Over the last couple of years, Solana has captured the imagination of traders around the world. As crypto rose, Solana seemingly was going to be the answer to the slow movement of Ethereum. It was initially thought of as an “Ethereum killer,” but we have seen the crypto bubble pop since then. Because of this, finding a reliable Solana price prediction might be difficult.
The price of SOL has been hit along with the rest of the crypto markets. Still, it is exciting, considering “The Merge” happened in 2022 for the Ethereum ecosystem, drastically narrowing the gap between the two. Because of this, it will be fascinating to see how this plays out over the next couple of years. We look at the predictions by several experts worldwide in this article.
Everything to Know About SOL price movements in 2021-2022:
One of the biggest drivers of SOL’s price during 2021-2022 has been the crypto bubble bursting. There was a huge run higher initially, not necessarily anything to do with Solana; it was the bubble inflating. By the end of 2021, it had become apparent that easy money coming from the Federal Reserve was going to become a thing of the past, and this is when the proverbial “tide rushes out to see who’s naked” happened, as Warren Buffett would put it.
Another potential driver of any drop in Solana could be the Solana-based NTFS that have lost favor. Quite frankly, that was one of the biggest drivers of Solana at one point in time. Making any Solana price prediction forecast will also have to keep that in mind, as it looks like the NFT market is all but dead.
While Solana was not necessarily any different than any other cryptocurrency during that time, it should be noted that the Solana blockchain has seen a couple of outages during 2021 and then again in October 2022. In other words, Solana is still experiencing a lot of growing pains, and as a result, it has been punished particularly harshly. However, it’s challenging to understand whether or not SOL’s price reflects anything more than a realistic outlook on crypto value in the future.
Solana Price Predictions by Experts
This section will look at what some crypto experts worldwide believe will be Solana’s projected value. Any Solana price forecast will be more likely than not to require much foresight, so they should be considered expert opinions. Still, a Solana price forecast sometimes guarantees where things can go. Any Solana price prediction forecast should be viewed as a guideline, not something you “throw money at.”
The experts at Changelly believe that the speed and efficiency of Solana should continue to drive prices higher. They should see significant growth through 2023, reaching as high as $24.90. Heading into 2024, they see an acceleration, as Solana should go as high as $35.42.
They believe Solana will eventually break above the $100 level, but they see that happening in 2027. All things simplified, they think that the markets will more likely than not continue the upward trajectory after the crypto bubble has popped.
The Economic Forecast Agency
The Economic Forecast Agency believes that Solana also will have a bit of volatility. Still, unlike Changelly, their algorithms suspect Solana has a long way to go before turning around. The high price for 2023 is anticipated to be $9.38 before it drops to $4.50. It may spend most of 2024 recovering, reaching a high cost of $10.50 before finally topping out in December 2026 at $22.68 to close out the year. It is worth noting that in 2027, they see Solana nose-diving again.
As you can see, the projection by TEFA is much more bearish than Changelly. This is the problem right now; the crypto world is so muddied due to the recent scandals, not the least of which would be the collapse of FTX and the charges levied against Sam Bankman-Fried. Another thing to pay close attention to, which might be the point of the TEFA forecast, is that Ethereum has recently completed “The Merge,” which means that Solana has lost much of its competitive edge. By far, the SOL price prediction is most dire through this website.
Coin Price Forecast
The people at Coin Price Forecast have a relatively benign SOL price prediction when they come to the Solana price in the future. They believe that Solana will top out at $25.63 in 2034. This would be a strong return for a blue chip stock, but for cryptocurrency, it shows a complete change in the attitude of the markets.
It may be based on Solana’s potential. After all, when you continue to have outages, that does not suggest much stability. It’s worth noting that CoinPriceForecast is quite a bit more bullish on other markets, so perhaps that significantly influenced their outlook on Solana’s future price.
Cryptonewz has a very bullish outlook for Solana, as it anticipates that the year 2023 will see it reach as high as $67.26. After that, it is a steady and gradual rise to 00 sometime during 2025, followed by another exponential move to get $260 or so during 2030.
It is worth noting that they were one of the more bullish outlets during 2022 and missed the massive selloff. However, there is an argument to be made for Solana’s value increasing significantly as the crypto bubble has deflated. At this point, traders will start to focus on fundamentals and adoption. This is something that Cryptonewz stresses.
Solana Price Technical Analysis and Price Predictions
In this section, technical analysis will be looked at for Solana and price predictions from several experts around the crypto trading world.
The technical analysis for Solana could look better in the short term. It has collapsed from a high of $259 to fall to the $12 region. It is trying to form some basing pattern, along with the rest of the cryptocurrency world. Because of this, you must keep an eye on Ethereum, its largest competitor. If Ethereum starts to take off, there will likely be a bit of a “knock-on effect” on the Solana market.
The $40 level is a significant barrier for Solana, so if he can break above there, we could see a resumption of bullish pressure. However, it looks as if the “crypto winter” continues; therefore, this might be an area of consolidation and accumulation. If that’s the case, fortunes could be made, but obviously, Solana needs good fundamental news to turn things around.
Solana Price Prediction 2023
In the wake of all the fraud discovered in the crypto world, Solana will continue to struggle during most of 2023 as crypto tries to find its footing again. Because of this, these ranges will be somewhat broad, and price movements will be very volatile.
SOL forecast 2023 by months
The following table gives a range of pricing from a handful of experts for Solana in 2023, month by month.
|Month||Minimum Price||Maximum Price||Average Price|
Solana Price Prediction 2024
Remember that any Solana price prediction will be fraught with various variables, and looking out into the future becomes increasingly difficult with time. That being said, 2024 should be a relatively constructive year.
SOL forecast 2024 by months
The following table gives an average of Solana pricing in 2024 by a handful of experts mentioned in this article.
|Month||Minimum Price||Maximum Price||Average Price|
Solana Price Prediction 2025
Solana, and crypto in general, tends to be extraordinarily volatile. As a result, the range per month will continue to be something that has to be adjusted for volatility. It’s worth noting that these ranges can change quite drastically as Solana is such a new technology.
SOL forecast 2025 by months
In this table, we have the average of our expert’s Solana price forecast for 2025.
|Month||Minimum Price||Maximum Price||Average Price|
Long-term Solana Price Forecast 2026-2030
It should be noted that long-term forecasts for such new technology in Solana are challenging. However, there are some experts out there that are willing to give an idea as to where they see the market going. Remember that this is simply educational in the future direction, and doing your due diligence is crucial.
Solana Price Prediction 2026
With Solana supply being unlimited but capped at 10%, this does work against future pricing. However, there has been such a massive selloff that one would assume 2026 should be better than 2022. Most experts agree that Solana will have recovered significantly by then, with most people averaging the price near $45.
Solana Price Prediction 2027
By the time we get to 2027, crypto will have flushed out many of the wannabes. At this point, the question is whether Solana’s growth will continue to be healthy. By the time we get to this year, we will likely understand whether or not crypto itself has gotten rid of the dead weight or will continue to dwindle.
Most experts believe that Solana will be worth much more by the time we get to 2027, but this assumes that Solana rectifies some of its outage issues. The average “guesstimate” for the year appears correct, around the $50 level.
Solana Price Forecast 2028
Solana should continue to rise rapidly in 2028, assuming all of the crypto noise and concerns around the various networks abate. Solana could reach the $70 level in that scenario. Some out there believe we will be closer to $200, but that would be assuming a lot.
Solana Price Prediction 2029
Solana continues to rise during 2029, as this point should substantiate overall crypto adoption in time. The average Solana Price prediction for 2029 revolves around the $82 level, although there are some outliers, as you would expect.
Solana Price Prediction 2030
A short-term Solana Price prediction is going to be challenging enough, but the one thing that most experts agree on is that it will be higher by 2030. However, it’s worth noting that there are experts out there that expect a lot to act like a blue chip stock, meaning that it may double in 10 to 15 years, while there are other experts out there that think it will behave as you did in the past, rising in a parabolic manner.
What news may impact Solana coin (SOL) price in the future?
Any Solana price prediction must remember that the occasional news story will come along to move the market. While it is almost impossible to predict what news will come out, there are a few things you need to keep in mind regarding what can move the market.
The first one will be if there’s any outage. Solana has suffered a couple of outages already, and any Solana price prediction will have to be drastically downgraded if it continues to see these outages. On the other hand, a Solana price prediction needs to be upgraded if adoption starts to pick up, especially by significant corporations.
Conclusion: Is Solana a Good Investment, and How Much Will SOL Be Worth?
The real question is, “Should I invest in Solana?” The reality is that any crypto trade you take will have a certain amount of risk. You must ask yourself, “Is Solana a good investment?” That will come down to whether or not you believe that the network problems have been solved and, of course, what your feelings are on crypto to begin with.
Being an investor means you have to look through the long-term Solana price forecast and determine whether or not you are willing to take the time to realize gains. You also must understand that many variables between now and the future could come into the marketplace and, quite frankly, wipe out your investment. You can just as quickly lose money as gain money on these longer-term holdings.
However, there is a shortcut. By trading the CFD or contract for difference market, you can place a position solely based on price movement. You do not have to worry about taking control of tokens, nor do you have to worry about whether or not you can short the token. One of the significant advantages of the CFD market is that if the price were to continue falling, you could also make profits that way. This is what we offer at PrimeXBT, as well as leverage, which is the ability to trade a more prominent position than you usually would have at your disposal. In other words, unless you plan on using the SOL token, it’s simply a more accessible and efficient way to deploy your trading capital.
Below is a pivot table showing averages of prices going forward. However, if you choose not to “buy and hold,” you will find the CFD market to your liking.
|Year||Minimum Price||Maximum Price||Average Price|
This price prediction is based on the data collected from various sources. This should not be considered an investing parameter; the user should research before investing. PrimeXBT does not necessarily share the same views as industry experts. The information is only educational and should not be seen as investment advice.
How much will Solana be worth in 2025?
Any long-term Solana Price prediction will be difficult, but most experts believe Solana will continue to attract inflows. As far as 2025 is concerned, there have been calls for $124.39, but at the same time, calls for pricing near the $14 level.
What will Solana be worth by 2030?
A short-term Solana Price prediction is difficult, so it is almost impossible to understand where it will be in 2030. The consensus is higher, but the rate of climb varies wildly between experts.
What will Solana be worth in 5 years?
The estimated growth in Solana is tough to determine at the moment, as it has had some significant issues over the last two years. Furthermore, there’s a considerable debate as to whether or not some forms of crypto will survive. Simply put, it isn’t easy to see the future, especially as it is very likely that we are witnessing something you can do to the year 1999 and technology stocks. There is a lot that disappeared.
This will come down to adoption, and most crypto has significant issues. Solana has the misfortune of having a very negative trend in Solana Price movements almost from the beginning. Because of this, it’s doubtful that Solana will reach the highest again in the next five years, but it could very well be higher than it is now.
Is it a good time to buy Solana?
Solana growth will be needed to make this the time to buy it. Traders may have to determine whether or not Solana has a future. It was infinitely faster than Ethereum when it first came out, but Ethereum has closed the gap without significant outages.
This massive selloff could be an excellent buying opportunity if Solana remains viable. Still, it should be considered a longer-term investment, as Solana’s price prediction is challenging.
How high can Solana go?
Solana price prediction is almost impossible at the moment. Still, it is worth noting that it has sold off so drastically that if it remains a viable ecosystem, it’s very likely that it will rise quite drastically. Of course, the problem will be a long-term Solana Price prediction that is almost impossible to make with any confidence in the current environment.
Does Solana have a future?
The answer is “probably.” However, one of the most significant advantages of blockchain is that it can become a self-sustaining ecosystem. If Solana continues to have outage issues, then it’s easy to see how the prices will continue going down. Eventually, these outages could have people going to other solutions.
One of Solana’s biggest problems is that Ethereum has switched to proof of stake and has gotten faster and cheaper. This is a real problem for Solana. While it may have a long-term future, the reality is that it may also be highly specialized.