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Solana Price Prediction: Will Solana Price Reach $100 By 2023?

Solana price prediction
Cristian Cochintu
Cristian Cochintu
22 February 2023

Solana (SOL) dropped over 86% in 2022. CAPEX looks at SOL’s price predictions for 2023 and beyond.   

Solana (SOL) is the native cryptocurrency of the Solana blockchain. This digital ledger was created in 2017 as a cheaper and more efficient alternative to Ethereum.  

After being heavily affected by the general bear market of 2022, Solana had to face even more issues. In November 2022, Solana's SOL currency lost more than half of its value after the collapse of the FTX crypto exchange. However, in January 2021, the coin made a remarkable comeback. 

Solana's troubles were at least partially due to its ties to FTX because Solana disclosed that it had $1 million in assets locked in the FTX exchange. Luckily, this represented less than 1% of Solana's assets. However, Solana had 134.54 million Serum (SRM) and 3.43 million FTT tokens on the exchange the day withdrawals were stopped. Also, Solana owned 3.24 million shares in FTX. 

But what can we expect from Solana in the future? What highs may SOL price hit in 2023? Will the Solana price surge or plunge in 5 years?      

This article aims to address all the queries related to Solana price prediction for 2023 and beyond, fundamentals, and technical updates.    

Summary of Solana Forecast & Price Predictions 

  • Solana price prediction today: the actual rally should face strong resistance at 26-28 and send the price back below 20 during the first quarter as per charts and experts. 
  • Solana price prediction 2023: while most experts forecast Solana can reach 38 during the year, others said crypto winter could extend into 2023 and push SOL price below 10. 
  • Solana price prediction 2025-2030: most analysts point out that crypto investors will shift focus from speculative trading to the development and adoption of blockchains and applications powered by tokens with utility and cash flows. 

Solana Overview     

Solana's native cryptocurrency is called SOL and is used to pay for transaction fees on the Solana network. The project was founded by Solana Labs in 2017 and is based in San Diego, California. With more users joining the DeFi space, decentralized applications need the bandwidth to perform cheap and fast transactions.  

Despite Ethereum being a much more mature and established platform with a larger developer community and more widespread adoption, Solana is relatively competitive in this space. 

Solana's consensus mechanism, proof-of-stake (PoS), allows the network to process up to 65,000 transactions per second (TPS), while Ethereum is limited to around 12 TPS. This means that Solana can handle a much higher volume of transactions, making it more suitable for decentralized applications that need to process a large number of transactions. 

Solana also has a growing ecosystem of DApps (decentralized applications), projects, and developers that are building on the platform, which means more adoption, use cases, and opportunities for innovation. 

The SOL cryptocurrency is used to pay for the gas fee, which is required for any activity performed on the blockchain. In essence, the success and future demand for the coin will be determined by the success of the blockchain.  

The supply of SOL tokens is unlimited. Instead, Solana has an annual fixed inflation rate. Solana's inflation schedule proposes that the initial inflation rate be set at 8%. It is then distributed via staking rewards.   

Related: How to Buy Solana  

SOL's price has dropped by over 86% during the 2022 bear market. 

At the beginning of January 2023, Solana had a total value locked (TVL) of just over $280.4 million.  

SOL's losses could have been exacerbated due to the support it received from Sam Bankman-Fried (the now-disgraced ex-CEO of FTX). Bankman-Fried stated that Solana was the "most underrated" crypto as recently as August 2022. 

Alameda Research, part of the FTX empire, had been one of the main shareholders in the Solana Blockchain. Some reports suggest that FTX had invested more than $1 billion into SOL. 

Bankman-Fried had not only invested in Solana's projects but also created a marketplace for Solana NFTs (non-fungible tokens) through his exchange. This could be a concern for SOL and its investors. There are some questions about the future of blockchain in the wake of the collapse. 

By the end of November 2022, following the collapse of the FTX exchange, the Solana-based Serum Exchange had announced that the Serum program on mainnet had become defunct. 

Besides the market condition and third-party influence, Solana is seldom experiencing network outages. This has led to losses of millions of dollars due to hacking. Many of the former Solana supporters have lost trust in the Solana blockchain. 

With 2023 already looking like another roller-coaster period for digital currencies, CAPEX looks at AXS’s price predictions from best-rated websites and experts.       

Solana Forecast & Price Prediction 2023 and beyond      

Since the beginning of November 2021, SOL has been in a steady downtrend. Since 2022 presented many unfortunate events in the crypto world, such as the collapse of multiple exchanges, SOL’s price suffered with every one of those events.  

The lowest point was reached at the beginning of January 2023, when Solana’s native coin was trading at around $9. Market experts believe that SOL's chances of falling are greater than the likelihood of it establishing an uptrend in the near future.    

Solana Price Prediction 2023      

SOL price prediction site Wallet investor suggests that SOL’s price will drop to an average price of $3.99 by the end of December 2023.     

DigitalCoin is much more optimistic about its Solana forecast. It predicts that the price of SOL will be around $49.84 by the end of 2023.      

The long-term forecast for Solana from Price Prediction shows that the price will rise to an average price of $28.42 by the end of 2023.     

CryptoPredictions has set a Solana price target at an average of $20.08 for December 2023.    

According to Long Forecast, Solana can reach a maximum of $21.53 by the end of 2023. They predict that the Solana price will continue to fall after this small bull run at the beginning of the year.     

The average consensus price for 2023 is $24.97, which makes Solana one of the best cryptocurrencies to buy in 2023. Solana was not included in our top 5 cryptocurrencies to explode in 2023.          

Solana Forecast 2023 – Buy now or wait for new lows?   

Many industry leaders believe that Solana might become bullish in the future if investors hold long-term. Despite the blockchain issues, supporters still claim that Solana is the fastest crypto-blockchain in the world and has the fastest-growing ecosystem with thousands of projects. It supports NFTs, DeFi applications, and Web3. 

But for 2023, Solana might continue its slow progress, and its price might stagnate if no major technological and economic changes happen in the Solana ecosystem. 

Solana might have difficulty funding the expansion of its project-building ecosystem on top of Solana because its biggest backer, FTX, is now bankrupt. Two of the largest NFT projects in Solana announced that they would be leaving. Despite this, TVL and Protocol revenues have stabilized since the initial plunge after the FTX collapse. 

New developments could drive up the price of Solana. According to DigitalCoin, Solana could trade at around $104 by 2026. However, Solana seems to follow the general trend of the market, and the market sentiment of the community greatly influences its price.

Solana forecast
While we can speculate about the potential price of Solana over the next months and years, the truth is that Solana still is a highly speculative investment. There is not much historical data to support these predictions. It is important to invest only what you are willing to lose and include some traditional investment instruments to build a strong portfolio.     

Your investments should be small, and you should not place crypto investments above other financial goals, such as saving for retirement or paying off high-interest debt.     

Related: How to invest in cryptocurrency     

Solana Price Prediction 2025      

There are indications that the crypto market is entering a new era.      

Undoubtedly, SOL's long-term price prediction could rise if technological advancements are made, and the currency attracts more attention.      

According to the latest SOL price predictions, it could reach an average price of $48 or more by the end of 2025. PricePrediction forecasts that the average price in 2025 could be $64. On the other hand, WalletInvestor predicts that Solana’s price may drop to $0.44 by the end of 2025.  

However, price predictions do not always reflect long-term earning potential. It is important to analyze the potential financial consequences of this investment to determine if it is a wise financial decision.    

Solana Price Prediction 2030      

Are you expecting Solana to rise in value? The same applies to Solana price predictions as it does to weather forecasts. The further we go into the future, the harder it becomes to try to predict the price of Solana. The world of 2030 may be quite different from what we see now. What does 2030 hold for Solana?      

Most forecasters don’t offer price predictions so far off into the future. However, using the information from the few expert forecasters that offer such information, they suggest that the price of Solana might rise in the future. 

By 2030, PricePrediction forecast that Solana’s price could reach around $383. According to a 2030 Solana prediction from DigitalCoin, the trading price of SOL could be $232. The average of these two SOL price predictions is $322.     

Is It Possible to Forecast the Price of Solana?   

Many price predictions for Solana are flawed because they lack the necessary analytical support. Investors will always be attracted to a high price point, especially one that is on an upward price trend. Someone holding a cryptocurrency priced at $0.01 could easily believe that it will rise to $10,000 just because it sounds good.      

The problem is that predictions can be made without any evidence or analysis. However, three types of analysis have been used in the financial world for a long time to try and forecast prices and the evolution of markets.      

  • Technical Analysis     
  • Fundamental Analysis     
  • Sentimental Analysis      

Solana Forecast using fundamentals      

Investors in financial markets use fundamental analysis to study and evaluate the variables that impact an asset’s price.     

You can assess the intrinsic value of a cryptocurrency to determine if it is undervalued or overvalued. This can be achieved by analyzing qualitative factors like the state of the economy and cryptocurrency market conditions, as well as the management and market capitalization of crypto companies.     

Fundamental analysis can help traders determine the price of a cryptocurrency based on a wide range of information. This could be a great way to make long-term investment decisions.     

How to conduct a Solana price prediction today using fundamentals? Fundamental analysis is when you examine the fundamentals of cryptocurrency projects, from their market capitalization to the utility and value of the native token.     

Do not confuse fundamental analysis and technical analysis. Fundamental analyses of cryptos are more qualitative and less tangible than statistical trends like price charts or historical market data.     

The fundamental analysis of cryptocurrency is like that of traditional financial markets with more traditional assets such as stocks. It is not as important to focus on a company’s historical financial performance, financial statements, or balance sheets.     

The following parameters can be used to help investors predict trends in crypto markets:     

  • Market capitalisation     
  • Total and circulating supply     
  • Token utility and use cases     
  • Community size     
  • The team behind the crypto project     
  • The crypto's trading volume     
  • Crypto exchanges listings     
  • Partnerships with trusted institutions     
  • The latest news about the coin     
  • Government rules and regulations     

It is important to remember that fundamental analysis can only give you an overview of cryptocurrency investments. You can better understand the project and the future changes in cryptocurrency prices by looking at all the information. To get a better picture, you can also refer to the company’s whitepaper.     

You can also examine blockchain metrics which provide crucial information about a cryptocurrency's technology and processes.     

Solana Forecast using technical analysis     

Technical analysis uses historical price charts and market statistics to examine and anticipate price changes in the financial markets. It is founded on the concept that if a trader can recognize historical market trends, they may anticipate future price trajectories accurately.     

Whereas fundamental analysis focuses on an asset's 'real value,' considering both external and intrinsic elements, technical analysis is only based on an asset's price charts. To anticipate future movements, all that is required is the recognition of patterns on a chart.     

The ability to recognize price trend cues in a market is an important part of any trading strategy. All traders must devise a strategy for determining the optimal entry and exit points in a market, and using technical analysis tools is a popular technique for doing so.     

Technical analysis software is now so widely utilized that many people believe it has established self-fulfilling trading rules: As more traders use the same indicators to find support and resistance levels, more buyers and sellers will congregate around the same price points, repeating the patterns.     

In general, technical analysts look at the following broad types of indicators, formations, and theories:     


Solana price prediction
The Solana price chart shows a descending channel, which is distinguished by a string of lower highs and lower lows. Descending channels are in general bearish chart patterns.  

During a falling channel, traders will sell, either to capitalize on the market's downward movement or to protect any long holdings they may have in the same market. A trader will most likely open a long position to benefit from price increases once the channel is reversed. 

As the Solana price chart above shows, the price on the far right of the channel should close above the level of resistance (26-27 level), which might be an early indicator that the overall downward trend was complete. At that point, traders would likely close any remaining short positions they had open and take long positions, with the assumption that the descending channel is complete, and SOL price could be about to experience an overall upward trend.    

As RSI is in an overbought area, a higher low around 15 would signal a more likely breakout.

>> Visit CAPEX Academy to learn more     

Solana Price Prediction Using Market Sentiments     

In finance, the term "sentiment" refers to a viewpoint or opinion about a market's condition. The sentiment of crypto market investors towards the asset is a description of their general emotions and attitudes. It reflects the collective psychology of all those involved in trading and developing cryptocurrency.     

How investors feel about cryptocurrency can have a tangible impact on market cycles and the price. It can have serious implications if enough traders act on the ideas, thoughts, and feelings they share, regardless of whether they are based on real-world data. This is evident in how tweets by Elon Musk have impacted Bitcoin's price (a bullish sentiment).     

For analyzing the sentiment of cryptocurrency markets, there are many statistics you can use. The following statistics provide vital information about the movement and trajectory of cryptocurrency assets: funding rates, sentiment indices, social media, community analysis, and whale monitoring.     

The funding rates are the monthly payments that traders receive based on price differences between the spot price of currencies and tokens and the price difference between cryptocurrency perpetual contracts. Positive funding rates indicate a bullish market.      

A sentiment index predicts whether investors will act fearfully or greedily. It can be affected by volatility, market momentum, and investor responses to surveys. A fearful market can be an opportunity to buy if it is managed correctly. Conversely, a greedy market means that it is a good moment to sell.     

Another crucial aspect for assessing sentiment in crypto markets is the community’s activity on social media, especially Twitter and Telegram. Investors would look for an active social network with meaningful interaction across platforms.     

Whale monitoring is the process of keeping an eye out for big crypto players. A cryptocurrency whale is an investor who holds large-value transactions on multiple blockchains is called. Whale watchers spot major market participants' trades and trade accordingly.     

Solana Historical Prices     

SOL traded at $0.22 the following an Initial Coin Offering (ICO) that took place in March 2020. Solana’s price climbed to $1.50 but fell back to $0.50 by the end of the month. The coin started to rally in June after a few months of consolidation. In August 2020, Solana was traded at $4. The coin then fell more than 35% to below $2.70. Later in the month, the surge returned and culminated in a peak at $5.10 at September's start.  

The price continued falling in the months that followed, reaching a low of $1.02 by December 2020. SOL was at $1.51 by the end of the year. This represented a 70% decrease from the September peak but still a gain of 586% since launch. 

The start of 2021  was positive as the SOL price tripled in the first month of 2021 due to NFT hype and increasing demand from the DeFi community. The Solana market cap reached $1 billion at this time. SOL reached $50 for the first time in April. After three weeks of downward and sideways movement, SOL saw another surge of positive momentum that brought it to $61.44 on May 18. At that point, Solana's market cap was over $15 billion. The crash was followed immediately by a drop of over 50% in a single day. SOL then dropped to $19 just a few days later. After that, prices rose, and SOL had recovered $40 by June. By September 2021, the price of Solana climbed to over $200 and pushed even more during the autumn rally of 2021, when Bitcoin and most altcoins reached new all-time highs (ATH).  

According to CoinMarketCap, Solana’s ATH was reached on November 6, 2021, when it was trading at around $260. But the bull hype completely disappeared in 2022. Since then, SOl has been on a constant downtrend.  

At the beginning of 2023, Solana was trading at around $23, and the circulating supply was 370,753,196 SOL.  The cryptocurrency suffered from the collapse of the crypto exchange FTX. Both FTX and Alameda Research sold large amounts of SOL to avoid bankruptcy.     

Solana Price Prediction - FAQs:      

Is Solana worth buying in 2023?      

New network developments and partnerships could drive the price up in 2023.   

Solana is preparing for the MintORama event. The Helium blockchain network will migrate to Solana in the first quarter of 2023. It will result in the creation of 1,000,000 new NFTs, making this the largest NFT mint ever created in Solana's history. This will change how people view NFTs, as each NFT will be linked to a Helium hotspot. 

How high can Solana go in 2023?      

Most cryptocurrency forecasters have made only slightly optimistic predictions for SOL’s price in 2023. One of the most optimistic forecasts is $49.84 by DigitalCoin.   

Will Solana crash in 2023?      

According to most experts and prediction websites, Solana has a low chance of crashing in 2023. However, Solana was one of the most affected blockchains by the 2022 bear market and the collapse of the FTX crypto exchange.   

Does Solana have a future?      

According to most expert forecasters, Solana will start to slowly regain its value over the course of the next years. DigitalCoin predicts that Solana may raise to over $100 by 2026.  

What will Solana be worth in 5 years?     

Experts believe that Solana has a good chance to rise over the next five years as its developers plan more developments. According to PricePrediction, Solana could be worth $195 by 2028.    

What will Solana be worth in 2025?      

According to the latest Solana price predictions, SOL could reach an average price of $48 or more by the end of 2025. 

What will Solana be worth in 2030?      

Most forecasters don’t offer price predictions so far off into the future. However, using the information from the few expert forecasters that offer such information, they suggest that the price of Solana might rise in the future. 

Considering the few forecasts for 2030, Solana’s average price could be $322 by 2030.      






Cristian Cochintu
Cristian Cochintu

Cristian Cochintu writes about trading and investing for Cristian has more than 15 years of brokerage, freelance, and in-house experience writing for financial institutions and coaching financial writers.