Solana Price Prediction 2023-2032
- Solana Price Prediction 2023 – up to $22.88
- Solana Price Prediction 2026 – up to $71.99
- Solana Price Prediction 2029 – up to $229.42
- Solana Price Prediction 2032 – up to $735.28
How much is SOL worth?
Today’s Solana price is $24.70 with a 24-hour trading volume of $618,897,839. Solana is up 2.03% in the last 24 hours. The current CoinMarketCap ranking is #9, with a live market cap of $7,273,881,101. It has a circulating supply of 394,890,490 SOL coins and the max. supply is not available.
Solana price analysis: SOL faces a minor pullback after a brief rally toward $24.70.
TL: DR Breakdown
- Solana price analysis appears to be bearish
- Support for SOL/USD is present at $24.58
- The resistance for SOL/USD is present at $25.59
Solana price analysis suggests a bearish trend for today and supports sellers as the price has undergone a considerable decrease since the beginning of today. The SOL/USD pair has seen a minor pullback after briefly rallying towards $24.70. The bulls were in control of the market yesterday, pushing the pair up by over 6%, but have since given up their gains. However, it appears that the market is not ready to break out just yet and that the bears still remain in control.
The current support level for SOL/USD is at $24.58, and a break below this could see the pair fall toward its previous low of $22.60. The SOL/USD pair is currently trading in the red due to selling pressure, which could push the pair further down.
Solana price analysis 1-day chart: SOL is declining as the price approaches $24.70.
Solana price analysis 1-day chart shows that bears are trending downward as the price is moving towards $24.70. The cryptocurrency’s value has been declining since the beginning of today, and there are no signs of a potential reversal anytime soon. Solana’s price indicates that it is continuing to decrease dynamically and is likely to reach the support at $24.58 and then $22.60 in the near future.
The RSI indicator is currently at 57.60, which indicates that there is still some potential for further downside movement in Solana’s price before we can expect a reversal. The MACD indicator is also trending downward, confirming the bearish sentiment in the market. The 20-day EMA is declining and the 50-day EMA is flat, suggesting that the bearish trend might continue in the near term.
SOL/USD 4-hour price chart: Bears are leading the trend.
Looking at the hourly Solana price chart also confirms the downtrend, as the price has been trading below $24.70 for the past 24 hours. The bears appear to have the upper hand, as they are leading the trend and pushing the price lower. The current resistance level is at $25.59, and a break above this could lead to further bullish momentum. The bearish momentum seems to be extending for the remainder of the day, and the price may go further down than the current price level.
The exponential moving average (EMA) is sloping downward, confirming the bearish sentiment in the market. The Relative Strength Index (RSI) is currently at 49.59, which indicates that the market is neither oversold nor overbought. On the hourly chart, the MACD shows some bullish momentum is weakening and more selling pressure is entering the market. This indicates that the price may go lower in the short term.
What to expect from Solana price analysis
Solana’s price analysis appears to be bearish and suggests a further decline in prices in the coming hours of trading. The support levels are at $24.58 and then $22.60, while resistance is present at $25.59. The current outlook for Solana appears to be bearish as it faces downward pressure from bears. The market might experience some volatility in the near term, but overall sentiment remains bearish. The technical analysis shows strong selling pressure and bearish sentiment in the market. Investors should be cautious and keep an eye on price movements to make sure that their investments are safe.
Solana Price Predictions 2023 – 2032
Price Predictions by Cryptopolitan
At the beginning of 2023, there was a recovery in the price of cryptocurrencies, but recent events have shown that bears are now in control of price dynamics, slowing growth. Solana (SOL), which has seen its value fall by 3.16% today, has also been affected by this trend.
Our pricing projection indicates that the maximum price for Solana will be $30.78 by the end of 2023. The coin’s value will rise and hit $213.69, its highest level in five years. Future prospects and potential are bright for Solana. We anticipate that Solana will continue to appreciate in value until 2032 when it will reach $855.78 at its highest price.
| Year | Minimum | Average | Maximum |
| 2023 | $19.50 | $20.33 | $22.88 |
| 2024 | $29.11 | $30.12 | $34.60 |
| 2025 | $41.01 | $42.51 | $49.81 |
| 2026 | $60.07 | $61.77 | $71.99 |
| 2027 | $87.27 | $89.74 | $104.56 |
| 2028 | $131.97 | $135.56 | $152.90 |
| 2029 | $191.53 | $196.95 | $229.42 |
| 2030 | $273.56 | $283.40 | $330.68 |
| 2031 | $425.12 | $436.46 | $472.67 |
| 2032 | $622.94 | $640.40 | $735.28 |
Solana Price Prediction 2023
Based on our Solana coin price prediction for 2023, the token may trade at a maximum of $12.88, while the minimum price may be somewhere around $19.50.
Solana Price Prediction 2024
Our Solana price prediction for 2024 shows that Solana will attain a maximum price value of $34.60. Although the price increases from the previous year, the coin will have to experience a minimum price of $29.11 and an average trading price of $30.12
Solana Price Prediction 2025
By the time we reach 2025, the Solana crypto might have reached the maximum price of $34.60, while the minimum price may be around $41.01, based on our Solana prediction.
Solana Price Prediction 2026
The price of Solana is predicted to reach a minimum value of $60.07 in 2026. The Solana price could reach a maximum value of $71.99 with an average trading price of $61.77 throughout 2026.
Solana Price Prediction 2027
Solana price is forecast to reach the lowest possible level of $87.27 in 2027. As per our findings, the SOL price could reach the maximum possible level of $104.56 with an average forecast price of $87.27.
Solana Price Prediction 2028
Solana price is forecast to reach the lowest possible level of $131.97 in 2028. As per our findings, the SOL price could reach the maximum possible level of $152.90, with an average forecast price of $135.56.
Solana Price Prediction 2029
Based on the past performance and the Solana price prediction for 2029, the token will trade in a range of $191.53 to $229.42, where the former is the potential lowest price and the latter is the potential highest price for the entire year.
Solana Price Prediction 2030
In 2030, Solana’s price is forecast to experience impressive growth as crypto gains recognition across many business sectors. As a result, the price could reach as high as $330.68, averaging around $283.40. Solana could see a minimum price of $273.56.
Solana Price Prediction 2031
The price of Solana is expected to reach a minimum level of $425.12 in 2031. The SOL price can reach a maximum level of $472.67, with an average price of $436.26 throughout 2031.
Solana Price Prediction 2032
Our Solana price prediction continues to reach new highs and expects that in 2032, Solana can achieve a maximum price of $735.28 while the average price for the year will stay around $640.40. If a bear market appears, the minimum price SOL can reach in 2032 is $622.94.
Solana Price Prediction by Coincodex
The value of Solana is expected to increase by 8.58% and reach $22.68 by April 13, 2023, according to Coincodex’s most recent price estimate. Indicating a moderate degree of investor mood, the Fear and Greed Index is currently at 61. The present market prognosis for Solana is bearish (Greed), nevertheless, according to technical indicators from Coincodex. Solana’s price has fluctuated by 6.25% over the last 30 days, with 18 of the 30 days (or 60%) being upbeat (green).
Looking ahead to the future, Coincodex’s Solana forecast suggests that now might not be the best time to purchase Solana, as the indicators point to negative market sentiment. However, it’s important to consider various scenarios. Under the best-case scenario, assuming significant growth similar to that of Facebook, the price projection for Solana in 2026 is estimated to be $982.75. On the other hand, if Solana follows the expansion pattern of the Internet, the projected price for 2026 would be $112.74.
These projections highlight the potential for significant growth in Solana’s value over time, but it’s essential to note that these estimates are speculative and subject to market dynamics and unforeseen factors. As with any investment, thorough research and careful consideration of market conditions are recommended before making any decisions.
Price Prediction by DigitalCoinPrice
According to the latest forecast from DigitalCoinPrice, it is anticipated that the value of Solana cryptocurrency will experience a significant increase of 234.20% by the end of 2025, reaching $74.02. The Fear & Greed Index is currently at a reading of 8.21, indicating a high level of fear among investors. Additional technical indicators also suggest bearish market sentiment. Based on DigitalCoinPrice’s prediction, it is considered risky to sell Solana at this time.
In April, Solana witnessed a substantial price surge of 110.04%, with the cryptocurrency approaching the $42.61 mark. Presently, all indicators are pointing toward a bearish market trend, and the fear & greed index is registering a high level of concern at 8.21. DigitalCoinPrice’s forecast advises against selling Solana at the moment.
As per the technical indicators, it is projected that the 200-day simple moving average (SMA) will decline and the price of Solana will reach approximately $21.67 by the end of December. This trend is expected to continue in December 2023 and 2024, with the short-term 50-day SMA, indicating a price of $21.65. However, it is important to remember that these projections are subject to market fluctuations and unforeseen circumstances.
Price Prediction by Industry Influencers
The future price of Solana is now expected to increase, achieve higher highs in the upcoming years, and possibly reach a high of $23.83 by the end of mid-year 2023, according to YouTube market researcher Cryptonomics. According to Cryptonomics, the SOL currency will rise and reach a high of $29.84 at the end of 2023.
Solana owners might not be able to keep their currencies in the coming few months, according to CryptoZX. The analyst thinks SOL has excellent potential and strong fundamentals despite the massive fight between the bulls and the bears. By December 2023, it is predicted that Solana will have a maximum price of $27.21.
Solana Overview
Solana’s intrigue appears to stem from a perceived quality shift among crypto investors and developers. Is Solana Dead? SOL Resurrects at 114% They only used the opinion that SOL is dead as VC exit liquidity. Is it time to buy?
As a leading Layer-1 network, investors are watching how Solana performs as this network is one of the most vibrant in terms of its non-fungible token volumes, as well as other DeFi-related projects relying on low transaction costs and high speed. Helium’s decision to join the Solana network rather than stick it out indicates blockchains like Solana can cause a stampede.
Nothing in life is perfect. That means no blockchain is perfect. The valid criticisms of Solana are fundamental to how it works. Solana seems faster and functionally the same as ETH. Here is a healthy discussion about the furor that Solana is Dead. Apparently, it is not currently.
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.
Solana blockchain (also commonly referred to as Solana protocol) was introduced to compete with the Ethereum blockchain, which brought the current revolution, especially with its smart contract technology that has to go ahead to enable the inventions of decentralized finance (DeFi), Non-Fungible Tokens (NFTs), decentralized applications (DApps), and all the other concepts like yield farming, liquidity mining, staking, etc., that accompany these inventions.
Today, Solana is fulfilling its purpose as more and more people continue adopting cryptocurrency. Its native token SOL is now priced at about $218, 43203.94%, up from its initial price at launch.
The blockchain revolution assured investors of digital coins that would offer privacy and confidentiality through the sturdy cryptographic algorithm that ensures that even if transactions are recorded in the public blockchain network, the identity of the sender and the receiver is always hidden behind some addresses.
Solana is considered one of the most effective, secure, fast, and censor-resistant blockchains worldwide. It offers an open-source infrastructure making it easy for global adoption.
What blockchain projects are on Solana?
Solana has smart contracts functionality, and a blockchain developer can develop and deploy a decentralized application (DApp) on the blockchain. Several blockchain projects have been launched on Solana, and they have also contributed to Solana’s fortunes. These blockchain projects include:
- Solana Beach — a Solana blockchain explorer.
- UPFI — a stablecoin.
- Phantasia — a fantasy sports platform.
- HydraSwap — a DEX.
- CropperFinance — a yield farming service.
Solana (SOL) Coin Price History
2020
Solana was launched in April 2020 and has gained popularity over the last 18 months. The price of Solana has surged from $0.75 to a high of $214.96 in early September.
2021
Following NFT hype and growing demand in the DeFi community, the price of cryptocurrency Solana or SOL more than tripled during the summer of 2021. Solana (SOL) token became the fastest-growing cryptocurrency and is currently ranked at position five with a live market cap of $66.4 billion. It has overtaken the likes of the once-popular Dogecoin, DAI, DASH, Polkadot, VeChain, Eos, and many others. It is closely behind Binance Coin (BNB) and Tether (USDT).
2022
The collapse of crypto trader FTX in 2022 especially impacted the cryptocurrency, as FTX and its sister firm Alameda Research sold a large amount of the coin in order to avoid bankruptcy.
Solana’s price briefly surged to a four-week high of $38.48 on 6 November 2022 after Google Cloud announced it had become a validator on the blockchain. Google Cloud has been working with @solana to bring Blockchain Node Engine to the Solana chain next year, so it will be easy for anyone to launch a dedicated Solana node in the cloud.
This had all but evaporated by the end of 2022, as a price of 21.99 U.S. dollars for SOL on May 07, 2023, was similar to the price of Solana in early 2021
Recent News/Opinions on Solana
Crypto experts are currently bullish on Solana’s future price and will reach greater highs in the coming years and could possibly reach a high of $3,977 within the next 10 years. A YouTube market analyst Crypto Yard says that what will actually lead to the growth of Solana is Solana’s revolutionary blockchain technology and the maturing crypto space. Crypto Yard analysts say that the SOL coin will reach a high of $206 in 2030 before rising and hitting a high of $224 in 2031.
Popular crypto YouTube influencer Crypto World states that Solana will reach the $24.53 mark by the end of January 2023. He states that the coin will experience a bull run and hit the high of $38.37 by the end of the year.
Solana shared its own plans at its four-day conference, Solana Breakpoint. In a demo in Lisbon, Solana Labs’ co-founders Raj Gokal and Anatoly Yakovenko presented their upcoming “Saga” Web3 smartphone. Applications are now open for the Solana Breakpoint talks.
The phone’s in-built Solflare crypto wallet can sync to decentralized applications, including those that come from Solana’s free-free app store. Its SIM cards are powered by the Helium Network and T-Mobile’s wireless 5G network.
Solana has become a favorite for crypto investors as the cryptocurrency market grows, with its inflows surpassing $50 million last September 2022. The cryptocurrency has found its way into the top ten digital assets list. The token dethroned Cardano and currently ranks number 5 on the market. Most of the analysts present a bullish Solana price prediction.
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More on Solana
What do I have to know about the Solana network?
The main thing about the Solana network is an innovative blockchain system. The main aims of this system are security and decentralization. Sol token has also soared and added significant gains to its bag in this situation.
What is the mission of the Solana project?
Solana Blockchain aims to make the situation convenient for decentralized apps and democratize the global financial setup. It provides a high-speed blockchain system that facilitates speedy transactions and secure communication.
What is Proof-of-History in Solana?
Proof-of-history in Solana is derived from Proof-of-Stake. It is one of the innovative additions to the Solana blockchain that relays more on time-based on the happening of a specific action. Using this protocol, Solana makes it possible to keep a historical record of the transaction.
Where to store SOL
Once you purchase SOL coins, store them in a secure place. Most of the exchanges where you can buy SOL offer in-built crypto exchange wallets. Other wallets that allow storage of SOL coins include the atomic wallet and Ledger hardware wallet.
Conclusion
Solana has proved that blockchains can be environmentally friendly, fast, and cheap. Solana Pay is the future of payments. The blockchain is cutting out the path for future developments in the blockchain space. Solana, with its innovative features, rivals those of Bitcoin and Ethereum. It also has a vast community. These advantages will propel Solana’s market capitalization to the top.
Solana has had a good run since its inception. Its blockchain rivals that of Ethereum and Bitcoin because it is environmentally safe, has low transaction costs, and is relatively very fast. This saw Solana perform very well at the beginning of the year before crypto prices began going down.
The question is whether SOL suffered long-term damage due to the FTX turmoil or only saw a temporary correction. Aside from the FTX fallout, SOL is still vulnerable to the risks associated with all cryptocurrencies, such as broader economic uncertainty and an inconsistent regulatory framework. SOL was hit harder than other digital currencies because of its connection to FTX, but its ecosystem is robust, and its developers continue to innovate.
Indeed, SOL was launched as an innovative cryptocurrency. Its developers have laid out ambitious plans, such as smartphones with built-in, Solana-connected crypto wallets and a fee-free store for decentralized applications. There is also a collaboration with Alphabet, the parent company of Google.
This partnership has resulted in developments such as Google Cloud becoming a validator to assist with processing Solana network transactions and a storage agreement that will increase developer accessibility to Solana data. Overall, even though SOL has experienced some unfavorable headwinds, it will likely continue to appeal to investors learning about cryptocurrency investing in the long run.
Solana Labs was once accused of irregular sales of its initial sales before being publicly available. If the news is anything to go by, it may impact Solana’s development, just like the lawsuit on XRP. Even though we are bullish on Solana, it is advisable to do your research before investing in this cryptocurrency.