Solana Price Prediction 2023-2032: Is SOL a Good Investment? – Cryptopolitan

Solana Price Prediction 2023-2032

• Solana Price Prediction 2023 – up to $31.29
• Solana Price Prediction 2026 – up to $98.99
• Solana Price Prediction 2029 – up to $326.66
• Solana Price Prediction 2032 – up to $974.00

How much is SOL worth?

Today’s Solana price is $21.43 with a 24-hour trading volume of $418,853,560. Solana is down 2.61% in the last 24 hours. The current CoinMarketCap ranking is #10, with a live market cap of $8,462,233,001. It has a circulating supply of 394,890,490 SOL coins and the max. supply is not available.

Solana price analysis: SOL price drops to $21.23 due to negative momentum

TL;DR Breakdown

• Solana’s price analysis shows a bearish market sentiment.
• The resistance for SOL/USD is present at $23.30.
• Support for SOL/USD price is $20.84.

The Solana price shows that the market sentiment is bearish and that the price may continue to fall. The current price of Solana is currently trading at $21.23 level with a decrease of 4.16%, indicating that there may be further downside in the market. The support level for the SOL/USD pair is currently at $20.84 with the resistance level at $23.30. In case of further price declines, the pair has scope to find its next support at $20.01. 

On the upper side, the resistance is present at $23.30, which can halt the bullish move. If the bulls manage to clear this level, then they have a chance to take the price higher. The trading volume for the SOL/USD price is now at $422 million as the digital asset consolidates near the $21.01 and $22.74 levels. The total market capitalization for Solana is now at $8.39 billion, as the cryptocurrency remains in the 10th position on CoinMarketCap’s list.

Solana price analysis 1-day chart: Bearish run brings SOL value down to $21.23

The 1-day Solana price analysis shows the bears have made a successful attempt at making a comeback, as the price has decreased up to $21.23 today. Although the bullish price movement was seen earlier today the bears have been able to push it back down. This suggests that there could be a possible bearish trend emerging in the near future as buyers are not able to maintain any significant bullish pressure.

The technical indicator shows that the market sentiment is bearish, and there may be further downside in the market. The Relative Strength Index (RSI) is currently at 44.16, signaling that the market is in a neutral zone. The MA 50 has also crossed the MA 200, which is a bearish sign. The moving average convergence/divergence histogram supports a bearish crossover as the MACD line (blue) crosses below the signal line (red). This suggests that the downward momentum is likely to continue in the near term. 

SOL/USD 4-hour price chart: Bearish momentum pulls price back to $21.23

The four-hour Solana price analysis confirms the downtrend for today. The price is currently trading at $21.23 and has the potential to go further down in the event of any bearish news. The price went through a steady decline at the start of the trading session, after which the bulls tried to make a comeback but was rejected soon, and the price has been recorded stumbling down again in the last four hours as well.

The moving average convergence divergence (MACD) indicator is still in the bearish zone, and the MACD line is below the signal line, indicating a possible further decrease in price. The relative strength index (RSI) score is 36.77, which indicates strong selling pressure on the coin. The moving average (MA) is currently at $21.75, indicating a bearish trend for the coin, and this may persist in the near term as well.

Solana Price Predictions 2023 – 2032

Price Predictions by Cryptopolitan

At the beginning of 2023, there was a recovery in the price of cryptocurrencies, but recent events have shown that bears are now in control of price dynamics, slowing growth. Solana (SOL), which has seen its value fall by 1.08% today, has also been affected by this trend. 

Our pricing projection indicates that the maximum price for Solana will be $31.29 by the end of 2023. The coin’s value will rise and hit $218.59, its highest level in five years. Future prospects and potential are bright for Solana. We anticipate that Solana will continue to appreciate in value until 2032 when it will reach $974.00 at its highest price.

Solana Price Prediction 2023

Our Solana price prediction for 2023 expects Solana to reach a minimum price of $25.48, an average of $26.41, and it is expected by the end of the year to have reached a maximum price of $31.29.

Solana Price Prediction 2024

Our Solana price prediction for 2024 shows that Solana will rise and potentially attain a maximum price value of $44.28. Although the price increases from the previous year, the coin will have to experience a minimum price of $37.94 and an average trading price of $39.27.

Solana Price Prediction 2025

Our Solana price prediction for 2025 suggests a minimum value of $56.21. The price of the asset could reach a maximum value of $67.14 with an average trading price of $58.17 throughout 2025.

Solana Price Prediction 2026

Our Solana price prediction for 2026, SOL, is expected to attain a maximum price value of $98.99 by the end of the year. The Solana network coin forecast suggests the average price to be $82.9, while the minimum forecast price is $79.99.

Solana Price Prediction 2027

Our Solana price prediction for 2027 anticipates a maximum price of $142.24. The coin is expected to cost $131.43 on average, with a minimum price of $128.12.

Solana Price Prediction 2028

Our Solana price prediction for 2028 is anticipated that the cryptocurrency is expected to reach the highest price of $218.59. The estimated minimum trading price for the SOL coin is $151.67, with a predicted average market value of $157.3.

Solana Price Prediction 2029

Our Solana price prediction for 2029 shows that Solana will attain a maximum price value of $326.66. Although the price increases from the previous year, the coin will have to experience a minimum price of $275.29 and an average trading price of $282.93.

Solana Price Prediction 2030

Our Solana price forecast for 2030 indicates that the price of Solana will reach a maximum of $486.03. Additionally, a minimum price of $407.86 is likely expected, and prices may shortly retrace to reach an average price of $419.17.

Solana Price Prediction 2031

Our Solana Price prediction for 2031 shows that the SOL token prices will increase from their current price. We expect to see the coin reach a minimum price of $563.42 with an average price of $580.18 and hit a high of $695.93.

Solana Price Prediction 2032

Our Solana price prediction for 2032 states that the Solana price range will hit a maximum base price of $974.00. We expect the digital coin to continue its bullish run from the previous year while keeping a minimum and average price of $828.00 and $851.21, respectively.

Solana Price Prediction by Coincodex

By April 13, 2023, the value of Solana is expected to increase by 8.58% and reach $ 22.68, according to Coincodex’s most recent price estimate. The Fear & Greed Index is currently displaying 61, while Coincodex technical indicators indicate that the current attitude is bearish. (Greed). In the past 30 days, Solana has experienced 6.25% price volatility and 18/30 (60%) green days. Coincodex’s Solana forecast indicates that this is a horrible time to purchase Solana.

The SOL price projection for 2026, under the best-case scenario, is $982.75, assuming Facebook growth. The estimated price for 2026, if Solana followed the expansion of the Internet, would be $112.74.

Price Prediction by DigitalCoinPrice

DigitalCoinPrice’s most recent Solana price forecast is that by the end of 2025, the cryptocurrency’s value will have risen by 234.20%, hitting $74.02. The Fear & Greed Index is currently reading 8.21, which indicates high fear, while other technical indicators show that the current attitude is bearish. It’s dangerous to sell Solana right now, according to DigitalCoinPrice Solana’s prediction.

The price of Solana rose by 110.04% at the end of April, when it was close to $42.61. All indications currently point to a bearish zone, and the fear & greed index registers 8.21 extremely high worries. DigitalCoinPrice prediction indicates that now is not the time to sell Solana.

The 200-day SMA will soon decline, and the price will reach $21.67 before the end of December, according to all technical indicators. Solana’s short-term 50-Day SMA displays a $21.65 by December 2023, 2024.

Price Prediction by Industry Influencers

The future price of Solana is now expected to increase, achieve higher highs in the upcoming years, and possibly reach a high of $23.83 by the end of mid-year 2023, according to YouTube market researcher Cryptonomics. According to Cryptonomics, the SOL currency will rise and reach a high of $29.84 at the end of 2023.

Solana owners might not be able to keep their currencies in the coming few months, according to CryptoZX. The analyst thinks SOL has excellent potential and strong fundamentals despite the massive fight between the bulls and the bears. By December 2023, it is predicted that Solana will have a maximum price of $27.21.

Solana Overview

<script>
 window.itb_widget=window.itb_widget||{init:t=>{const e=document.createElement("script");e.async=!0,e.type="text/javascript",e.src="https://app.intotheblock.com/widget.js",e.onload=function(){window.itbWidgetInit(t)},document.getElementsByTagName("head")[0].appendChild(e)}};
 window.itb_widget.init({
 apiKey: "6KjzS5dFxQ8slqqL5bUqf5Al9nwW56DbaGWatOcK",
 language: 'en'
})
 </script>
 <div data-target="itb-widget" data-token-id="SOL" data-type="quick-view"></div>

Solana’s intrigue appears to stem from a perceived quality shift among crypto investors and developers. Is Solana Dead? SOL Resurrects at 114% They only used the opinion that SOL is dead as VC exit liquidity. Is it time to buy?

As a leading Layer-1 network, investors are watching how Solana performs as this network is one of the most vibrant in terms of its non-fungible token volumes, as well as other DeFi-related projects relying on low transaction costs and high speed. Helium’s decision to join the Solana network rather than stick it out indicates blockchains like Solana can cause a stampede. 

Nothing in life is perfect. That means no blockchain is perfect. The valid criticisms of Solana are fundamental to how it works. Solana seems faster and functionally the same as ETH. Here is a healthy discussion about the furor that Solana is Dead. Apparently, it is not currently.

Solana has lost over $50 billion in value since the beginning of 2022, a year marked by outages, overloads, and significant exposure to Sam Bankman-Fried’s FTX exchange.

Solana blockchain (also commonly referred to as Solana protocol) was introduced to compete with the Ethereum blockchain, which brought the current revolution, especially with its smart contract technology that has to go ahead to enable the inventions of decentralized finance (DeFi), Non-Fungible Tokens (NFTs), decentralized applications (DApps), and all the other concepts like yield farming, liquidity mining, staking, etc., that accompany these inventions.

Today, Solana is fulfilling its purpose as more and more people continue adopting cryptocurrency. Its native token SOL is now priced at about $218, 43203.94%, up from its initial price at launch.

The blockchain revolution assured investors of digital coins that would offer privacy and confidentiality through the sturdy cryptographic algorithm that ensures that even if transactions are recorded in the public blockchain network, the identity of the sender and the receiver is always hidden behind some addresses.

Solana is considered one of the most effective, secure, fast, and censor-resistant blockchains worldwide. It offers an open-source infrastructure making it easy for global adoption.

What blockchain projects are on Solana?

Solana has smart contracts functionality, and a blockchain developer can develop and deploy a decentralized application (DApp) on the blockchain. Several blockchain projects have been launched on Solana, and they have also contributed to Solana’s fortunes. These blockchain projects include:

• Solana Beach — a Solana blockchain explorer.
• UPFI — a stablecoin.
• Phantasia — a fantasy sports platform.
• HydraSwap — a DEX.
• CropperFinance — a yield farming service.

Solana (SOL) Coin Price History

2020

Solana was launched in April 2020 and has gained popularity over the last 18 months. The price of Solana has surged from $0.75 to a high of $214.96 in early September.

2021

Following NFT hype and growing demand in the DeFi community, the price of cryptocurrency Solana or SOL more than tripled during the summer of 2021. Solana (SOL) token became the fastest-growing cryptocurrency and is currently ranked at position five with a live market cap of $66.4 billion. It has overtaken the likes of the once-popular Dogecoin, DAI, DASH, Polkadot, VeChain, Eos, and many others. It is closely behind Binance Coin (BNB) and Tether (USDT).

2022

The collapse of crypto trader FTX in 2022 especially impacted the cryptocurrency, as FTX and its sister firm Alameda Research sold a large amount of the coin in order to avoid bankruptcy.

Solana’s price briefly surged to a four-week high of $38.48 on 6 November 2022 after Google Cloud announced it had become a validator on the blockchain. Google Cloud has been working with @solana to bring Blockchain Node Engine to the Solana chain next year, so it will be easy for anyone to launch a dedicated Solana node in the cloud.

This had all but evaporated by the end of 2022, as a price of 21.99 U.S. dollars for SOL on May 07, 2023, was similar to the price of Solana in early 2021

Recent News/Opinions on Solana

Crypto experts are currently bullish on Solana’s future price and will reach greater highs in the coming years and could possibly reach a high of $3,977 within the next 10 years. A YouTube market analyst Crypto Yard says that what will actually lead to the growth of Solana is Solana’s revolutionary blockchain technology and the maturing crypto space. Crypto Yard analysts say that the SOL coin will reach a high of $206 in 2030 before rising and hitting a high of $224 in 2031.

Popular crypto YouTube influencer Crypto World states that Solana will reach the $24.53 mark by the end of January 2023. He states that the coin will experience a bull run and hit the high of $38.37 by the end of the year. 

Solana shared its own plans at its four-day conference, Solana Breakpoint. In a demo in Lisbon, Solana Labs’ co-founders Raj Gokal and Anatoly Yakovenko presented their upcoming “Saga” Web3 smartphone.

The phone’s in-built Solflare crypto wallet can sync to decentralized applications, including those that come from Solana’s free-free app store. Its SIM cards are powered by the Helium Network and T-Mobile’s wireless 5G network.

Solana has become a favorite for crypto investors as the cryptocurrency market grows, with its inflows surpassing $50 million last September 2022. The cryptocurrency has found its way into the top ten digital assets list. The token dethroned Cardano and currently ranks number 5 on the market. Most of the analysts present a bullish Solana price prediction.

Also Read:

• How To Buy Solana?
• Mila Kunis` production company launches a Solana NFT-centered
• Civic Technologies unveils an anti-bots tool on the Solana network

More on Solana

What do I have to know about the Solana network?

The main thing about the Solana network is an innovative blockchain system. The main aims of this system are security and decentralization. Sol token has also soared and added significant gains to its bag in this situation.

What is the mission of the Solana project?

Solana Blockchain aims to make the situation convenient for decentralized apps and democratize the global financial setup. It provides a high-speed blockchain system that facilitates speedy transactions and secure communication.  

What is Proof-of-History in Solana?

Proof-of-history in Solana is derived from Proof-of-Stake. It is one of the innovative additions to the Solana blockchain that relays more on time-based on the happening of a specific action. Using this protocol, Solana makes it possible to keep a historical record of the transaction. 

Where to store SOL

Once you purchase SOL coins, store them in a secure place. Most of the exchanges where you can buy SOL offer in-built crypto exchange wallets. Other wallets that allow storage of SOL coins include the atomic wallet and Ledger hardware wallet.

Conclusion

Solana has proved that blockchains can be environmentally friendly, fast, and cheap. Solana Pay is the future of payments. The blockchain is cutting out the path for future developments in the blockchain space. Solana, with its innovative features, rivals those of Bitcoin and Ethereum. It also has a vast community. These advantages will propel Solana’s market capitalization to the top.

Solana has had a good run since its inception. Its blockchain rivals that of Ethereum and Bitcoin because it is environmentally safe, has low transaction costs, and is relatively very fast. This saw Solana perform very well at the beginning of the year before crypto prices began going down.

The question is whether SOL suffered long-term damage due to the FTX turmoil or only saw a temporary correction. Aside from the FTX fallout, SOL is still vulnerable to the risks associated with all cryptocurrencies, such as broader economic uncertainty and an inconsistent regulatory framework. SOL was hit harder than other digital currencies because of its connection to FTX, but its ecosystem is robust, and its developers continue to innovate.

Indeed, SOL was launched as an innovative cryptocurrency. Its developers have laid out ambitious plans, such as smartphones with built-in, Solana-connected crypto wallets and a fee-free store for decentralized applications. There is also a collaboration with Alphabet, the parent company of Google.

This partnership has resulted in developments such as Google Cloud becoming a validator to assist with processing Solana network transactions and a storage agreement that will increase developer accessibility to Solana data. Overall, even though SOL has experienced some unfavorable headwinds, it will likely continue to appeal to investors learning about cryptocurrency investing in the long run.

Solana Labs was once accused of irregular sales of its initial sales before being publicly available. If the news is anything to go by, it may impact Solana’s development, just like the lawsuit on XRP. Even though we are bullish on Solana, it is advisable to do your research before investing in this cryptocurrency.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.