Solana Price Prediction 2024, 2025, 2026, 2030, and 2040 (INR & USD): Can SOL reach $1000?

800% surge in one year!

This isn't some meme coin with a quirky name and animal logo but one of the most popular altcoins, Solana (SOL), which has stolen the spotlight with its jaw-dropping 800% surge over the past year.

Such a stellar rally makes it crucial for crypto enthusiasts to know the future of this altcoin, and what could be a better way than Solana price predictions for 2024, 2025, 2030, and beyond to do it? Considering that, we have prepared this blog on all things SOL, covering the future price possibilities for Solana and some burning questions like: Can Solana reach $1000? And can Solana reach $3,000?

Solana (SOL) Quick Overview

Solana is a blockchain network that provides Ethereum-like Smart contract, NFT, and DApp functionality. Launched in 2020 by Solana Labs, this blockchain uses SOL as its native currency. Solana's primary objective is to deliver a scalable blockchain alternative to Ethereum, with a capacity of 65,000 (transactions per second) while keeping the fee low.

It produces these abilities due to architectural differences in its blockchain design. One is the use of Proof of History (PoH), a variation of Proof of Stake (PoS) consensus. PoH involves an algorithm that automatically attaches a timestamp to each new Solana block, making it possible for the Solana blockchain to determine the series in which transactions occur. Since the blockchain keeps track of the transactions, the network validators do not have to spend their time and resources doing that. This setup allows Solana nodes to process multiple transactions simultaneously without coordinating with each other. Thus, it helps Solana to boast high scalability at a minimal fee of $0.00025 per transaction.

Its native token, SOL, acts as the network currency for paying transaction fees and participating in the staking protocol. Anyone creating or deploying Smart contracts, NFTs or dApps on Solana can pay the fee imposed by the network in SOL. Furthermore, users holding SOL can vote on proposals related to the future upgrades of the Solana network. While SOL has no maximum supply limit, it has a total supply of 572.7 million, with nearly 444.3 million SOL currently in circulation.

(as of July 2024)

Solana (SOL) Price History

Solana's history in the crypto market began with an Initial coin offering (ICO) in April 2020 at approximately $0.2. Quickly after being listed, the SOL price jumped to $1.50 but soon plummeted to $0.5 by the end of one month. However, its unique approach to scalability and low fee in the DApp and NFT space soon gained recognition in crypto. It coincided with the explosive growth of DeFi in 2020 when these projects were looking for a scalable blockchain, and Solana emerged as a suitable option. This increase in demand was directly reflected in the SOL price that surpassed the $3 mark by August 2020. It was a substantial increase of 1400% since its launch. The rally continued, taking the SOL price to $5 by September 2020. However, it could not maintain the momentum and multi-bagger gains, resulting in the SOL price plummeting sharply in the remaining months of 2020. As a result, Solana ended the year at $1.51, which was still a 586% surge from its launch price.

The following year started well for SOL, as its price doubled within one month. In the same month, the SOL market cap crossed the $1 billion mark for the first time. With bullish sentiments becoming stronger, the SOL price continued surging and hit $19 in February. When everyone expected the SOL price to take the path of correction, its growth accelerated. By mid-May, the coin crossed all Solana price predictions stated by analysts by hitting $61. After this exponential growth, the SOL price suddenly crashed 50% in a single day. Within the next few days, SOL was back at $19. SOL gradually recovered and regained its $40 value in the next few days. At the beginning of the second half of 2021, the SOL price movement became vertical as it broke multiple resistance levels to hit its ATH of $260 in November 2021. This sky-rocking rally resulted from the growing NFT and DeFi ecosystem in 2021, amplified by the bullish market sentiments.

Then came one of the most catastrophic years in SOL history when it lost most of its gains. As we mentioned in our DOGE price prediction, multiple international crypto institutions collapsed this year, collapsing investors' trust in the crypto market. As a collapsed institution, SOL was one of the most affected cryptocurrencies that year; FTX was its big supporter. Since FTX has staked nearly $122 million in SOL, its fall directly impacted SOL price. Things got even worse for SOL as its blockchain faced multiple outages and congestion issues. As a combined effect of all negative factors, SOL lost 94% of its value in 2022.

2023 was the year of recovery for SOL, as we stated in our previous Solana price prediction. With market sentiments recovering, SOL made a noteworthy comeback by tripling in price. It was one of the top-performing cryptocurrencies that gained 1033% in one year by surging from $9 to $102. Part of this price recovery was due to the improved market sentiments after BlackRock applied for Bitcoin Spot ETFs, indicating a nearing mainstream adoption of cryptocurrencies. Another key reason was the launch of a flagship Android product, Solana Mobile, by Solana Labs. Launching such a Web 3-centric mobile device helped Solana regain investors' trust to some extent. Moreover, the Solana team also worked hard to reduce its downtimes, resulting in only one outage throughout 2023 in February for only a few hours.

SOL's growth continued in 2024, with market sentiments steadily tilting towards the more bullish side. Consequently, the SOL price doubled in less than three months, jumping from $109 to $203.

That's what the SOL price has gone through so far. Now, let's jump right to the upcoming possibilities for SOL in the Solana price prediction (INR & USD) sections below.

Solana Price Prediction 2024 (INR & USD)

Our Solana price prediction for 2024 is bullish for various reasons. The foremost reason is the positive market sentiment established by the tremendous fund inflow into the newly launched US-based Bitcoin Spot ETFs. Being a big step towards crypto adoption, these ETFs' popularity has shifted the market's Fear-Greed index to the extreme greed region, with Bitcoin hitting a new all-time high (ATH) for the first time in history before its next halving. Adding to this optimism is the approval of Ethereum ETFs, which will trigger a huge inflow of funds into the market.

The game changer could be the incoming Solana ETFs. Soon after the approval of Ethereum 19-b application, the asset management firm Vaneck and 21 Shares submitted an application for Solana ETF too, considering that Solana price exhibits the same properties as of Ethereum ETFs and can be vied for ETFs. Also, It is predicted that US Presidential elections can upbeat the possibilities of Solana ETF approval if Trump wins, due to Donald Trump's powerful stance on Bitcoin. The chances of Trump winning an election in 2024 can boost market sentiments on crypto currencies, especially the major ones.

Another reason we are bullish on the Solana price prediction for 2024 is the ongoing Solana memecoin mania. The craze for Solana blockchain-based meme coins has been skyrocketing since the beginning of this year. New Solana meme coins likeBONK, BOME, SLERF, and over a dozen more are emerging as the record-breaking top gainers, also bulging as top memecoins by market cap indicating that Solana is emerging as the blockchain of preference for new meme coin projects. The same trend we explained in our BONK price prediction in detail.

The meme mania leads to a surge in the on-chain activity on the Solana blockchain, pumping all the associated core metrics. For instance, the wallet addresses, daily transaction volumes and daily activity on Solana have registered considerable growth this year. Occasionally, the daily trading activity on Solana's DEX went even higher than that of their Ethereum counterparts. While it does raise some concerns about participants sending SOL coins to anonymous digital wallet addresses with the expectation of receiving new meme coins at pre-sale prices, overall, it benefits the Solana ecosystem and could be a Top crypto to invest in 2024.

Since the popularity of these Solana ETFs and meme-coins seems to continue this year, our Solana price prediction for 2024 in USD ranges from $350 (maximum), $154 (minimum) and $225 (average).

The same Solana price prediction for 2024 in INR is - INR 29,180 (maximum), INR 12,841 (minimum) and INR 18,760 (average).

Solana Price Prediction 2025 ( INR & USD)

Multiple analysts expect 2025 to be the year of the next bull run. They made this prediction after analysing the historical performance of the crypto market around the Bitcoin halvings. Since the establishment of the crypto market, Bitcoin halvings have initiated a strong bull run that has lasted for over a year. Whether in 2012, 2016 or 2020, Bitcoin halving has always been followed by a tremendous bull run in the next year. Thus, if the same market movements repeat this year, we can expect SOL to make exponential gains as it did in 2021.

Notably, the Solana ETFs are expected to launch by March 2025, if Solana ETFs get a green flag by the SEC, the Solana price could soar to new remarkable highs. Moreover, the rising popularity of Solana phones could also have a significant impact on Solana price. While it took nearly a year for Solana to sell 20,000 units of its first Web 3-supportive phone, its second phone has hit 100,000 pre-orders in only a month. This second-phase phone will be similar to the first one but will have custom features to integrate trade and cryptocurrency investments. As the shipment of these phones could begin by early 2025, we can see a direct effect on the SOL price.

Considering all these factors, our Solana price prediction 2025 ranges from $530 to $350, with $490 being the average point.

The exact Solana price prediction for 2025 in INR is—INR 44,200 (maximum), INR 29,193 (minimum), and INR 40,870 (average).

Solana Price Prediction 2026 (INR & USD)

Regarding Solana's Price prediction for 2026, it is important to consider the possibility of Solana ETFs. With Bitcoin Spot ETFs gaining approval in 2024 and Ethereum ETFs possibly getting approval soon, many analysts expect to get some exciting news soon on Solana ETFs.

On January 17, 2024, Franklin Templeton, a giant asset manager, admired Solana blockchain's progress and continuous development. This overwhelming praise by an investment firm sparked discussions regarding the potential introduction of a Solana ETF. Thus, there is a slight possibility that SOL can get its first ETFs by 2026.

Another important aspect is the historical movement of Solana after the bull run ends. As we saw in 2022, SOL lost most of its gains after the bull run of 2021 came to an end. If the same pattern repeats, we can see that the SOL price will face a downtrend throughout 2026.

Balancing all these factors, our Solana price prediction for 2026 ranges from $590 (maximum), $380 (minimum) and $510 (average).

The same Solana price prediction for 2026 in INR is - INR 49,200 (maximum), INR 31,700 (minimum) and INR 42,500 (average).

Solana Price Prediction 2030 (INR & USD)

Solana's long-term game looks strong due to its continuous upgrades, collaborations, and achievements. It outperforms its competitors in transaction processing capacity, speed, and scalability. In recent months, it has also left Ethereum behind in terms of daily volume and activity. This scenario indicates that SOL has enormous potential.

With its continuously evolving ecosystem of meme coins, DeFi, DEX, and NFTs, Solana is on track to remain one of the leading layer-1 blockchains for NFT and DApp creation.

Thus, our Solana price prediction for 2030 ranges between $1,125 and $890, with an average price of $1,065.

This Solana price prediction for 2030 in INR would be INR 93,800 (maximum), INR 74,230 (minimum) and INR 88,820 (average).

Solana Price Prediction 2040 (INR & USD)

Giving Solana price predictions for 2040 is challenging because cryptocurrencies can be unpredictable. However, we've tried our best to give a reasonable estimate.

Firstly, the DeFi and NFT space has a huge untapped potential due to the rising popularity of decentralized alternatives to existing finance options and the art market. Secondly, Solana has proved its resilience after recovering from its severe collapse in 2022.

Considering these factors, our Solana price prediction for 2040 in USD is $1,780 (maximum), $1,490 ( minimum), and $1,630 (average).

The same Solana price prediction for 2040 in INR is - INR 1,48,450 (maximum), INR 1,24,270 (minimum) and INR 1,35,950 (average).

Below is a compiled Solana price prediction for 2024, 2025, 2026, 2030 and 2040 in USD:

The same Solana price prediction in INR for these years is as follows:

Can Solana Reach $1000?

As per our thorough analysis of its rising popularity, adoption and new updates, Solana can reach $1000 by 2030. With an impressive surge of 800% during a mildly bullish period, SOL has demonstrated substantial market potential and room for further expansion. Since its launch, SOL has broken dozens of important resistance levels and has risen significantly. With a lunch price of only $0.2, SOL made an all-time high of $260 within two years.

Additionally, multiple analysts call Solana the "Ethereum killer" due to its exponentially high speed and scalability. It has even outpaced Ethereum in the daily trading volumes and activity recently due to the ongoing memecoin saga. Moreover, the popularity of Solana-based meme coins has just begun, strengthening the chances of price growth in the upcoming time. Currently priced at $186, SOL must surge by 437% to achieve the $1000 milestone. Given its previous stellar rally of 800% in the past year, there's a strong likelihood that SOL could indeed reach the $1000 mark in the coming years.

Can Solana Reach $3000?

It is only a matter of time before Solana reaches $3000. Though it seems a distant dream for the SOL price to hit $3000 at its current levels, it is still a plausible goal for this Ethereum competitor. The coin has grown exponentially through its rising popularity, unique PoH consensus, and expanding ecosystem. According to various reports and analysts, SOL is bullish and has huge untapped potential.

Being one of the most popular DApp development blockchains, Solana gives strong competition to Ethereum and other layer-1 Smart contract development platforms through its exponential scalability and lightning-fast transaction speed. Moreover, it is also emerging as a go-to platform for new meme coins like BONK and BOME, further solidifying its position in the crypto space. Thus, while the road to $3000 may be long, with potential hurdles along the way, this milestone is within reach, albeit possibly taking several years to materialize. So, can Solana climb to $3000? It's not just a possibility; it's a journey that's already begun, fueled by Solana's technological prowess and growing ecosystem.

FAQs

What is the Solana price prediction for the next bull run?

As per our analysis of the crypto market and Solana's price history, we expect the next bull run to begin by the last quarter of 2024. Looking at the ongoing performance of SOL and its associated meme coins, its price prediction for the next bull run looks promising. We expect SOL to hit $530 or INR 29,193 in the next bull run of 2025.

What will Solana be worth in 2025?

As per our Solana price prediction for 2025, we expect it to hit the $530 mark in the bullish scenario. However, if things don't unfold positively, we can see SOL at the $350 price level. The same price possibilities in INR are INR 44,200 (maximum) and INR 29,193 (minimum). Solana's actual worth in 2025 will depend on its ecosystem growth, technical performance, and overall market sentiments.

What is the Solana price prediction for 2024 in USD and INR?

Looking at Solana's current market performance, upcoming launches, and other macroeconomic factors, we expect it to hit the $350 mark by the end of 2024. However, in case of any significant black swan event or reverse sentiments, the SOL price can be seen at $154 levels. This same Solana price prediction for 2024 in INR is INR 29,180 (maximum) and INR 12,841 (minimum).

How much will Solana be worth in 2040?

Solana's long-term outlook looks positive and promising. Thus, our Solana price prediction for 2040 ranges from $1,490 to $1,790, depending on the best or worst-case scenarios. The corresponding Solana price prediction for 2040 in INR is INR 1,48,450 (maximum) and INR 1,24,270 (minimum).

Where to buy SOL in India?

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