Solana with its euphoric run in the past is under active consideration of investors and traders. The price of SOL is presently up 563.3% over the year, which comes despite the limitations and network congestions. However, a steady downfall has been nerve-wracking for not one but many.
Do you hold concerns about the future prospects of the Solana blockchain? Worry not! As we decode the plausible price prediction for 2022 and beyond. Join in as we analyse the price projections of Solana, in further sections of this article.
|Market cap||$ 16,421,908,049.0000|
|Trading Volume||$ 1,183,037,310.0000|
|All time high||$ 259.9600 Nov 6, 2021|
|All time low||$ 0.5008 May 11, 2020|
SOL price, as seen on the daily timeframe has been oscillating in a triangle. The crypto asset at the time of press is changing hands at $94.01. Whilst a balance in trade pressures could help break out of the pattern at $105.78. Bearish trends and depleting volumes might drag the price down to $77.89.
On a positive note, a constructive momentum and an impetus from the bulls could turn imperative for SOL’s price. As a result of this, the price of SOL could hit a maximum of $132.
|Potential Low||Average Price||Potential High|
The market crash on the 5th of January led to SOL’s price losing its ground of $175. The altcoin further lost its support at $130 on January 17th. While the price of SOL did rise back to $110, following its fall below $100. However, the Wormhole hack took back the price below the 3-digit mark.
Whilst Solana did breach back to its target of $110, the recent clash between Russia and Ukraine. And the anxiety around FED’s rate hike did bring down gains to square one. That said, in view of the fast-approaching new quarter SOL has been taking strides towards $110.
Bullish Case: If bulls continue to predominate with massive accumulation, we can expect the price to reiterate the bull rally of 2021. A similar surge over the incoming quarter, coming in from an intense rise in buy orders could drive the price up to a New ATH at $262.
Bearish Case: If the price of SOL price falls prey to negative sentiments. And if the network encounters any major congestion in the network. We can expect the SOL price to restrict itself to $175.31, in Q2.
Successively, if the scalability and TPS are enhanced to the next level with newer innovations. The altcoin shall even hit a potential high of $430.17, by the end of the current year. On the flip side, the digital asset could bog down to its 3-digit threshold at $100.734.
If Solana manages to sail across the challenges of the crypto-verse, whilst fixing the consensus issues. The price of SOL might escalate upwards of $496.3. On the flip side, if the asset remains more vulnerable to inflation and other torments, the price could settle at $238.79.
If Solana encourages newer upcoming startups, it could be a new competitor for other currencies in the market. Also, in the coming years, if Solana outgrows Ethereum, it might bang at significant highs. On this note, the SOL price may strike at $710.14.
New regulations in the future can afflict the price movements, and thereby a possible low might be in hand for SOL. If this happens, a slight pullback can draw Solana to $212.08 by the end of the next five years.
|Year||Potential Low||Potential High|
Wallet Investor forecasts a maximum price for SOL at $491.276 and a minimum at $436.35. The website hopes SOL will trade at an average price of $385.98 by the end of 2022. The firm expects SOL to close 2025 trade with a maximum of $1684.86, while the minimum is $1002.
Trading beasts predicts the SOL price to end in 2022 with a maximum price of $196.411. And with a minimum of $133.5, whilst expecting an average price of $157.128. The firm cites that by 2024, the maximum trade value of Solana will probably be $271.472. The average and minimum possibilities are $217.178 and $184.608.
According to DigitalCoinPrice, Solana is a profitable investment. The price of one SOL can rise to $201.7 by 2022. And by 2025, the price of one SOL is to be estimated at $322.23.
According to Gov.Capital, the SOL price will hit the $527.221 average price level by the end of 2022. The maximum and minimum possibilities are $606.3 and $448.13. The website has made an extremely bullish prediction, with a target of $3544.3782.
Solana’s presence in Defi could propel a northward price trajectory. It might concentrate on certain collaborations to bridge its assets to Defi. Also, its delegated staking could attract a host of new investors.
As per Coinpedia’s formulated SOL price prediction the price might surge higher to $430.17- $500.03. However, on the other end, if the network delays the implementations in its Mainnet Beta version, the price can flip to lows. So, the token price might entangle down to $100.734.
The advent of the network dates back to 2017. The network was created by Anatoly Yakovenko and co-founder Greg Fitzgerald. Solana was formulated with a vision to empower scalability and transaction speeds.
Solana has come a long way since its test net in 2018. To presently holding significant dominance in utility. SOL price is presently up an astonishing 49930.69% since, since its first known price tag.
For a detailed explanation of Solana, its blockchain and its working, Click here.
Solana initiated its journey in the crypto market on the 10th of April 2020 with a price of $0.79. Later, the price fell to as low as $0.52 by mid-May. By the end of June, the price hit $0.99 and took an upswing to $1.33 by mid-July. SOL took a flight to $3.77 by mid-August, but a slip brought it to $2.82 by August end.
By early September, SOL’s price hit an ATH of $4.84, however, the price took a hit starting from October. The turbulence led the digital asset to close its yearly trade at $1.50.
With a steady recovery in price, SOL opened its trade-in in January at $1.60. A euphoric run led the digital asset to claim $10 by the mid of February. In no longer than April, the price was trading in the range of $40 by the end of April. By May the price surged close to $50 to reach the ATH of $58.30. During the crash on the 19th of May, SOL was a lone ranger with 50% gains.
August turned out to be a game-changer for Solana. Impetus coming in from the NFTs led Solana to smash its ATH of $191.04 on August 31st, 2021. However, a DDoS attack in September brought the price down to $132.13. While SOL ran a sprint to $260.06 on the 6th of November. Recurring DDoS attacks led SOL price to close its annual trade at $178.8.
To check out our price prediction on Cardano, please click here.
A: Solana with its strengths in fundamentals still holds significant prominence. That said, we can expect its glory to shine brighter with resolutions to the shortcomings.
A: The Solana network can process up to 50,000 transactions per second.
A: Solana holds the potential to climb higher on the market cap rankings. The digital asset could make it to the target if it does not fall to negative criticism.
Disclaimer: This piece of article is only for informational purposes. It is not trading or financial advice.
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