Altcoins

Solana Price Prediction: SOL Price Predicted To Hit $45 By End of 2022

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Jul 23, 2022

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Altcoins had a similar trend on their charts as Bitcoin, which dropped by 2% over the previous day. The buying strength of Solana significantly decreased, causing negative price action. In the previous seven days, Solana had a notable bullish price action, but at the time of writing, the bulls had lost momentum. The coin lost 4 percent in the previous day.

According to the consensus of 54 crypto and Web3 fintech specialists, Solana will end 2022 at a price of $45, according to the findings of the most recent Finder price predictions research, which was first released on July 19.

Looking farther into the future, the panel predicted that Solana’s value will be about $166 by the end of 2025, rise to $512 by the end of 2030, and then level off.

SOL price was expected to reach $222 by the end of 2022, according to Finder analysts who were more bullish before the market meltdown in January. This prediction was greater than their current forecast for the coin’s anticipated value by the end of 2025.

Additionally, they are currently more positive than they were in January, when their expectations for 2025 and 2030 were at $486 and $1,267, respectively.

Is this the right time to buy SOL?

The panelists disagree on whether or not now is the ideal time to purchase Solana tokens in light of the recent crypto market fall, the ongoing investigation into Solana, the ongoing blockchain power outages, and the company’s announced launch of Saga, an Android Web-focused smartphone.

In particular, 40% of panelists said that the moment was right to buy SOL, while 29% said that the time was right to sell it. Another 31% think that for the time being, cryptocurrency traders and investors should merely “hodl.”

Alex Nagorski, the fund’s management executive at , is one of the more bullish specialists and projects that SOL will trade at $80 by the end of 2022. He thinks that the current network enhancements would boost the price of Solana. As he clarified:

“Solana has implemented several promising protocol updates, which appear to have reduced outages in the short term. It remains to be seen if the stability will persist. Solana has captured significant portions of the NFT market from Ethereum and remains a decent competitor in the L1 race.”

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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