Solana Price Prediction 2022: Daily Updates

0
501


4.8
6
votes

Article Rating

February 25th, The Average Solana Price Prediction 2022 is $ 216.

As per the Analysts, by the End of 2025 SOL may hit $1017.

4 analysts/ websites

The latest price of SOL Token is:

The year 2021 was the best year for the Solana investors. The cryptocurrency was priced just below $0.5 on the 1st of January 2021 but at the end of the year, Solana registered a massive growth of over 40,000% and closed the year 2021 priced at over $170. In fact, Solana has been the choice of most of the platforms as one of the best Cryptocurrency investments in 2022.

Solana Price Forecasts until 2030 (Popular)

Solana Price Prediction 2022: Performance in 2022

However, the starting days of 2022 have not been fruitful for Solana.

On December 31st, 2021 Solana was trading over $170 which dipped to $150 on January 6th. Between January 6th to 17th, Solana hovered between $140-$150. Solana, however, failed to hold on to its new support and fell below $130 on January 17. 2022.

After falling below $100, Solana attempted recovery and was able to breach $110, however, after the news of the Wormhole portal hack Solana crashed massively and went below $100.

Solana recovered and was trading over $110 but the recent Russia-Ukraine clash has once again led to a blood bath in the crypto market. Solana has suffered a lot and has shown no sign of recovery. It is currently trading slightly over $80

The “Ethereum Killer”, Solana has underperformed as compared with Ethereum in February 2022. ETH is down 7.19% while Solana is down by over 20%.

In the last 7-days, the ‘Ethereum Killers’, Solana, and Cardano have attempted to regain their lost tags. However, the search for Ethereum has been much higher as compared to Solana as well Cardano. Solana has had a somewhat equal search trend as Cardano.

Solana vs. Cardano: Which Could Overtake Ethereum First?

Solana Price Prediction 2022: Analysts Estimation

There are a whole range of Forecasts as per the table below

Solana Price Prediction 2025

Wallet Investor: $1072

CryptoAndFire: $1079

Coinquora: $900

Average Solana Price for 2025: $1017

Solana Price Prediction 2022: Historical Data to Support Solana Investment

Price

Date/ Days

$ 0.83

April 10th, 2020

$ 1

94 days

$ 10

220 days

$ 100

180 days

$ 200

11 Days

ATH, $ 260.06

57 days

Solana Price Prediction 2022: Some Facts

Is Solana a Good Investment?

Looking at the performance of Solana in the last year, Solana can be termed as a good investment even in 2022. Here are a few reasons why to invest in Solana:

  1. Excellent outperformance during the last few months, outperforming the likes of Ethereum and Cardano.
  2. Outstanding ecosystem which is focussed on applications for Solana
  3. It performs well on many metrics, for example, blockchain speeds
  4. Gas fee that is lower than Ethereum

Why Solana is Technically a Better Investment?

Recently Bank of America in its research note told its clients that Solana could become the “Visa of the digital asset ecosystem”. Since its launch in 2020, Solana has experienced a massive adoption. Solana is the fastest blockchain in the world and the fastest-growing ecosystem in crypto, with over 400 projects spanning DeFi, NFTs, Web3 and more.

Solana is able to process over 2500 transactions per second and as of now, it has settled over 50 billion transactions. Solana’s scalability ensures transactions remain less than $0.01 for both developers and users.

Talking about DeFi, currently, the Solana network boasts over 500 dApps and multiple  DeFi projects built on Solana. Added to it more than 5.7 million non-fungible tokens (NFTs) have been minted by the Solana network.

How to Buy Solana?

Here are some general steps to follow to buy Solana:

  1. Finding a crypto exchange that has Solana Coins listed
  2. Create an account with the Exchange
  3. Verify your identity
  4. Fund the Wallet
  5. Make the Purchase

You can purchase Solana with U.S. dollars on 

  • Binance
  • Bitfinex
  • FTX
  • Huobi Global 

In Binance and Huobi Global, users can purchase Solana with Bitcoin (CCC:BTC-USD) or Tether (CCC:USDT-USD).

Using SOL-USD investors can purchase Solana from Bilaxy, Bithumb or Serum DEX.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions. 



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here