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As crypto investors, we are always keeping an eye on the latest prices of our favourite currencies. It’s important to stay up-to-date so that we can make informed decisions about where to invest our money. So, today, we want to talk about the price of Solana (SOL). In this article, we’ll dive into the Solana price prediction for 2023, 2025 and 2030.
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What Is Solana?
The advent of the network dates back to 2017. Anatoly Yakovenko and co-founder Greg Fitzgerald created the network.
Solana brought life through the proof of history PoH network with a significant focus on empowering scalability and transaction speeds which makes Solana unique from the rest.
Solana has come a long way since its testnet in 2018. To presently hold significant dominance in utility. SOL price is currently up an astonishing 18969.83% since its first known price tag. Other cryptocurrencies, such as Polygon, Near Protocol, and Avalanche, are some of the top competitors of Solana, having similar technology.
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Solana Price Analysis
In this Solana price prediction, we will examine the recent trading volumes and delve into the potential impact of whale activity on Solana’s price movement.
Solana (SOL) is attracting attention due to its impressive transaction volumes and positive developments in the NFT sales sector.
DeFiLlama says Solana ranks sixth in weekly decentralized exchange (DEX) volume, experiencing a remarkable 84% surge.
Solana’s growth is noteworthy with over $57 billion in accumulated volume and a 24-hour transaction volume exceeding $43 million.
The trading volume of NFTs on Solana has also witnessed a significant rise, as reported by Sentiment.
Although there has been a slight decline recently, the USD volume for NFTs remains considerably higher compared to the previous year, currently approaching $3 million.
According to recent data from CoinGlass, the overall sentiment towards Solana has been positive in recent weeks.
Currently, the weighted funding rate on CoinGlass is positive across different exchanges, indicating an expectation of a price increase for Solana and a prevalent preference for long positions.
The positive sentiment and long position preference paint a favorable outlook for Solana’s future.
This news can positively impact Solana’s coin, as it signals increased investor confidence and an anticipation of price growth, which may attract more buyers and potentially drive up its value.
Overall, Solana has been garnering increasing attention as it recently rebounded following a minor decline last month.
It swiftly recovered as buyers entered the market when the price was below $15, resulting in a 48% increase from its lowest point in June.
As of now, Solana is priced at $19.73, with a 24-hour trading volume of $956,434,147.
Solana Price Prediction 2023
The Solana network’s transaction speeds and success rate are still at par with several rivals. According to Sol Scan, the success rate of Solana’s transactions has remained relatively above 75% in most cases, which comes in light of the congestion in Solana’s network.
Suppose Solana’s price prediction manages to sail across the challenges of the crypto-verse while fixing the consensus issues. The price of SOL might escalate upwards of $36.87.
On the flip side, if the asset remains more vulnerable to inflation and other torments, the price could settle at $22.18.
Successively, a balance in buying and selling pressures could land the price at $29.68.
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Solana Price Prediction 2025
If Solana encourages newer upcoming startups, it could be a new competitor for other cryptocurrencies. Also, if Solana outgrows Ethereum in the coming years, it might bang at significant highs. On this note, the Solana price prediction may strike its maximum at $86.97.
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New regulations in the future can afflict the price movements, and thereby a possible low might be in hand for SOL.
If this happens, a slight pullback can draw the SOL price to $54.92 by the end of 2025.
Considering the bullish and bearish targets, the average price might be $70.54.
Solana Price Prediction 2030
By 2030, Solana will finally surpass its previous ATH values and record new price levels. The minimum price could be $123.63 and potentially reach a maximum price value of $131.36, averaging out at $126.72.
However, please know the forecast figures are generated using our price prediction tool and in that matter, not a guarantee, that the actual price action will follow what we mentioned. Forecasts are not immune to changing circumstances and will be updated with new developments. Always do your own research and evaluate all necessary factors before making any investment.
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Where Can I Buy Solana (SOL)?
Notable options for purchasing Solana include Binance, BTCC and Coinbase. Among these, BTCC is one of the best exchanges as it witnesses a large trading volume of SOL. Compared to Binance, BTCC has no regulatory concerns and is available in U.S., Canada and many other countries in Europe. Furthermore, BTCC exchange is highly recommended due to its favourable attributes such as extremely low fees, user-friendly interface, excellent customer support, and robust security measures with no reported hacks or security breaches to date.
In order to trade SOL/USDT on BTCC, you need to first register an account. And you need to have some USDT in your crypto wallet, or you can directly buy it on BTCC. Once you have USDT, you can trade SOLUSDT Perpetual Contracts on BTCC with a leverage up to 50x. The transaction is safe, cheap, and fast with VERY easy steps. You can also choose to deposit SOL with a minimum single deposit of 12SOL.