Solana (SOL) Price Prediction 2023 - 2030

    Tanya Sharma
    Tanya Sharma
    Published on January 18, 2023 9:34 AM

    Updated on January 19, 2023 12:27 PM

    Solana (SOL) Price Prediction: Solana is a very volatile crypto and facing a lot of price fluctuations after the FTX fiasco. Know Solana's price forecast for 2023-2030
    Solana (SOL) Price Prediction 2023 - 2030
    Source: Unsplash

    Solana is getting through various ups and downs after the FTX collapse. The crypto winter has shredded almost 97% from Solana’s ATH and shrinking more and more day by day as recovery still remains a subject. 

    Solana is not a new cryptocurrency, but it has only recently gained traction and widespread acceptance. Its meteoric rise has piqued the interest of numerous investors, who have discovered the project's great usability and outstanding usefulness. With so many individuals getting involved in the Solana.

    Many of them are left wondering whether the coin is a good long-term investment or if they should sell any coins they have purchased before it falls any further.

    Solana has a brand-new consensus process known as Proof-of-History, allowing the network to be incredibly fast and efficient. Solana accomplishes what Ethereum 2.0 promises, but at a 20-fold faster rate. It has a throughput of 50,000 transactions per second at layer one and can scale up to a million. Furthermore, Solana has virtually no transaction fees.

    The network has approximately 500 nodes, making it far more decentralized than blockchains with fewer validator nodes, such as Ripple or Stellar. The only prerequisite for creating a Solana node is $3,000-$4,000 in hardware, which may appear to be a lot, but it is a low barrier to entry.

    When compared to other cryptocurrencies, it is a barrier. This, combined with its 0.4-second block speed, offers the Solana community the potential to become one of the best-decentralized blockchain platforms in the business.

    Related Read: Solana Daily Active Users Spiked Despite the Market Frenzy

    Solana Price Prediction 2023 - 2030

    Solana Price Prediction for 2023

    According to a technical study of Solana prices projected in 2023, the starting price will be $22.83. The SOL price can rise to a maximum of $27.54. The average trade price is anticipated to be approximately $23.49.

    Potential ROI: 62.7%

    As per Changelly

    Solana Price Prediction for 2024

    Based on recent years' Solana pricing, it is estimated that the minimum price of Solana in 2024 will be around $34.65. The most likely SOL price is around $40.23. In 2024, the average trade price might be $35.82.

    Potential ROI: 137.6%

    As per Changelly

    Solana Price Prediction for 2025

    According to cryptocurrency specialists' technical study of Solana pricing, SOL is anticipated to have the following lowest and maximum prices in 2025: around $52.15 and $60.75, respectively. The average projected cost of trading is $53.59.

    Potential ROI: 258.8%

    As per Changelly

    Solana Price Prediction for 2026

    The values of Solana and their changes over the preceding years have been studied by cryptocurrency experts. It is expected that by 2026, the minimum SOL price will be $75.19, with a maximum of $90.77. The average cost of trading will be roughly $77.87.

    Potential ROI: 436.1%

    As per Changelly

    Solana Price Prediction for 2027

    According to crypto specialists' study of Solana expenses, the following maximum and minimum SOL prices are projected in 2027: $129.58 and $107.84. It will be traded at an average price of $110.96.

    Potential ROI: 665.4%

    As per Changelly

    Solana Price Prediction for 2028

    Crypto professionals are continually analyzing Solana's changes. According to their forecasts, the average SOL price will be around $170.88. It could fall to a low of $166.44, but it could yet rise to $184.45 by 2028.

    Potential ROI: 989.5%

    As per Changelly

    Solana Price Prediction for 2029

    Every year, cryptocurrency analysts anticipate the price of Solana. In 2029, SOL is expected to trade between $246.31 and $281.98. During the year, the average cost is estimated to be roughly $253.14.

    Potential ROI: 1565.6%

    As per Changelly

    Solana Price Prediction for 2030

    Cryptocurrency analysts are set to deliver their Solana price predictions. The maximum SOL price of $428.74 will define the year 2030. However, it is possible that the rate will fall to about $354.16. As a result, the anticipated average trading price is $364.28.

    Potential ROI: 2432.4%

    As per Changelly

    Solana FAQs

    Is Solana a good buy in 2023?

    The current forecast for Solana in 2023 is Neutral, based on numerous technical quantitative indicators. This could indicate that Solana is an excellent investment in 2023. However, before deciding whether or not to buy Solana, it is critical to analyze both technical aspects (price history) and fundamental factors (on-chain activity and development).

    How is Solana correlated to other assets?

    Curve DAO Token (CRV), Filecoin (FIL), Klaytn (KLAY), Maker (MKR), and Kava are the most favorably connected with Solana (SOL) . This suggests that these coins frequently trend in the same direction at the same time. Solana is most negatively connected with Chain (XCN), Fei USD (FEI), UNUS SED LEO (LEO), Frax (FRAX), and Bitcoin SV (BSV), which implies that the price of Solana often goes in the opposite direction as these coins.

    How many transactions can Solana make in a second?

    Solana is one of the fastest blockchains, with an average of 2,000 transactions per second (TPS) and a potential maximum of 710,000 TPS. This is considerably superior to the 15 TPS capabilities of Bitcoin and Ethereum.