Solana Price Prediction 2024-2030: Will SOL Surge To $1,000?

by Reza Ali

Solana (SOL) is a popular blockchain known for its fast and cheap transactions. Its unique Proof-of-History (PoH) mechanism allows thousands of transactions per second, making Solana attractive for DeFi apps, NFTs, and Web3. Since 2021, its total value locked (TVL) has risen from $1.45 billion to over $6 billion.

About Solana, in 2024, it had quite an unstable price in the direction of fluctuations. SOL was at its highest at the end of November, as likely noticed, and within the following week, it dropped by 30%+.

The platform’s range and network effects are increasing, and it appears to continue attracting investor interest even at this stage.

However, lasting technical changes and ecosystem growth remain promising for the platform’s ability to attract new investors. Investors also closely watch Solana, especially whether the coin will hit $1,000 in 2030. Here is a Solana price prediction article to help you get an outlook and predictions from 2024 to 2030. This article possesses useful information about future price trends.

Solana (SOL) Overview

Anatoly Yakovenko, a former engineer at Qualcomm Inc. and Dropbox, launched Solana, a blockchain platform that helps networks such as Bitcoin and Ethereum solve scalability and performance issues. 

Recognized for high-speed throughput, Solana can perform more than 50K TPS with a sub-second confirmation time and affordable fees. This capability is based on the PoH consensus and PoS, parallelism, and data compression solutions.

The platform launched a mainnet beta version in March 2020, following which it received considerable interest from developers, investors, and users. Solana also adopts growing dApps and services, integrating compatibility with interoperability via blockchain and cross-chain architectures.

SOL is Solana’s in-built token, which includes transaction fees, network operation, maintenance, governance, and dApps and services. SOL enjoys a splendid network effect and, when writing this paper, has a market capitalization of over $108,730,000,000, ranking it as the fourth largest cryptocurrency by market capitalization.

Specifically, in 2024, Solana realized tremendous milestones, such as a QoQ growth rate of 26% regarding decentralized finance (DeFi) Total Value Locked to around $5.7 billion, ranking it third among blockchains. It also saw a rise in developer engagement to 13,600+ participants in the Colosseum Radar Hackathon, more than 63% up from previous ones.

Ethereum’s main rival, Solana, is beneficial for such processes because of its higher speed and lower costs compared to Ethereum. More and more DeFi projects, NFT marketplaces, and other dApps are flocking to this efficiency that solidifies its position as one of the leading blockchain platforms.

Solana Price Prediction Table for 2024-2030

Solana Technical Analysis

Solana’s token, SOL, was at $191.60 as of December 30, 2024, showing a 2.27% decline in the last 24 hours.

Multiple technical indicators give Solana a slightly positive prognosis. The 10, 20, and 30 short-volatile moving averages signal ‘Sell’ from the chart, which shows bearish momentum.

On the other hand, the ‘Sell’ signal emanates from shorter moving averages (20, 50, and 100 periods) while longer moving averages, such as 100 and 200 periods, give a ‘Buy’ indicating bullish run after some particular periods. 

The RSI stood at 43.7 at the time of writing. SOL is in neutral territory, meaning it is not overbought or oversold. Regarding momentum, the MACD is all bearish here at -9.4872, while the ADX is very well placed at 31.24, which points to a strong bearish trend. 

Fibonacci retracement levels support $187.42 and $179.83 and resistance at $199.02 and $203.03. A brief technical analysis shows signs of bear pressure in the short term, although there is strong bullish pressure in the long term. Therefore, these support and resistance levels should be watched closely since any break above or below them will indicate future movement. 

Market Sentiment

Analyzing Solana using a balance of the net capital positions revealed by Glassnode, the only time there was a negative net capital flow was in early September 2023. After some fluctuations, another dip was in the week of October 9, 2023. This relatively consistent stream of funds has enabled Solana’s growth and even touched the maximum daily new inflow of $776 million.

Specifically, August 2024 saw Solana’s outflows totaling $39 million, which is indicative of a separate trend: the reduction in the trading volumes of memecoins that are, in turn, of paramount importance to the Solana ecosystem. Although the following events happened, the platform’s challenges showed its ability to work through problems. In the Solana ecosystem, investment products attracted fresh capital of $3.8 million by the end of September 2024.

User activity in the Solana ecosystem also increased significantly. On its 30th day, Unique Active Wallets (UAWs) had grown more than 300%, signifying higher activity among network users.

However, regulatory barriers negatively impact market conditions. VanEck and 21Shares’ filings for Solana exchange-traded funds (ETFs) disappeared from the Chicago Board Options Exchange website in August 2024, which triggered concerns regarding the chances of future products related to the financial market.

Also, SOL has decreased since late November 2024, and the trends indicate that the cryptocurrency market is unpredictable. As Solana continues demonstrating promising trends, overcoming practical complexities and rebuilding investors’ confidence will be crucial for further development.

Solana Price Prediction: Short Term To Long Term

2025 Prediction

CoinPriceForecast: They forecast a year-end amount of $247 in 2025, implying an appreciation of the current price by 33%.

Changelly: Predicts the yearly average of $214.64 in January 2025 and the price range from $214.64 to $216.07.

Blockchain News: Market forces, such as Bitcoin’s halving, raised SOL expectations to an all-time high of $279.21.

2026-2028 Prediction

Blockchain News: Under a favorable market environment and increased uptake, our projection sees SOL hit $382.63 by 2026 and $673.35 by 2028.

2030 Prediction

CoinPriceForecast: Projected stock price at year-end to be $ 491, 164% above the current price.

Blockchain News: This projection led us to conclude that SOL might reach an all-time high of $997.71 if technological advancement or the market dynamic propels it to rise even higher than the average price estimation of $611.36. 

Will Solana Surge?

Industry analysts expect that Solana (SOL) will grow from now on because of the usage and demand for a fast blockchain, further technological enhancement, and celebrity backing.

Changelly expects Solana to be worth $216.07 by December 2025. The expected Solana price in January 2030 is around $1,104 to $1,325, showing good potential for growth in the future. Nevertheless, a terminus of the worth of the cryptocurrencies cannot be ascertained due to the volatile nature of the markets in which they exist, as witnessed by the changes in fluctuations in a year.

Solana Price Prediction By Analysts

CryptoPredictions’ Neutral Perspective

In its turn, the CryptoPredictions is much more conservative regarding Solana. Their prediction for the fourth quarter of 2025 is that the price will be between $197.29 and $290.13, with a mean of $232.11. For December 2026, they expect the SOL token will have an average price of $305. 65 but will range somewhere between $259.80 and $382.06. This position is reasonable, even though it contains elements of promotion for cryptocurrency and its possible development on the one hand and rings the bell of dangers and threats regarding this kind of monetary tool on the other.

DigitalCoinPrice Bullish Long-Term Price Prediction of Solana

DigitalCoinPrice, which provides insights based on the analyzed mathematical algorithms and models, proposes that Solana will reach $531.91 by the end of 2025, with the lowest predicted price being $444.60. The expected average price in this period is $479.88. These estimates are derived using the analysis of trends and market trends.

Crypto Analyst Carl Runefelt Highlights a Positive Momentum For Solana 

Cryptocurrency trader Carl Runefelt sees a high-degree bullish pattern for Solana (SOL) that he shared on X. As Runefelt pointed out, Solana has retested a trend line triangular pattern on the weekly chart, which may lead to a massive surge.

📈This could be the next move for #Solana if it breaks out to the upside! The target is $246,5🎯 pic.twitter.com/xIB4TPCEfR

— The Moon Show (@TheMoonCarl) November 16, 2024

According to Runefelt, if Solana could keep support above the critical $180, its price could increase to $330 in the next few weeks. With this view, Solana is in a position to be considered for aspiring to lead or at least become among the leaders when a market-wide rally takes place, making Solana an epitome of a major player in the cryptocurrency trading market.

VanEck Conservative Price Outlook For Long-Term 

By consolidating data from various sources, including a portfolio trading platform, news site, governance, price contents, and decentralized forums, VanEck a renowned international investment management firm- includes Solana, yet with a conservative perspective of the price trend of Solana. Specifically, based on their research, Solana’s price might be low at $9.8 in 2030. This prediction raises issues like Solana’s percentage of market share within the smart contract ecosystem and its ability to generate revenue and capture this value. Technical limitations, issues with developers’ engagement, and pressure from competition from Ethereum and other blockchain platforms are also listed by VanEck as risks for Solana.

Solana Price Predictions for 2024

WalletInvestor predicts that Solana will have an average trade price of about $238.797 by the end of 2024, with a minimum value of $221.095 and a maximum value of $255.416. On the other hand, CoinDCX is optimistic about the result and expects a high of $315 for solana by the end of the year. DigitalCoinPrice also paints a good picture, predicting that the coin will be trading at an average of 501.48 dollars for the same period.

These forecasts are presented with different degrees of uncertainty, but the cryptocurrency market’s randomness highlights the prediction aspect of these estimates.

Solana Price Prediction for 2025

More aggressive predictions can be found on CoinCodex. Therefore, the maximum price is $582.02. CoinPedia also follows this optimistic sentiment, expecting much higher prices,  with Solana’s price expectation ranging from as low as $209.91 to as high as $750.

All these varied predictions depict high possession risks and stock fluctuations, which investors should take with a pinch of salt and do their research.

Solana Price Prediction For 2030

According to CoinCodex, Solana is expected to be priced between $527.27 and $744.92 in 2030, and an average of $1136.64 with a maximum value of $1297.74 is possible, as per the predictions made on CoinSwitch. CoinPedia has given an estimated average of $1,359.165, and Coingape has an average trading range of $956.39 – $1,156.62. Changelly has a similarly positive outlook, with the expected BTC max value of around $1,325.

Such predictions underline the low probability of the long-term forecasts of cryptocurrencies’ rates. They work as potential markers, yet their change depends upon market forces and uncontrollable events.

How Solana Can Achieve It’s New All-Time High?

Solana (SOL) has favorable possibilities to revisit its peak at $260.06 shortly. When comparing it to Ethereum’s previous bull runs, Solana still shows signs of growth. The network’s adoption remains upward, backed mainly by value metrics pointing to the ongoing and active demand for SOL tokens. Such metrics are the total value locked (TVL), the average number of day fee payers, the daily volume of transactions carried out through decentralized exchange (DEX) platforms, and the daily activity of the non-fungible token (NFT) market.

As of December 30, 2024, here is a summary of the top cryptocurrencies by market capitalization, along with their current prices and 24-hour percentage changes:

Is Solana a Good Buy?

As per Solana price prediction, SOL is currently perceived as a potential investment project due to its unique selling proposition regarding use case applications based on the blockchain system and fast transaction processing times. SOL may reclaim the all-time high set earlier and continue the upward movement, which is why many specialists consider it a promising instrument for a long-term investment.

However, its use is surrounded by risks because of the fluctuations in the cryptocurrency market. All those interested in investing should do so cautiously, taking every necessary measure and precautions regarding their tolerance level. Despite being in the volatile crypto market, Solana’s well-established underlying technology and expanding ecosystem would make it eligible for possible long-term gains.

FAQs

What is the price prediction for Solana in 2025?

Analysts predict different prices for Solana in 2025. Predictions for SOL suggest potential new highs, with estimates between $222.31 and $298. Some predict Solana’s price may peak at $606.98, averaging around $547.61.

Can Solana’s price hit $1,000?

To hit $1,000, Solana needs to increase about 360% from current levels. Some analysts view this as a long-term target, but it relies on market momentum, investor confidence, and technological developments.

What was Solana’s all-time high?

In November 2021, Solana hit a peak value of $260.

Does Solana have potential?

Solana is notable for its low transaction fees, strong stability, and efficiency, positioning it as a solid choice for long-term investment. Its use by dApps and NFT projects boosts its growth potential. 

Can Solana hit $500?

With a previous ATH of $260 and continuous ecosystem development, Solana’s long-term price target of $500 is attainable. 

Disclaimer: Investing in cryptocurrencies carries significant risks and is often considered high-risk. This material is not career or financial advice. Seek advice from a financial expert before investing.

#blockchain #crypto, #decentralized, #distributed, #ledger