Solana (SOL) is a decentralized blockchain platform that hosts hundreds of DApps and DeFi solutions. The project intends to create a scalable, secure and decentralized blockchain, allowing you to experience fast and fast speed with low transaction fees. Unique in the industry, Solana uses a hybrid of proof-of-stake (PoS) and proof-of-history (PoH) consensus models that facilitate the network to process up to 50,000 transactions per second.
This is extremely impressive, considering that Ethereum processes about 30 transactions per second.
In 2021, SOL witnessed a meteoric increase of more than 6,000%, recording an all-time high of $260 in November 2021. However, after a remarkable year, the price of SOL has dropped severely due to technical problems. In the first quarter of 2022, it was priced at just over $150. The price of SOL was very volatile due to back-to-back network outages.
Compared to BTC, Solana has underperformed by more than 10% in the last five days. On the YTD chart, SOL is one of the worst performing cryptocurrencies. Compared to BTC, ETH and ADA, Solana underperformed in the cryptocurrency market by more than 84%.
A brief summary of Solana’s position on the market
- Market Capitalization: $9 billion
- Ranking among all cryptocurrencies: 9th
- Solana’s competitors: Ethereum, Cardano and Polkadot
- Current Performance: Underperformer [compared to Bitcoin and Cardano]
Solana price forecast, next 7 days, 2022, 2025 and 2030, June 14
|Next 7 days||Sell||$29|
|Max Solana Price Prediction 2022||Buys||$45|
|Max Solana Price Prediction 2025||Buys||$82|
|Max Solana Price Prediction 2030||Buys||$790|
Short-term forecasts are negative as all categories of investment are directed downwards due to rising interest rates and rising inflation. However, the long-term future is much brighter for Solana
SOL Solana Price Forecast: Market Capitalization and Volume Data
|Market capitalization ranking||9th||constant|
|Zip code. Current Market||$9 billion||inferior|
|Volume traded||$2 B||inferior|
Solana Prediction: Sentiment on Social Media
|Net feeling ($sol)|
|Last 7 days||+4.7%|
|Last 24 Hours||+2.5%|