Category: Crypto News, News

Can SOL Reach $500 by 2024

By Published On: July 10, 20246.4 min readViews: 600 Comments on Can SOL Reach $500 by 2024

Story Highlights

  • The current price of Solana crypto is .
  • Solana price could reach a potential high of $500 by the end of 2024.
  • SOL price, with a potential surge, could go as high as $1,672 by the end of 2030.

With the market struggling to sustain momentum, Solana’s price continues to hover close to its $150 psychological mark. Further, the increasing volatility in the overall market warns of sharp moves in the SOL price trend.

However, Solana is ready for a boost if the bullish trend regains momentum with the network growth. Further, with the overall market recovery trend anticipating an altcoin season, the SOL price is setting its eye near $500 in 2024.

Under such market conditions, the crypto investors are wondering about “Is Solana going to go up?” or “How high can Solana go?”

Well, to answer such questions, we bring to you our Solana price prediction for 2023-2030. We’ll address these questions using our various analyses, market sentiments, and regular updates in the crypto world. 

Overview

Cryptocurrency Solana
Token
Price
Market Cap
Trading Volume
Circulating Supply
All-time High $260.06 Nov 07, 2021
All-time Low $0.5052 May 12, 2020
24 High
24 Low

Solana News Update

  • To encourage conventional businesses to use the Solana blockchain, a set of 13 innovative features, known as token extensions, has been introduced. These features offer enhanced control and adaptability for businesses regarding the tokens they create.
  • Solana-based Jupiter Announces 1 Billion JUP Token Airdrop

Solana Price Prediction July 2024

With the ongoing bearish price action in the cryptocurrency market, the SOL price has recorded a jump of over 1% with a trading volume of $2.060 Billion, a change of -34.76%. Moreover, the Solana crypto has dropped 0.42% within the past seven days and has plunged 10.24% over the past 30 days.

TradingView: SOL/USDT

The technical indicators, SMA and RSI record a rising bullish sentiment in the 1D time frame. This highlights a high possibility of a bullish reversal for this altcoin during the upcoming weeks.

If the market regains momentum, the bulls will prepare the Solana price to head toward its upper resistance level of $181.50 during the upcoming weeks. However, bearish price action could pull the SOL coin price toward its low of $127 this month.

Solana Price Prediction Potential Low ($) Average Price ($) Potential High ($)
July 2024 $127 $155.75 $181.50

Solana Price Prediction 2024

Overall, the 2023 year has been positive for the Solana coin price. Despite the frequent hiccups, the Solana coin price has grown 27,802.58% since its all-time low (ATL).

Come to my page!

With the completion of the Bitcoin Halving event in April 2024, Solana coin price is expected to boom in the coming month. Moreover, with the high chances of an altcoin season coming along, the bull run chances improve significantly.

If the uptrend sustains, the bullish trend in Solana coin price can end the year on a high note. SOL prices and other altcoins demonstrate remarkable resilience. Further, Solana’s prices have continued to rise, defying bearish expectations and showcasing the underlying bullish confidence.

If Solana manages to sail across the challenges of the crypto-verse while fixing the consensus issues. Continuing on the progressive road, the SOL coin prices can end in 2024 at a high of $500. 

On the flip side, if the sentiments fail to improve, the altcoin could settle at $90. 

Solana Price Prediction Potential Low ($) Average Price ($) Potential High ($)
Solana price prediction 2024 $90 $145 $500

Solana price prediction 2025

If Solana encourages newer upcoming startups, it could be a new competitor for other cryptocurrencies in the market. Also, in the coming years, if Solana outgrows Ethereum, it might bang at significant highs. On this note, the SOL price may strike its maximum at $750. 

New regulations in the future can afflict the price movements, and thereby, a possible low is set for the SOL coin price. If this happens, then a slight pullback can draw Solana to $209.91 by the end of 2025. Considering the bullish and bearish targets, the average price might land at $579.95. 

Solana Price Prediction Potential Low ($) Average Price ($) Potential High ($)
2025 209.91 579.95 750

Solana Price Prediction 2026 – 2030

Solana Price Prediction Potential Low ($) Average Price ($) Potential High ($)
2026 357.68 624.315 886.35
2027 480.61 761.615 942.61
2028 645.67 888.335 1,076.84
2029 808.54 1,156.305 1,224.97
2030 987.9 1,359.165 1,672.15

Solana Price Prediction 2026:

By the Solana Price Prediction 2026, the potential low price for SOL is $357.68, with an average price projected at $624.315 and a potential high of $886.35.

SOL Price Prediction 2027:

Moving on to Solana Price Prediction 2027, the potential low price for SOL is estimated at $480.61, while the average price is predicted to be around $761.615. The potential high price for SOL in 2027 is projected to reach $942.61.

Solana Price Prediction 2028:

As per the Solana Price Prediction 2028, the potential low price for SOL is expected to be $645.67, with an average price of $888.335. Further, the potential high price for SOL during this year is projected to reach $1,076.84.

SOL Coin Price Prediction 2029:

Looking ahead to 2029, the Solana Price Prediction forecasts a potential low of $808.54, with an average price of $1,156.305. Moreover, the potential high price for SOL in 2029 can reach $1,224.97.

Solana Coin Price Prediction 2030:

Finally, by the year 2030, Solana Price Prediction estimates a potential low at $987.9, with an average price of $1,359.165. The potential high price for Solana in 2030 is projected to reach $1,672.15.

Solana (SOL) Price Prediction 2024- 2030

Market Analysis

Solana Price Prediction 2024 2025
Gov Capital $212.19 $227
DigitalCoinPrice $63.11 $92.62
Long Forecast $36.83 $22.19

Raoul Pal’s Bold Prediction: Solana Price Prediction Of A Potential 20x Rally:

Raoul Pal, founder of Real Vision, predicts a potential 20x rally for Solana. He attributes this to Solana’s advanced blockchain technology, growing ecosystem, and rising investor interest. 

If Pal’s prediction holds, Solana’s price could exceed $400 in the coming months, a significant surge from its previous peak. Despite market trends, Solana has shown resilience, maintaining a strong performance with consistent buying pressure.

CoinPedia’s Solana (SOL) Price Prediction

With the improving network conditions of Solana and the slow but steady rise in the DeFi sector, the SOL prices project a bullish future.

According to CoinPedia’s formulated SOL price prediction, the price might surge to $500 in 2024. On the flip side, a failure to sustain recovery will plunge Solana prices to $90 by the end of 2024. 

We expect the SOL coin price to reach $500 by the end of 2024.

Solana Price Prediction Potential Low ($) Average Price ($) Potential High ($)
2024 $90 $170 $500

Solana (SOL) Coin Historical Market Sentiment 2020 – 2023

Also, Read Coinpedia’s Price Analysis with the latest content on the recent market trend that enables you to get closer to the price movements & actions of the various cryptocurrencies.

FAQs

Will Solana reclaim its crown of being an Ethereum killer?

Solana with its strengths in fundamentals still holds significant prominence. That said, we can expect its glory to shine brighter with resolutions to shortcomings.

How high can Solana price go by the end of 2024?

The digital asset could surge as high as $500 by the end of 2024.

Will Solana enter the top-5 cryptos in terms of market capitalization by 2024?

Solana holds the potential to climb higher on the market cap rankings. The digital asset could make it to the target if it does not fall to negative criticism.

Will the SOL price reach $500 by the end of 2025?

According to our Solana price prediction, the altcoin might chug up to a maximum of $750 by the end of 2025. Further, with a potential surge, the price of SOL could reach a maximum of $1672 by the end of 2030.

What is the Solana Foundation?

The Solana Foundation is dedicated to growing the Solana network into the world’s most decentralized and censorship-resistant blockchain.

What is the current price of the Solana token?

At the time of writing, the value of one SOL coin price was $143.21.

SOL
BINANCE

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