If the Solana price can still rally a bit during the bear market, the price could actually reach $1,000 in the upcoming bull market. This would be a 4x increase from the all-time high of 2021 to the possible new all-time high of 2025. This increase is quite realistic.
To reach $1,000, Solana would need to increase in price by 52x from its current price, not an entirely unrealistic target for an asset that has a market cap of $7.6 billion. At $1,000, Solana's market cap would be worth $396 billion. Though this is a very large valuation, it's certainly not impossible.
How much will Solana be worth in 10 years? If you invest in Solana today, as with any investment, a long term increase is expected. The price of SOL could possibly rise to $191.47 within the next 10 years.
According to our analysis in the short term, Solana price prediction for August 2023 shows the average price of SOL at $2.62 and the highest possible price for August 2023 would be $2.80.
It's unlikely for Solana to hit $10,000 anytime soon. However, there are some sources that make such a prediction, the likelihood of this happening is low. According to Traders Union analysts Solana can reach $420.18 only in 2033. So, can we rule out the possibility of SOL ever hitting $10,000?
If the Solana price can still rally a bit during the bear market, the price could actually reach $1,000 in the upcoming bull market. This would be a 4x increase from the all-time high of 2021 to the possible new all-time high of 2025. This increase is quite realistic.
According to the Traders Union long-term price forecast Solana (SOL) can reach $51.88 by 2025, $265.04 by 2030, $455.88 by 2034.
Can Cardano reach $500? To reach $500, Cardano will have to rise about 1,541 times the current price. At $500, Cardano's market cap would be $17.6 trillion, about 32 times larger than Ethereum's all-time high market cap, which is completely unrealistic.
In the year 2028, Solana adoption will continue to rise, with regulators starting to accept that crypto is here to stay. Investors could see SOL reaching a maximum price of $100.78 by 2028 followed by a minimum price of $91.89. The average price for 2028 is expected to be $96.34.
About Solana
Solana's price today is US$14.69, with a 24-hour trading volume of $329.61 M. SOL is +3.77% in the last 24 hours. It is currently -23.92% from its 7-day all-time high of $19.31, and 12.30% from its 7-day all-time low of $13.08. SOL has a circulating supply of 399.16 M SOL.
Given the differing environments and competitive advantage, Solana is unlikely to find it easy to reach $500. Even if we assume Solana rises at a moderate 25% per annum, it would take Solana 14 years to reach $500. Long-term forecasts tend to be imperfect and unreliable.
In 2025, some analysts expect Solana to surge towards the $3,000 mark. This is also based on the idea that it could rival Ethereum and a similar price trajectory would see it hitting top gear around 2025.
If you want to transact on the most secure blockchain, use Ethereum. The Ethereum blockchain is the more mature network and has been around since 2014, meaning it has had time to be optimized. If you only care about fast transactions and low-cost, use Solana.
According to the Solana Price Prediction model above, SOL's price in June 2028 would be $125.15.
SOL has a circulating supply of 399.50M coins and a max supply of 550.47M SOL.
According to the Solana Price Prediction model above, SOL's price in September 2024 would be $44.13. This price would however would range from $47.22 and $41.04.
Can we expect Solana to reach $100 soon? In the coming weeks, the SOL token could continue to rise sharply. If the market remains bullish, sharp gains above $50 are possible. Solana's next target would be $100.
To future-proof its ecosystem, Solana has focused on scalability and speed. By utilizing a unique combination of innovative technologies, such as Proof of History (PoH) and Tower BFT (Byzantine Fault Tolerance), Solana achieves remarkable transaction speeds and high throughput.
Solana Market prediction for 2023
Solana (SOL) market prediction for 2023 is quite positive, with a potential ROI of 61.9%. According to technical analysis, the minimum cost of Solana (SOL) by the end of the year will be $24.74, while the average trading price is expected to be around $25.51.
It's pretty clear that XRP will never reach a price of $10,000, as the coin's market capitalization would be unrealistically larget at that price. The only way 1 XRP could be worth $10,000 would be through a massive coin burn program or a redenomination of XRP.
XRP (XRP) Price Prediction 2030
For the year 2030, XRP is expected to continue to rally towards $4.32 based on market sentiment. Failing to gain this support could see XRP average around $4.17 and bottom out $4.03.