Solana Price Prediction 2022: Will SOL Still Manage To Hit $150? – Coinpedia Fintech News
Don’t have your own account? click below link to register Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena. Jun 11, 2022 Solana with its euphoric run in the past is still under active consideration of investors and traders. However, a steady downfall and frequent network outages have been nerve-wracking for not one but many. Whilst the industry has been dwindling amidst the market-wide turbulence. SOL’s price has been ranging in tandem with the broader business while struggling with its own battles. Do you hold concerns about the future prospects of Solana? Worry not! As we decode the plausible price prediction for 2022 and beyond. Join in as we analyze the Solana price prediction, in further sections of this article. SOL price, as seen on the daily timeframe has taken a gradual fall from the quarter’s peak at $140, to $41.62. As evident, the altcoin is testing its crucial support levels at $41.16. Losing grounds at the levels SOL could drop to levels around $24.85. Interpreting a similar trajectory of the past, SOL could remain range-bound between $24.85 and $41.16 until the end of July. The crypto asset could break out of the levels by mid of July. The market crash on the 5th of January led to SOL’s price losing its ground of $175. The altcoin further lost its support at $130 on January 17th. While the price of SOL did rise back to $110, following its fall below $100. However, the Wormhole hack took back the price below the 3-digit mark. Whilst Solana did breach back to its target of $110, the recent clash between Russia and Ukraine. And the anxiety around FED’s rate hike did bring down gains to square one. That said, in view of the fast-approaching new quarter SOL parted ways with the first quarter at $130.47. Moving in tandem with the broader crypto market, SOL took a steep fall, with the start of the second quarter. If the digital asset seeks impetus from volumes assisted by the buyers. The price of the altcoin could chug up to a maximum of $83.13. On the flip side, if it encounters a prolonged bear run, the price might stumble down to the lows of $55.97. That said, a balance in buying and selling pressures could land the price at $69.9. The price of SOL could propel to greater heights. If the makers roll out vital upgrades to resolve the congestion of the network and boost its scalability. In such a case, the price might propel to a maximum of $106.35. In contrast, if the network falls prey to congestion amidst the lack of upgrades. The price might slump down to a minimum of $75.2. Constrained by the linear price trajectory, the average price might land at $92.11. If Solana manages to sail across the challenges of the crypto-verse, whilst fixing the consensus issues. The price of SOL might escalate upwards of $194.33. On the flip side, if the asset remains more vulnerable to inflation and other torments, the price could settle at $101.64. By the end of 2024, Solana might attract a myriad of projects to be built on its network. Whilst also enticing the creation of NFTs. In such a scenario, the thriving user base might stimulate the price to a maximum of $343.83. However, emerging rivals and stiffer competition might leave the price stranded at $188.93. If Solana encourages newer upcoming startups, it could be a new competitor for other currencies 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 $627.29. New regulations in the future can afflict the price movements, and thereby a possible low might be in hand for SOL. If this happens, a slight pullback can draw Solana to $324.04 by the end of 2025. Wallet Investor expects the price of SOL to close the year 2022 at its potential high of $199.43. While a reversal in trend could knock the price down to $117.062. A balance in buying and selling pressures could land the price at $158.7. Wallet Investor also hosts the prediction for the long term. Accordingly, the altcoin is anticipated to close 2025 at a maximum of $525.021. Trading beasts predicts the SOL price to end 2022 with a maximum price of $59.9. And with a minimum of $40.732, whilst expecting an average price of $47.92. The firm cites that by 2025, the maximum trade value of Solana will probably be $126.78. That said, the average and minimum possibilities are expected at $101.43 and $86.216. According to Digital Coin Price, the altcoin’s price is believed to soar to a maximum of $57.54 by the end of 2022. The firm has pinned the minimum and average targets for the year at $50.5 and $53.57. The analysts from Digital Coin Price have set the maximum closing targets for 2025 at $84.95. As per the prediction by Gov. Capital, SOL’s price could escalate to its maximum of $248.63 by the end of 2022. The firm anticipates the maximum annual closure of 2023 at $638.904 and 2025 at $1747.712. Click here to read our price prediction for Internet Computer (ICP)! Solana’s presence in Defi could propel a northward price trajectory. It might concentrate on certain collaborations to bridge its assets to Defi. Also, its delegated staking could attract a host of new investors. As per Coinpedia’s formulated SOL price prediction the price might surge higher to $105 in 2022. However, on the other end, if the network delays the implementations in its Mainnet Beta version. The price can flip to lows of $76 by the end of 2022. The advent of the network dates back to 2017. The network was created by Anatoly Yakovenko and co-founder Greg Fitzgerald. Solana was formulated with a vision to empower scalability and transaction speeds. Solana has come a long way since its test net in 2018. To presently holding significant dominance in utility. SOL price is presently up an astonishing 18969.83% since, since its first known price tag. For a detailed explanation of Solana, its blockchain and its working, Click here. Solana initiated its journey in the crypto market on the 10th of April 2020 with a price of $0.79. Later, the price fell to as low as $0.52 by mid-May. By the end of June, the price hit $0.99 and took an upswing to $1.33 by mid-July. SOL took a flight to $3.77 by mid-August, but a slip brought it to $2.82 by August end. By early September, SOL’s price hit an ATH of $4.84, however, the price took a hit starting from October. The turbulence led the digital asset to close its yearly trade at $1.50. With a steady recovery in price, SOL opened its trade in January at $1.60. A euphoric run led the digital asset to claim $10 by the mid of February. In no longer than April, the price was trading in the range of $40 by the end of April. By May the price surged close to $50 to reach the ATH of $58.30. During the crash on the 19th of May, SOL was a lone ranger with 50% gains. August turned out to be a game-changer for Solana. Impetus coming in from the NFTs led Solana to smash its ATH of $191.04 on August 31st, 2021. However, a DDoS attack in September brought the price down to $132.13. While SOL ran a sprint to $260.06 on the 6th of November. Recurring DDoS attacks led SOL price to close its annual trade at $178.8. To read our price prediction of STEPN (GMT) click here! A: Solana with its strengths in fundamentals still holds significant prominence. That said, we can expect its glory to shine brighter with resolutions to the shortcomings. A: The Solana network can process up to 50,000 transactions per second. A: 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. A: The price of SOL could brush the highs of $106.35 by the end of 2022. A: The altcoin might chug up to a maximum of $627.29 by the end of 2025. Disclaimer: This piece of article is only for informational purposes. It is not trading or financial advice.
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