it automatically issues a new set of tokens each year based on YOY inflation rate.
As of August 2022, the circulating supply of SOL is 348,812,954, and its maximum supply is 511,616,946. Its market cap is currently $12,844,093,016. Solana pays users rewards for staking.
There is a wide range of currencies that have a finite supply. Ethereum, however, has an infinite supply. In January 2021, there were 113.5 million tokens in circulation. As of April 2022, there are roughly 120 million.
On average, it will trade at around $179.57 in 2025, it added, with SOL's potential ROI predicted to be 441%. Finder's panel of experts also had some predictions to make. According to the panel, SOL can be expected to hit the $166-mark by 2025.
The current price is $13.32 per SOL. Solana is 94.88% below the all time high of $260.06. The current circulating supply is 368,062,291.915 SOL.
Solana looks to be selling off due to investors taking profits after a strong run late last weekend and into the early part of this week. Solana seemed to take off after the meme token BONK (CRYPTO: BONK), which is minted on the Solana blockchain, got hot recently.
For example, survey of 50 Fintech specialists predicted the price of SOL to be just over $5,000 by 2030. This prediction is likely based on SOL's proven ability to increase in value in just a short time. For Solana to reach $5,000, its price would need to see a 10,000% increase in the next eight years.
The collapse of FTX precipitated a broad crypto market crash in which Solana fell by a third in a single day. Solana fell deeper and harder than other cryptos due to its well-known relationship with billionaire Sam Bankman-Fried, the CEO of bankrupt FTX.
The team has also announced that there will be more integrations in the coming months that will further enhance the ecosystem and its usability. Based on all these factors, crypto enthusiasts predict that Solana is going to explode remarkably in 2023.
Solana's market cap of around $12 billion is just behind Cardano, but it still ranks 10th among all cryptocurrencies. Security. Cardano was the first blockchain to implement the Ouroboros protocol, which offers proof-of-stake functionality with additional security.
Popularity and users. When compared with Solana, Ethereum is the more popular cryptocurrency by a fairly wide margin. Ethereum's market cap is about $210 billion, which is substantially higher than Solana's market cap of $12 billion.
Solana can process more transactions per second with much lower transaction fees than most rival blockchains, such as Ethereum. It has blazing fast speed as well as low fees. It can post smart contracts and has a low environmental impact. Users can also stake Solana (SOL) for rewards.