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Solana (SOL) Price Prediction for 2024-2030

10 Jan, 2024 13 min read
Solana (SOL) Price Prediction

Are you interested in learning more about Solana and its potential as a cryptocurrency investment? In recent years, Solana has surged in popularity, piquing the interest of many investors. However, the question of whether it's a sound long-term investment remains. While we can't offer financial advice, we can explore the project's potential and prospects. Delve into our Solana price prediction for 2024 and beyond.

Solana cypto. What is it?

Before discussing Solana price predictions, let's begin with what Solana's meaning is. What stands behind this crypto? 

Blockchains, including Proof-of-Work (PoW) chains like Bitcoin and Proof-of-Stake (PoS) chains like Ethereum, are often slow due to the method of adding blocks to the blockchain. Solana blockchain addresses this issue by implementing Proof-of-History (PoH) to facilitate chain growth and user rewards. It boasts a capacity of 2,000 transactions per second.

Solana is a part of decentralised finance (DeFi), which aims to provide financial services without reliance on traditional banks. It supports decentralised applications (DApps) like Audius for music-sharing and the Phantom Wallet.

Solana Phantom wallet

The SOL coin, utilised to incentivise network participants, can be staked for voting rights and bought, sold, and traded on exchanges.

Solana History

Solana was founded in 2017 by computer engineers Anatoly Yakovenko and Greg Fitzgerald. Anatoly Yakovenko, who had previously worked for Dropbox, graduated with a degree in Computer Science from the University of Illinois in 2003.

In November 2017, Anatoly Yakovenko unveiled Proof of History, a groundbreaking method for time synchronisation among untrusting computers. Anatoly, influenced by Greg Fitzgerald, transitioned the project to Rust for safety and performance benefits. This shift marked the genesis of Loom, a project targeting global transactions on a scalable blockchain. Joined by Greg, Stephen Akridge, and others, Anatoly initially established a company, Loom. Facing confusion with a similar Ethereum project, they rebranded Solana, inspired by a coastal town.

The transition to Solana was transformative, successfully scaling to support cloud-based networks and achieving impressive transaction speeds on public testnets. By June 2018, the team published a permissioned testnet handling 250,000 transactions per second, with subsequent releases showcasing up to 500,000 transactions per second. 

Solana (SOL) Overview

Solana (SOL) Crypto

Solana's distinguishing feature is its Proof-of-History consensus mechanism, which generates a sequence of timestamps to track cryptocurrency ownership at specific points in time. This process ensures the accuracy and fairness of data.

Thanks to PoH, Solana boasts a variety of additional functionalities, such as the SeaLevel transaction processor, the Turbine data distribution system, Gulf Stream for transaction caching across the network, the Tower Byzantine Fault Tolerance system for value calculation, Pipeline for transaction processing, and Archivers for data storage.

The system is powered by SOL, which users can stake or hold to gain voting rights. Additionally, SOL can be bought, sold, and traded on exchanges.

Solana (SOL) White paper

Solana's technical documentation, or white paper, highlights the system's emphasis on speed and user-friendliness compared to other blockchains. However, it's important to note that the white paper contains technical jargon, making it potentially challenging for the average reader to comprehend. For instance, phrases like "When used alongside a consensus algorithm such as Proof of Work (PoW) or Proof of Stake (PoS), PoH can reduce messaging overhead in a Byzantine Fault Tolerant replicated state machine, resulting in sub-second finality times" may be confusing for some readers.

SOL crypto use cases

Solana's blockchain technology presents a wide range of use cases for developers and business owners within the crypto ecosystem. Let's explore some of these use cases:

  • NFT Marketplace Development. Users can create and list NFTs for sale on these marketplaces, making it a popular platform for NFT marketplace development.
  • DApps Development. Solana is favoured for dApp development due to its high transaction speed, low gas fees, superior scalability, high performance, and fast development capabilities.
  • DeFi. Solana is gaining popularity for DeFi development, offering a growing ecosystem of digital wallets, decentralised cryptocurrency exchanges, and automated financial contract systems. 
  • Web 3.0. Solana's use cases in Web 3.0 include data privacy web browsers, domain name services, and off-chain data oracles. 
  • Games. The Solana ecosystem features play-to-earn (P2E) games that allow players to earn cryptocurrencies and NFTs while playing. 

Solana (SOL) Benefits

Before we proceed to the SOL price analysis and Solana price predictions, let's highlight the main advantages of cryptocurrency. 

  • One of its remarkable achievements is its highly scalable network, which can handle up to 50,000 transactions per second. 
  • Despite its scalability, Solana's blockchain remains fast and cost-effective, with an average transaction fee as low as $0.00025. 
  • Additionally, the block time is typically less than one second, and transactions reach finality in just a fraction of a second.
  • Another advantage of Solana is its ability to maintain composability between different projects within its ecosystem, thanks to its single global state. This eliminates the need to integrate with multiple shards or Layer-2 solutions. 
  • Furthermore, developers can enjoy audited, enterprise-grade security when building on Solana and the flexibility to code in widely used languages like C, C++, and Rust.

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Solana (SOL) Price Analysis

At the time of writing this Solana price prediction on 9 January 2024, SOL crypto's price was $99.40, with a daily trading volume of $4,349,576,162. Solana ranked $5 on CoinMarketCap, with a market capitalisation of $42,931,170,935 and a circulating supply of 431,922,677 SOL, while the total supply was 566,724,489 SOL.

SOL price statistics (as of 9/01/24)

SOL current price


Market cap


Circulating supply

431,922,677 SOL

Total supply

566,724,489 SOL

Daily trading volume


All-time high

$260.06 (06/11/21)

All-time low

$0.5052 (11/05/20)


Solana price history

Let's take a look at the ups and downs of SOL's price history. While past performance doesn't guarantee future results, understanding what the coin has accomplished can offer valuable context for making or interpreting Solana price predictions. 

In the first half of 2020, SOL was valued at around $0.90. It remained near the $2 mark for the rest of the year but experienced a significant surge in early 2021, peaking at just under $50 in April.

Despite a subsequent decline, SOL regained momentum in August that year, breaking the $100 barrier. There was an expected downturn, but the noteworthy recovery in November saw it reach an all-time high of $260.06 on 6 November, coinciding with Bitcoin (BTC) reaching record levels.

Following a strong 2021, 2022 turned out to be a forgettable year. Market conditions led the coin to close the year below $200, dropping below $100 in March, recovering in April, and then plummeting again. The bankruptcy of the FTX exchange heavily impacted the price of SOL, as it was suggested that FTX had invested a significant amount of money in Solana, causing SOL to crash and close the year below $10.

Solana price history
Solana price history

As of the latest data gathered on 9 January 2024, the current price of Solana stands at $99.40, holding the 5th position in the crypto ecosystem. Over the past 24 hours, the crypto has increased by $1.69 in value.

Over the last month, the price of SOL has surged by 24.49%, adding an impressive average of $23.09 to its current value. This sudden growth suggests the coin could become a stable asset if the upward trend continues.

SOL/USDT price chart


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Solana (SOL) technical analysis

Solana (SOL) technical analysis
Solana (SOL) technical analysis

According to data from 9 January 2024, the overall sentiment for Solana price prediction is optimistic. The technical analysis suggests that Solana's 200-day Simple Moving Average (SMA) will increase in the coming month, reaching $49.85 by 7 February 2024. Additionally, the short-term 50-day SMA for Solana is projected to reach $99.02 by the same date. The Relative Strength Index (RSI) currently stands at 46.01, indicating a neutral position for the SOL market.

Solana Price in 2024

In 2024, there are varied predictions for Solana's price. DigitalCoinPrice forecasts an average of $206.85, CaptainAltCoin predicts $164.76 by December, and anticipates a year-end value of $114.19 for Solana.

Is Solana a good investment?

Solana has emerged as one of the leading cryptocurrencies in market capitalisation. Its recent surge reflects its impressive performance in the latter part of 2021, propelling it from a lesser-known player to a significant contender. Nevertheless, as with any success, there are detractors, and the ongoing scrutiny of cryptocurrencies by the SEC has placed SOL in the regulator's crosshairs. Potential investors must conduct thorough research before considering an investment in Solana cryptocurrency.

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Solana (SOL) price prediction 2024-2050

We must approach these forecasts critically as we delve into Solana crypto predictions. The volatile nature of the crypto market means that predictions are often subject to change and can easily be inaccurate. Many long-term forecasts are based on algorithms that are constantly evolving. With this in mind, let's explore some of the recent SOL crypto price predictions and better understand the factors in the crypto market.

WalletInvestor Solana coin price prediction for 2024, 2025, 2030, 2040 and 2050 

WalletInvestor's analysis suggests that SOL may not be a favourable long-term investment over 1 year. The data indicates that Solana (SOL) has experienced a bullish cycle in the past 12 months. Solana's price could decrease from $98.719 to $56.989. Looking ahead to 2024, the projected average price for Solana is $70.62, while Solana's 2025 price prediction is $40.13. WalletInvestor's forecast indicates that Solana's price may be around $3.12 at the beginning of 2029.

Reddit SOL crypto price prediction for 2024, 2025 and 2030

Predictions for Solana's price on Reddit vary. Some are optimistic, predicting a significant increase during this bull cycle. For instance, one user believes that Solana could reach the third position, following Ethereum, and achieve a price of $500-800, which aligns with Fibonacci extensions from previous cycles. On the other hand, some foresee a scenario where Solana may surpass Ethereum temporarily, but they emphasise the importance of token economics when considering long-term trends.

CoinCodex Solana price prediction for 2024, 2025 and 2030 

According to CoinCodex's Solana coin price prediction, the crypto's price is expected to increase by 0.64% and reach $ 94.98 by 13 January 2024. Considering the historical price movements of Solana and the BTC halving cycles, the SOL 2025 price prediction is approximately $ 82.59. Additionally, the price of Solana is anticipated to reach up to $ 515.06 next year. 

The forecasted Solana price for 2026 ranges from $ 207.73 to $ 451.91. For 2031, the predicted Solana price ranges from $ 380.87 to $ 482.08. 

Long Forecast Solana price prediction for 2024, 2025 and 2030

Based on Long Forecasts's Solana crypto prediction, the coin is expected to reach $83.31 by January 2024. The price is anticipated to increase gradually throughout the year and reach approximately $180.51 by the end of 2024. The forecast for Solana in 2025 suggests a price of $206.17 by the middle of the year and an average prediction of $445.37 by the end of 2027. The cryptocurrency is projected to start 2028 at an average price of $516.63.

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Solana (SOL) future forecast in general

The future forecast for Solana coin price based on various analyses presents a mixed outlook. 

  • According to WalletInvestor, there might be short-term fluctuations, potentially decreasing from $98.719 to $56.989, but the long-term trajectory is uncertain. 
  • Predictions from Reddit users showcase a divergence of opinions, ranging from optimistic scenarios where Solana surpasses Ethereum, reaching a value of $500-800, to cautious perspectives emphasising the importance of token economics in the long run. 
  • CoinCodex anticipates modest growth, with a predicted Solana price of $94.98 in 2024 and an estimated increase to $515.06 the following year. 
  • Meanwhile, Long Forecast’s analysis suggests a gradual rise, foreseeing Solana reaching $180.51 by the end of 2024 and projecting an average price of $445.37 by the close of 2027. 

Despite the variations, Solana price predictions collectively underscore the uncertainty surrounding Solana's future, emphasising the need to consider both short-term and long-term factors in evaluating its investment potential.

How high can Solana go?

Some optimistic Reddit scenarios suggest a potential ascent to the third position, reaching $500-800. Conversely, WalletInvestor's caution is evident in its projection that SOL's price may decrease from $98.719 to $56.989, and by 2029, it could be around $3.12. Factors such as token economics, historical performance, and differing forecasts contribute to the uncertainty surrounding Solana's potential growth.

Solana price prediction today


The near future outlook for Solana seems to be tilting towards a bearish trend, especially if it stays below the crucial level of $101.97. With the cryptocurrency market displaying significant volatility and quick changes, investors and traders must closely monitor these technical levels and indicators.

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