While other so-called altcoins have suffered steep declines this year, Solana has been pummeled by the bankruptcies of Bankman-Fried's crypto exchange FTX and his hedge fund Alameda Research, which had backed the token. The coin has lost 94% of its value in 2022.
Solana has lost over $50 billion in value since the beginning of 2022, a year marked by outages, overloads, and significant exposure to Sam Bankman-Fried's FTX exchange.
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.”
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.
Solana had a disastrous 2022. But rapid growth in two key areas could lead to a much brighter 2023. Solana (SOL 4.17%), trading at just $12.25, is down more than 93% for the year. That makes it one of the worst-performing cryptos of 2022.
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. SOL is currently trading closer to its lows, potentially making it a good deal.
Yes. Solana is a good long-term investment.
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.
Although the price of its native token SOL has dropped about 80% in 2022, I think the network has a bright future. In fact, reaching $500 per token is not out of the realm of possibilities.
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.
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.
DigitalCoinPrice was more bullish in its solana crypto price prediction. Based on historical figures, the solana price prediction from the crypto data provider indicated that the token could trade at around $27.58 in 2023. Its solana price prediction for 2030 saw the coin potentially climbing to $128.85.
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.
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.
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.
Solana has amazing potential over the next few years as acceptance for cryptocurrency increases. Our market forecast indicates that by 2030, SOL could reach a new all-time high of $105.40.
Is Solana too late to buy? It's never too late to buy and invest in Solana (SOL) in 2022, as the crypto industry continues to be surprised by new infrastructure and innovation from Solana.
SOL price is additionally affected by the token's inflation rate, the amount being burned, and the growth of the Solana ecosystem. The current Solana price is 36.30 €.
How much will Solana be worth in December 2024? According to the Solana Price Prediction model above, SOL's price in December 2024 would be $314.22.
If you're an investor who values a peer-reviewed, scientific process before implementing new technology, Cardano may be a better fit for your portfolio. If transaction speed is the name of the game, Solana might be the better choice.
The transaction fees make a massive difference in value between the two coins. The transaction fees on Cardano are roughly $0.18, as opposed to the minuscule $0.00025 on Solana. In this sense, Solana is much more of a value, but the stability of Cardano cannot be overlooked.
Dogeliens Could Be The Next Coin To Look At As Solana Witnesses A Price Crash. Dogeliens (DOGET) is a new cryptocurrency on the radar for most investors. Being a meme coin on presale, the token comes at a relatively cheap price and lower risk compared to most cryptocurrencies in the market presently.
Amazingly, Solana is almost at the level of the top card network, Visa, whose network can process 65,000 TPS. Since its launch, Solana has produced a remarkable return of more than 14,500%, easily making it one of the best financial assets to own during this time.
The 12th-largest crypto based on its market cap, solana's popularity is continuing to grow. It had a huge upswing in 2021 but dipped along with the rest of the market in 2022. GOBankingRates listed solana as one of the top four cryptocurrencies to consider buying in March 2022.