Solana price prediction 2024-2030

Solana had a great year in 2023 with an 890% increase. The question, of course, is whether or not Solana will rise in 2024. Solana has been a well-known player in the crypto world since its launch in 2020. It reached its All-time high of €242 at the end of 2021, dubbed the "Ethereum killer." At first, Solana did not manage to live up to this name, but now it seems to have a chance. What can we expect from Solana in the future? We look at the Solana price prediction from experts.

Table of Content

1. Solana prediction 2024
2. Current Solana price
3. Solana long-term prediction
4. Realistic Solana prediction
5. Solana short-term price prediction
6. Recent developments that have impacted Solana
7. Could Solana become worth 1,000 euros?
8. Solana price history
9. What is Solana?
10. What is SOL?
11. Conclusion
12. Other price predictions

Summary

• Experts from Digital Coin Price predict in their Solana prediction that the stock price will rise to €384,04 in the short term
• They also indicate for the long term that the Solana price could rise to €1.309,80 by 2030
• Solana's technical advantages are attractive to users and investors
• The Solana stock price has recovered well since the bankruptcies of Genesis, FTX and Alameda Research.
• A possible adoption of the Bitcoin Spot ETF and/or Bitcoin halving could potentially create a bull market
• One should never assume a prediction, the Solana price can never be predicted

Solana prediction 2024

By 2024, the growth in popularity of Solana, driven by its efficiency and attractiveness to DeFi developers and investors, may positively develop Solana's stock price. This growing interest and the increasing use of the Solana network as a platform for innovative blockchain applications may further increase confidence in this ecosystem.

In addition, the U.S. Securities and Exchange Commission (SEC) may green-light a Bitcoin Spot ETF in early 2024. This could not only boost confidence in the broader cryptocurrency market, but also attract new capital flows into altcoins such as Solana. The approval of such an ETF could ensure the start of a new bull run.

In addition, the expected Bitcoin halving in 2024 may cause another bull run. This could have a beneficial effect on Solana and other cryptocurrencies, as investors may look for alternative investment opportunities in the crypto world. All in all, these factors combined could significantly affect Solana's share price in 2024 and offer growth potential.

At Anycoin Direct, we do not give financial advice and thus we are not fans of forecasting. Therefore, we are not going to make a Solana prediction ourselves. But we can take a peek at what a few experts in the market have to say about where Solana might go in 2024. Let's look at two such "forecasting agencies," which specialize in predicting prices for things like oil, gold, stocks and cryptocurrencies, to see what they have to say about the Solana price.

Current Solana price

The chart below shows how much Solana is worth.

Solana long-term prediction

DigitalCoinprice predicts a continued rise in the Solana price, with the prediction being between 1.179,14 € and 1.309,80 € by 2030.

Are you planning to HODL Solana for the long term? Then you should see what experts say about the long-term Solana price prediction. Remember, a Solana price prediction is not a guarantee for the future. Below are named the minimum, average, and highest Solana price per year according to DigitalCoinprice.

Solana prediction for 2024

Analysts expect a rise in the Solana price to up to €384,04 . Solana has found its way up, and the prediction is that 2024 is a time to invest in Solana. In short, the Solana prediction is that the price will rise. The expected percentage change from the current price of €174,74 is approximately 119.84% .

Solana prediction for 2025

A year later, in 2025, the SOL rate is expected to be above €449,45 according to the data. DigitalCoinPrice additionally indicates in their Solana prediction that an average of €405,49 per Solana will be reached. This represents an expected increase of approximately 132.00% from the current price.

Solana prediction for 2026

Relative to now, experts expect Solana to rise from now to the end of 2026. The Solana price prediction for 2026 is on average €601,14 . The peak in 2026 is expected to be at €621,03 , marking a change of approximately 244.02% from the current price.

Solana prediction for 2027

For 2027, experts are expecting a rally up to around €795,87 . This suggests a projected percentage increase of approximately 355.58% from the current price.

Solana prediction for 2028

Continuing the estimate based on today's prediction, the Solana price for 2028 could be €795,87 , equating to an approximate increase of 355.58% from the current value.

Solana prediction for 2029

Advancing to 2029, the forecasted Solana price might reach €958,41 , which would represent a growth of approximately 448.28% compared to the present price.

Solana prediction for 2030

For true Solana HODL'ers, we look at the numbers in 2030. According to the provided figures, the Solana prediction is a maximum in 2030 of €1.309,80 , according to experts. This reflects a significant expected increase of approximately 649.43% from today's price. The predictions are based on the numbers used from Digitalcoinprice.com on 3th of April 2024.

Realistic Solana prediction

The cryptomarket moves in a rhythm of bull runs, in which the prices of digital currencies skyrocket thanks to a wave of optimism and hefty investments, alternating with bearmarkets, in which the values of even the top 100 cryptocurrencies can fall by as much as 80-90%.

Analysts and analysis firms like DigitalCoinPrice often predict that the crypto market will continue to grow, based on the idea that everything will only get better. If optimism remains high and investment continues to flow, these predictions could indeed come true. But, the crypto world has its ups and downs, as the Bitcoin halving shows, so we can expect both periods of growth and corrections. These fluctuations can challenge optimistic prediction quite a bit, depending on what stage of the market cycle we are in. Therefore, it is important for investors not only to assume continued growth, but also to be mindful of the potential risks and volatility. This is why we only write prediction for projects that have been around for several years.

At the time of writing, Solana has lost 28 % from its all-time high.

Solana short-term price prediction

Tradingview has developed a tool based on technical analysis that generates a Solana price prediction for the short term. Keep in mind that the tool is not a guarantee for the future, but only an indicator.

Recent developments that have impacted Solana

The restart of the Solana blockchain

A fast network that can handle incredible transactions. That is Solana's vision. Yet they did not succeed in this immediately. In fact, in September 2021, the network suffered from overloading, rendering the system unusable for 16 hours. Validators were unable to validate transactions thanks to the overload. After a restart by node administrators, the network went back online.

The real reason for the overload is not clear. It is suggested that Solana was dealing with a DDoS (Distributed Denial of Service) attack, which caused many transactions to suffer. It is also suggested that the launch of Solchicks (DEX) caused the overload.

Whatever the exact reason, that node administrators are needed to reboot the network raises questions. Is the network even decentralized? That is a sensitive issue among the crypto community. And decentralization is exactly what cryptotechnology stands for. On top of that, all the tokens were created by the owners of Solana, of which only 50% of the available tokens were put into circulation.

Network failures on Solana's blockchain

At least nine times in 2022, Solana's network went down, rendering the network non-functional. The last was on June 1, 2022, when the network was down for four and a half hours. A runtime bug prevented transactions from completing properly, causing the network to malfunction.

An accumulation of problems that hurt the reliability of the platform. Still, analysts who make a Solana prediction based on algorithms see a bright future for Solana.

The FTX crash and the bankruptcy of Alameda Research

The FTX crash and the bankruptcy of Alameda Research had a big impact on the Solana price. After all, they had invested a lot of money together during the 2021 investment round, giving them a large number of SOL. The Solana price fell from €28 to €9 in a few weeks due to a panic sell-off when it was announced that FTX was in trouble . On top of that, previously locked-in SOL were due to be released that period, further depressing the price. The Solana community could breathe a sigh of relief , as it was decided to postpone the release.

Could Solana become worth 1,000 euros?

It is certainly possible for Solana to become worth €1,000 in the future. In the short term, however, this does not seem possible, but Solana has the potential to become 1,000 euros in the coming years. Still, the price remains dependent on several variables, including market developments, technological advances and broader economic factors. According to experts, Solana could be worth 2.570,64 by 2032. Of course, this still takes a very long time and it is recommended not to assume this. There are no guarantees in the crypto market, which is why predicting price movements is very difficult.

Solana price history

Solana's mainnet was launched in March 2020. From then on, SOL coin represented the value of Solana.

Solana price 2020

In 2020, the SOL coin was first valued at €1.12 per SOL coin during its launch. From the launch, Solana briefly faced a sell off from early investors. The Solana price reached its all-time low of €0.47 per SOL on 11 May 2020. This all-time low remains the low point of the Solana price today. For almost 3 months, the Solana price continued to move between €0.65 and €0.47 per SOL coin. At the end of spring on 1 September, Solana reached its all-time high of the year. A price of €4.42 was reached.

Solana price 2021

During the crypto bull run in 2021, Solana really started to gain a foothold and the coin managed to reach the top 10 in CoinMarketCap. This was the year Solana flourished, despite problems on the network. Investors remained confident in the network when the network went down in September. We then saw a short-term decline, but Solana then picked up its momentum again. The coin rose from a price of €26 at the end of July to a new all-time high of €242 per SOL coin on 6 November.

Solana price 2022

By the end of 2021, the bull run was over and the crypto market fell into a downtrend. Solana fell from its all-time high of €242 to €3.9 in two months at the end of January 2022. In 2022, many crypto providers faced liquidity problems. This caused Solana many problems. The much-discussed bankruptcy of Alameda Research and FTX had a major impact on Solana's ecosystem. After all, they were major investors of the platform and together invested a lot of money in Solana. As such, they own a lot of SOL. The news created a domino effect and caused the price of solana to fall sharply in a few weeks. Indeed, the coin fell from €33.5 per SOL to below €9 per SOL. A drop of more than 95% from its all-time high in 2021.

Solana heading 2023

Solana had a fantastic year in 2023, with a total increase of no less than 890% from €9.30 to €92.1 . It has thus extraordinarily recovered from the bankruptcies of Genesis, FTX and Alameda Research in 2022. Solana experienced a lot of developments in 2023. For example, it achieved several milestones. In 2023, it overtook Ripple in terms of market capitalization and now ranks as the No. 5 largest cryptocurrency. In addition, it has also overtaken Ethereum in higher DEX and NFT volumes. Solana also launched several new stablecoins on the network. The entire market benefited at the end of 2023 from positive news about a possible Bitcoin Spot ETF, which resulted in an impressive rise in 140% in the SOL rate within a month.

By the way, the entire Solana price chart can also be seen above.

What is Solana?

Solana is a crypto called the new generation blockchain by its creators. The platform is known for being a very fast network that provides up to 700,000 transactions per second can process. This makes Solana one of the fastest blockchains . Block time is also very fast on the Solana blockchain. Block time is the average time between tracing blocks. The blockchain is capable of tracking within 400 milliseconds tracing the next block. Compared to Ethereum (every 10 seconds) and Bitcoin (every 10 minutes), this is extremely fast. Solana is therefore seen by many as a formidable competitor to Ethereum. In addition, at the time of writing Ethereum's transaction fees are hardly interesting for small transactions due to its high prices. At the time of writing, the transaction costs for executing a DeFi transaction are between €46 and €93 per transaction, and executing an NFT transaction can be as high as €138 per transaction.

How many Solana coins are there?

At the time of writing, there are 562,465,342 SOL tokens, of which 422,396,844 are in circulation. The total number that will ever be released is not known.

What is SOL?

Solana's crypto coin is the SOL coin and represents the value of Solana. This coin has climbed into CoinMarketCap's top 10 since its development in 2020. On 6 November 2021, the coin managed to reach an all-time high of €242 . The coin is used for staking and for paying transaction fees on the Solana blockchain.

Conclusion

Solana is a platform that for many is a good alternative to Bitcoin and Ethereum. The platform is faster and can perform more transactions in a short period of time. Also, the transaction fees are a lot lower. From its launch in 2020, the SOL coin has done more than well, climbing from a price of over €0.05 to an ATH of €242 per SOL. By the beginning of the year 2022, the price has fallen below €93 and analysts have "mixed feelings" about the coin in 2022. In particular, the fact that the network went down several times caused many believers and non-believers. In particular, the non-believers got it right in 2022. Not so much because the network was struggling with problems on the network, but because of external factors that greatly affected the SOL. The market was already bearish and on top of that came the FTX scandal that pushed the price down even further. The past month showed remarkable activity in the crypto market. The entire market benefited from favorable news regarding a possible Bitcoin Spot ETF, leading to an impressive 140% increase in the SOL price within just one month. Before the end of 2023, Digital Coin Price is doing a Solana price prediction of with an average price of €340,40. Whether the SOL price is able to meet the prediction we are going to see in the remaining month.

Other price predictions

• Bitcoin price prediction
• Ethereum price prediction
• Ripple price prediction
• Dogecoin price prediction
• Cardano price prediction
• VeChain price prediction
• Litecoin price prediction
• Ethereum Classic price prediction
• Axie Infinity price prediction
• Arbitrum price prediction
• Uniswap price prediction
• Shiba Inu price prediction
• Binance Coin price prediction
• Enjin Coin price prediction