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Solana (SOL) Price Prediction 2022: Will The Price Surge To $500?

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Solana with its euphoric run in the past is under active consideration of investors and traders. However, a steady downfall has been nerve-wracking for not one but many. Whilst the industry has been dwindling amidst the market-wide turbulence, SOL’s price has been ranging in tandem with the broader business. 

The persistent congestions and setbacks of the network have been a growing concern for investors and traders. Amidst the escalating count of crises in the industry. Do you hold concerns about the future prospects of Solana? Worry not! As we decode the plausible price prediction for 2022 and beyond.

Overview 

CryptocurrencySolana
TokenSOL
Price$ 38.1500
Market cap$ 0.0000
Circulating Supply0.0000
Trading Volume $ 0.0000
All time high$ 0.0000 Jan 1, 1970
All time low$ 0.0000 Jan 1, 1970

Solana (SOL) Price Prediction 2022

Potential LowAverage PricePotential High
$47.53$62.2$75.1

The market crash on the 5th of January led to SOL’s price losing its ground of $175. The altcoin further lost its support at $130 on January 17th. While the price of SOL did rise back to $110, following its fall below $100. However, the Wormhole hack took back the price below the 3-digit mark. 

Whilst Solana did breach back to its target of $110, the recent clash between Russia and Ukraine. And the anxiety around FED’s rate hike did bring down gains to square one. That said, in view of the fast-approaching new quarter SOL parted ways with the first quarter at $130.47

Moving in tandem with the broader crypto market, SOL took a steep fall, with the start of the second quarter. The growing bearish trends in the business have exacerbated the price projection of SOL. The Ethereum-killer’s price is now down over 70% since the start of the second quarter. 

SOL Price Prediction For Q3

  If the digital asset seeks impetus from volumes assisted by the buyers. The price of the altcoin could chug up to a maximum of $52.43. On the flip side, if it encounters a prolonged bear run, the price might stumble down to the lows of $33.74. That said, a balance in buying and selling pressures could land the price at $44.16

Solana Price Prediction For Q4

  The price of SOL could propel to greater heights. If the makers rollout vital upgrades to resolve the congestion of the network and boost its scalability. In such a case, the price might propel to a maximum of $75.1. In contrast, if the network falls prey to congestion amidst the lack of upgrades. The price might slump down to a minimum of $47.53. Constrained by the linear price trajectory, the average price might land at $62.2

SOL’s Price Forecast For 2023

  If Solana manages to sail across the challenges of the crypto-verse, whilst fixing the consensus issues. The price of SOL might escalate upwards of $127.57. On the flip side, if the asset remains more vulnerable to inflation and other torments, the price could settle at $66.98.

Price Prediction Of SOL For 2024

  By the end of 2024, Solana might attract a myriad of projects to be built on its network. Whilst also enticing the creation of NFTs. In such a scenario, the thriving user base might stimulate the price to a maximum of $199.79. However, emerging rivals and stiffer competition might leave the price stranded at $111.33. 

Price Trajectory For 2025

  If Solana encourages newer upcoming startups, it could be a new competitor for other currencies in the market. Also, in the coming years, if Solana outgrows Ethereum, it might bang at significant highs. On this note, the SOL price may strike its maximum at $316.84

New regulations in the future can afflict the price movements, and thereby a possible low might be in hand for SOL. If this happens, a slight pullback can draw Solana to $168.08 by the end of 2025. 

YearPotential LowPotential High
2023$66.98$127.57
2024$111.33$199.79
2025$168.08$316.84

What Does The Market Say?

Wallet Investor:

Wallet Investor expects the price of SOL to close the year 2022 at its potential high of $71.793. That said, analysts from the firm expect a balance in buying and selling pressures to land the price at $33.796, by the end of 2022. 

Trading Beasts:

As per Trading beast’s Solana price prediction, the SOL price is anticipated to end 2022 with a maximum price of $45.846. And with a minimum of $31.175, whilst expecting an average price of $36.676. The firm cites that by 2025, the maximum trade value of Solana will probably be $104.241. That said, the average and minimum possibilities are expected at $83.393 and $70.884. 

Digital Coin Price:

According to Digital Coin Price, the altcoin’s price is believed to soar to a maximum of $53.72 by the end of 2022. The firm has pinned the minimum and average targets for the year at $47.15 and $50.02. The analysts from Digital Coin Price have set the maximum closing targets for 2025 at $79.31. 

Gov. Capital: 

As per the SOL price prediction by Gov. Capital. The altcoin’s price could escalate to its maximum of $211.563 by the end of 2022. The firm anticipates the maximum annual closure of 2023 at $563.912 and 2025 at $1546.2. 

 to read our price prediction of Polygon (MATIC)!

Our Price Prediction

Solana’s presence in Defi could propel a northward price trajectory. It might concentrate on certain collaborations to bridge its assets to Defi. Also, its delegated staking could attract a host of new investors. 

As per Coinpedia’s formulated SOL price prediction the price might surge higher to $75 in 2022. However, on the other end, if the network delays the implementations in its Mainnet Beta version. The price can flip to lows of $47.5 by the end of 2022. 

What is Solana (SOL)?

The advent of the network dates back to 2017. The network was created by Anatoly Yakovenko and co-founder Greg Fitzgerald. Solana was formulated with a vision to empower scalability and transaction speeds.

Solana has come a long way since its test net in 2018. To presently holding significant dominance in utility. SOL price is presently up an astonishing 18969.83% since, since its first known price tag.

For a detailed explanation of Solana, its blockchain and its working,  

Historical Price Events

2020

  • Solana initiated its traverse on the 10th of April, with a trade value of $0.79.
  • After falling to the minimum of $0.52, the price rose to $0.99 by June-end, and $1.33 by mid-July. 
  • SOL took a flight to $3.77 by mid-August, but a slip brought it to $2.82 by August end.
  • By early September, SOL’s price hit an ATH of $4.84, however, the price took a hit starting from October. 
  • The turbulence led the digital asset to close its yearly trade at $1.50.  

2021

  • SOL opened its trade-in January at $1.60, a euphoric run led to SOL claiming $10 by mid-February.
  • In no longer than April, the price was trading in the range of $40.
  • By May the price surged close to $50 to reach the ATH of $58.30, but the market-wide crash slashed the price by 50%. 
  • In August, impetus coming from NFTs helped SOL smash its ATH of $191.04 by the end of the month. 
  • However, a DDoS attack in September brought the price down to $132.13. 
  • While SOL ran a sprint to $260.06 on the 6th of November. Recurring DDoS attacks led to the annual trade closure at $178.8.

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