Solana Price Prediction 2024, 2025, 2030

Solana soared over 15,000% in one year during the last bull, earning the title of “Ethereum killer” and generating a significant community. However, one of the worst collapses in recent years followed, with the SOL price plummeting 96% from its all-time high (ATH).

Despite this, Solana has shown promising signs of a recovery recently. This Solana price prediction considers Solana’s controversies, its fundamentals, community and technical analysis to forecast short and long-term SOL prices.

Solana Price Prediction Summary

  • Solana launched in April 2020 with an initial price of $0.9511.
  • The price reached an ATH of $260.06 on 6 November 2021.
  • Currently, SOL is priced at $76.64, down 70% from its ATH.
  • Our 2025 Solana price prediction estimates a price of $200.

Year Minimum Price Average Price Maximum Price
2024 $40 $100 $140
2025 $80 $120 $200
2030 $85 $97.50 $105

Solana Price History

Solana was conceptualized in 2017 by Anatoly Yakovenko and developed by the Solana Labs technology company. Initially, the SOL token was sold in private and presales, with the final presale round in March 2020 priced at $0.22.

Once it launched on exchanges, the SOL price quickly shot up, trading ranging between $0.50 and $1 until July 2020. In July, the price broke $1 and began to climb, reaching $10 in March 2021.

The Solana project also raised lots of venture capitalist funding, even after the project was available to trade on exchanges.

A press release in June 2021 by Solana announced the project raised over $300 million in funding in a round led by Andreessen Horowitz and Polychain Capital, which also included Alameda Research.

The high level of venture capitalist interest flooded the Solana ecosystem with liquidity, enabling it to reach unprecedented heights quickly. Within five months of the announcement on 6 November 2021, Solana peaked at its ATH of $260.06.

However, the large amounts of SOL that venture capitalists and institutions held ultimately led to Solana’s demise.

Following its ATH, the SOL price dropped as crypto moved into a bear market.

However, one year on from its ATH, the founder of the Binance cryptocurrency exchange, Changpeng Zhao (CZ), said he would sell all his FTT tokens due to concerns regarding the solvency of the FTX exchange. This holds significance in the Solana story because FTX, and its sister company Alameda Research, were the largest holders of SOL coins at the time.

CZ’s announcement triggered an array of events, ultimately leading to the collapse of the FTX exchange. The collapse inadvertently meant FTX and Alameda Research had to sell their SOL tokens, causing the price to plummet to lows of $8.42, which was -96.76% from its ATH.

Since the collapse, the price has recovered significantly, and is now up 669% over the course of 2023, sitting at a price of $76.64 after starting the year at just $9.961.

Solana all-time price chart

Solana price history key points:

  • Solana went through multiple private and presale offerings, with one offering a month before its exchange launch priced at $0.22.
  • The initial SOL exchange launch price was $0.9511 and remained below $10 until March 2021.
  • In June 2021, Solana raised over $300 million in a private sale, which included investments from Almeda Research.
  • Following the collapse of FTX and the subsequent bear market, Solana collapsed by over 96% from its $260.06 ATH.

Solana Price Prediction 2024

Considering SOL’s significant descent from its ATH, it certainly is one of the cryptos with the highest potential. While many thought its collapse would be the end of Solana, the events of late-2023 tell a different story—as does the data.

According to theblock.co, Solana currently has upwards of 600K daily active users—similar to the number it had when it hit its ATH, but far of its highest active address count of 3.61m in April 2021.

Solana Active Address Chart

Another factor to consider regarding the usage of Solana is that the next crypto bull market is expected to occur in 2024—and the end of 2023 convinced many of that. This will likely bring many more users to crypto and renew the interest of previous users in the now much evolved Solana ecosystem.

Solana is theoretically capable of processing up to 65,000 transactions per second (TPS); this makes transaction fees much cheaper than on networks like Ethereum, which can only process 10-12 TPS.

In a bull market, this could lead to significant new levels of demand for the Solana network, as we saw in the last bull run. This is especially true since Solana has retained a substantial portion of its user base, despite SOL’s poor performance.

However, many SOL holders may be holding to recover profits, leading to excess sell pressure as the price increases. This is especially true if the blockchain cannot bring in new demand from outside its current user base.

With this in mind, we still think Solana will continue its revival into 2025, and our Solana price prediction for 2024 estimates a potential high of $140, should we enter a true bull market, a low of $60, and an average price of $100 as the token spends a lot of time around this support.

Solana Price Prediction 2025

Several factors will determine whether Solana can become one of the best coins to buy for the next bull run.

As mentioned, Solana is capable of processing 65,000 TPS. However, the Solana blockchain is known for suffering outages due to issues regarding its validators.

One of the tradeoffs with such high scalability is that the hardware required to run a validator node is costly. Therefore, Solana is considerably more centralized than Ethereum. Currently, there are 1,843 validators on Solana; meanwhile, Ethereum has over 1 million validators securing the network, with an average of ~99% participation rate.

Fewer validators means fewer nodes to maintain the network, sometimes causing outages in times of high demand or when bad actors attack the network.

For the Solana blockchain to continue gaining adoption, it is crucial to solve this problem and increase the number of validating nodes or make current validator nodes more reliable.

According to DeFiLlama, Solana has 117 protocols on its blockchain, the tenth highest of all crypto networks. This shows plenty of innovation is occurring on the chain and means it could flourish in the future.

The main issue Solana must fix is its outages and validator issues. The high degree of centralization and frequent outages puts the chain at security, censorship and financial risk. It must overcome this to succeed in the next bull market, where the network will likely be stress-tested.

The final thing to be noted in any 2025 price prediction is that many analysts believe we Bitcoin will be posting new ATHs in 2025. This is because of the historic lag of price effects from Bitcoin Halving events, which occur every 4 years. The next Bitcoin Halving event takes place in early 2024, and the price effects are widely expected to be felt in 2025, 12–18 months after the Halving event proper.

With all this in mind, our Solana price prediction for 2025 estimates an average price of $120, with a potential highs of $200. However, an inability to solve the technical and centralization issues during the bull market could stunt SOL’s growth, causing potential lows of $80.

Solana Price Prediction 2030

Although many in the Solana community are calling for new ATHs, it is important to consider that the future SOL price action will likely be a more organic product of supply and demand.

During its last bull run, FTX was the largest holder of Solana, and FTX founder Sam Bankkman-Fried pleaded guilty to fraud in December 2022. The charges against him included manipulating the price of the FTX exchange token, FTT, which may have had implications on Solana’s price too.

With this in mind, Solana will see less parabolic growth due to reduced institutional and venture capitalist funding.

That said, Solana remains an innovative and vibrant crypto projects, with Chain Debrief showing that Solana ranks #2 in terms of the number of active developers, second only to Ethereum.

There is undoubtedly potential for Solana to be a long-term crypto. However, investors must remain aware of the centralization and security risks that could cause SOL to lose all its value.

Solana 2030 Price Prediction Graph

Ultimately, these concerns, despite its large developer pool, have us thinking that Solana will not fair well as blockchain adoption grows and we move toward a more decentralized world. As a result, our Solana price prediction for 2030 has it hold stable around the $100 price mark, with an average of $97.50, lows of $85, and highs of $105.

Possible Highs and Lows of Solana Price

Solana was one of the best utility cryptos of the 2021 bull run. Many investors want to know whether it can regain its ATH. Below are our expected highs and lows for the price of Solana.

Year Minimum Price Maximum Price
2024 $40 $140
2025 $80 $200
2030 $85 $105

What Do Other Analysts Predict for Solana?

Below we have summarized the SOL price predictions from several top analysts and media outlets to help those asking should I buy SOL in 2024?

The Changelly Solana price prediction estimates potential highs of $188.01 and lows of $28.13 in 2025.

According to the CoinPedia price prediction, the Solana blockchain is going to excel by 2030, with highs of $672.15 and lows of $387.90.

AMBCrypto’s SOL price forecast estimates that the coin will reach highs of $121.90 and $265.85 in 2025 and 2030, respectively, respective lows of $101.59 and $221.54.

Based on the DigitalCoinPrice SOL forecast, the price could reach a possible high of $275.75, a low of $222.95 and an average price of $272.45 by the end of 2025.

The Bitnation Solana price forecast estimates a maximum price of $661.78, a minimum price of $616.66 and an average price of $639.22 by the end of 2030.

What is Solana and What is it Used For?

Solana is a layer-one blockchain created by Solana Labs and launched in 2020. The blockchain uses a Proof-of-Stake consensus mechanism and is theoretically capable of up to 65,000 TPS.

If you read our Ethereum price prediction, you will know that Ethereum uses PoS. However, Solana’s mechanism differs since it also incorporates a novel concept known as Proof-of-History. This enables transactions to be time-stamped and makes transactions more scalable since validators only compute a portion of transactions.

The primary purpose of Solana is to run smart contract applications. Thanks to its scalability, it does so at a lower cost than Ethereum.

Users commonly trade NFTs and interact with DeFi apps on Solana, but the Solana Foundation also aims to eventually integrate stock trading onto the blockchain too.

The SOL coin powers Solana’s blockchain is used to pay gas fees, and is staked by validators to secure the network. Like Ethereum, Solana validators who behave maliciously can have their stake slashed.

Solana Overview

Cryptocurrency Solana
Ticker Symbol SOL
Rank 6
Price $16.51
Price Change 24H 6.45%
Market Cap $32,773,994,459
Circulating Supply 427,635,517 SOL
Trading Volume 24H $2.9 Billion
All Time High $260.06
All Time Low $0.5052

What Influences the Price of Solana?

Historically, institutional and venture capitalist interest has massively impacted the price of SOL, but the recent collapse means whales have mostly exited the coin.

The most recent price influence on SOL is the SEC’s action against Coinbase, Binance and the Solana project itself. If the SEC wins in court, proving Solana is a security, this could lead to a significant downside for the SOL price.

Another factor that could negatively impact Solana’s price is its centralization and outages. If these issues continue,  SOL’s potential for growth will be limited since the blockchain will not be fit for purpose.

However, if it fixes those issues, Solana’s user base will soar. This could cause its price to increase drastically. Despite being down 70% from its ATH, Solana still has over 600K active wallets, illustrating the chain is still in demand and has the potential to recover further in the future.

The final factor affecting SOL’s price is the broader crypto market. We will likely see Solana follow the broader market’s performance. However, to what extent depends on the factors mentioned earlier.

Is Solana a Buy?

Solana is a solid project with an intriguing use case and impressive tech. Its community’s ability to rally behind the coin is impressive, even in times of hardship.

While we forecast Solana has plenty of potential to run, it is also essential to remain aware of the risks. As well as being targeted by the SEC, Solana also carries technical risks, which could cause the network to fail in times of higher demand.

Where To Buy Solana?

If you’re considering to buy Solana, the first step involves picking a reliable platform. Coinbase is a reputed crypto exchange known for its user-friendly layout, strict adherence to regulations, and security measures.

Coinbase – Leading Crypto Exchange With An NFT Marketplace And 3000+ Cryptos

Coinbase is a leading crypto exchange with over 108 million verified users across 100 countries. 

Established in 2012 in the U.S., the platform is fully regulated and has a reputation for trust among global investors.

Designed to be intuitive, the platform has created an interface that suits crypto newbies and even experienced traders. It differentiates its trading tools into “simple” and “advanced” categories, ensuring users can trade comfortably.

Coinbase supports more than 3,000 digital assets on its platform. This includes leading cryptos like Bitcoin and Ethereum, lesser-known altcoins, and even Non-Fungible Tokens (NFTs) through its native marketplace.

Coinbase - Homepage

Moreover, Coinbase also focuses on educating its user base. Through its “Learn” and “Coinbase Earn” programs, users can acquire crypto while learning about the asset class, covering topics from basics to tax considerations.

The platform recently introduced the “Advanced Trade” feature, a successor to Coinbase Pro, catering to traders seeking more complex tools and large-volume trading flexibility.

The mobile app is highly rated on Android and iOS, delivering a simple trading experience that matches its desktop counterpart.

Coinbase

Users can earn through staking over 100 different assets, opening up passive income avenues for users.

Fees are tiered and can decrease with higher trading volumes. While beginners using debit or credit cards could face fees up to 3.99%, high-volume traders can enjoy reduced fees, with the taker fee going as low as 0.05% for trading volumes exceeding $500 million.

In addition to mandatory two-factor authentication (2FA), Coinbase provides offline storage for 98% of customer assets. Online assets are secured via Multiparty Computation (MPC), and FDIC insurance covers up to $250,000, similar to traditional banking standards.

Conclusion

Solana is an innovative blockchain with one of the strongest communities in crypto. However, we do not foresee it regaining its ATHs by 2030. The main reason is that its previous ATH resulted from FTX and other VCs injecting billions into the ecosystem.

Looking ahead, we believe some other cryptos are much more attractive investments. We’ve even compiled a list of the best cryptos to buy in 2024 saving you the time and effort.

Cryptoassets are highly volatile and unregulated in most EU countries, Australia and the UK. No consumer protection. Tax on profits may apply. Your capital is at risk.

References

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Elliott Lee

Elliott is a British cryptocurrency journalist and copywriter. Having spent the past couple of years immersed in everything crypto, he now spends his time researching the most impactful cryptocurrency trends. He looks for projects with long-term visions and is a huge believer that blockchain technology can solve the world's most pressing issues.