Solana is one of the most up-and-coming and popular cryptocurrencies with currently spectacular profits in the past few months.
From the current chart it can be seen that the Solana price has significantly outperformed the other crypto prices. With around 25,650 percent growth, the price has increased from a few cents to the current price of 238 US dollars since mid-2020. With a three-digit rate, Solana is not a crypto heavyweight, but has been able to convince in percentage terms in the past few months.
A prognosis for the price development for the year 2022 cannot be made at the moment.
Behind the new cryptocurrency is the Solana blockchain from the San Francisco-based company of the same name. The Solana was developed in 2017 by Anatoly Yakovenko. The history of the currency begins about ten years after Bitcoin was created. The first Solana token (SOL) was floated on the stock exchange in March 2020.
Digital contracts can be drawn up with the blockchain. These are the "smart contracts" and are used in the crypto world above all to link transfers to various conditions and to have them run automatically. This system should be able to execute a total of 50,000 transactions per second.
No expert currently knows how the Solana will perform in the next year or in the long term in 5 or 10 years. It is therefore advisable to invest in the currency for the long term, to find out about news and current forecasts from the experts.
In general, it is advisable to spread the risk and only invest small amounts of money in the Solana and to find out about opportunities, crypto currencies and risks independently.
Depending on the Solana forecast for the coming years, the investor should inform himself well about his own financial needs and assessment of his risk and only then decide whether he wants to buy or sell.
The current price forecast of the Solana is generally positive in the long term, but the investor should closely follow the latest news, expert opinions, posts in social media, legal requirements and restrictions and the current price development every week.
The current course of the Solana and forecasts for 2022
Before looking to the future based on the SOL forecast, it is important to take a look at the rates in the past - because that is also important in order to be able to optimally assess the course and volatility of the currency, because in general it is about Solana is one of the most famous crypto currencies with a lot of potential.
The Solana was only launched in the spring of 2020 with the help of the Solana IPO and mostly hovered between $ 1 and $ 4 throughout the year. Meanwhile, Solana price suffered a huge 75 percent drop for a short period of time as it fell from around $ 4.80 in August to $ 1.20 in December. 2020 ended the currency at a rate of 1.84 USD.
Since then, however, the price has had an extraordinary rally and thus beat all forecasts for 2021. With the current 12,200 percent increase to around USD 230, the Solana currency is one of the top 5 coins when it comes to the development of the value since the beginning of the year goes. In terms of performance, the Solana is only overtaken by Axie Infinity, Fantom and Telcoin, followed by the Matic with 12100 percent.
The rally of the Solana course in 2021 primarily took place in two huge climbs that exceeded all short-term as well as long-term forecasts for the Solana. From the beginning of the year to the end of April, the SOL rose from around USD 2 to around USD 45. The cryptocurrency then took a short break in order to continue the rally from the month of August. In just one month, the value quintupled from 40 to 200 USD. This level of around USD 200 also provides the basis for the current forecast for 2022 and the following years.
The Solana is a soaring cryptocurrency and this may be an answer to the question of which cryptocurrency will continue to rise. The Solana has already exploded. About a year ago, in October 2021, the exchange rate was still below $ 2, while a new s all-time high of $ 213 was recorded on September 9, 2021.
The total market capitalization is 55 billion US dollars. The currency, which was re-launched in 2017, has been soaring for about a year. This happened because the Solana is based on the timestamp algorithm, which clearly differs from many other algorithms that are used with crypto currencies. This algorithm makes it possible to append automatic transactions one after the other that are completed in fractions of a second. Here the Solana relies on the proof-of-stake principle. It is therefore possible that staking will take place here. This is a procedure with which the investor in the blockchain network can reach an agreement so that he knows which participant in the network can create the next block.
Staking means that digital currencies can be stored in the Proof of Stake blockchain for a certain period of time. This means that all transactions that have been carried out can be seen on the blockchain.
The fact that the forecast for 2022 Solana had foreseen, but did not occur when the question was asked which cryptocurrency will explode, shows that the market is always good for surprises. Investors should also bear this in mind if they decide to invest in this cryptocurrency, which is predicted to be a good starting point in the forecast for 2022. The cryptocurrency, which is named when it comes to the fact that it will explode, can also experience major corrections. The market is generally unpredictable.
The forecast for the Solana
Compared to stocks, for which the value of the stock can be determined quite well using key figures such as the P / E ratio, the KUV, the expected return or the growth rate, this is much more difficult with cryptocurrencies such as the Solana. On the one hand, these are not companies that sell a special product with the intention of making a profit, on the other hand, cryptocurrencies are particularly volatile and only comparable to a limited extent.
A Solana price forecast for 2022 based on the fundamental data is therefore very difficult, as there is no exact road map for this coin. It is important, however, that the development of the Solana has been very strong in the last 2 years and that a new kind of size is growing in blockchain technology. Not only is the Solana now delisted on all well-known crypto exchanges, it also has many applications, especially in the area of DeFi and dApps, but also for such transactions at the blockchain level. This is exactly how the crypto exchange runs on the Solana network.
With the flourishing development, the Solana is increasingly becoming a competitor for Ethereum and is also viewed by experts as a so-called Ethereum killer. In terms of technological innovation, transaction costs and speed, Solana has a lot ahead of Ethereum, but in terms of uniformity and distribution, Ethereum is definitely ahead.
From the current perspective, it is difficult to say whether the Solana will one day be able to replace Ethereum. Another conceivable scenario is that both networks exist together. If, however, it is assumed that Solana can at least catch up with Ethereum at some point, the price forecast must be equated with the current market capitalization of Ethereum.
Ethereum currently has about eight times the market capitalization of Solana at 69 billion US dollars. If Solana can now join Ethereum within 4 years, that would amount to a Solana prognosis of around 1,800 US dollars from 2022 to 2025.
However, this does not take into account the general changes in the crypto market and an ongoing bull market or a bear market emerging in the future. The Solana course would therefore have a potential of around 800 percent in the long term. It is just as difficult to predict at the moment whether this solana forecast will occur in 2025 or already in 2024 or not until 2026.
What factors influence the course of the Solana?
In general, the forecasts for the Solana are only approximate predictions of future prices. The course can primarily be steered in both directions by external factors, which means that all expectations of the market, regardless of whether they are short or long-term, can change, which can affect the Solana forecast.
A distinction must be made between factors that only influence the Solana rate and other events that can change the entire crypto market with the Solana.
All these influences and also other external factors can change the Solana's future very strongly. Above all, major cuts in the crypto sector due to extensive state regulation or the general ban on cryptocurrencies or technological events such as large hacker attacks could correct the forecast for the Solana down by 50 to 90 percent.
The Solana has had to accept declines in price over several months - and has always been able to compensate for this very well with stronger subsequent increases and therefore significantly exceed the forecasts.
For example, the Solana fell from $ 4.80 to $ 1.20 from August to November 2020 and from $ 55 to $ 23 from May to July 2021. Those losses were then always made up again within a month after the end of the downtrend, which shows the strength of the Solana.
The Solana falls primarily due to natural mechanisms in the crypto market. After the sharp rises, there are corrections again and again as the returns are carried away. At the same time, this gives the course the opportunity to get its fair value and generally not to be overrated.
My Top PicksHoneygain - Passive earner that pays in BTC or PayPalMandalaExchange -The Best no KYC crypto Exchange!
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAIWomplay - Mobile dApp gaming platform that rewards in EOS and BitcoinCointiply - The #1 Crypto Earning SiteLiteCoinPay -The #1 FaucetPay earner for LitecoinUpland - Collect Digital Properties & Test Your SkillsLBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!FaucetPay - The #1 Microwallet PlatformFREEBTC - The #1 FaucetPay earner for Satoshi'sFaucetCrypto - An earning/faucet site that pays out instantlyFireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, USDT, FEY, 25 Claims Daily
Comments
Post a Comment