There have been around 7200 cryptocurrencies that currently exist in the market, and each one of them is claiming to be the unique one on the table. But some of the cryptocurrency projects either failed or did not deliver the required results, which they promised to do.
Among different cryptocurrencies, we have one fantastic addition by the name of Solana!
Solana is one such cryptocurrency project, although radically different from another one in terms of how the blockchain works. To have more knowledge about this currency, let’s get into the discussion below and see the current market value of Solana and more Solana price prediction for the next 5 years.
What Is Solana?
Solana acts as the high-performance cryptocurrency blockchain, supporting smart contracts, and has some decentralized applications.
It makes the use of proof of stake consensus mechanism having a low barrier to entry and time-stamped transactions to maximize efficiency fully.
Solana can process around 50-65000 transactions per second, having a theoretical limit of almost 700 00 transactions per second.
In comparison with Ethereum and Polkadot, Solana acts as a single blockchain and is not delegating the operations to the rest of the attached chains.
Who Created Solana?
Solana was introduced in 2017 by Anatoly Yakovenko. It was developed by collaborating with a team based on various companies, including Google, Apple, Microsoft, and Dropbox.
Solana (SOL) Historical Price Analysis
We all know that SOL Token has been revolving in the market since April 2020. This generally means that you won’t be finding enough of the historical data in this currency timeline.
As it enters the market, the price of Solana was relatively stagnant; it hovers between $0.5 and $0.8 until July 2020.
But after hitting the mark of $1, this token gained a lot of momentum where it rose to $4.736706 on 1st September. But the cost subsequently dipped back to the level of $2, after which Solana has never dropped below $1 again.
By the end of January 2021, Solana gained a lot of attention and popularity in the market from investors. And by 25th February, it was worth $16.109626.
Afterward, the price of the SOL token has risen even higher. The current ATH is $45.862333, which was recorded on 26th April 2021.
SOL Market Cap
The current market price of Solana is $28.11680913. Its market cap is $7.67B, with a total available supply of 272.64M SOL. It has secured the 16th Rank in the market of cryptocurrency. In the last 24 hours, the price of SOL has risen 3.93%.
SOL Circulating Supply And Total Supply
The circulating Supply of Solana is 16,350,633 SOL (3.35%), with the current total supply of 488,634,933 SOL. Its initial total supply has been 500,000,000 SOL.
Around 260 million have already made their way into SOL circulation. A total number of SOL tokens has been distributed in numerous ways discussed below:
- 16.23% has fallen into the initial seed sale
- 12.92% of them are in the founding sale
- 12.79% has been distributed among all the network team members
- 10.46% are allocated to the Solana Foundation
Solana Price Today – Current Price
The current price of Solana in the market is $28.38.
It is being predicted that by December 2021, Solana will reach the maximum value of $73.397. This is for sure an encouraging sign to believe that SOL will hit the level of $100.
Solana (SOL) Future Price Forecast Prediction
According to the table review, not just the price but also Solana’s assets will exceed $200 and even $300 by the end of 2021! In the next seven months, this price will increase to almost $330.
This whole Solana price prediction calculation might seem to be realistic, but no one can deny the fact of how much success Solana gained in 2020. No one expected this price to rise so high to $55.
As you can see in our above mentioned table, the Solace price prediction is presented based on month-to-month growth!
Solana (SOL) Short Term Prediction
Over the last year, Solana has existed in the market, giving tough competition to the rest of the cryptocurrencies on a large scale. But the investors are curious to know whether this cost is sustainable or not.
According to the latest report of CoinMarketCap, SOL’s current token ATH price is $45.8623, as recorded on 26th April 2021. Is it expected that it will achieve a new level of ATH by the end of 2021?
According to the experts, the answer to this question is “YES.” According to short-term Solana price prediction, the price of Solana will gain a rise of 20% after every three months. And by December 2021, the price of SOL will reach $96.623.
Based on the average and maximum Solana price prediction, it is pretty clear that you can expect a rise in price between $107.679 and $118.113 by the end of 2021. And by the start of 2022, the price might reach $155.594.
If this whole short-term Solana price prediction is true, Solana will gain a considerable price course of $100 by the end of 2021.
Solana price prediction has been much more optimistic when it comes to the future of Solana. According to the latest analysis on Solana price prediction, the assets of Solana might double between May and June 2021. It will jump from $69.78 to $129.53.
Solana (SOL) Long Term Prediction
Let’s talk a bit about its long-term price predictions!
Coin Price Forecast has presented the first long-term SOL price prediction. According to the latest analysis, Solana will reach the top price of around $307.58 by the end of 2021. This price might probably rise to $515.44 by 2022and $853.54 by 2023.
Solana Price Prediction 2022
According to the SOL price prediction 2022, Solana’s mid-year price will be $540.82, and the year-end price will be $515.44.
Solana Price Prediction 2023
The time is not far away when Solana will also be the stronger one against its competitors in the market race.According to the SOL price prediction 2023, the mid-year 2023 price will be $618.89, and by the end of the year, the price will reach $618.89.
Solana Price Prediction 2025
According to the mid-year SOL price prediction 2025, the price will be$1,034.50 and $1,079.74 by the end of 2025. This makes a sudden 25% increase in the price by 2025, which is entirely unexpected. But as Solana is rising high in the market, you can expect anything to happen.
Solana Price Prediction 2030
By the mid-year of 2030, the SOL price prediction 2030will reach $2,113.41 and might cross the price of $2,190.11 by the end of the year 2030.
Is Solana A Good Investment?
Solana is undoubtedly an excellent investment because you will gradually see an increase in its price in long-run outreach.
According to market experts, Solana has a bright future for the investors, which will make them feel it to be a wise investment. In simple words, Solana is a low-risk investment with some tremendous potential rewards.
Is Solana Safe To Buy?
As you have already seen in the SOL Solana price prediction, the SOL token provides a robust and solid theoretical base to achieve more excellent value by deflation. This is all because of the high versatility, making it a great utility token in the current market.
In the coming few years, it is expected that the coin will show some better and great results similar to the way it has performed in the preceding few weeks.
How to Buy Solana? Step By Step Guide
- First of all, open an online account. However, the majority of the best trading platforms in the US have not included Solana currency in their list. In this case, we recommend you to visit Binance US or Crypto.com to invest in Solana in the absence of Coinbase or Gemini.
- For opening an account, enter the email address and create a strong password. For tax purposes, you have to enter some identification details as well. Once the details are verified, you can start trading/investing.
- Buy a wallet which is an optional choice. Before you start investing, make sure you know where you will be storing your assets. You should avoid storing your crypto on any exchange because exchanges are at a high risk of facing cryptocurrency hackers.
- You can store your Solana investment in any hardware or software crypto wallet. Software wallets are yet free to use applications to securely have your investment stored on the PC or the mobile device.
- Now, in the end, let’s start to make some purchases! You can choose to buy the Solana token on the Binance by using USDT or Bitcoin.
Best Crypto Exchanges To Buy Solana
Three leading exchanges which you can use to buy Solana are:
According to us, Binance is the safest alternative to pick. SOL/USDT is quite an everyday trading pair in the Binance. It is quick enough to store your Solana.
Creators of Solana have recommended using Trust Wallet as the safest platform. You can download Mobile Wallet from Android and Apple for free.
US customers can buy Solana from Crypto.com.
If you want to use Binance to buy Solana, you must first open an account on Binance to start trading.
How High Will Solana Go?
In the next five years, Solana price prediction Reddit may reach some newer heights, after which developers will grab some more platforms to create the decentralized applications. It is expected that in the coming five years, Solana price will go high to at least the $300 mark.
By 2021, according to Coinpriceforecast’s SOL price prediction, the cost of Solana will reach $228.92. And in the next three years, this price will reach the highest level of $721.38. By the year 2025, it might hit the market at $870.
WalletInvestors has a great Solana crypto price prediction to be an excellent long-term investment. According to their prediction, the SOL token will reach almost $43.716 to $137.003 by the end of 2021. And by 2026, this price might hit $496.606.
Will Solana Go Up Tomorrow?
We have already mentioned that with time the Solana token has reached a new level of success where a constant price rise is readily expected. According to the latest algorithmic analysis and SOL price prediction, Solana will go up tomorrow.
By 2026, the price of 1 Solana is expected to be around $90.6983.
Will Solana Reach $1000?
Yes, it will, and Coinpriceforecast has the accurate Solana crypto price prediction. According to them, by the end of 2021, the price of Solana will reach $228.92, and in the next 3 years, this highest price will be $721.38. It is expected that by the end of 2025, the price might reach the level of $870.
Is Solana Better Than Bitcoin?
SOL is a good investment, but it has some more significant risks than Bitcoin or another altcoin. You can trade Solana on some of the biggest exchanges, such as Binance, Primexbt, and Kucoin. It even boasts a high daily trading volume, but the risk is a lot higher.
Takeaways – Solana SOL Price Prediction
We are sure that after reading about the entire SOL price prediction of the next few years, new investors of Solana will think about putting their investments in this currency. Before you start trading, it is always a better approach to know the future predictions of that currency.
Check out all the SOL price prediction details in-depth again and ask yourself if investing in Solana will be the right decision or not!
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I am a data analyst by profession who loves to crunch numbers at daytime and come home wondering how my passive income numbers for the day look like. I believe in being rich rather than looking rich. Follow me for Cryptocurrency, FIRE, Personal Finance, Credit Cards and Digital Nomad updates