Far from any controversy, crypto enthusiasts and Solana hodlers will be wondering what is next for Solana crypto price. Will it reach another all-time high? There are answers to that and more in this Solana price prediction article.

Solana is one of the fastest blockchains in the world and has a market cap of billion  with over 67 billion transactions . The project boasts an impressive theoretical throughput of 65,000 transactions per second with near-zero fees.

However, despite all of her recent wins, Solana has not escaped her fair share of controversy in the crypto space. The project has left skeptics unsure if its incredible transaction speed is only possible because it forgoes decentralization .

What is Solana?

Solana  is a functional open-source blockchain project that supports smart contracts, NFTs , and several decentralized applications (DApps). Anatoly Yakovenko  and  Raj Gokal  created the project in 2017 alongside native play Solana ($SOL).

Yakovenko has previous work experience in distributed systems design, working for high-tech company Qualcomm Incorporated (QCOM). His awareness of the reliability of a clock to simplify network synchronization helped him create Solana.

Instead  of Ethereum’s proof-of-work model, Solana uses a unique and innovative hybrid consensus model that combines a  proof-of-history (PoH) algorithm with a super-fast  synchronization engine . This allows Solana to theoretically process over 710,000 transactions per second ( TPS ) without the need for scaling solutions .

Solana’s neck forecast for 2022

Solana started the year at $172.8 but has become one of the worst performing crypto tokens over the past 5 days, with $SOL down nearly 10%. Indeed, since January, it has lost more than 32% of its value. At press time, Solana is priced at $120.83.

Source : Trading View

Nevertheless, we expect $SOL to reach the $175 mark before the end of the year , after which we would see a rally above $200. Other market analysts, such as Crypto Fire, further predict that Solana will end the year at $515.44 .

Solana Price Prediction in 2023

2023 might be 8 months away, but it’s not too early to predict Solana’s price direction. Some experts see $SOL having a promising 2023 and overcoming marginal impacts to be bullish at $400. In an opposite prediction,  crypto market expert David Cox  sees a bearish future for Solana and thinks it will hardly stay at the $100 mark in 2023.

Read also   This huge Ethereum upgrade could leave Bitcoin, BNB, XRP, Cardano, Solana, Luna and Avalanche (very) far behind!

Solana Price Prediction for 2025

By 2025, the world will see blockchain technology expansion, mass adoption, and nearly $2 trillion in market capitalization growth . Experts believe that such a favorable future will have a positive impact on other major crypto projects, including Solana.

As such, we agree with some experts in setting our average Solana price prediction for 2025 in the range of $440-$470. Fintech journalist  Jamie Redman  has a big prediction of Solana topping $1,100 by 2025. While that price might seem like a stretch, with $SOL and the volatile crypto market, it might not be. very ambitious .

Solana Price Prediction for 2030

According  to Winklevoss Billionaires  , bitcoin’s market capitalization will reach $9 trillion by 2030, and BTC will replace gold as a store of value. It’s a tough nut to crack. But if that happens, other big projects will certainly rise, and Solana could eventually reach the $1,000 threshold if he misses it in 2025 or later years.

Solana Price Prediction for 2040

As we have always maintained in our various crypto price predictions, it is difficult to have an accurate price prediction for the next 18 years. The reason for this is the ever-dynamic tech landscape that can influence the buying sentiments of crypto enthusiasts.

Nonetheless, Solana has proven to be a reliable store of value, being a launchpad for several metaverse projects . We expect the blockchain to remain active until then, and if so, our Solana price prediction for 2040 will be between $2,000 and $3,000.

Conclusion

As always, it is almost impossible to accurately determine the exact prices of speculative assets like Solana over the long term. However, with this price prediction article as your guide, you can glimpse the potential that experts see in $SOL in the coming decades.

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