Table of contents
- What is Solana (SOL)?
- Price Analysis of Solana (SOL)
- Solana (SOL) Price Prediction 2022
- Solana (SOL) Price Prediction 2023
- Solana (SOL) Price Prediction 2024
- Solana (SOL) Price Prediction 2025
- Solana (SOL) Price Prediction 2026
- Solana (SOL) Price Prediction: Market Sentiments
- Wallet Investors
- Our Solana Price Predictions
SOL is the native of the Solana blockchain that uses the proof-of-history (POH) consensus mechanism as an alternative to the high-cost proof-of-work mechanism that is used in the Bitcoin blockchain. Proof of history uses time as a historical record of proof on top of the proof-of-stake method.
Its adoption of the POH mechanism had ensured that it functions with high scalability and decreased the number of validators unlike the number required in the Ripple ledger. Transactions are completed faster and at a very low cost. This has made it attract a lot of decentralized finance (Defi) projects, institutional traders, and non-fungible tokens projects.
What is Solana (SOL)?
SOL is the token used to carry out transactions within the Solana open-source blockchain. The blockchain can be used to build decentralized applications and also deploy smart contracts. It was launched in March 2020 with Anatoly Yakovenko as the main co-founder.
It assures its developers and users the blockchain will remain one of the lowest in terms of fees used for transactions while maintaining fast processing time and high scalability. It can be traded in markets like Binance, Kucoin, Gate.io, Coinbase, Kraken, and others.
Now, let’s see Solana’s (SOL) price analysis for the coming years.
Price Analysis of Solana (SOL)
Flashback: Fundamental Analysis of SOL
The present news on Solana payment platform Solana (SOL) Pay is a big development in the cryptocurrency industry. This is because of the opinion of market analysts that it world be the Paypal and Visa/Mastercard of web3. With the upgrade of some platforms to web3 and the increase in the decentralized platforms, there will be a very high demand for the integration of SOL pay in projects. This will directly increase Solana’s adoption and price.
Also, there are good opinions that the present correction of Solana which saw it moved from an all-time high price of $260.06 that was attained on November 6th, 2021–to the present value that is less than $80 at the time of writing will some come to an end. This has seen the trading volume increase by over 20% in the past 24 hours. Since trading volume is a confluence that can predict future prices, we can deduce that this sentiment can lead to a reversal in SOL prices.
Let’s now see what charts show about Solana’s price analysis.
From the link above that shows the 1day chart of SOL/USDT using the Keltner channel, we can deduce that Solana is in a state of price consolidation. Hence, an increased buyers pressure can make the price bullish.
The link above of the 1day chart of Solana shows that it has a relative strength index of 42.45. This value lies between 30 and 50 which means that the present price trend is weak or neutral.
The link above shows the 200-MA and 100-MA of SOL/USDT from the 1day chart. Since the 200-MA is above the 100-MA, we can deduce that the future is bullish for Solana’s price.
Now, let’s look at the Solana (SOL) price prediction for the next five years.
Solana (SOL) Price Prediction 2022
By the end of March 2022, the price of Solana will be at least $75. As the second quarter of 2022 comes to an end, the price range of SOL will be within the range of $80 and $110. By the end of the third quarter, the SOL price might drop to $100 before rising to at least $140 by the end of December 2022.
Solana (SOL) Price Prediction 2023
The prices of Solana (SOL) in the first, second, third, and fourth quarter of 2023 will be at least $130, $170, $200 and $220 respectively.
Solana (SOL) Price Prediction 2024
The prices of Solana (SOL) in the first, second, third, and fourth quarter of 2024 will be at least $200, $230, $280, and $350 respectively.
Solana (SOL) Price Prediction 2025
The prices of Solana (SOL) in the first, second, third, and fourth quarter of 2025 will be at least $400, $360, $500, and $540 respectively.
Solana (SOL) Price Prediction 2026
The prices of Solana (SOL) in the first, second, third, and fourth quarter of 2026 will be at least $600, $670, $720, and $800 respectively.
Solana (SOL) Price Prediction: Market Sentiments
Now, let’s look at the price prediction of Solana (SOL) from well-known media platforms.
According to Wallet Investors, the price of SOL will be $217 in a year’s time and $749 by 2030.
According to PricePredictions, the price of SOL will be $109 in 2022 and $3,115 by 2030.
According to DigitalCoins, the price of SOL will be $116 by 2022 and $404 by 2030.
Our Solana Price Predictions
When we consider the impact that Solana Pay will have in the cryptocurrency market and the possible end to the present crypto winter of SOL, we can see that SOL will reach $800 by the end of 2026.
From the fundamental analysis and the market sentiment around SOL, we can deduce that all analyses are of the opinion that Solana would be bullish in the future which will be rewarding for long-term investors.