Solana is dubbed one of the fastest blockchains globally and has a market cap of $43 billion with over 67 billion transactions. The project boasts an impressive theoretical throughput of 65,000 transactions per second with close to zero fees.
However, despite all of its recent wins, Solana hasn’t escaped its fair share of controversy in the crypto space. The project has left skeptics unsure if its incredible transaction speed is only possible because it forfeits decentralization.
Away from all the controversy, crypto enthusiasts and Solana hodlers will be wondering what’s next for the Solana coin price. Will it get to another all-time high? There are answers to this and more in this Solana price prediction article.
What is Solana?
Solana is a functional open-source blockchain project that supports smart contracts, NFTs, and several decentralized applications (DApps). Anatoly Yakovenko and Greg Fitzgerald created the project in 2017 alongside the native Solana coin ($SOL).
Yakovenko has previous work experience in distributed systems design, working for leading tech company Qualcomm Incorporated (QCOM). His awareness of the reliability of a clock in simplifying network synchronization helped him on the way to creating Solana.
Instead of Ethereum’s proof-of-work model, Solana uses a unique and innovative hybrid consensus model that combines a proof-of-history (PoH) algorithm with a super-fast synchronization engine. This allows Solana to theoretically process more than 710,000 transactions per second (TPS) without needing any scaling solutions.
| NAME | Solana |
| TICKER | $SOL |
| LAUNCH YEAR | 2020 |
| FOUNDERS | Anatoly Yakovenko and Greg Fitzgerald |
| MARKET CAP | $42,640,958,562 |
| CIRCULATING SUPPLY | 428,714,211 SOL |
| TOTAL SUPPLY | 565,886,761 SOL |
| ALL-TIME HIGH | $249.98 |
What is the Solana price prediction for 2024?
According to CoinCodex’s Solana price prediction, the price of Solana will rise by 4.43% and reach $ 109.31 by January 2, 2024. According to our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 73 (Greed). According to Solana forecast, it’s now a good time to buy Solana since it recorded 18/30 (60%) green days over the last 30 days with 22.64% price volatility.
What is the Solana price prediction for 2025?
By 2025, the world will see an expansion in blockchain tech, mass adoption, and market cap growth by almost $2 trillion. Experts believe that such a favorable future will positively impact other major crypto projects, including solana.
As such, we align with some experts to peg our average Solana price prediction for 2025 at a range of $ 216 – $455. The price of Solana could increase by 356% and reach $ 455. While this price might seem a stretch, with $SOL and the volatile crypto market, it may not be far-reaching.
What is the Solana price prediction for 2030?
According to the Winklevoss billionaires, bitcoin’s market cap will hit $9 trillion in 2030, and $BTC will replace gold as a store of value. That’s a hard nut to crack. But if that happens, other top projects will definitely rise, and Solana may eventually hit the $483 benchmark if it missed it in 2025 or the succeeding years.
Is Solana a Good Investment?
While it may be brilliant in terms of TPS and low fees, is Solana a good investment? Solana (SOL) finished 2021 in a strong fashion, becoming one of the top-performing cryptos, but entered 2022 at a slower pace.
Admittedly, the crypto market can be an incredibly volatile space. A drop in bitcoin price could cause other coins to tumble despite any Solana crypto price prediction you depend on.
Know that the decision to invest in crypto projects like the Solana coin is up to you, and you could lose your funds if things go wrong. As always, DYOR (Do Your Own Research) before committing funds to any project.
Where to buy Solana and exchange SOL at the best rates?
Several platforms are available for users to buy Solana or exchange $SOL coins in minutes. However, each of these platforms offers different trading fees. So to exchange $SOL at the best rate, use a DEX aggregator such as Swapzone.io.
Swapzone is a non-custodial platform that allows users to curate the best crypto prices from a list of exchanges that support the token under consideration.
How to buy Solana with Bitcoin? Here is a handy instruction:
- First, open the Swapzone website.
- Now, in the select pair tab, choose Bitcoin (BTC) and enter the amount of BTC you want to exchange.
- In the ‘Get Up To’ section, select Solana (SOL).
- Once you enter all the above information, you should see the exchange rate and multiple offers displayed on the website.
- Here, you can sort the offers based on various parameters like price and transaction time.
- Choose the best offer you can find and click «Exchange».
- Enter the relevant wallet details and click on ‘Proceed to exchange’ to convert Bitcoin to Solana.
- Wait for the deposit to be processed by the exchange service and the exchange to be done.
- Lastly, don’t forget to rate the exchange partner and leave a review, so we can gather more information on the exchanges for future users.
As always, it is nearly impossible to accurately determine the exact prices of speculative assets like Solana in the long term. However, with this price prediction article as your guide, you can glimpse the potential that experts see in $SOL in the coming decades.