Can Solana reach $100: By the end of 2022, Solana’s price is expected to be less than $100 even though it earns, 30% per month from now.
Solana’s price is expected to be slightly above $45 by the end of December 2022.
Solana Price Forecast 2022: $49
Solana Price Forecast 2025: $157
Solana Price Prediction 2030: $839
Table of Contents:
Solana price forecast 2022-2030
If Solana earns 30% per month, Solana’s price forecast for the end of 2022 is slightly above $90,
Solana Price Forecast 2030 is $259.39 if Solana earns 30% per year from now.
For 2040 Solana’s price forecast is $3573. To touch this mark, Solana must earn a minimum of 30% per year from now.
Solana Price in USD
The latest price of Solana is $32.53 which is 4.98% higher than 24 hours ago. The market cap is $11.48 billion while the trading volume is $0.75 billion.
- Despite Solana’s price withdrawal, there is an increase in trust in the Solana blockchain network. Recently the developers of Helium have stated that to increase the efficiency of their network they could abandon their blockchain and switch to Solana.
- However, one factor that could completely derail Solana’s rise even if other factors turn in its favor is its blockchain network that has suffered numerous outages in recent months. Solana has become a victim of hacking several times in the last year.
- The co-founder and CEO of Solana Labs, Anatoly Yakovenko in his recent interview spoke of the network’s outrage as a curse for Solana.
- According to the CEO, there are 30 million transactions per day while the peak was 65 million.
Solana can reach $100: why might Solana not be able to compete with Ethereum?
Solana has been considered the “Ethereum Killer”, but the reality remains beyond it. The best bet for Solana’s blockchain was its speed, but beyond that Solana failed to compete with Ethereum.
1. To differentiate itself, each blockchain network has tried to occupy a particular market, Solana has presented itself as one of the largest NFT players. However, it is far behind Ehterum even in the field of NFT. More than 90% of the NFTs were created as ERC-721 tokens on the Ethereum network.
2. Similar to Ethereum, Solana has built its own Layer 1 solution for NFT and is one of the fastest growing ecosystems, but compared to Ethereum, Solana remains a minor player in the NFT world.
3. One of the advantages of Solana over Ethereum was that Soalan’s blockchain was more environmentally friendly. However, with Ethereum Merge, the ETH blockchain will move from a proof-of-work model to an environmentally friendly proof-of-stake ecosystem.
Solana price forecast 2022, 2025, 2030 and 2040
Solana price forecast 2022
At the current market price, if Solana earns 30% per month, Solana Price Forecast 2022 is slightly above $90.
If Solana earns only 5% per month, Solana’s price forecast for the end of 2022 is $38.62.
Solana price forecast 2030
Solana price forecast 2030 is $259.39 if Solana earns 30% per year from now.
Solana 2030 price forecast is $46.95 if Solana earns 5% per year from now.
Solana 2040 price forecast
For 2040 Solana’s price forecast is $3573. To touch this mark, Solana must earn a minimum of 30% per year from now.
Solana price forecast 2040 is $76.48 when Solana earns only 5% per year.
Solana 2040 price forecast is $176.69 if Solana manages to add 10% to its value every year from now.
If Solana earns 20% per year from now, Solana Price Forecast 2040 is $846.
Can Solana Reaches $100: Transaction Statistics
NFT: According to Cryptoslam, NFT sales on the Solana blockchain dropped from $311 million in April 2022 to $32 million in August 2022. Ethereum was also struggling with sales on the Ethereum blockchain after falling $3.3 billion in April to $338 million in August. Immutablex saw a drop in sales from $35 million to $16.6 million.
DeFi: According to DeFiLlama, DeFi TVL on the Solana blockchain remained in the $1.5 billion range from July 13 with a peak on July 31 at $2.15 billion. DeFi TVL Ethereum on the other hand rose from $30 billion to $35 billion with a peak on August 14 at $39.8 billion
Solana can reach $100: Is Solana a good investment?
1. Solana had a dream run in 2021. Solana’s price was below $2 in early 2021. In August 2021, the SOL price for the first time went over $50, but Solana’s dream run began in September.
The price of 1 SOL went over $200 and went on to reach $250. However, there has been some retreat in the price of Solana in the last month of 2021. The SOL price was marginally above $170 by the end of 2021.
2. 2022 was not a year for Solana. Since trading at over $170 in January 2022, Solana is now trading below $50. This year alone Solana has lost more than 70% of its value. Forecasting platforms have also predicted that Solana’s price will remain below $100 by the end of 2022.
3. Now talking about whether Solana is a good investment. Solana has its own blockchain network and is one of the fastest blockchain networks. Solana still remains one of the best investments, but if you are looking for a short-term gain, then SOL may not be a good investment for short-term gains. Therefore, in order for Solana to be a good investment, it is necessary to hold SOL for a longer period.
Solana can reach $100: Will Solana recover?
Some observations from the table below. In 2022,
- Whenever both Cardano and Solana fell, Solana fell more
- Each time Solana and Cardano increased, Solana grew much more.
Solana was the worst performing cryptocurrency compared to the performance of Cardano and Ethereum this year. In the last 2 months, Ethereum has made some progress, but for Solana there has been almost no change in the outlook.
Overall, all three competitors lost big this year. Solana is the ultimate loser as she has lost about 80% of her value since January 2022. Solana was trading at over $170 in the first week of January 2022 and is now trading below $50. The price of Ethereum was well over $3000 in the first week of January and now it is struggling below $2000.
Looking at Solana’s performance and also comparing it with that of Cardano and Ethereum it is highly unlikely that Solana will reach its January 2022 value. One of the main reasons for this is the current condition of the world economy and the increase in inflation. Added to this is the fear that the US Fed will raise the Fed’s rates once again. Therefore, in order for Solana to achieve, all these factors must work in tandem.
The geopolitical environment should be positive and more investors should flock to invest in Solana. Unless that happens, Solana is unlikely to increase this year.
Solana Price Forecast: What is Solana?
Solana is a blockchain platform that supports smart contracts including NFT. It was created as a competitor to the Ethereum blockchain network. Since it is known that most cryptocurrency projects are based on the Ethereum blockchain, the Solana blockchain serves as an alternative to it. One of the popular cryptocurrencies based on the Solana blockchain network is Stepn. Here are some facts about Solana:
- Solana is a public blockchain network with built-in smart contract functionality.
- SOL is the native token of the Solana blockchain network.
- Solana was first proposed by Anatoly Yakovenko in November 2017.
- The first block of Solana was created on March 16, 2020.
- Solana uses a consensus mechanism between proof-of-stake and proof-of-history.
Solana Competition: Ethereum, Cardano.
Solana price forecast: Comparison Between Solana and Cardano on the following aspects:
Solana Price Forecast: How to Buy Solana?
Solana can be purchased in many ways.
(A). Use your currency (dollars, pounds, etc.) to buy Solana on any of the cryptocurrency exchanges – Coinbase, FTX, Binance etc.
(B). Use your existing cryptocurrency wallet and a DEX to exchange your cryptocurrency for another cryptocurrency
If you want to buy from a cryptocurrency exchange, the process is quite simple
1. Create an account with any of Coinbase, Binance, FTX, Crypto.com, Kraken etc. This will require basic documentation that guarantees KYC so that these exchanges are not used for money laundering. Larger exchanges tend to have a higher commission, while smaller ones tend to lower fees, but are considered less secure.
2. Each of these exchanges has various features and transaction fees. So evaluate them carefully.
3. Add a payment method (bank account, debit or credit card, bank transfer) and then fund the account
4. Start trading by selecting the SOL trading symbol and then enter the amount
5. On Binance, you can use the peer to peer method to buy from other users
6. You can store your cryptocurrency in your trading account or in your personal wallet (you need to open another account for this)
