Solana is one of the most popular blockchains rapid in the world and has a market capitalization of 43 billion dollars with more than 67 billion transactions. The project boasts an impressive theoretical throughput of 65,000 transactions per second with close to zero fees.
However, despite all his recent victories, Solana hasn’t escaped her fair share of controversy in the crypto space. The project left the skeptics I’m not sure its incredible transaction speed is possible just because it gives up 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 along with the native piece Solana ($ SOL).
Yakovenko has previous work experience in distributed systems design, working for the high-tech company Qualcomm Incorporated (QCOM). His awareness of the reliability of a watch for simplify network synchronization helped him create Solana.
Instead of the proof-of-work model of Ethereum, Solana uses a model of unique and innovative hybrid consensus which combines an algorithm of proof of history (PoH) with a synchronization engine Ultra fast. This allows Solana to elaborate theoretically more than 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 in the past 5 days, with $ SOL down nearly 10%. In fact, since January, it has lost more than 32% of its value. At press time, Solana is priced at $ 120.83.
However, we expect $ SOL reaches the $ 175 mark by 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 may be 8 months away, but it’s not too early to predict Solana’s price direction. Some experts believe that $ SOL has a promising 2023 and that overcoming the marginal impacts is bullish at $ 400. In an opposite view, cryptocurrency market expert David Cox you can a bearish future for Solana and thinks it will hardly remain at the $ 100 mark in 2023.
Solana Price Forecast for 2025
By 2025, the world will see blockchain technology expansion, mass adoption and market cap growth nearly $ 2 trillion. Experts believe such a favorable future will positively impact other major crypto projects, including Solana.
Therefore, we agree with some experts in setting our average Solana price prediction for 2025 to be in the range of $ 440 to $ 470. The fintech reporter Jamie Redman has a large forecast that Solana will exceed $ 1,100 by 2025. While this price may seem exaggerated, with $ SOL and the volatile cryptocurrency market, it may not be not very ambitious.
Solana Price Forecast for 2030
According to Winklevoss billionaires , Bitcoin’s market capitalization will reach $ 9 trillion in 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 surely rise and Solana may eventually come the $ 1,000 threshold if he lost it in 2025 or in the following years.
Solana Price Prediction for 2040
As we’ve always argued in our various cryptocurrency price predictions, it is difficult to have an accurate price forecast for the next 18 years. The reason for this is the ever-dynamic tech landscape that can influence the buying sentiments of cryptocurrency enthusiasts.
However, Solana has proven to be a reliable store of value, being a stepping stone to 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.
As always, it is nearly impossible to accurately determine the exact prices of speculative assets like Solana over the long term. However, with this article on price prediction as a guide, you can glimpse the potential experts see in $ SOL over the coming decades.