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Solana Price Prediction 2022-2025 | Is SOL a good investment?

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Today, we are going to jam up with you about the Solana Price Prediction 2022,2025 and beyond. We will talk about in general on what is Solana to how this coins is helping the DeFi world revolutionizing. Later on, we shall share our own as well as market opinions on the price predictions of Solana (SOL). So, without wasting any further time, let’s dive into the crux of this blog and see where it can lead us.

What is Solana?

Solana (SOL) is an Open Technology blockchain and cryptocurrency with greater scalability. The network incorporates different new and groundbreaking solutions to ensure customers unmatched transaction rates and company safety. Consequently, since its launch in 2017, the network has seen significant expansion.

History of Solana

Solana’s history starts in 2017. At that time the project was created by Anatoly Yakovenko. He soon joined in his efforts to develop a blockchain that is infinitely scalable with Greg Fitzgerald and Eric Williams.

In particular, Yakovenko made use of his previous experience as a Dropbox engineer to assist Solana to accomplish the important objectives. Solana is now considered to be an evolutionary blockchain of 4th century.

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Shortly after its launch, Solana collaborated with another upcoming blockchain Serum protocol to build a DEX. Serum used the sophisticated Solana method designed to establish a non-custodial location and trade of derivatives. Because of its latest functionality DEX was pleased by the crypto community. In particular, Serum has developed a Central Limit Order Book (CLOB) in Chain that updates every 400 milliseconds to ensure that traders have the most correct price.

Solana (SOL) market Cap and Supply Details

SOL has corrected down to the bottom, before again rapidly growing by the end of December 2020 after it reached its all-time highs. The price of SOL was $44.46 at the time of writing, a decrease of 3.36% percent in last 24-hours.

The down in price is resulting to make a huge change in supple and market cap of SOL. The estimated supply in circulation is 270,001,839 SOL, which will make Solana the fourth-most worth of cryptocurrencies, with a market cap of $11,933,094,363. It’s a rough patch of journey for the coin, but as soon as the price of bitcoin hikes, there is an upsurge expected for Solana and all other cryptocurrencies.

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Solana Price Prediction

Solana Price Prediction for 2021

In the context of the Solana’s soprano, we have been able to add a highly bullish feeling from the available algorithmic models.

In view of the fact that decentralized financial networks were only swelled to a locked price of $22 billion at January 2021, Solana is a strong alternative to Ethereum for high-growth apps and platforms. Therefore, we might see the all-time maximum SOL burst in the middle of 2021. If we would be very open to you, we are expecting $200 average price of solana by the end of 2021.

Solana (SOL) Price Prediction for 2023

At present the greatest obstacle against Solana is that well-established blockchains like Ethereum or EOS are upgrading their network in order to overcome the crisis of scalability problems, including long transaction times and high charges.

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However, the numerous advancements of Solana could also make it stronger against its competitors, including widely awaited improvements that allow improved cross-chain compatibility between Solana and other SOL tokens. With the help of this upgrade, a turnover in prices is also expected. By 2023, the price of 1Solana token will be around $350 to $400.

Solana Price Prediction for 2025

It is impossible to predict how far the financial landscape would improve in four long years, but we will greatly bet that the importance of decentralization will make significant progress through decentralized financing (DeFi) and increased use of mobile applications in most of our everyday life (DAPPs).

The strong scalability of Solana makes it a stable platform future-proof alternative. SOL is an extremely attractive investment chance as the native currency of this blockchain makes it resilient and efficient.

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Moreover, the price prediction for this long term period would be a huge task to perform. Well, it is expected that the price of Solana might reach $800 mark by 2025. We know that this is very hard to believe case, but the way the coin is reaching to heights, we are waiting for the prices to move around a little bit.

Solana Technical Analysis

On 10 April 2020 Solana began its crypto trading journey with $0.79 as per Coinmarketcap. The price then began to increase and by mid-May fell to $0.52. At the end of June, the price began to rebound and hit $0.99. It is interesting to note that the price rose to 1.33 dollars by mid-July. At the end of July, the digital currency increased to $1.84. Going up, the coin struck 3.77 dollars by the middle of August and fell to 2.82 dollars later that year.

Indeed, at the beginning of September SOL increased its price record to $4.84 in order to hit an all-time high. Shockingly, in a couple of days, the price fell to $2.40, which indicated it was Time-High and began to rise. Solana reached $3.80 in stability and struggled to stay stable, but it dropped to $2.56 again. SOL traded at $2.96 at the end of September.

Solana succeeded in reaching the $2 range during October with several variations. At the beginning of November the price fell desperately to $1.35 due to huge user spending and strong selling pressure. The price began to rebound later in November and hit $2.41 as Bitcoin resumed its pricing rally. In December, Solana decreased more to $1.47 when the bears pulled the values.

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What Media think about Solana

Let us take a look at the renowned publication and figures and their estimates about the Solana price, which will give us another view:

TradingBeasts

Solana will be traded at 140.55 dollars by the end of 2021, and 250.21 dollars by 2024, according to the analysis of TradingBeasts.

Gov.capital

By the end of 2021 Solana will be exchanged for $ 193, while by 2025, $1500 will be sold as per Gov.capital.

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WalletInvestor

Solana may be a remarkable long-term bet, according to WalletInvestor. By the end of 2021 they were expected to sell at $180 and by the end of 2025 $950.

Coin Arbitrage

The price of Solana may be $150 at the end of the 2021 according to Coin Arbitrage. For the coming three years, Solana will be at the $635 peak price and the $390 lowest price.

Our SOL Price Prediction

The exchange price of Solana in 2021, was 1.60 dollars. The altcoin began to climb higher on a bullish note. Because Solana is a new DeFi coin it might well boom its price.

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It could focus on those alliances in order to link its assets to DeFi. It would stimulate new start-ups and may be a strong competitive player on the market for other currencies. At the end of 2021, it might exchange between 150 dollars and expect to hit 250 dollars in the near future.

How to buy and store Solana?

The following exchanges are used for this common token: Binance, Huobi Global & OKEx. The safest alternative is Binance. SOL/USDT is a very common trading pair in Binance. It’s also quick to store your SOL. The creators of the project suggest the Trust Wallet specifically. The mobile wallet can be downloaded from Apple and Android free. Coin98 is another smartphone range to ease your stocking needs, and it offers fun features. A hardware wallet is, of course, the best alternative.

Solana Price Prediction FAQs

Is Solana a DeFi?

Solana is intended to promote the development and support of a decentralised application (DApp) (DeFi). It seeks to enhance scalability by adding a proof of history consensus (PoH) in combination with the underlying demonstration of stake consensus (PoS).

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Is Solana (SOL) a good investment?

As seen in Solana’s prediction, Solana’s SOL provides a solid theoretical base for achieving greater value by deflation thanks to its high versatility as a utility token and its long-term deflationary economic model.

In coming years, it is hope that the coin will perform well as it has performed now in the past few weeks.

Where can I buy Solana?

If you would like to buy Solana (SOL), there are many high end exchanges that are providing extremely unmatched services to its customers. Exchanges like Binance, OKEx are one of the few exchange that can be trusted without making any other argument.

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Bottom Line

DeFi burst into the scene just a couple of years ago from almost nowhere. We were eventually seeing the beginning of modernization of the financial industry after long and sustained dominance by major banks and institutions.

The future of how human beings communicate with financial institutions is ready and prepared for DeFi, offering open, low-cost, transparent and equitable access to them all. But taking action into the future, as with everything in life, means that you end up with some difficulties.

Solana is actually one of the most popular blockchains. The project creators were able to create a network to overcome payment processors particularly in terms of tps and usability. As such, more developers are expected to migrate to Solana because their original blockchains continue to experience scalability issues.

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Solana price positioned for new bull rally towards $275

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  • Solana price breaks out above bull flag, indicating uptrend continuation.
  • Moving and holding above $220 is essential to continue bullish momentum.
  • Failure to extend higher here could see new monthly lows.

Solana price has hugged the top of the Cloud (Senkou Span A) as its primary support level for the past week. The respect of Senkou Span A as support has resulted in Solana moving and closing above one of the two Ichimoku levels necessary to confirm a new uptrend.

Solana price must close above the $220 value area before testing $275

Solana price is up against its primary and final Ichimoku resistance level on the daily Ichimoku chart. The Kijun-Sen within the Ichimoku system represents medium-term support and resistance and is the primary level for intraday and intraweek trading strategies within the Ichimoku system. The Kijun-Sen at the $220 level is precisely where Solana finds itself pushing against.

A daily close of Solana price above $220 provides more protection from near-term downside movement than it does upside potential for a couple of reasons. First, a close above the Kijun-Sen would convert the Kijun-Sen from a resistance level to support. Second, because retests of breakouts from bull flags are extremely common, the combination of the Kijun-Sen and top of the bull flag create a double-support structure.

SOL/USDT Daily Ichimoku Chart

Solana price does have downside risks. The Composite Index has created a high above the previous high peak on November 21st, while the candlestick chart shows the current daily high is lower than the November 21st high. This creates a condition known as hidden bearish divergence – a warning that the current drive higher may fail.

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It is essential that Solana price close above the November 21st open of $217, or the hidden bearish divergence may push Solana back into the bull flag and likely even lower to test the bottom of the Cloud (Senkou Span B) at $184.

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Will Solana [SOL] give Ethereum [ETH] a run for the money?

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Solana is showing a promising situation in terms of attracting more projects, and it seems the battle with Ethereum continues strongly. There are many projects announcing every day about migration from Ethereum to the Solana network.

It seems the gas price and scalability features of the latter are attracting them significantly. Although Ethereum itself is in a good position because of various sectors like DeFi, NFT, and metaverse running on it, Solana has been successful in hosting more projects and may give Ethereum a run for the money.

One of the latest projects announcing a migration to Ethereum is Crowny. Crowny is a platform that connects users to their loved brands. It rewards users for engaging with their lived brands and is growing fast in terms of attracting users. According to the latest announcement on Twitter, the platform is set to migrate from Ethereum to Solana on December 8th. The real reason behind this migration is lower costs per transaction on Solana compared to Ethereum.

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Besides, the scalability features let Crowny and Raydium grow faster and attract more users. According to the announcement, the Crowny team believes in Solana’s various features:

“Solana blockchain offers extremely low costs per transaction and ensures limitless scalability for years to come. This cutting-edge architecture is all about speed. It’s the fastest blockchain around. As hardware improves, so does the network.”

Another good news for the Solana community comes from the famous decentralized web browser Brave. Brave browser announced some days ago that it partners with Solana to integrate that blockchain into the browser and make it the default for dApp support. It’s great news for Solana because Brave is currently one of the most famous browsers in the market. It can benefit developers on Solana who can provide their dApps to a bugger user-base in this scenario.

Brave has 42 million monthly active users and 1.3 million verified creators. The reason for choosing Solana is the same as Crowny. Lower transaction fees and supporting fast Web3 applications are great benefits of this blockchain. Brendan Eich, CEO, and co-founder of Brave said:

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“With more and more users and creators requiring tools for fast and affordable access to the decentralized Web, this integration will seamlessly pave the way for the next billion crypto users to harness applications and tokens.”

More users and projects on Solana means more opportunities for growth in this ecosystem. When the migrations from Ethereum to Solana grow, it shows great benefits in the competition that can even result in higher deployments and higher prices for the SOL token.

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This is causing users to choose Solana over Ethereum

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Ethereum’s gas fees and speeds are costing not just users, but the ecosystem itself as more and more players are migrating to rival blockchains.

The latest stakeholder to make the move is Crowny – an app rewarding shoppers for various interactions with brands. The date for its migration to Solana is slated for 8 December.

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In a Twitter thread, Crowny stated,

“Solana blockchain offers extremely low costs per transaction and ensures limitless scalability for years to come. This cutting edge architecture is all about speed. It’s the fastest blockchain around. As hardware improves, so does the network.”

At press time, Ethereum’s gas fees were high, with an ERC20 transfer costing around $22.63 on average.

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Source: Etherscan

Moving day is here

Choosing Solana over Ethereum isn’t a novel incident. In July 2021, Powerledger, an Australian company in the area of technology and energy, decided to move its platform from Ethereum to Solana.

Co-founder and executive chairman Dr. Jemma Green had commented,

“Our new blockchain platform based on Solana will be tens of thousands of times faster than Ethereum but also energy efficient. As we started this project to allow renewables to be scaled, part of our mission is to be light on our own carbon footprint.”

Another example is the privacy-protecting Internet browser Brave. The company announced a partnership with Solana at the Breakpoint Lisbon event in Portugal. Brave’s official release stated,

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“High transaction fees seen on Ethereum (due to increased interest in crypto and DeFi) have held some users back from transacting. Solana is the fastest blockchain in the world and provides the opportunity to scale blockchain transactions for as little as $0.001 – $0.002 USD per transaction, providing significant cost savings for users.”

Furthermore, the Brave crypto wallet is set to integrate Solana in 2022, for decentralized app support.

Looking at these migrations and the reasons for the same, it appears that speed, fees, and energy efficiency are thorns on Ethereum’s side.

Time to pull out the roadmap

Needless to say, there’s a lot of pressure to bring Ethereum up to speed – literally. At the last All Core Devs meeting, Ethereum developers discussed diverse proposals to reduce transaction fees, which are also rising in rollups. 

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Developer Tim Beiko also noted that time was of the essence. He claimed that the proposals needed to ship before a fork in February. 

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