Solana has made huge strides this year. The price of the SOL token is growing non-stop, while the digital asset itself has already entered the top ten cryptocurrencies according to CoinMarketCap. Many investment giants, including Spartan Capital, have also turned their gaze towards this blockchain. (Also Read: JPMorgan analyzed the current position of Bitcoin (BTC) and other cryptocurrencies)
The Solana network itself is an open source project. Its purpose is
implementation of high-performance blockchain as well as facilitating the creation of decentralized applications (DApp). The Solana Protocol uses Proof of History (PoH) consensus in conjunction with the core Proof of Stake (PoS) consensus to improve scalability, thus attracting interest in the network from both small traders and institutional investors. SOL is the blockchain’s own token. The Solana network is supported by the Geneva-based Solana Foundation. (Exclusive News: Salvador bought 400 Bitcoin (BTC) and is ready to legalize cryptocurrency)
The crypto community expects the rapid growth of the SOL token
For example, today on Twitter, one of the partners of the aforementioned Spartan Capital said that the SOL token may well reach a price that is three times its current value. (Also Read: Russia is not ready to recognize Bitcoin (BTC) as an official means of payment)
If $90B is the right valuation for $ADA, then $SOL is easily a 3X from here.— SpartanBlack (@SpartanBlack_1) August 31, 2021
This comment came the day after SOL broke through the $ 100 resistance and then broke the $ 110 mark. ( Exclusive: Solana’s cost exceeded $ 192)
It is also worth mentioning that Spartan Capital is a cryptoasset management company that has been in investment research for over 20 years and has experience in managing the capital of well-known companies such as Goldman Sachs and Indus Capital.
However, despite the fact that when talking about this blockchain it is impossible to do without the words “incredible growth” and “amazing success”, many still consider this network to be underrated. With the entire crypto community awaiting an Alonzo hard fork on the Cardano mainnet, which should see the network’s token grow dramatically, few people noticed that SOL could easily climb to the unthinkable $ 350 mark. (Must Read: Ripple left behind, Solana in the fast lane)
At the same time, a user under the nickname Bluntz said on Twitter that his assumptions about the growth of SOL were confirmed, which means that he is almost completely confident in the growth of the token to at least $ 200.
>$200 is programmed.$sol https://t.co/PlimhqYdmG— Bluntz (@SmartContracter) August 31, 2021
Twitter user “KALEO” stated that even though he considers himself one of the most optimistic people in the entire crypto space, even he is amazed at SOL’s recent successes.
I’m one of the most bullish people on here, and $SOL even exceeded my expectations for what it would do on this move.— K A L E O (@CryptoKaleo) August 30, 2021
Absolutely incredible. pic.twitter.com/AI000Yn1bg
Matt Ballensweig, Head of Global Lending and Digital Asset Finance at Genesis, also said that this crypto asset is undervalued, especially when you consider that the current market cap of the SOL token is about 6% of the market cap of ETH.
Solana $SOL market cap = $23B— Matt Ballensweig (@MattBallen4791) August 27, 2021
Ethereum $ETH market cap = $362B
6% relative value…? seems pretty pretty lowww.
In addition, he also noted that the SOL token is now actively used in many capital markets such as SRM, MNGO, RAY and PYTH. Ballensweig said he was already looking forward to further developments.
So much momentum on $SOL right now. Capital markets- $SRM, $MNGO, $RAY, $PYTH and gaming $ATLAS, $POLIS leading the charge. Hard to not be excited AF.— Matt Ballensweig (@MattBallen4791) August 30, 2021
Crypto-analytics startup Santiment has also been hit with the success of the Solana token. In his twitter, he stated that as long as the price of SOL continues to rise to new highs, its social dominance will also grow, since such successes cannot fail to attract attention from traders.
😎 #Solana is making up nearly 10% of #crypto conversations right now as it blasted off to a new #AllTimeHigh of $106.82. As #Bitcoin and most other #altcoins range, volatile & pumping coins like $SOL will continue to intrigue traders looking for action. https://t.co/m0SdRECJHQ pic.twitter.com/LwC26DoyiW— Santiment (@santimentfeed) August 30, 2021
SOL token has grown 77 times in 2021
At the time of this writing, the SOL token is already trading at $ 124.39, thus setting another record.
Below is a chart of the SOL price from TradingView, showing the growth of the token over the last 24 hours.
In addition, TradingView also provided a full year 2021 SOL growth chart.
According to this graph, since the beginning of 2021, the SOL token has grown by 7,700%, although CoinStats claims in its twitter that it has grown by almost a hundred times.
$SOL is up almost 100x this year.— CoinStats – Crypto Portfolio Manager & DeFi Wallet (@coinstats) August 30, 2021
And although this token has not yet been able to overcome the unimaginable 10,000% mark, it is quite possible that SOL will be able to fulfill this goal in the near future.
Solana (SOL) Price Prediction/Forecast for 2021, 2022, 2023, 2024, 2025 and 2030
At Citytelegraph we predict future Solana price predictions/SOL forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Solana. We do our best to collect maximum historical data for the SOL coin which include multiple parameters like past price, Solana marketcap, Solana volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
Solana Price Prediction 2021
According to our deep technical analysis on past price data of SOL, In 2021 the price of Solana is predicted to reach at a minimum level of $119.75. The SOL price can reach a maximum level of $132.31 with the average trading price of $124.21.
Solana Price Prediction 2022
The price of Solana is predicted to reach at a minimum level of $180.84 in 2022. The Solana price can reach a maximum level of $210.24 with the average price of $185.81 throughout 2022.
SOL Price Forecast for 2023-2024
As per the forecast price and technical analysis, In 2023 the price of Solana is predicted to reach at a minimum level of $271.37. The SOL price can reach a maximum level of $309.54 with the average trading price of $280.66.
The price of 1 Solana is expected to reach at a minimum level of $393.74 in 2024. The SOL price can reach a maximum level of $470.32 with the average price of $407.77 throughout 2024.
Solana Price Prediction 2025
Solana price is forecast to reach a lowest possible level of $555.02 in 2025. As per our findings, the SOL price could reach a maximum possible level of $673.84 with the average forecast price of $575.41.
Solana Price Prediction 2026
According to our deep technical analysis on past price data of SOL, In 2026 the price of Solana is forecasted to be at around a minimum value of $854.62. The Solana price value can reach a maximum of $985.10 with the average trading value of $877.64 in USD.
Solana (SOL) Price Prediction 2027
The price of Solana is predicted to reach at a minimum value of $1,252.52 in 2027. The Solana price could reach a maximum value of $1,509.09 with the average trading price of $1,287.62 throughout 2027.
Solana Price Prediction/Forecast 2028
As per the forecast and technical analysis, In 2028 the price of Solana is expected to reach at a minimum price value of $1,806.58. The SOL price can reach a maximum price value of $2,166.13 with the average value of $1,870.96.
Solana (SOL) Price Prediction 2029
The price of Solana is predicted to reach at a minimum value of $2,696.51 in 2029. The Solana price could reach a maximum value of $3,124.99 with the average trading price of $2,771.35 throughout 2029.
Solana Price Prediction 2030
Solana price is forecast to reach a lowest possible level of $3,772.15 in 2030. As per our findings, the SOL price could reach a maximum possible level of $4,586.83 with the average forecast price of $3,910.72.