Can Solana Touch 80 USD Before 2024?

Solana aims to be a widely used, high-performance blockchain network. This open-source and interoperable platform has possible uses in finance, NFTs, payments, and gaming.

Raj Gokal and Anatoly Yakovenko founded Solana Labs in 2018. The company introduced Solana in 2020. SOL is Solana’s native coin. Solana is a single global state machine, so every node in the network is always aware of the most up-to-date version of the blockchain. This makes Solana extremely secure and difficult to censor.

Solana (SOL) employs a Proof-of-History consensus technique to achieve low latency and great throughput. To ensure that no one can alter the record of transactions on the blockchain, proof-of-history uses both cryptography and timekeeping. Because of this, Solana can handle 50,000 transactions per second with almost no fees.

A big and energetic community surrounds the fast-expanding blockchain network, Solana. Already used by several large-scale initiatives, it is among the most potential blockchain platforms for widespread adoption. 

SOL Price Prediction for December 2023:

Crypto experts expect Solana’s SOL rate to average $66.34 by 2023 after a tumultuous start. Price expectations are $59.86 to $72.82.

Solana Price Prediction 2024:

Previous Solana pricing analysis predicts the lowest price in 2024 will be $15.15. Its SOL price could reach $45.00. Average trade prices in 2024 may be $76.05.

Solana Price Prediction 2025:

Based on technical research, cryptocurrency experts believe Solana (SOL) will trade at $139.17 and $167.17 in 2025. Trading typically costs $144.04.

Solana Price Prediction 2026:

Digital currency experts examined Solana’s price history and volatility. The lowest SOL price predicted for 2026 is $198.06, and the highest is $245.06. Trading costs $205.26 on average.

Solana Price Prediction 2027:

According to their cost analysis, crypto specialists forecast Solana prices of $343.39 and $282.19 in 2027. It sells for $292.46.

Solana Price Prediction 2028:

Crypto experts are always analyzing Solana’s value changes. According to their forecasts, the average price of SOL will be approximately $433.24.

Throughout 2028, it has the potential to fall as low as $421.55 while still maintaining a high of $490.42.

Solana Price Prediction 2029:

Cryptocurrency market analysts predict Solana’s value annually. In 2029, the expected range for SOL is $618.30 to $731.85. On average, you can pay about $635.63 for it all year.

Solana Price Prediction 2030:

Experts in the cryptocurrency market are about to reveal their predictions for the Solana price. The highest possible price of SOL in 2030 is $1,058.17. Its rate, though, might fall to about $891.72. With that in mind, $923.50 is the projected average trading price.

What do experts predict about Solana’s price?

Though the live SOL to USD price update shows Solana at $63.5 as of this writing, experts feel that a 3.48% price dip by December 9th, 2023, is likely.

Solana’s technical indicators show a bullish 89% market sentiment and a Fear & Greed Index 72 (Greed).

Solana has 17/30 (57%) green days and 10.71% price volatility in the past 30 days.

Historical Track Record of Solana

Recent market data indicates that Solana trades for $63.09 per coin, placing it sixth in the overall cryptocurrency ecosystem. Solana has a market valuation of 425,472,616 SOL and a circulation supply of $26,841,775,485.46. The cryptocurrency’s value has climbed $2.86 in the last day.

SOL has had a solid upward trend over the past week, leading to a 4.31% increase. With Solana’s recent impressive performance, this might be a great time to jump in and make an investment.

The price of SOL has climbed an incredible 57.56% in the past month, bringing its current value up by an average of $36.31. Because of its unexpected surge in value, the coin has the potential to become a reliable investment shortly.

Final take

Solana’s price rise may continue into 2023 or 2024. The robust and effective Solana blockchain has low transaction fees. Together, these factors make the coin an attractive long-term cryptocurrency investment.

Since SOL is approaching its lows, it may be a good buy. Remember that all cryptocurrencies are volatile, so the best is never to risk more than you can lose. You may consider holding your investments long to maximize your profit, especially in cryptocurrencies.