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Can Solana Price Reach $10,000? – The big Solana prognosis for the future

 


What is Solana (SOL)?

Solana is a blockchain network that is characterized by an extremely fast transaction speed and thus extremely high scalability. Solana's blockchain can theoretically process up to 50,000 transactions per second. This high speed is possible thanks to the proprietary proof-of-history consensus mechanism. 


Solana Coin

Solana's network token is the SOL. The SOL token saw a massive gain in value in the 2021 bull market. This was mainly due to the great hype surrounding the extremely high transaction speeds at Solana. Solana has been used more and more by dApp developers over time. The Solana blockchain has become increasingly important, especially in the area of ​​NFTs.


How has the SOL token moved over the past few months?

The SOL token saw a massive price surge in 2021 within the bear market that propelled the cryptocurrency into the top 10 coins by market cap. The SOL token reached an all-time high of $260 in November 2021. 

After this all-time high, the bear market set in and the price fell sharply in value. At the turn of the year, the SOL rate was only $170. There were further heavy losses in January before the SOL price was able to recover in the following months. In May and June the declines continued. 


In mid-June, the SOL price fell to $28. The SOL price has lost more than 85% of its all-time high. In the weeks and months that followed, the price was able to recover. At the beginning of October, the SOL price is now at $33. 


Why was Solana so popular in the bull market?

Solana saw massive hype in 2021. This was mainly due to the very high transaction speeds of the Solana blockchain. In theory, Solana should be able to process up to 50,000 transactions per second. This makes Solana faster than almost all other blockchains.


The high speeds ensure that the Solana blockchain is extremely scalable. Decentralized applications can thus grow extremely quickly on the Solana blockchain via smart contracts. This made Solana extremely popular with developers as the basis of their dApps in 2021.



The big hype surrounding Solana was also strongly related to the role in the NFTs . In the last 1-2 years more and more NFT collections have been built on the Solana blockchain. Solana has established itself as the number 2 blockchain behind Ethereum in NFTs. This caused the massive price gains for the SOL token.


Can the Solana price rise again in the future?

The bear market caused the SOL token to lose more than 85% of its price. This means that the losses at Solana are similar to those of other Altcoins. Still, Solana has managed to stay in the top 10 cryptocurrencies by market cap. Solana is now an established name in the crypto market. 


A future rise in the Solana course can definitely not be ruled out . The Solana course should rise again at the latest for the next bull market. Furthermore, the probability increases that Solana can also establish itself in the top 10 in the bear market. This means that many investors should buy the SOL token again in the next bull market.


Can Solana price hit $10,000?

In 2021, we saw massive gains in the Solana course. At the end of 2020, the SOL was still at $1.50 and rose to an all-time high of $260. The Solana course thus gained by a factor of more than 170. This high could also be repeated in the next bull market. But can the Solana course actually reach $10,000?


Solana forecast 2030

To answer this question, we need to look at how high the Solana price can go in the next bull market and how it will continue in the next few years. In the following, we look at when the Solana price can rise and how high.


How high will the Solana price go in the next bull market?

The bull market may still be a few months away. We could see a stronger surge in the market as early as 2023. But especially after the Bitcoin Halving 2024 , we should very likely see the price rising for weeks and months. This means that the Solana price could also rise more strongly again in 2024 and especially in 2025. 


If we are to determine how high the Solana price can go, we need to look at how cryptocurrency prices will develop in subsequent cycles. Price increases tend to slow down in subsequent bull markets. If we assume that $28 is the bear market low for Solana price and assume a 50x increase, SOL could rally to around $1,400 in the next bull market. 


Possible Solana rate in 2025: $800-$1,500


When Can Solana Price Reach $10,000?

So we could see that the Solana price can reach $1,000 in the next bull market. However, the 10,000 dollars are rather unrealistic in the next few years. If we see a bear market again after that, we could see drops of 85% again. In this case, the Solana price would drop to around $200.


If we then wait another 4 years for another bull market, we could see strong increases again. However, assuming only a 25x increase here, then the Solana price should rise $5,000. 


Possible Solana price in 2029: $2,500 – $5,000


So we can see that according to our calculation, in the next 2 bull markets it is very unlikely that Solana price can reach $10,000. However, the price could still rise massively, which our forecasts show.

Solana's SOL token could be a sensible investment in the bear market now . We must note that this is a risk investment. Solana is currently experiencing its first major bear market and is less established than Bitcoin, Ethereum or Cardano.


Until the next bull market, you now have the chance to regularly invest in the SOL at low prices. You can accumulate the token and make high profits in the event that the Solana price rises again massively in the bull market. 

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