Over the past year, many events have led to a crypto market correction. After the FTX drama, Solana’s association with Sam-Bankman Fried induced SOL, its native cryptocurrency, to shed more than 70% of its value in just a few days. However, this year has already been quite explosive for the altcoin, as it registered an over 200% growth from its December 2022 lows to test the $25 resistance.

This guide reveals our Solana price prediction until 2030 and examines the key drivers that may shape its value. Plus, we guide you on how to invest in SOL with minimal fees.

Solana Price Prediction 2024 – 2030

The following is a quick overview of our predictions for the next few years to give you an idea of SOL’s potential value:

  • 2024 Forecast: With continued momentum and new partnerships with developers, SOL may grow and reach the $57 mark in 2024.
  • 2025 Expectation: While consolidation in the $50-$60 range may be expected, if SOL can overcome this, there is a potential path to $81 by 2025’s end.
  • 2030 Outcome: As the adoption of cryptocurrency increases, we anticipate increased interest from institutional and individual investors. This could lead to a positive outlook for SOL and a value of $233 by 2030.

Solana – Latest News

Before getting started with our price predictions, let’s take a look at some of the recent news updates surrounding this cryptocurrency:

  • After starting 2023 at the $10 mark, Solana increased to $25 per token in February.
  • In March 2023, major altcoins including Solana corrected after Silvergate, a major crypto bank, lost 50% of its valuation.
  • SOL is currently priced at $20, and has a market cap of nearly $8 billion.

Solana Price History 

SOL is a cryptocurrency that is native to the Solana blockchain and is one of the best altcoins that stands in the top 15 cryptos by market cap. It is used as compensation for Solana clusters to validate transactions, and SOL holders can stake their tokens to earn APY rewards.

In 2021, the Solana token price experienced a tremendous surge in value, rising by over 18,000%, propelling it to become one of the most promising cryptocurrencies. This buying frenzy peaked on 6 November, with the SOL coin price reaching an all-time high of nearly $259.

Despite its impressive performance in 2021, 2022 was a challenging year for SOL investors due to the bear market. Moreover, a hack on the Solana blockchain last year resulted in the loss of over $8 million for thousands of users.

Solana Price Chart

Nonetheless, SOL has gained attention from both retail and institutional investors. Even during the bear market, institutional investors have held onto their SOL investments, showing confidence in the project’s future potential. As a result, beginner investors looking to buy cryptocurrencies can consider SOL a safe choice for a relatively long-term approach.

In 2022, SOL ended the year at nearly $10 per token. However, this cryptocurrency has been bullish in 2023. Solana tested the $25 range in February 2023, before correcting to a current price of $20. The token has still doubled since the start of the year. As of now, Solana has a market cap of $7.9 billion.

Let’s take a quick overview of the SOL crypto price trajectory;

  • Anatoly Yakovenko created the Solana Proof-of-History layer-1 blockchain protocol in 2017, intending to be censorship-resistant, scale transaction speeds, and reduce costs.
  • Solana’s first block was created in March 2020.
  • SOL witnessed a solid uptick in institutional and retail investor interest as it clocked in over 18,000% growth in 2021.
  • This uptrend pushed the Solana crypto price toward its ATH on 6 November 2021.
  • By the end of 2022, SOL corrected along with the rest of the crypto space. The token traded as low as $10 by the start of 2023.
  • Currently, SOL has regained momentum, trading at $23 per token.

Solana Price Prediction end of 2024

Messari’s State of Solana Q4 2022 report, published on 20 January, highlighted a 78.8% Year-on-Year (YoY) Increase in average daily transactions. Despite the ongoing bear market, this metric revealed a substantial uptick in user engagement over the past year. Should this trend continue, the platform’s native token SOL could continue its gradual surge as it heads into 2024.

On the other hand, Solana saw a 96% YoY decrease in its Total Value Locked and a decline of 36.9% in total NFTs. The inability of the broader market to display a strong recovery can pose hurdles in Solana’s recovery path.

Assuming the broader market heads into a relatively bullish zone by 2024, the Solana price forecast for 2024 is somewhat brighter. Changelly has presented a Solana forecast for 2024 that suggests SOL could reach the $57 mark by next year. However, it is worth noting that the immediate next resistance barrier after $57 stands at $80. Thus, any breach above the $57 level could expose bulls to a 40% upside.

Solana Price Prediction 2025

It’s worth mentioning that Solana’s network has a history of experiencing outages, and this has been a persistent issue. Will these outages persist and potentially harm the long-term prospects of SOL? It’s too early to say. However, some experts predict that Solana’s network will continue to encounter outages in the future.

Despite these challenges, Solana has been working towards improving network stability and reliability. The platform is also expanding its ecosystem by adopting NFT marketplaces, compatibility with Ethereum Virtual Machine, the promotion of Solana Pay, and the launch of Solana Mobile. Solana has gained popularity among decentralized finance (DeFi), NFT marketplaces, and gaming communities.

Should the platform effectively work on the outages issue, it could continue gaining more users through its expanding network. 

A Changelly prediction report stated that the highest and lowest Solana prices for 2025 will range between $81 and $49. It is estimated that the cryptocurrency will have an average trading value of approximately $65 in 2025. Other coin analysts at DigitalCoinPrice believe that Solana has the potential to reach a value of $78 by 2025.

Solana Price Prediction 2030

From a relatively long-term perspective, Solana’s decision not to implement sharding is based on recognizing the security risks associated with these isolated network segments. As a result, Solana’s vulnerability may become apparent if Layer 2 scaling solutions prove to be successful for other cryptos, including Ethereum.

As the frequency of network hacks and downtime incidents increases, the crypto industry may emphasize decentralization and security over speed. This shift could hurt Solana’s reputation, causing projects to move away and unlock value from the system.

However, ‘Censorship resistance’ is crucial in ensuring the uninterrupted flow of information in financial markets. This feature holds great significance in the DeFi world as both retail and institutional traders tend to favor blockchain networks that are fast, cost-effective, fair, transparent, and less vulnerable to malicious attacks.

Unlike many other Layer 1 chains, Solana aims to enhance Ethereum’s market share by implementing its primary goals of speed, affordability, censorship resistance, and an open and fair network. By doing so, Solana is poised to attract billions of dollars worth of investment as price discovery plays a significant role in determining market trends. 

According to Changelly, the year 2030 could see the highest SOL price reaching $520.18, although it is also possible for it to decrease to $447.27. Therefore, the average trading price for SOL in 2030 is projected to be around $459.55. However, the DigitalCoinPrice team predicts a different outcome, with a peak price of $233 in 2030.

Solana Price Potential Highs & Lows 

Investors buying Bitcoin are familiar with the instability in the crypto market. SOL is no exception, as the coin’s value has seen abrupt fluctuations with sudden peaks followed by sharp drops, sometimes within days.

When making our SOL price forecast, we observed critical regions of support and resistance on the price chart, which are vital to consider for future reference. These zones will result in periods of stability or rejection, resulting in increased short-term volatility.

The information below highlights these areas, giving you an idea of what to look for in the coming years.

Year Potential Low Average Price Potential High
2024 $25 $41 $57
2025 $49 $65 $81
2030 $150 $191.5 $233

Where to Buy Solana?

With a thorough understanding of our short and long-term SOL price projection, let’s focus on the investment process. 

If you are interested in purchasing SOL, you must create an account with a reputable crypto exchange that lists SOL as a tradeable asset. It becomes essential to choose from one of the best altcoin exchanges considering the security concerns, especially with the recent FTX meltdown. 

Is Solana a Good Investment?

Although it has seen a decline of over 90% from its all-time high at press time, Solana has still seen a substantial increase of 4,645% since reaching its lowest point in May 2020. 

The growing popularity of Solana throughout 2021 was a significant factor in the listing of the coin on most crypto exchanges. The continued expansion of access to SOL will lead to a rising volume of trade, which in turn will drive the Solana coin price higher in the coming years. The popularity of DeFi projects also contributed to Solana’s success, as the “DeFi Summer” trend fueled growth in the DeFi space.

One of the significant challenges facing the Solana community is the tendency for users to delegate their stake to the biggest validators, who are considered the most trustworthy, rather than staking and validating themselves. This preference is driven by the high cost and technical expertise required for the latter.

This raises the issue of Solana not being adequately decentralized, which could harm investor sentiment toward SOL. Nonetheless, from a long-term perspective, SOL could address these issues and continue gaining user trust. But investors should effectively diversify their portfolios to mitigate their overall risk.

SOL Price Prediction – Conclusion

In conclusion, this guide has outlined SOL crypto price prediction from 2024-2030 after considering technical, social, and macroeconomic factors. Despite a massive price correction in 2022, SOL has doubled in price since and is regaining momentum in 2024. If it can continue its recently gained momentum to break critical resistance barriers, SOL’s long-term prospects seem promising.

As an alternative investment option, Dogeverse is potentially one of the best 2024 cryptos to invest in and close to selling out its presale. New crypto projects often have higher growth potential with their lower market cap.

Solana FAQs

What will Solana be worth in 2024?

What will Solana be worth in 2025?

Can Solana reach $1,000?