Solana is the world’s first web-scale blockchain with a throughput of 50,000 transactions per second with no sharding technology use. The Solana project combines PoH (Proof-of-History) and PoS (Proof-of-Stake) consensus. This approach improves scalability.
The Solana project has its own SOL cryptocurrency. The main function of this coin is to protect the network by staking.
The Solana Foundation’s goal is to make decentralized finance available to all on a larger scale. And thanks to the incredibly fast processing speed of each transaction, the project attracted a lot of interest from crypto investors.
To learn more about the SOL cryptocurrency, let’s look at the data that the CoinMarketCap service offers (as of 06/07/2021):
- SOL price: $ 34.02
- Market capitalization: $ 9,275,128,729
- Volume (24h): $ 279,951,091
- Circulating supply: 272,637,427.58 SOL
- Total supply: 494,519,162 SOL
- 24 Hour High: $35.36
- 24 Hour Low: $33.36
The history of the Solana Foundation project begins in 2017. The creator of this platform is Anatoly Yakovenko. In 2017, he published a whitepaper, which at that time was a draft. It described the PoH (Proof-of-History) technique, which was new at that time. Later, he joined forces with Greg Fitzgerald and Stephen Akridge to create the Solana Foundation.
The official website of this platform does not have a roadmap and a plan for further actions of the development team. However, 2020 has been a thriving year for Solana. At the very beginning of the year, the developers announced the launch of the main network. Since then, projects such as Serum, Chainlink, Terra, Audius, USDC, and USDT have joined the Solana ecosystem. Over the past year, the network has processed over 8 billion transactions and now has over 300 validators supporting the network around the world. The Solana community has grown to over 600,000 people worldwide.
In 2021, Tesla, Google, and Apple are launching free float tokenized shares on Solana. The number of projects based on Solana continues to grow. On June 9, 2021, the company publicly announced the upcoming launch of a new incubation studio, thanks to which the development of decentralized applications and platforms will be greatly accelerated. 2021 looks promising for this platform.
Crypto community about Solana
Some people think that Solana is worth paying attention to, and that the project is developing more and more and will follow the path of updates.
According to CryptoDiffer (the aggregator of top ICO experts), Solana is ranked first in terms of price in 2021 among other projects.
Some crypto enthusiasts have a neutral view of SOL, not making pessimistic forecasts, but at the same time, not expecting its growth.
And other crypto enthusiasts think that those who buy SOL cryptocurrency are wasting their time.
Solana price prediction 2021
So that you can see the prospect of SOL in 2021, we have collected some data from various services for you.
According to TradingBeasts, the SOL price prediction 2021 is as follows (as of 06/07/2021):
Minimum SOL price for 2021: $26.087
Maximum SOL price for 2021: $41.932
Average SOL price for 2021: $32.11
Year-end SOL price predictions 2021:
Minimum expected: $28.514
Maximum expected: $41.932
Average expected: $33.546
You can see this Solana price prediction 2021 according to the information on the WalletInvestor service (as of 06/07/2021):
Minimum SOL price for 2021: $33.193
Maximum SOL price for 2021: $76.23
Average SOL price for 2021: $53.99
Year-end SOL price predictions 2021:
Minimum expected: $56.197
Maximum expected: $76.23
DigitalCoinPrice analysts predict the following SOL price for 2021 (as of 06/07/2021):
Average SOL price 2021: $50.63
Average year-end SOL price expected: $48.74
Based on the information provided by LongForecast website, the SOL price prediction 2021 will be as follows (as of 06/07/2021):
Minimum SOL price for 2021: $26.07
Maximum SOL price for 2021: $43.53
Average SOL price for 2021: $33.68
SOL price 2021 expected in three months
Minimum SOL price expected: $24.25
Maximum SOL price expected: $31.03
Average SOL price expected: $27.64
Year-end SOL price predictions 2021
Minimum expected: $30.24
Maximum expected: $37.54
Average expected: $33.89
In turn, analysts of the CoinPriceForecast service make the following Solana price forecast for 2021 (as of 06/07/2021):
Mid-year SOL expected price: $35.51
End-year SOL expected price: $65.04
Solana price prediction 2023
Experts of the CoinPriceForecast service suggest that at the beginning of 2023 the price of the SOL coin will be $122.60, in the middle of the year it may reach $150.19, and by the end of 2023 the price for one SOL coin will soar to $177.22.
LongForecast analysts believe that Solana will start 2023 with a maximum price of $82.46, and by the end of the year, the price could rise to $104.01.
Information on the DigitalCoinPrice service shows that the average price at the beginning of the year could be $61.89, and in December it will be $74.35.
Analysts of the WalletInvestor service, in turn, make the most optimistic forecast for 2023. They argue that the price of one SOL coin could reach $258,858 by the end of 2023.
Solana price prediction 2030
Analysts of the CoinPriceForecast service suggest that in the middle of 2030 the price of the SOL coin will be $262.68, and in December 2030 the price may reach $275.12.
Many experts are so confident in the Solana project that they assume that by the end of 2030 the price of the SOL coin may soar to $3,677.87.
Historical price analysis
Any cryptocurrency during the path of its formation could experience price adjustments or high jumps several times. Solana is not an exception too.
All Time High: $58.30 (May 18, 2021)
All Time Low: $0.5052 (May 11, 2020)
After the launch of the mainnet, the SOL price was only $0.5052, which was its all-time low. Then, from February, the price began to gradually rise and until March it was stable at $13-14 per coin. From April to May 2021, the price began to rise at a high rate against the backdrop of the rapid development of the project’s ecosystem. On May 18, 2021, the SOL coin price reached its all-time high of $58.30. And to this day, Solana is stable at $33-36. But one of the leaps occurred in June. SOL coin rose to $43.5 on June 7. The rise came amid news that the blockchain raised from $300 to $450 million, which will go to fight the main competitor of the ecosystem – Ethereum.
The Solana project has active support from such major partners as Microsoft, Google, Catalyst, Tether, Intel, etc.
Although it is impossible to predict the fate of Solana, it definitely deserves attention. Over the past months, Solana has shown itself to be one of the most active projects. Moreover, the developers are not going to stop but will continue to improve this platform.
SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.