Bitcoin is the original and most popular crypto to date, but it is not the only coin in the market. With an estimated 500 million Bitcoin owners fighting over the limited stock, other cryptos are rising in value. Our predictions will help you gauge which coins are worth investing in over the next 10 years.
What is Solana?
Solana (SOL) is most known for its efficiency and its speed. This blockchain platform was originally launched in 2017 and is now one of the biggest cryptocurrencies in the world. It offers smart contract capabilities which have allowed it to grow rapidly in comparison with its rivals. Its main draw is that it happens to be much cheaper than other coins and it uses proof of history which differs from other platforms.
Solana's Recent Updates and Price Changes
(SOL) Solana has dropped several percentage points in recent weeks, but considering the state of the market, this is not alarming. Savvy investors can take advantage of the temporary price drop to make some short-term gains. The supply is relatively stable with a market capitalization close to $5 billion dollars. Although the coin has dropped by close to 60% in the last quarter, those losses have slowly started to rebound as the market stabilizes.
Solana Price Prediction for 2023- 2026
The highest price expected for 2023 is $36, but the following year will be high around the $50 mark. The middle range for 2024 is set to be about $42 which is not a bad margin. For 2025 the coin is predicted to experience a modest gain with an average price topping out at $59. 2026 however will see significant movement with the low price coming in at $68. If things are going exceptionally well, 2026 could see coin prices around the $76 dollar mark.
Solana Price Prediction for 2027- 2029
As more investors join the crypto market, Solana coin values will also improve. Regulation is expected to stabilize by 2027 which can see the coin into mid-range prices of around $85. 2028 will continue to exhibit growth with lows predicted to hit $99 but the high for the same year will be a modest $103. The next year, 2029 will trigger SOL to rally with a bottom of $108 and a high of $116.
Solana Price Prediction for 2030- 2033
In 2030 Sol will hit its stride with an ATH of $130, even if a low bottoms at $121, the gains are considerable. 2031 is expected to follow the same upward trend with an average price of close to $141. 2032 will be a bit more modest as the market floods with new investors. The low rates are predicted to fall around $148 with mid-ranges closer to $152. The following year in 2033 however a surge is expected. SOL coin prices may hit as high as $170 as long as the market remains stable.
Can You Still Make Money With Solana?
As a technological leader, Solana is set to make impressive moves over the next 10 years. Based on its market cap, it is among the top 100 cryptos in the world. As the popularity of the Solana coin grows, so does the potential for impressive gains. Predictions indicate that SOL is still worth investing in if you are looking for long-term gains.
Disclaimer: The crypto-currency market suffers from high volatility and occasional arbitrary movements. The information listed here is not financial or investing advice. Readers should research various viewpoints and check local regulations before committing to an investment. Nothing written above is to be considered as trading or investment recommendations.