Solana (SOL) Price Prediction 2024, 2025, 2026 – 2034
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 November 3, 2024 Solana price has is trading at $163.99 which is on the way to it’s all-time high of $259.52. Here is some quick data on the current Solana performance:
Coin Name | Solana (SOL) |
Solana Price | $163.99 |
Solana ATH | $259.52 (November 6, 2021) |
Solana Price Change 24h | ▼ -1.36% |
Solana Price Change 7d | ▼ -5.50% |
Solana Market Cap | $76.84B |
Circulating Supply | 468.59M |
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 2024 and 2034.
Solana Price Prediction Overview
- Solana was first conceptualized in 2017 and utilizes a unique proof-of-history concept which allows it to increase transaction throughput to up to 700,000 transactions per second.
- The network was launched in 2020, 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.
- Solana hit its all-time high (ATH) of $259.52 on November 6, 2021 amid a market-wide bull run. However, $SOL spent 2022 declining as a result of multiple outages, bearish market conditions, and the collapse of FTX and Alameda Research, which were closely tied to Solana.
- After being declared dead by many at the end of 2022, SOL staged a miraculous comeback in 2023, 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 $195.99 in March.
- Our Solana price prediction expects SOL to hit new ATHs of $234.09 in 2025 on the back of the Bitcoin Halving effect.
- Solana could hit an ATH of $847.94 in 2030 and trade at an average price of $514.67 at the end of the decade.
The table below summarizes our Solana price predictions for each year between now and 2034.
Buy, Store, and Trade Crypto With Best Wallet
Looking to trade crypto hassle-free? Best Wallet offers the most efficient way to manage your crypto with low fees, real-time market insights, and multi-chain support.
As a non-custodial wallet, you keep full control of your assets while trading securely within the app. Follow the link below to begin trading with Best Wallet.
Solana Price Predictions 2024-2034
Year | Potential Low (ROI) | Average Price (ROI) | Potential High (ROI) |
---|---|---|---|
2025 | $187.36 (14.25%) | $210.72 (28.50%) | $234.09 (42.75%) |
2026 | $211.25 (28.82%) | $264.50 (61.29%) | $323.72 (97.40%) |
2027 | $235.05 (43.33%) | $324.15 (97.67%) | $433.32 (164.24%) |
2028 | $258.04 (57.35%) | $387.70 (136.42%) | $561.01 (242.10%) |
2029 | $279.46 (70.41%) | $452.37 (175.85%) | $701.91 (328.02%) |
2030 | $298.53 (82.04%) | $514.67 (213.84%) | $847.94 (417.08%) |
2031 | $314.52 (91.79%) | $570.67 (248.00%) | $988.16 (502.58%) |
2032 | $326.76 (99.26%) | $616.41 (275.89%) | $1,109.79 (576.75%) |
2033 | $334.71 (104.10%) | $648.26 (295.31%) | $1,199.99 (631.75%) |
2034 | $337.98 (106.10%) | $663.42 (304.56%) | $1,247.88 (660.96%) |
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 2024
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. Ethereum’s Dencun upgrade didn’t have a major impact on either Ethereum or Solana, despite lowering fees on Ethereum and its Layer-2 networks, which was good news for $SOL.
More recently, the approval of Ethereum ETFs fueled speculation that a Solana ETF could be on the horizon. $SOL and $BNB have been vying for 3rd place in the crypto race, and it’s possible that a major crypto investment firm will make a legal case for why they should trade as ETFs. A future Solana ETF would be likely to create a major surge in the price of $SOL, although this certainly won’t happen sooner than 2025.
The Solana ecosystem has also benefited from internal improvements in 2024, many of which are ongoing. For example, more token extensions have been introduced to the network, increasing the utility of tokens on the network. In addition, a variety of validator clients are under development to prevent future Solana network outages.
All of these positive trends are balanced against the dark cloud hanging over Solana and many other top altcoins: the potential of being categorized as securities by the SEC. Solana has already been classified as a security in 3 lawsuits the SEC has brought against top crypto exchanges. This has likely deterred investment this year, especially by TradFi firms and companies, and could continue to drag on the price of $SOL into 2025.
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 2024:
- 2024 Potential High: $163.99
- 2024 Average Price: $163.99
- 2024 Potential Low: $163.99
Solana Price Prediction For 2025
If 2024 is the year of the Bitcoin Halving then, if we continue to follow historical patterns, 2025 is the year many predict that Bitcoin will hit new ATHs, pulling the rest of the market up with it. Analysts have predicted that $BTC could rocket as high as $200,000, which would have a massive effect on the price of $SOL and other major altcoins.
2025 is also the year when, on the back of a 2024 that thrust cryptocurrencies into the mainstream, we expect to get some regulatory clarity for cryptocurrencies in some of the world’s biggest economies—a hugely positive move. The US Congress appears poised to pass crypto legislation after the November election, and a new presidential administration could be much more friendly to crypto.
As a result, our Solana price prediction for 2025 is as such:
- 2025 Potential High: $234.09
- 2025 Average Price: $210.72
- 2025 Potential Low: $187.36
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: $323.72
- 2026 Average Price: $264.50
- 2026 Potential Low: $211.25
Solana Price Prediction For 2027
As the global economy continues to strengthen after its post-pandemic recession scares, the adoption of cryptocurrencies and blockchain networks for a variety of use cases continues to grow, and regulatory frameworks around the globe continue to improve for cryptocurrencies.
With the growth of the regulatory framework for cryptocurrencies, 2027 could also be the year that decentralization becomes a major part of the cryptocurrency 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: $433.32
- 2027 Average Price: $324.15
- 2027 Potential Low: $235.05
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: $561.01
- 2028 Average Price: $387.70
- 2028 Potential Low: $258.04
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: $701.91
- 2029 Average Price: $452.37
- 2029 Potential Low: $279.46
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: $847.94
- 2030 Average Price: $514.67
- 2030 Potential Low: $298.53
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.
From here the token declined, finding tentative support at $2.50 on the way down, 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.
While the price remained steady through the first week of outages, it quickly declined once the network was properly back up and running, and by the end of the month, it had lost 44% of its value and dipped back below $100 to be priced at $99.50.
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.
SOL traded between $30 and $45 for the summer of 2022, moving to a tighter range between $30 and $35 in September.
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 to Present: 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—now the third best meme coin in the whole market—started a meme mania on Solana, and, combined with the wider market rally, this helped to push SOL up the charts, blasting back into the CoinMarketCap top 10 in spectacular fashion. SOL posted gains of 88% in December to find a yearly high of $126.36.
Over the course of 2023 Solana gained 997%, finishing the year at $109.55.
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. Solana has rarely fallen below $125 since March, demonstrating that the network is now quite strong and that traders are likely to step in and buy up $SOL rather than let it decline to 2023 prices.
As of November 3, 2024, $SOL is trading at a price of $163.99 and has a market cap of $76.84B.
Current State of Solana
Despite a spectacular fall from grace in 2023, and continuing problems with network outages, Solana has roared back into life; a life it seemingly never lost, as a growing active wallet count and new token accounts can attest to.
Since October last year, Solana has also seen a surge in the creation of new tokens, with many new meme coins springing up in the meme mania that followed the Bonk mania of late 2023. There have also been a large number of new NFTs created on the network.
Below we’ve collated some stats to show the current state of Solana and its market position.
- 334 dApps, ranking it #11 (DappRadar)
- $5.14 billion in TVL, ranking it 3rd with 6.02% of all DeFi TVL (DeFiLlama)
- 7,661 active developers, ranking it in 7th (Developer Report)
- $2.85 billion in NFT sales, ranking it #2 (CryptoSlam)
- 66% of available SOL staked (Coinbase)
- 7 months since last network outage (Solana Labs)
Market Position and Performance
After its meteoric gain of 414% in Q4 of 2023 put it back in the top 10, Solana sits in 4th place and is closing in on BNB. The price of SOL is currently $163.99. 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.
Together with some former colleagues from Qualcomm—a company that focuses on telecom equipment and semiconductors where Anatoly was an executive—development began on the project, which was initially launched as Loom before changing its name to Solana (after the town Solana Beach, where several of them lived while working at Qualcomm).
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.
Solana and the Blockchain Trilemma
The blockchain trilemma was first talked about by Vitalik Buterin, and states that a public blockchain has three core features: security, scalability, and decentralization. But in order to increase two of them the other must be sacrificed.
Solana, in its goal of increasing throughput to improve the user experience, has sacrificed decentralization, by requiring high-level computing resources to run a validator—some estimates put it at $20,000 worth of equipment, before you even get to buying the SOL needed for staking.
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 0.000033234 SOL ($0.004) 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, e.g., 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.
50% of a Solana transaction fee is automatically burned, with the rest going to the validator who confirmed the transaction.
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 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—which is widely condemned by decentralized blockchain purists. 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. Users can also use a Solang compiler to create Solana smart contracts from Solidity, the world’s most popular smart contracting language.
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.
Jake Gagain’s Solana Prediction
On X (Twitter) the cryptocurrency content creator and investor Jake Gagain predicts that Solana will hit highs of $750 in the next bull run.
Tyler Hill’s Solana Prediction
As a guest on the My Financial Friend YouTube channel, Tyler Hill, from Tyler Hill Investing predicts that Solana will hit $669 in this bull run but states that $2,230 is technically not off the cards as it is the top of a Fibonacci retracement.
The Wolf of Crypto Street’s Solana Prediction
On the X social media platform, the Wolf of Crypto Street predicts that Solana will hit a high of $500 in 2025.
VanEck’s Solana Prediction
The VanEck investment management firm provided a report on the future of digital assets based on a base, bull, and bear scenario. This report predicts lows of $9.81 by 2030 in the most bearish scenario, and highs of $3,211 by 2030 in the most bullish scenario.
How to Buy Solana?
As one of the top coins in the crypto markets, Solana is available on almost every cryptocurrency exchange—despite being called a security by the SEC last year, exchanges around the globe are unperturbed and continue to offer it to users.
While it is available on so many platforms, we recommend the Best Wallet exchange as the place to buy SOL.
Why You Should Consider Using the Best Wallet Exchange for Buying SOL
Best Wallet provides non-custodial SOL storage through a mobile app, meaning private keys are stored on the user’s device, ensuring only the wallet owner has access. Even if Best Wallet were to shut down, the stored cryptocurrencies remain secure.
The wallet offers strong yet user-friendly security features, including two-factor authentication (2FA), biometric access, and third-party insurance from Fireblocks. It supports a wide range of over 60 blockchains, making it ideal for portfolio diversification. Besides Solana, supported assets include Bitcoin, XRP, Litecoin, Ethereum, and BNB Chain.
There are no fees for storing or receiving cryptocurrencies, with only network fees applied for transfers. Best Wallet also includes a decentralized exchange (DEX), enabling users to swap cryptocurrencies without relying on a traditional trading platform.
How to Buy Solana ($SOL) on Best Wallet
- Open your free Best Wallet account
- Visit the Trade page on Best Wallet and select ‘Buy’
- Search for SOL, and choose your preferred trading pair
- Select the payment method of your choice: debit/credit card, bank transfer, or an eWallet.
- Enter the amount you wish to buy in the module at the top of the page, and hit “Buy ETH”
Bottom Line for Solana Price Prediction
Solana may have fallen from grace in 2022, but in 2023 it completed an almost magical revival and seems to have come back stronger than before, with on-chain metrics showing that the network continues to grow in popularity.
This is all in the face of regular network outages, the SEC calling SOL a security, and the network’s widely known high level of centralization. But it seems like users don’t seem to care, they just want the cheap and fast transactions that Solana offers them, and Solana’s close connection with big companies means that it could fare very well once crypto regulations start to take shape around the globe.
FAQs
Will Solana Recover?
Solana has fully recovered after a dismal 2022, gaining almost 1,000% in value in 2023 and another 45% in 2024. Many experts expect the Solana renaissance to continue through 2025.
Is Solana a Good Long-Term Investment?
High levels of usage along with favorable metrics—cheap transactions with an extremely high throughput—have many experts saying that Solana is a great long-term investment. However, more pragmatic investors point toward its regular outages, securities label, and high level of centralization as things to also be cautious of.
Risks and Considerations in Solana Investment
regular network outages, along with high market volatility, and a security label from the SEC are all risks that investors need to consider when investing in Solana. Another point that many blockchain purists point to as an issue is the network’s high level of centralization.
Will Solana Be The Next Bitcoin?
While it is high performing and has come a long way since the lows of 2022, very few experts expect Solana to follow in the path of Bitcoin.
References
- Global Live Cryptocurrency Charts & Market Data – CoinMarketCap.com
- What Solana Devs Can Look Forward to in 2024 – Solana.com
- SEC Approves Ether ETFs (Fintech Magazine)
- The Federal Reserve just cut interest rates by 50 basis points—here’s what will get cheaper (CNBC)
- Bitcoin will reach $200,000 in 2025, report says (TheStreet)
- Lawmakers say crypto legislation could come by year-end (Axios)
- Solana Promises ‘Detailed Post-Mortem’ After 17-Hour Outage – Bloomberg.com
- Solana Uptime – Solana.com
- 8 Days in November: What Led to FTX’s Sudden Collapse – CoinDesk.com
- CZ vs. SBF tweet exchange is no ‘fight,’ Binance CEO claims – Yahoo.com
- Solana Ecosystem Facts Related To FTX Bankruptcy – Solana.com
- Messari Status – Twitter.com
- US SEC crackdown on Coinbase, Binance puts crypto exchanges on notice – Reuter.com
- SEC Identifies 16 Crypto Tokens as Securities in Kraken Lawsuit – Bitcoin.com
- Bitcoin Jumps to $30K, Then Dumps, as False Spot ETF Approval Report Circulates – CoinDesk.com
- Out of 11 New Bitcoin ETFs, Which Looks Best Fit for Investors? – Yahoo.com
- Solana Back Up Following Major 5-Hour Outage – CoinDesk.com
- Solana Analytics – SolScan.io
- Top Blockchains – DappRadar.com
- Total Value Locked All Chains – DeFiLlama.com
- Explore Developer Data – DeveloperReport.com
- Blockchains by NFT Sales Volume – CryptoSlam.io
- Solana SOL – Coinbase.com
- Solana Whitepaper – Solana.com
- Liquid Staking TVL Rankings – DeFiLlama.com
- Solana outage caused by a previously identified bug, devs say – Blockworks.co
- Solana, the Venture Capitalist Scam – Medium.com
- Getting started with Solang – Solana.com
- The Solana Foundation Kicks Off Ninth Hackathon, Renaissance – Yahoo.com
About Cryptonews
Our goal is to offer a comprehensive and objective perspective on the cryptocurrency market, enabling our readers to make informed decisions in this ever-changing landscape.
Our editorial team of more than 70 crypto professionals works to maintain the highest standards of journalism and ethics. We follow strict editorial guidelines to ensure the integrity and credibility of our content.
Whether you’re looking for breaking news, expert opinions, or market insights, Cryptonews has been your go-to destination for everything cryptocurrency since 2017.