Solana Price Prediction 2023-2032
- Solana Price Prediction 2023 – up to $81.38
- Solana Price Prediction 2026 – up to $275.03
- Solana Price Prediction 2029 – up to $877.38
- Solana Price Prediction 2032 – up to $2748.66
How much is SOL worth?
The live Solana price today is $113.81, with a 24-hour trading volume of $2,003,286,356. We update our SOL to USD price in real time. Solana is up 13.97% in the last 24 hours. The current CoinMarketCap ranking is #7, with a live market cap of $24,005,526,814 USD. It has a circulating supply of 422,990,177 SOL coins and the max. supply is not available.
Solana price analysis: SOL makes a good ascent after a strong leap to $113.81
TL: DR Breakdown
- Solana price analysis shows bullish market sentiment
- SOL price is facing resistance at $117.38
- Key support for SOL prices is seen at $94.94
Solana price analysis for today shows an upward trend in the market. The bulls are in control at the moment, and a bullish run is expected in the coming days. The digital token has maintained an impressive uptrend over the past few days, with the price of SOL rising above $113.81 today. The coin is up by nearly 13.97 percent in the past 24 hours, representing a notable move in the bullish direction.
Solana price analysis 1-day chart: SOL bounces off key support following a bullish upsurge
The 1-day Solana price analysis indicates that the market sentiment is bullish and the bulls have been pushing the prices up. The SOL/USD pair has seen a surge of around 13.97 percent and is currently trading at $113.81, but failed to cross over the resistance levels at $117.38, which would have likely driven it higher in price. The buying pressure is strong, and the bulls have been dominating the market, pushing the prices higher.
SOL/USD 1-day price chart, source: TradingView
The RSI is currently at 75.59, which indicates that the market is in a bullish trend. The MACD is also showing positive signs with a strong uptrend line, and the 50-day SMA line has crossed over the 200-day SMA line. This could indicate further bullishness and the potential for prices to move higher in the near future.
SOL/USD 4-hour price chart: 1-day chart: Bulls succeed in raising the price to $113.81
The 4-hour Solana price analysis also supports the bullish sentiment in the market, as SOL/USD has been trading above the $94.94 support level with a strong trend line and buyers dominating the market. The uptrend has been strong over the past few hours, and if it continues to hold, then prices could continue to increase further.
SOL/USD 4-hour price chart, source: TradingView
The technical indicator analysis is mostly positive for SOL, with a strong uptrend line, bullish sentiment, and buyers dominating the market. The MACD is also positive, with a strong uptrend line and a signal line below the MACD line. The relative strength index (RSI) score is also at an acceptable level of 68.85, indicating that the market is in overbought territory.
What to expect from Solana
Solana price analysis is in the bullish zone, and it is likely that SOL will breach the resistance levels in the coming days. The bulls are in control, and strong buying pressure is seen at the moment, making it a good time to invest in SOL/USD. If the bulls continue their dominance over the market, then SOL could surge further in price and reach new highs. Solana reveals that the coin has been forming higher highs and higher lows, which is a bullish sign. It’s worth noting that the bulls are pushing for an extended upside movement in the near future.
Recent updates for Solana
Solana (SOL) has achieved an impressive milestone, securing the fourth position as the most valuable cryptocurrency in the wake of a stellar year, often hailed as the “Ethereum-killer.” The surge in market capitalization occurred between December 22 and 23, surpassing BNB Chain (BNB). At present, Solana boasts a market capitalization of $44 billion, marking a remarkable ascent in the crypto index.
Solana’s rapid rise is underscored by its 24-hour trading volume of $3.2 billion, dwarfing BNB’s $694.50 million, and a 28% weekly increase, reflecting a growing interest in its ecosystem. It’s noteworthy that Tether (USDT) holds the third position with a market cap of $91.25 billion.
Bitcoin (BTC) remains the dominant force in the cryptocurrency landscape with a substantial market capitalization of $853.79 billion, followed by Ethereum (ETH) at $274.90 billion. Solana’s climb signifies a broader trend in the market, highlighting the dynamic nature of the cryptocurrency space.
Solana’s ascent is not solely fueled by market speculation but is driven by its increasing influence in decentralized finance (DeFi) and Web3 innovation. The platform’s total value locked (TVL) has been instrumental in propelling the growth of DeFi in 2023, now surpassing the GDP of certain countries, with $52 billion invested in these protocols.
The recent success of Solana’s Saga smartphone, with a sold-out status following a 30 million BONK token airdrop for each new phone owner, has contributed to its ecosystem’s momentum. This airdrop, initially valued higher than the phone’s $599 price tag, proved lucrative for users, further fueling the anticipation of SOL’s continued price increase. A prominent cryptocurrency strategist, known for accurately predicting Bitcoin’s bear market bottom, is now forecasting a major surge for SOL in the near future.
Projects like SOL aim to revolutionize user experiences in DeFi and Web3, leveraging technological innovations. Diverging from platforms heavily reliant on second layers, Solana seeks to enhance network capacity independently, resonating with cryptocurrency investors and signaling a new paradigm in the industry.
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 | $71.58 | $79.12 | $81.38 |
| 2024 | $110.69 | $113.86 | $130.42 |
| 2025 | $160.88 | $165.44 | $194.43 |
| 2026 | $243.29 | $249.90 | $275.03 |
| 2027 | $343.61 | $356.10 | $420.37 |
| 2028 | $499.58 | $517.38 | $610.84 |
| 2029 | $731.01 | $751.70 | $877.38 |
| 2030 | $1,127.48 | $1,157.55 | $1,285.40 |
| 2031 | $1,623.77 | $1,681.64 | $1,940.66 |
| 2032 | $2,352.95 | $2,420.22 | $2,748.66 |
Solana Price Prediction 2023
As per the forecast and technical analysis, In 2023 the price of Solana is expected to reach at a minimum price value of $71.58. The SOL price can reach a maximum price value of $81.38 with the average value of $79.12.
Solana Price Prediction 2024
Solana price is forecast to reach a lowest possible level of $110.69 in 2024. As per our findings, the SOL price could reach a maximum possible level of $130.42 with the average forecast price of $113.86.
SOL Price Forecast for 2025
According to the technical analysis of SOL prices expected in 2025, the minimum cost of Solana will be $160.88. The maximum level that the SOL price can reach is $194.43. The average trading price is expected around $165.44.
Solana (SOL) Price Prediction 2026
The price of 1 Solana is expected to reach at a minimum level of $243.29 in 2026. The SOL price can reach a maximum level of $275.03 with an average price of $249.90 throughout 2026.
Solana Price Prediction 2027
The price of Solana is predicted to reach a minimum level of $343.61 in 2027. The Solana price can reach a maximum level of $420.37 with an average price of $356.10 throughout 2027.
Solana Price Prediction 2028
After years of analysis of the Solana price, crypto experts are ready to provide their SOL cost estimation for 2028. It will be traded for at least $499.58, with the possible maximum peaks at $610.84. Therefore, on average, you can expect the SOL price to be around $517.38 in 2028.
Solana (SOL) Price Prediction 2029
Solana price is forecast to reach the lowest possible level of $731.01 in 2029. As per our findings, the SOL price could reach a maximum possible level of $877.38 with the average forecast price of $751.70.
Solana Price Forecast 2030
Based on the analysis of the costs of SOL by crypto experts, the following maximum and minimum SOL prices are expected in 2030: $1285.40 and $1127.48. On average, it will be traded at $1157.55.
Solana (SOL) Price Prediction 2031
Solana price is forecast to reach the lowest possible level of $1623.77 in 2031. As per our findings, the SOL price could reach the maximum possible level of $1940.66 with the average forecast price of $1681.64.
Solana Price Prediction 2032
The price of Solana is predicted to reach at a minimum level of $2,352.95 in 2032. The Solana price can reach a maximum level of $2,748.66 with the average price of $2,420.22 throughout 2032.
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
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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.
