How much is SOL worth?
As of now, Solana (SOL) is valued at $18.33, with a 24-hour trading volume of $618,897,839. SOL has seen a decrease of 5.83% in the last 24 hours. It holds the current CoinMarketCap ranking of #9, boasting a live market cap of $9,473,881,101. The circulating supply of SOL coins is 418,890,490, with the maximum supply remaining undisclosed.
Solana Price Analysis
SOL shows bearish dynamics as the price reached $18.33. The key points are:
- Solana has shown bearish sentiment in the past 24 hours.
- Resistance for SOL prices is present at $19.57.
- Support for SOL/USD is present at $18.25.
Solana price analysis reveals that the market is bearish for today as the price is trending downwards. The SOL/USD pair is trading at $18.33 after a decrease of 5.83% during the last 24 hours. The price of SOL has been consistently bearish in the past few hours, dropping from $19.57 to the current price of $18.33. However, the market started to increase earlier today, and the price cracked above $19.55, but bears quickly dragged the price back down to its current level, and the trend is expected to continue as the resistance at $19.57 is solidified. The overall market sentiment is bearish, and the price of SOL could see a significant decrease in the near future if it doesn’t break above $19.57.
Solana Price Analysis – 1-day chart
The 1-day Solana price analysis shows that the market is bearish and the price of SOL has dropped by 5.83 percent from its opening value. The sellers are dominating the market and have established a strong resistance at $19.57, which is preventing SOL from making any gains. The price of SOL has dropped below the $18.33 level and is expected to continue its bearish run in the near future.
Solana’s price analysis shows the Relative Strength Index (RSI) to be 37.44, signifying that the asset is oversold. The MACD indicators are also bearish, indicating a further decrease in SOL prices. The histogram of the MACD indicator shows a bearish crossover, which could lead to an even further decrease in prices if the current trend continues. The EMA 50 has also dropped below the EMA 200, indicating a bearish trend in the near future.
Solana Price Analysis – 4-hour chart
The 4-hour Solana price analysis shows that the volume of SOL has decreased significantly in the past few hours, which indicates that bears are dominating the market. The selling pressure is strong, and SOL/USD could see a major decrease if it fails to break above $19.57. The support level for SOL is established at $18.25, and if the price falls below that level, it could see an even sharper decline.
The EMA 20-day and EMA 50-day have also crossed above the EMA 200, which suggests that bears will remain in control of the market for a while. The Relative Strength Index (RSI) is currently at 31.81, indicating that the asset is oversold, which could lead to a minor rebound before it continues its bearish run. The MACD indicators are also bearish and show no signs of reversal as yet. This suggests that bearish pressure is likely to continue in the near future.
What to expect from Solana price analysis
Overall, Solana’s price analysis reveals that the market is bearish and SOL prices will likely continue declining. The bears are dominating the market with low volumes, which suggests that they will remain dominant in the near future. The prevailing market conditions exhibit a downward trajectory, suggesting the possibility of further price depreciation in the future as the bears remain in control. Investors should also keep a keen eye on the support and resistance levels, as these will help determine which direction SOL prices are headed in.
Solana Price Predictions 2023–2032
Price Predictions by Cryptopolitan
At the beginning of 2023, 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 2023. 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 2032 when it will reach $855.78 at its highest price.
Solana (SOL) Price Prediction 2023
According to the technical analysis of Solana prices expected in 2023, the minimum cost of Solana will be $26.39. The maximum level that the SOL price can reach is $29.22. The average trading price is expected around $27.29.
Solana Price Prediction 2024
Based on the price fluctuations of Solana at the beginning of 2024, crypto experts expect an average SOL rate of $38.89. Its minimum and maximum prices can be expected to be $37.79 and $45.67, respectively.
Solana Price Prediction 2025
According to our deep technical analysis of past price data for SOL, In 2025, the price of Solana is forecasted to be at around a minimum value of $54.00. The Solana price value can reach a maximum of $66.56, with an average trading value of $55.94.
Solana Price Prediction 2026
After the analysis of the prices of Solana in previous years, it is assumed that in 2026, the minimum price of Solana will be around $81.45. The maximum expected SOL price may be around $93.51. On average, the trading price might be $83.69 in 2026.
Solana Price Prediction 2027
The price of Solana is predicted to reach a minimum level of $116.22 in 2027. The Solana price can reach a maximum level of $140.08, with an average price of $120.41 throughout 2027.
Solana Price Prediction 2028
Based on the technical analysis by cryptocurrency experts regarding the prices of Solana in 2028, SOL is expected to have the following minimum and maximum prices: about $157.02 and $201.58, respectively. The average expected trading cost is $157.05.
Solana Price Prediction 2029
The price of Solana is predicted to reach a minimum value of $222.58 in 2029. The Solana price could reach a maximum value of $276.97 with an average trading price of $230.68 throughout 2029.
Solana Price Prediction 2030
As per the forecast and technical analysis, In 2030, the price of Solana is expected to reach a minimum price value of $320.36. The SOL price can reach a maximum value of $382.50, with an average value of $331.89.
Solana Price Prediction 2031
Based on the analysis of the costs of Solana by crypto experts, the following maximum and minimum SOL prices are expected in 2031: $547.50 and $450.56. On average, it will be traded at $463.84.
Solana (SOL) Price Prediction 2032
Solana price is forecast to reach the lowest possible level of $657.26 in 2032. As per our findings, the SOL price could reach the maximum possible level of $767.28, with an average forecast price of $680.46.
Coincodex Price Prediction
The value of Solana is expected to increase by 8.58% and reach $22.68 by April 13, 2023, 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.
DigitalCoinPrice Price Prediction
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 December 2023 and 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.
Industry Influencers Price Predictions
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 2023, 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 2023.
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. By December 2023, it is predicted that Solana will have a maximum price of $27.21.
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.
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.
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.
This had all but evaporated by the end of 2022, as a price of 21.99 U.S. dollars for SOL on May 07, 2023, was similar to the price of Solana in early 2021.
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.
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.
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