Solana Price Prediction 2024-2033: Is SOL a Good Investment?

Solana Price Prediction 2024-2033

• Solana Price Prediction 2024 – up to $184.68
• Solana Price Prediction 2027- up to $548.06
• Solana Price Prediction 2030 – up to $1,670.43
• Solana Price Prediction 2033 – up to $3,476.61

How much is SOL worth?

The live Solana price today is $98.55 USD with a 24-hour trading volume of $5,212,471,771 USD. We update our SOL to USD price in real time. Solana is down 2.32% in the last 24 hours. The current CoinMarketCap ranking is #5, with a live market cap of $41,789,601,364 USD. It has a circulating supply of 430,015,308 SOL coins and the max. supply is not available.

Solana price analysis: SOL shows a negative picture around $91.22 as selling pressure builds

TL: DR Breakdown

• Solana price analysis shows a bearish market
• SOL/USD feces rejection at the $94.77 level
• Support for Cryptocurrency is seen at $87.48

Solana’s price analysis shows a decrease in price, dropping from a high of $94.77 to a low of $87.48 today. This is a result of increased selling pressure that has been driving the price down to the $91.22 level. Despite the bearish sentiment, there are signs of a potential recovery in the near future. 

The SOL/USD pair is currently facing strong rejection at the $94.77 level, which could lead to further losses in the short term. If the bulls can break through this level, there is potential for SOL prices to continue on an upward trajectory. On the other hand, if sellers remain in control of the market, we may see a further decline in Solana’s value.

Solana price analysis 1-day chart: SOL encounters fierce opposition at $94.77

The 1-day Solana price analysis shows that it is currently trading within a descending channel with a lower high and a lower low. Although the bulls were seen pushing for a breakout above the $94.77 resistance level, they failed to sustain the momentum and pulled back below this level.

SOL/USD 1-day price chart, Source: TradingView

The relative strength index (RSI) has moved into the neutral region and is currently at 50.68, suggesting that the market is neither oversold nor overbought. The moving average convergence and divergence (MACD) line indicates that the market is in a downward trend.

SOL/USD 4-hour price chart: SOL value shrinks to a margin of $91.22

The 1-day Solana price analysis indicates that the trend is still bearish and that a continuation of this downtrend could take place in the coming days. The market has been in a downtrend, as it has lost around 2.32 percent of its value in the past 24 hours. The bearish trend is expected to continue in the market as selling pressure remains high. Although the cryptocurrency was under bullish influence earlier this week, bears have taken control and dragged SOL/USD levels down to $91.22 at the time of writing.

SOL/USD 4-hour price chart, Source: TradingView

The technical indicators display bearish momentum for the Solana market. The moving average convergence and divergence (MACD) line shows a bearish crossover with the signal line below the MACD line, indicating that prices are likely to trend lower. The relative strength index (RSI) is currently sitting at 47.97, which indicates that the market is neither overbought nor oversold.

What to expect from Solana

Solana price action suggests that there are still some signs of a potential recovery due to the rejection at the $94.77 resistance level. However, bears continue to dominate and could push the price lower if the support levels fail to hold. The cryptocurrency continues to stay within its descending channel and is currently trading at $91.22.

Recent news/opinion on Solana

Solana Mobile, a leading blockchain-based smartphone provider, is witnessing an unprecedented surge in pre-orders for its upcoming smartphone edition, following the success of the Solana Saga. In less than 48 hours, the company has received pre-orders for approximately 30,000 units of the new Solana Mobile edition, showcasing remarkable user enthusiasm. The surge in demand represents a significant milestone in Solana Mobile’s mission to make Web3.0 solutions accessible globally.

The forthcoming Solana Mobile edition will inherit many of the impressive features of its predecessor, the Solana Saga. It includes a powerful ‘Snapdragon® 8+ Gen 1’ processor, 12GB of RAM, 512GB of Flash storage, and a stunning 6.67″ OLED display. It will also retain the integration of a crypto wallet, customized Android software, and a dedicated “dApp store” for crypto applications. What sets the edition apart is its more affordable price point, making Solana Mobile accessible to a broader audience. Additionally, users can expect noticeable hardware improvements that enhance the overall user experience.

The decision to introduce the new Solana Mobile edition is driven by the increasing demand for an affordable Solana-based smartphone and aims to rectify the limitations highlighted by prominent tech reviewer and YouTuber Marques Brownlee (MKBHD). Brownlee famously ranked the Solana Saga as the “Worst New Phone of 2023,” prompting the blockchain firm to take corrective measures in 2024 with the launch of Solana Mobile 2.0.

It not only seeks to enhance the brand’s reputation but also has the potential to instigate significant changes within the Solana ecosystem. Although no official details regarding a BONK token airdrop related to the new phone have been released, the Solana community and potential users eagerly await the unveiling of incentives and features in the coming months.

Solana Mobile is riding a wave of enthusiasm as it gears up for the launch of its new smartphone edition. With an impressive 30,000 pre-orders in less than 48 hours, the blockchain firm is poised to make Web 3.0 solutions accessible to a broader audience. The new edition promises to retain the powerful features of its predecessor while addressing limitations and offering affordability, potentially changing the narrative after a challenging debut. As Solana Mobile 2.0 approaches, it not only aims to rectify past perceptions but also holds the promise of contributing to the evolution of the Solana ecosystem. Stay tuned for more updates as Solana Mobile continues to make strides in the world of blockchain-based smartphones.

Solana Price Predictions 2024-2033

Price Predictions by Cryptopolitan

At the beginning of 2024, there was a recovery in the price of cryptocurrencies, but recent events have shown that bears are now in control of price dynamics, slowing growth. Solana (SOL), which has seen its value fall by 3.16% today, has also been affected by this trend. 

Our pricing projection indicates that the maximum price for Solana will be $30.78 by the end of 2024. The coin’s value will rise and hit $213.69, its highest level in five years. Future prospects and potential are bright for Solana. We anticipate that Solana will continue to appreciate in value until 2033 when it will reach $855.78 at its highest price.

Year	Minimum	Average	Maximum
2024	$147.33	$151.67	$184.68
2025	$217.12	$224.70	$257.93
2026	$318.46	$329.70	$379.47
2027	$467.27	$483.76	$548.06
2028	$683.50	$702.85	$811.52
2029	$966.39	$1,001.53	$1,181.67
2030	$1,405.19	$1,455.26	$1,670.43
2031	$1,980.98	$2,053.75	$2,478.37
2032	$2,852.51	$2,955.19	$3,476.61
2033	$3,933.72	$4,075.33	$4,777.02

Solana Price Prediction 2024

According to the technical analysis of Solana prices expected in 2024, the minimum cost of SOL will be $147.33. The maximum level that the SOL price can reach is $184.68. The average trading price is expected around $151.67.

Solana Price Prediction 2025

Solana price is forecast to reach a lowest possible level of $147.33 in 2025. As per our findings, the SOL price could reach a maximum possible level of $184.68 with the average forecast price of $151.67.

SOL Price Forecast for 2026

The price of Solana is expected to reach at a minimum level of $318.46 in 2026. The SOL price can reach a maximum level of $379.47 with an average price of $329.70 throughout 2026.

Solana (SOL) Price Prediction 2027

Based on the price fluctuations of Solana at the beginning of 2027, crypto experts expect the average SOL rate of $483.76. Its minimum and maximum prices can be expected at $467.27 and at $548.06, respectively.

Solana Price Prediction 2028

According to our deep technical analysis of past price data for SOL, in 2028, the price of Solana is predicted to reach a minimum level of $467.27. The SOL price can reach a maximum level of $548.06 with an average trading price of $483.76.

 Solana Price Prediction 2029

Cryptocurrency experts are ready to announce their forecast for the SOL price in 2029. The minimum trading cost might be $966.39, while the maximum might reach $1,181.67. On average, it is expected that the value of Solana might be around $1,001.53.

Solana (SOL) Price Prediction 2030

Crypto analysts expect that at the end of 2030, the SOL price will be around $1,455.26. In 2030, the Solana cost may drop to a minimum of $1,405.19. The expected peak value might be $1,670.43.

Solana Price Forecast 2031

The price of Solana is predicted to reach a minimum value of $1,980.98 in 2031. The Solana price could reach a maximum value of $2,478.37 with the average trading price of $2,053.75 throughout 2031.

Solana (SOL) Price Prediction 2032

After the analysis of the prices of Solana in previous years, it is assumed that in 2032, the minimum price of Solana will be around $2,852.51. The maximum expected SOL price may be around $3,476.61. On average, the trading price might be $2,955.19 in 2032.

Solana Price Prediction 2033

The price of Solana is predicted to reach at a minimum level of $3,933.72 in 2033. The Solana price can reach a maximum level of $4,777.02 with the average price of $4,075.33 throughout 2033.

Solana Price Prediction by Coincodex

According to Coincodex’s most recent price estimate. Indicating a moderate degree of investor mood, the Fear and Greed Index is currently at 61. The present market prognosis for Solana is bearish (Greed), nevertheless, according to technical indicators from Coincodex. Solana’s price has fluctuated by 6.25% over the last 30 days, with 18 of the 30 days (or 60%) being upbeat (green).

Looking ahead to the future, Coincodex’s Solana forecast suggests that now might not be the best time to purchase Solana, as the indicators point to negative market sentiment. However, it’s important to consider various scenarios. Under the best-case scenario, assuming significant growth similar to that of Facebook, the price projection for Solana in 2026 is estimated to be $982.75. On the other hand, if Solana follows the expansion pattern of the Internet, the projected price for 2026 would be $112.74.

These projections highlight the potential for significant growth in Solana’s value over time, but it’s essential to note that these estimates are speculative and subject to market dynamics and unforeseen factors. As with any investment, thorough research and careful consideration of market conditions are recommended before making any decisions.

Price Prediction by DigitalCoinPrice

According to the latest forecast from DigitalCoinPrice, it is anticipated that the value of Solana cryptocurrency will experience a significant increase of 234.20% by the end of 2025, reaching $74.02. The Fear & Greed Index is currently at a reading of 8.21, indicating a high level of fear among investors. Additional technical indicators also suggest bearish market sentiment. Based on DigitalCoinPrice’s prediction, it is considered risky to sell Solana at this time.

In April, Solana witnessed a substantial price surge of 110.04%, with the cryptocurrency approaching the $42.61 mark. Presently, all indicators are pointing toward a bearish market trend, and the fear & greed index is registering a high level of concern at 8.21. DigitalCoinPrice’s forecast advises against selling Solana at the moment.

As per the technical indicators, it is projected that the 200-day simple moving average (SMA) will decline and the price of Solana will reach approximately $21.67 by the end of December. This trend is expected to continue in 2024, with the short-term 50-day SMA, indicating a price of $21.65. However, it is important to remember that these projections are subject to market fluctuations and unforeseen circumstances.

Price Prediction by Industry Influencers

The future price of Solana is now expected to increase, achieve higher highs in the upcoming years, and possibly reach a high of $23.83 by the end of mid-year 2024, according to YouTube market researcher Cryptonomics. According to Cryptonomics, the SOL currency will rise and reach a high of $29.84 at the end of 2024.

Solana owners might not be able to keep their currencies in the coming few months, according to CryptoZX. The analyst thinks SOL has excellent potential and strong fundamentals despite the massive fight between the bulls and the bears.

Solana Overview

Solana’s intrigue appears to stem from a perceived quality shift among crypto investors and developers. Is Solana Dead? SOL Resurrects at 114% They only used the opinion that SOL is dead as VC exit liquidity. Is it time to buy?

As a leading Layer-1 network, investors are watching how Solana performs as this network is one of the most vibrant in terms of its non-fungible token volumes, as well as other DeFi-related projects relying on low transaction costs and high speed. Helium’s decision to join the Solana network rather than stick it out indicates blockchains like Solana can cause a stampede. 

Nothing in life is perfect. That means no blockchain is perfect. The valid criticisms of Solana are fundamental to how it works. Solana seems faster and functionally the same as ETH. Here is a healthy discussion about the furor that Solana is Dead. Apparently, it is not currently.

Solana has lost over $50 billion in value since the beginning of 2022, a year marked by outages, overloads, and significant exposure to Sam Bankman-Fried’s FTX exchange.

Solana blockchain (also commonly referred to as Solana protocol) was introduced to compete with the Ethereum blockchain, which brought the current revolution, especially with its smart contract technology that has to go ahead to enable the inventions of decentralized finance (DeFi), Non-Fungible Tokens (NFTs), decentralized applications (DApps), and all the other concepts like yield farming, liquidity mining, staking, etc., that accompany these inventions.

Today, Solana is fulfilling its purpose as more and more people continue adopting cryptocurrency. Its native token SOL is now priced at about $218, 43203.94%, up from its initial price at launch.

The blockchain revolution assured investors of digital coins that would offer privacy and confidentiality through the sturdy cryptographic algorithm that ensures that even if transactions are recorded in the public blockchain network, the identity of the sender and the receiver is always hidden behind some addresses.

Solana is considered one of the most effective, secure, fast, and censor-resistant blockchains worldwide. It offers an open-source infrastructure making it easy for global adoption.

Solana (SOL) Coin Price History

2020

Solana was launched in April 2020 and has gained popularity over the last 18 months. The price of Solana has surged from $0.75 to a high of $214.96 in early September.

2021

Following NFT hype and growing demand in the DeFi community, the price of cryptocurrency Solana or SOL more than tripled during the summer of 2021. Solana (SOL) token became the fastest-growing cryptocurrency and is currently ranked at position five with a live market cap of $66.4 billion. It has overtaken the likes of the once-popular Dogecoin, DAI, DASH, Polkadot, VeChain, Eos, and many others. It is closely behind Binance Coin (BNB) and Tether (USDT).

2022

The collapse of crypto trader FTX in 2022 especially impacted the cryptocurrency, as FTX and its sister firm Alameda Research sold a large amount of the coin in order to avoid bankruptcy.

Solana’s price briefly surged to a four-week high of $38.48 on 6 November 2022 after Google Cloud announced it had become a validator on the blockchain. Google Cloud has been working with @solana to bring Blockchain Node Engine to the Solana chain next year, so it will be easy for anyone to launch a dedicated Solana node in the cloud.

Also Read:

• How To Buy Solana?
• Mila Kunis` production company launches a Solana NFT-centered
• Civic Technologies unveils an anti-bots tool on the Solana network

More on Solana

What do I have to know about the Solana network?

The main thing about the Solana network is an innovative blockchain system. The main aims of this system are security and decentralization. Sol token has also soared and added significant gains to its bag in this situation.

What is the mission of the Solana project?

Solana Blockchain aims to make the situation convenient for decentralized apps and democratize the global financial setup. It provides a high-speed blockchain system that facilitates speedy transactions and secure communication.  

What is Proof-of-History in Solana?

Proof-of-history in Solana is derived from Proof-of-Stake. It is one of the innovative additions to the Solana blockchain that relays more on time-based on the happening of a specific action. Using this protocol, Solana makes it possible to keep a historical record of the transaction. 

Where to store SOL

Once you purchase SOL coins, store them in a secure place. Most of the exchanges where you can buy SOL offer in-built crypto exchange wallets. Other wallets that allow storage of SOL coins include the atomic wallet and Ledger hardware wallet.

What blockchain projects are on Solana?

Solana has smart contracts functionality, and a blockchain developer can develop and deploy a decentralized application (DApp) on the blockchain. Several blockchain projects have been launched on Solana, and they have also contributed to Solana’s fortunes. These blockchain projects include:

• Solana Beach — a Solana blockchain explorer.
• UPFI — a stablecoin.
• Phantasia — a fantasy sports platform.
• HydraSwap — a DEX.
• CropperFinance — a yield farming service.

Conclusion

Solana has proved that blockchains can be environmentally friendly, fast, and cheap. Solana Pay is the future of payments. The blockchain is cutting out the path for future developments in the blockchain space. Solana, with its innovative features, rivals those of Bitcoin and Ethereum. It also has a vast community. These advantages will propel Solana’s market capitalization to the top.

Solana has had a good run since its inception. Its blockchain rivals that of Ethereum and Bitcoin because it is environmentally safe, has low transaction costs, and is relatively very fast. This saw Solana perform very well at the beginning of the year before crypto prices began going down.

The question is whether SOL suffered long-term damage due to the FTX turmoil or only saw a temporary correction. Aside from the FTX fallout, SOL is still vulnerable to the risks associated with all cryptocurrencies, such as broader economic uncertainty and an inconsistent regulatory framework. SOL was hit harder than other digital currencies because of its connection to FTX, but its ecosystem is robust, and its developers continue to innovate.

Indeed, SOL was launched as an innovative cryptocurrency. Its developers have laid out ambitious plans, such as smartphones with built-in, Solana-connected crypto wallets and a fee-free store for decentralized applications. There is also a collaboration with Alphabet, the parent company of Google.

This partnership has resulted in developments such as Google Cloud becoming a validator to assist with processing Solana network transactions and a storage agreement that will increase developer accessibility to Solana data. Overall, even though SOL has experienced some unfavorable headwinds, it will likely continue to appeal to investors learning about cryptocurrency investing in the long run.

Solana Labs was once accused of irregular sales of its initial sales before being publicly available. If the news is anything to go by, it may impact Solana’s development, just like the lawsuit on XRP. Even though we are bullish on Solana, it is advisable to do your research before investing in this cryptocurrency.