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Market Cap
$ 4,935,144,891
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Total Volume
$ 277,997,510
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24 Hour
-0.35%
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7 Day
-7.14%
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Solana Price Prediction, will SOL’s price hit $227.49?

Solana price prediction, SOL’s price has dumped by -0.35% in the last 24 hours
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Solana
Price Prediction
Solana, SOL could hit $227.49 in 2023
Solana’s price prediction for the most bearish scenario will value SOL at $10.84 in 2023
Solana’s previous All Time High was on 6th November 2021 where SOL was priced at $259.96

Solana’s price at the same time last week was $14.59. It has moved by -7.14% in the past week and is currently at $13.55. Infact, in the past 24 hours, SOL has dumped by -0.35%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and SOL could hit $227.49 in 2023.

The total circulating supply of Solana as of writing this article was $363711041.25 and the marketcap of SOL remains at $4,935,144,891.

Disclaimer

For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.

About Solana

What is Solana?
 

In expediting much-needed efforts to solve the problems of scalability and transaction costs, Anatoly Yakovenko founded the Solana platform in 2017.

 

At its core, Solana is a blockchain built for mass adoption. The platform prides itself in claiming to be fast, composable, green, and globally distributed.
 

Solana’s blockchain architecture is designed to accommodate smart contracts and decentralized applications (dApps) creation. The platform serves the needs of an array of decentralized finance (DeFi) platforms and non-fungible token (NFT) marketplaces.

 

After going through a series of funding rounds, Solana's Mainnet went live in 2020. Its efforts aspiringly aim to solve the blockchain trilemma. However, in doing so, Solana could see some setbacks on the front of 'centralization.'

 

Solana (SOL) combines Proof-of-Stake with Proof-of-History (PoH), creating a unique hybrid consensus mechanism. Its innovative approach to technology has gained significant traction in the market. To top this off, the low transaction cost has made it practical for the stakeholders to frequently transact on its blockchain.

 

While the platform's utility and throughput architecture seem quite impressive, let's take a look at SOL's path until now and the roadmap ahead to make sense of its future prospects.

 

SOL's trajectory


SOL is a cryptocurrency that is native to the Solana blockchain. The primary use of SOL lies in its compensation for Solana clusters for validating the transactions. In addition to this, SOL holders can stake their tokens to earn APY rewards.  

 

The cryptocurrency soared by over 13,000% in 2021 after its remarkable buying spree. During this bullish run of 2021, it rose to its ATH of $258.93 on 6 November. 

 

Much like its peer altcoins, 2022 has not been quite motivating for SOL investors as we grapple through the bear market. Moreover, post the recent hack on its blockchain, thousands of users reported a loss of their funds amounting to over $8 million.

 

The project has successfully attracted the interest of both retail and institutional investors across the globe. In fact, as we sail through the bear market, the institutional investors have still kept their holdings intact, as per CoinShares's report.
 

Can SOL breach the $50-mark?


In a recent interview, Sam Bankman-Fried claimed that he believes SOL to be relatively undervalued. A deeper look into its ecosystem could aid us in forming an informed opinion.
 

To determine the possibilities of SOL breaking its immediate resistance on its weekly chart, let's take a look at some of its ecosystem updates and hurdles that could help us gauge the coin's potential.

  • SOLANA PAY

Solana Pay is a digital payments platform that offers businesses and customers instantaneous, free-of-cost transactions that reportedly have zero effect on the environment by harnessing the power of the Solana network.
 

The core premise behind Solana Pay is that the payment and underlying technology go from being a necessary service utility to a true peer-to-peer communication channel between the merchant and consumer.
 

The protocol provides a specification that allows the consumer to send digital dollar currencies, such as USDC, from their wallet directly into the merchant’s account, settling immediately with costs measured in fractions of a penny. In essence, businesses can harness the power of Solana’s blockchain at the same speed as traditional payment networks.
 

In their endeavour to redefine the world of commerce, Solana could see heightened consumer interest transpire in the form of increased dApp activity. These developments would affect investor perception and help SOL register sizeable gains in the coming times.

  • BLOCKCHAIN GAMING

As the blockchain gaming space continues to grow at an exponential rate, GameFi projects have been on a consistent rise. To cater to the ever-growing need for an effective architecture for blockchain games, Solana is doubling down on its efforts to bring 'web 3 games at web 2 speed.’

 

While building the games of the future at the speed of the internet, Solana’s high throughput and low fees make a conducive environment for game developers.

 

Recently, Solana Ventures and the Solana Foundation formed a $100-million fund to help support the growth of NFT, blockchain gaming, and DeFi projects in South Korea.
 

After establishing its foothold in the DeFi space, NFT marketplaces, and other web3 apps, the uptick of the gaming projects on its blockchain would boost the token's utility even more.

  • NFT SALES

An analysis of the total Blockchain-wise NFT sales volume over the last 30 days would reveal that Solana is at the second position. 
 

The blockchain registered a month-on-month increase of over 18%. Ethereum, on the other hand, saw a decline of 23.75% during this timeframe. The recent spike in these NFT volumes ultimately renders SOL to be more useful while revealing the underlying growth of its NFT projects.
 

Also, Meta's intentions to include Solana-based NFTs on Instagram reignites recovery hopes for the token.

Solana (SOL) Price Analysis

From over three months, SOL chalked out a sideways trajectory on its weekly chart. After finding reliable rebounding grounds in the $26-$29 range for over 16 months, the buyers can now endeavour to retest the immediate resistance level on the weekly chart.

 

SOL Weekly Chart

 

Meanwhile, the sellers have ensured a position below the 20 EMA (blue) and the 50 EMA (cyan) to depict a rather long-term bearish edge. Since its ATH in November last year, SOL has declined in a descending channel on this timeframe.

 

Investors can expect the $26-$29 range to reignite the near-term buying inclinations. A compelling ongoing reversal from this range can position SOL to breakout out of its down-channel. In these circumstances, SOL could test the $48 resistance before committing itself to a trend. A close above the pattern would hint at buying triggers.

 

Any decline below the $26-mark would position the coin for an extended downside for Q4.

 

The Relative Strength Index (RSI) continued to display the bearish edge in its over-extended sway below the midline. Sustained growth from its oversold mark can confirm a bullish divergence with the price.

 

Also, the Chaikin Money Flow (CMF) registered higher troughs as it bullishly diverged with the alt's price action. A hike above the zero-mark would confirm the prevailing bullish bias for SOL.
 

Should you consider buying SOL?


In view of the consistent innovations within the blockchain in the form of SOL Pay and increased activity in the GameFi and NFT space, investor sentiment could improve.
 

Alas, one has to consider the issues with the recent outages due to the blockchain’s crash-prone architecture. A few more of these could worsen the near-term price-pumping prospects.
 

The buyers could wait for a close above the ascending channel to confirm their near-term bullish bias. To alter the broader sentiment, SOL still needs to find a way to topple the constraints of the 20 EMA and the $48 resistance.

Solana Price Prediction

Solana has had an eventful 2021. To simplify the latest SOL price prediction, we have divided up the prediction by short term Solana price prediction and long term Solana price prediction. As of writing this article, SOL had a trading volume of $277,997,510. Solana has gone down by -57.97% in the past 30 days.

According to our analysis in the short term, Solana price prediction for February 2023 shows the average price of SOL at $194.31 and the highest possible price for February 2023 would be $207.92.

Further, according to our analysis in the long term, Solana price prediction for June 2023 shows the average price of SOL at $213.27 and the highest possible price for June 2023 would be $228.20.

Solana's Short Term Price Prediction

DateAvg PriceLowest PriceHighest Price
3 Dec 2022$14.79$13.75$15.82
4 Dec 2022$14.75$13.72$15.78
5 Dec 2022$14.77$13.74$15.81
6 Dec 2022$15.22$14.15$16.28
11 Dec 2022$17.16$15.96$18.36
16 Dec 2022$19.49$18.13$20.85
26 Dec 2022$25.63$23.84$27.43

Solana price prediction 3 Dec 2022: Solana’s price for 3 Dec 2022 according to our analysis should range between $13.75 to $15.82 and the average price of SOL should be around $14.79.

Solana price prediction 4 Dec 2022: Solana’s price for 4 Dec 2022 according to our analysis should range between $13.72 to $15.78 and the average price of SOL should be around $14.75.

Solana price prediction 5 Dec 2022: Solana’s price for 5 Dec 2022 according to our analysis should range between $13.74 to $15.81 and the average price of SOL should be around $14.77.

Solana price prediction 6 Dec 2022: Solana’s price for 6 Dec 2022 according to our analysis should range between $14.15 to $16.28 and the average price of SOL should be around $15.22.

Solana price prediction 11 Dec 2022: Solana’s price for 11 Dec 2022 according to our analysis should range between $15.96 to $18.36 and the average price of SOL should be around $17.16.

Solana price prediction 16 Dec 2022: Solana’s price for 16 Dec 2022 according to our analysis should range between $18.13 to $20.85 and the average price of SOL should be around $19.49.

Solana price prediction 26 Dec 2022: Solana’s price for 26 Dec 2022 according to our analysis should range between $23.84 to $27.43 and the average price of SOL should be around $25.63.

Solana's Long Term Price Prediction

Solana’s long term Price Prediction below is a look at SOL’s future prospect with regards to price. Solana was last seen at $13.55, with a market cap of $4,935,144,891 and trading volumes of $277,997,510. SOL’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.

YearsAvg PriceLowest PriceHighest Price
2023$189.57$151.66$227.49
2024$246.45$197.16$295.74
2025$320.38$256.30$384.46
2026$416.49$333.20$499.79
2027$541.44$433.15$649.73
2028$703.88$563.10$844.65
2029$915.04$732.03$1098.05
2030$1189.55$951.64$1427.46
2031$1546.42$1237.13$1855.70
2032$2010.34$1608.27$2412.41
2033$2613.44$2090.75$3136.13

Solana price prediction 2023: Solana’s price for 2023 according to our analysis should range between $151.66 to $227.49 and the average price of SOL should be around $189.57.

Solana price prediction 2024: Solana’s price for 2024 according to our analysis should range between $197.16 to $295.74 and the average price of SOL should be around $246.45.

Solana price prediction 2025: Solana’s price for 2025 according to our analysis should range between $256.30 to $384.46 and the average price of SOL should be around $320.38.

Solana price prediction 2026: Solana’s price for 2026 according to our analysis should range between $333.20 to $499.79 and the average price of SOL should be around $416.49.

Solana price prediction 2027: Solana’s price for 2027 according to our analysis should range between $433.15 to $649.73 and the average price of SOL should be around $541.44.

Solana price prediction 2028: Solana’s price for 2028 according to our analysis should range between $563.10 to $844.65 and the average price of SOL should be around $703.88.

Solana price prediction 2029: Solana’s price for 2029 according to our analysis should range between $732.03 to $1098.05 and the average price of SOL should be around $915.04.

Solana price prediction 2030: Solana’s price for 2030 according to our analysis should range between $951.64 to $1427.46 and the average price of SOL should be around $1189.55.

Solana price prediction 2031: Solana’s price for 2031 according to our analysis should range between $1237.13 to $1855.70 and the average price of SOL should be around $1546.42.

Solana price prediction 2032: Solana’s price for 2032 according to our analysis should range between $1608.27 to $2412.41 and the average price of SOL should be around $2010.34.

Solana price prediction 2033: Solana’s price for 2033 according to our analysis should range between $2090.75 to $3136.13 and the average price of SOL should be around $2613.44.

A Historical look at Solana, SOL’s price:

SOL/USD Pair

SOL
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USD
2 December 2020
1.98
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SOL
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USD
2 December 2021
229.45
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11575.95
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SOL
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USD
2 December 2022
13.55
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5.91
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SOL/EUR Pair

SOL
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EUR
2 December 2020
1.64
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SOL
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EUR
2 December 2021
202.71
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12346.63
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SOL
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EUR
2 December 2022
12.95
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6.39
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FAQs about Solana

What is price of Solana as of today 2nd December 2022?

Solana’s current price is $13.55 and witnessed a -0.35% decrease in the past 24 hours. SOL/BTC pair saw a -0.30% decrease in the past 24 hours.

Is SOL a good investment?

Investing in Solana, SOL will purely depend on your personal risk appetite. As you can see over the past 24 hours Solana’s price has witnessed a -0.35% decrease and over the past 30 days Solana has decreased by -57.97%. So it all depends on if this investment will hit your trading goals.

How high can Solana’s price go this year in 2022?

According to our latest Solana Price prediction for 2022, SOL should vary between $37.43 and $24.95 Please keep in mind that the crypto market is very volatile and this Solana price prediction does not account for extreme wild swings in price.

How much will Solana be worth in 2022?

As per the Solana price prediction undefined model above, SOL’s price for undefined should range between $undefined to $undefined with the average price for undefined being $undefined.

How much will Solana be worth in 2023?

According to the Solana Price Prediction model above, SOL’s price in 2023 would be $189.57. This price would however would range from $227.49 and $151.66.

How much will Solana be worth in 2024?

According to the Solana Price Prediction model above, SOL’s price in 2024 would be $246.45. This price would however would range from $295.74 and $197.16.

How much will Solana be worth in 2025?

According to the Solana Price Prediction model above, SOL’s price in 2025 would be $320.38. This price would however would range from $384.46 and $256.30.

How much will Solana be worth in 2026?

According to the Solana Price Prediction model above, SOL’s price in 2026 would be $416.49. This price would however would range from $499.79 and $333.20.

How much will Solana be worth in 2027?

According to the Solana Price Prediction model above, SOL’s price in 2027 would be $541.44. This price would however would range from $649.73 and $433.15.

How much will Solana be worth in 2028?

According to the Solana Price Prediction model above, SOL’s price in 2028 would be $703.88. This price would however would range from $844.65 and $563.10.

How much will Solana be worth in 2029?

According to the Solana Price Prediction model above, SOL’s price in 2029 would be $915.04. This price would however would range from $1098.05 and $732.03.

How much will Solana be worth in 2030?

According to the Solana Price Prediction model above, SOL’s price in 2030 would be $1189.55. This price would however would range from $1427.46 and $951.64.

How much will Solana be worth in 2031?

According to the Solana Price Prediction model above, SOL’s price in 2031 would be $1546.42. This price would however would range from $1855.70 and $1237.13.

How much will Solana be worth in 2032?

According to the Solana Price Prediction model above, SOL’s price in 2032 would be $2010.34. This price would however would range from $2412.41 and $1608.27.

How much will Solana be worth in 2033?

According to the Solana Price Prediction model above, SOL’s price in 2033 would be $2613.44. This price would however would range from $3136.13 and $2090.75.

What was the highest price of Solana?

The highest price for Solana was recorded in 6th November 2021 during which SOL hit an All Time High of $259.96

What is the price of 1 Solana?

The price of 1 Solana according to current market rate is $13.55