Solana (SOL) Price Prediction 2025, 2026 – 2034

Author

Eliman Dambell

Author

Eliman Dambell

About Author

Eliman Dambell was a news writer and editor at Bitcoin.com, FXStreet and Investing.com. He commentates on various markets, including Crypto, Stocks and FX.

Author Profile

Share

Copied

Fact Checked by

Medb Kiely-Cuddy

Author

Medb Kiely-Cuddy

Author Profile

Last updated:

March 16, 2025 03:30 EDT

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

After nearly disappearing from the crypto map in the wake of FTX’s collapse in 2022, Solana has roared back to become one of the most important blockchains for Web3. Utilizing a unique proof-of-history layer, Solana manages to validate hundreds of thousands of transactions per second and seems to have finally solved its problem with frequent outages.

As of March 16, 2025 Solana price has is trading at $134.50 which is on the way to it’s all-time high of $295.40. Here is some quick data on the current Solana performance:

In this Solana price prediction, we dive into Solana’s price history and uncover what has happened before, before looking to the protocol and the future to make SOL price predictions for each year between 2025 and 2034.

Solana Price Prediction Overview

• 2017: Solana was first conceptualized and utilizes a unique proof-of-history concept which allows it to increase transaction throughput to up to 700,000 transactions per second.
• 2020: The network was launched, with a first recorded price of $0.9511. Despite its technical claims, Solana has had multiple network outages each year since its inception—however, the price impact of these is negligible.
• 2022: $SOL was declining as a result of multiple outages, bearish market conditions, and the collapse of FTX and Alameda Research, which were closely tied to Solana.
• 2023: After being declared dead by many at the end of 2022, SOL staged a miraculous comebac, rising from under $10 at the start of the year to finish the year at $109.55—a gain of 997%. Solana’s winning streak continued into 2024, with $SOL hitting a price of over $256 in November.
• 2025: Solana hit its all-time high (ATH) of $295.40 on January 19, 2025 amid Trump’s election and inauguration.

Our Solana price prediction expects SOL to hit new ATHs of $124.17 in 2025 on the back of the Bitcoin Halving effect. Solana could also hit an ATH of $531.48 in 2030 and trade at an average price of $342.53 at the end of the decade.

Solana Price Predictions 2025-2034

The table below summarizes our Solana price predictions for each year between now and 2035.

In the sections below we dive deeper into our Solana price prediction for each year remaining in this decade and detail the reasons as to why we’ve come to the conclusion we have for each year.

Solana Price Prediction For 2025

2024 has been a bullish year for the crypto market, with Solana as a primary beneficiary. The spring saw a frenzy in Solana meme coin trading, the approval of Bitcoin ETFs, and the latest Bitcoin Halving event.

More recently, the approval of Ethereum ETFs fueled speculation that a Solana ETF could be on the horizon. A future Solana ETF would be likely to create a major surge in the price of $SOL, although this may not happen in 2025 due to SEC lawsuits and regulatory delays. The evolving political climate and regulatory framework will likely influence the timeline for launching these financial products.

Despite this, we expect the remainder of the year to be bullish for $SOL. Not only has the 4th quarter historically been very bullish for cryptocurrencies, but the market is soaring higher after the US Federal Reserve cut interest rates by 0.50%. Solana jumped more than 10% in response to the announcement, and its technical chart shows strongly bullish momentum.

With all of this taken into account, here is our Solana price prediction for the remainder of 2025:

• 2025 Potential High: $124.17
• 2025 Average Price: $124.17
• 2025 Potential Low: $124.17

Solana Price Prediction For 2026

If the Bitcoin Halving induces highs in 2025, then 2026 is the year when there is expected to be a fallout from that event. This fallout will, however, be cushioned by a globally improving regulatory landscape for cryptocurrencies that are receiving increasing institutional adoption. Solana’s close connections to companies will help it weather the Halving fallout storm better than others.

This will especially be true as Solana has its first year ever without suffering a major outage, as the now diverse network of blockchain clients helps to keep the network operational when one of the clients suffers an outage.

As a result, our Solana price prediction for 2026 is more optimistic than it might be for other coins. We predict:

• 2026 Potential High: $177.25
• 2026 Average Price: $159.56
• 2026 Potential Low: $141.86

Solana Price Prediction For 2027

With the growth of the regulatory framework for cryptocurrencies, 2027 could also be the year that decentralization becomes a major part of the conversation, as the citizens of the world become more confident storing their funds and transacting on the strong decentralized networks, as they lose confidence in the existing system.

Solana, with its centralized validator set and history of a close relationship with authorities, institutions and conglomerates, may not fare well once this discussion starts. However, we don’t believe the token will suffer much and could see continued growth thanks to bullish conditions in the broader crypto market.

We predict the following prices for Solana in 2027:

• 2027 Potential High: $245.11
• 2027 Average Price: $200.27
• 2027 Potential Low: $159.96

Solana Price Prediction For 2028

As we gaze into our crystal ball of cryptocurrency predictions, the future becomes less and less clear the further forward we look. However, we do know that 2028 will be the year of the 5th Bitcoin Halving. Will this still affect other coins or will Bitcoin, as crypto’s alternative to gold, now only grow in size when there is market uncertainty and other coins shrink?

Here we predict that it will still have a pull on the market, though nothing like before. With 2028 being the year of the Halving a small rise is expected as more users look to buy a share of Bitcoin in anticipation of next year’s halving event.

With that said, our Solana prediction for 2028 is:

• 2028 Potential High: $328.10
• 2028 Average Price: $245.44
• 2028 Potential Low: $177.98

Solana Price Prediction For 2029

With the Bitcoin Halving happening last year, and crypto adoption continuing to grow, Bitcoin’s rise in price prompts users to begin buying up other layer 1 and layer 2 tokens in the ecosystem. As per our talk of a move toward decentralization, Solana doesn’t fare as well as its counterparts, but still climbs up to new all-time highs.

Our Solana price prediction for 2029 suggests:

• 2029 Potential High: $424.79
• 2029 Average Price: $293.56
• 2029 Potential Low: $195.38

Solana Price Prediction For 2030

If 2029 is the year that we see new all-time highs from the Bitcoin Halving then 2030 is going to be the year where, as before, the fallout from these highs comes in. However, with cryptocurrencies now wholly mainstream the losses are much lower than for previous Halving events, and this one mainly helps to consolidate prices.

As a result, our Solana price prediction for 2030 features:

• 2030 Potential High: $531.48
• 2030 Average Price: $342.53
• 2030 Potential Low: $211.60

Historical Performance of Solana

The Solana mainnet was launched on March 17th, 2020, and the first price data for Solana on CoinMarketCap comes from April 10th, 2020, where the token was worth $0.9511.

From here it declined, hit its all-time low of $0.5052 on May 11th, and traded between $0.50 and $0.70 until July. In July, SOL started climbing, reaching above $1 for the first time. As interest in the token and network continued to grow SOL continued to climb peaking at a yearly high of $4.4217 at the end of August, before bottoming out at $1.3251 at the end of the year.

2021: The Rise of Solana

The crypto market rallied into 2021 and Solana followed suit, climbing from $1.8456 at the start of the year, to peak at $49.50 at the start of May, just as Bitcoin was touching $60k for the first time. Nevertheless, this was a 2,582% increase and an impressive 11x increase on its high of last year.

SOL then settled into a trading range between $25 and $50 until the middle of August, when it started to climb the charts. It stalled in early September as the first partial outage hit the network, but continued to hit a high of $187.61, before retracing to $132, a decline that included Solana’s first major outage on September 14th, lasting 17 hours.

SOL bounced off this price and almost doubled in value between then a early November, as it hit its all-time high of $260.06 on November 6th—just as the rest of the crypto market was also peaking. From here the price of SOL declined in line with the rest of the crypto market, finishing the year at $178.53.

2022: A Year of Hurt for Solana

Solana declined into 2022 with the rest of the crypto market, fresh off Bitcoin Halving fueled highs. But it also started the year plagued by its own issues. All-in-all Solana suffered six serious outages in January 2022, along with three minor outages, which resulted in a network uptime of 96.43%. All the outages for 2022 are marked on the chart below in blue.

The Solana price then found support around the $80 mark through February and into March. In late March, following the rest of the crypto market in a brief rally, SOL climbed above $132 before returning to continue its descent, Dropping below $40 at the beginning of June and finding support at $30 in the same month.

At the beginning of November, the FTX collapse started with the CEO of Binance, CZ, announcing that the exchange would be liquidating its supply of FTX’s FTT token on November 6th.

Solana, of which FTX and Alameda Research were funders and supporters—and also owned over 10% of the total supply of SOL—suffered immediately from this announcement, and promptly lost over 60% of its value in 4 days. SOL found support at the $13 level and then closed 2022 at just under $10—a 94.4% year-on-year loss.

2023: An Unbelievable Recovery

With crypto pundits claiming that Solana was now dead, the data analysts were quick to point out that on-chain activity was holding strong into the start of 2023. Indeed, by the end of January, Solana had gained an incredible 161%.

$20 became support for SOL in the first half of 2023, and Solana largely traded between this mark and $25 for the first half of the year—also shaking off an almost 19 hours network outage in February with minimal price impact.

However, in June, in lawsuits against Binance and Coinbase, and a subsequent lawsuit in November against Kraken, the SEC labeled SOL as a security. This caused SOL to lose 33% of its value in the following days, sinking to below $15.

From here, however, the token began to climb, briefly reaching above $25 in July before a false report of Bitcoin ETF approval in mid-October spurred the beginning of a market rally. The creation of the BONK meme coin, started a meme mania on Solana, and, combined with the wider market rally, this helped to push SOL up the charts. Over the course of 2023 Solana gained 997%, finishing the year at $109.55.

2024 to Present: The Season of Meme Coins and Political Movements

With SOL now back in the top 10, the coin was more subject to the ebb and flow of the wider market than ever and followed the market through its speculative motions as Bitcoin ETF approval came.

It struggled against the psychological barrier of $100 for a while and, to no consequence, suffered a 5 hour outage on February 6th—it actually gained 24% in the 8 days after this event, climbing above $100 for the first time in 2024.

A frenzy of meme coin trading pushed $SOL to a high of $202 on March 31, and $SOL flirted with the $200 threshold again in May and July.

At the Breakpoint 2024 Conference, held in September 2024 in Singapore, Solana showed great advancements within the network. These announcements included the Firedancer project capable of processing 1 million transactions per second and highlighted increased institutional investments, DeFi partnerships, and cross-chain technology developments. These events showed Solana’s potential leadership in blockchain scalability and global expansion, making its community feel more motivated. By the end of the same month, these factors pushed $SOL’s price to around $156.

Donald Trump’s win in the U.S. Presidential Election in early November 2024 and his promises of a crypto-friendly administration also impacted Solana’s price. The new administration’s promises regarding policies supportive of the digital asset ecosystem made investors highly optimistic. Following this event, $SOL reached $237 by the end of the month and finished the year at $189.26.

In January 2025, Solana’s growth continued, reaching an all-time high of $294 on the eve of Trump’s inauguration. This movement was attributed to the launch of the “Official Trump” ($TRUMP) meme coin on the Solana blockchain. Platforms like Robinhood and eToro further improved Solana’s visibility by listing the $TRUMP coin.

As of March 16, 2025, $SOL is trading at a price of $134.50 and has a market cap of $68.42B.

Current State of Solana

In 2024, Solana regained some momentum with a rise in new token launches, accounting for over 87% of all tokens created across tracked platforms. This was motivated by low transaction fees and high throughput. In 2025, following this trend, the launch of the $TRUMP meme coin and listings on platforms like eToro increased network activity even more.

Also, introducing new projects and partnerships with PayPal and Bitcoin, for example, will help Solana capitalize on new opportunities in the decentralized finance and NFT sectors, creating a favorable environment for sustained growth.

Below we’ve collated some stats to show the current state of Solana and its market position.

• 407 dApps, ranking it #10 (DappRadar)
• $11.173 billion in TVL, ranking it 2nd with 9.1% of all DeFi TVL (DeFiLlama)
• 3,201 active developers, ranking it in 4th (Developer Report)
• $6.17 billion in NFT sales, ranking it #2 (CryptoSlam)
• 65% of available SOL staked (Coinbase)
• Around 11 months since last network outage (Solana Labs)

Market Position and Performance

After its decrease of -29.78% in the last year, Solana sits in 5th place and is getting closer to USDT. The price of SOL is currently $134.50. As can be seen from the chart below, its rise earlier this year mirrored the rise of Bitcoin – showing how linked the two tokens are as we head into a possible bull market in 2025.

What is Solana and What is it Used For?

Solana is an open source, third generation, layer 1 blockchain designed for mass adoption by being energy efficient, fast, and inexpensive to use. It uses a proof-of-stake consensus model, which is topped with a proof-of-history model to increase the speed of transaction validation and offer users sub-second finality.

The Solana network supports an ecosystem of smart contract based dApps, along with tokens and NFTs, and can, theoretically, process over 700,000 transactions per second.

The Solana blockchain was first conceived with the launch of the first version of the Solana whitepaper in 2017, authored by Anatoly Yakavenko. In it, he describes how a reliable clock can significantly simplify the synchronization of a decentralized network, enabling an increase in throughput that is then only limited by the network’s bandwidth.

Solana evolved through various iterations and displayed its transaction processing potential on multiple testnets before hosting an ICO in March 2020, and then launching mainnet in the same month. It is developed by the Solana Labs company and ecosystem growth is overseen by the Solana Foundation.

How Solana Works: Proof-of-Stake and Proof-of-History

Solana was designed as a layer 1 that does not require scaling solutions like the layer 2s relied on by other blockchains—specifically its main competitor Ethereum.

Like Ethereum and many other top layer 1 blockchain projects, Solana uses a proof-of-stake (PoS) consensus model to provide security for the network. Here, validators stake tokens to be eligible to validate blocks, and their stake is slashed if they are found to be a bad actor.

What Solana does differently from others, is to add a proof-of-history (PoH) layer on top of this, implementing a cryptographically repeatable clock into the protocol, which then allows validators to cryptographically timestamp each event (transaction) and, consequently, add verifiable passage of time to the network.

Note that this PoH does not form a part of the consensus mechanism for the chain, it only helps to choose which blocks should be added to the chain and helps to increase the transaction throughput.

For a distributed system like a decentralized blockchain, this addition of verifiable time allows for nodes in the network to independently verify a transaction’s validity without the need to rely on communicating with the other nodes in the network, as it knows that each other node would give the same answer to the transaction as it would.

This implementation of time removes the concept of software performance as a bottleneck and allows transaction throughput to scale proportional to bandwidth—it is in this manner that the figure of 700,000 transactions per second was reached, achievable when using a 1 gigabit connection.

In addition to this cryptographic clock, Solana also uses validator clusters, which can be given specific purposes in the network, to divide up tasks and help to scale the blockchain.

Solana Staking and Transaction Fees

Solana validators must stake tokens to run validator services, with this stake being slashed if they are found to be a bad actor. Users can delegate their stake to a validator to boost that validator’s chance of getting selected to validate blocks. In return, the delegator receives a share of the newly released SOL.

Like on Ethereum, native staking is illiquid, meaning that, once staked, these tokens are locked and cannot be used. To resolve this problem, as on Ethereum, multiple Solana liquid staking protocols now exist to allow users to stake their tokens and earn rewards.

Transaction fees on Solana are incredibly low, costing an average $0.00025 at the time of writing. Transaction fees have a minimum base fee, 0.000005 SOL ($0.0005) that is then increased by a computation fee, which is relative to what the sender wants to do on the network, for example, using a smart contract requires a computation fee but just send SOL will be charged the base fee.

In addition to this users can add a nominal prioritization fee to have their transaction executed faster. Note that transaction fees are deducted regardless of whether a transaction succeeds or not.

Those staking SOL to a validator receive a portion of the number of new SOL tokens generated for that block. The number of tokens received is calculated on the network’s current inflation rate, the number of SOL staked on the network, and their chosen validator’s uptime and fee.

Solana’s Network Shutdowns

As shown in the price history section above, Solana has had multiple major downtime incidents, 6 in total, combined with numerous partial outages that have affected block production or other elements of the network. The most recent outage, in February 2024, was caused by a bug identified back in April 2022.

These have led many to criticize the network for its unreliability and its centralized nature, with these events shining the light more brightly on this aspect of the chain with each occurrence. However, as noted, these seem to have an negligible effect on the price of SOL.

Venture Capital and Developing on Solana

Solana’s popularity persists despite these outages, and this is, in part, due to the fact that it is heavily backed by large venture capital firms. 48% of the network’s tokens were set aside for these investors.

Another reason why Solana potentially persists in its popularity despite these outages is the fact that developers can write smart contracts in the popular Rust, C, and C+ programming languages, allowing for the creation of a range of smart contracts.

Such accessibility makes Solana a draw for developers and a large number of hackathons, with large prizes and pre-seed funding potential help to continually draw developers to the network. The ninth hackathon held by the Solana foundation has prizes of over $1 million.

What is Solana’s Native SOL Used For?

SOL is the native currency of the Solana blockchain and is required for interacting with the network. The SOL coin has multiple use cases:

• Paying network transactions fees
• Staking to run a validator
• Delegating to a validator to earn rewards
• The main token pair in Solana DeFi
• Used to buy Solana NFTs

On-chain governance is a feature that has been proposed for Solana, and as utility for the SOL coin, however, this is yet to be implemented in any meaningful way, and the final say still rests with Solana Labs.

Factors Influencing Solana’s Price

Those wondering “Will Solana go up” must take multiple factors inside and outside the Solana ecosystem into account when looking to answer this question. Here we’ve summarized the major factors affecting the SOL price, and any Solana price prediction that are important to consider when deciding if Solana is a good investment.

Wider Market

Cryptocurrencies are their own asset class and what affects one is likely to affect another. There is also no cryptocurrency that wields a greater influence than Bitcoin, and movements in Bitcoin’s price are likely to define market momentum for a long time to come.

Regulations

SOL is currently labeled as a security by the SEC, and this will affect its ability to attract institutional usage in the USA, and maybe other countries. There is also the regulation of the overall crypto market that needs to be taken into account, with very few countries having a framework for these unique assets to operate in. As these frameworks are implemented prices will react accordingly, with moves and their direction dependent on how favorable these regulations are.

Outages

While the most recent network outages haven’t affected the Solana price their continued occurrence, especially after the implementation of multiple validator clients on the network, could signal that the PoH concept is not viable. It could also deter institutions and businesses from relying on it due to its unreliable nature.

Demand for Decentralization

The Solana blockchain is quite centralized, with a high validator setup cost—stretching into tens of thousands before you’ve even bought the necessary SOL, purportedly 45,000+ SOL. As time moves forward, and blockchains become more mainstream, the public could favor decentralized solutions that are independent of the institutions that have failed them in the past—not a good thing for Solana.

Solana’s Roadmap and Developments

There is no definitive roadmap for Solana, and this makes it difficult for investors to get excited about new developments before they happen. However, as developments are announced and then rolled out we can expect the market to react accordingly.

Solana Price Predictions by Other Experts and Analysts

With Solana’s increasing popularity, as a result of its resurrection in 2023, many analysts have stepped forward and offered their Solana price predictions for others. Here we’ve collated a wide array of these together to provide diversity as you read through our Solana price prediction.

Bottom Line for Solana Price Prediction

Solana faced some serious setbacks in 2022, but its great revival in 2023 and continued success through 2024 have demonstrated its resilience. By this time of writing, the network remains in the top 10 most important currencies, supported by advancements like the Firedancer project and a rise in token launches.

Despite challenges such as periodic network outages, the SEC labeling SOL as a security, and concerns over centralization, users continue to be attracted to Solana’s low fees and fast transactions. Solana’s close connection with big companies means it could fare very well once crypto regulations start taking shape around the globe.

FAQs