Solana Price Prediction (SOL) for 2022
Rancakmedia.com – Do you already know the Solana price prediction (SOL)? If not, you can find out in the article below.
In the midst of the ongoing Russia-Ukraine polemic, CoinMarketCap data shows the price of Solana (SOL) has increased by 2.66 percent in the last 24 hours.
What is Solana (SOL) at a Glance
Solana is a crypto computing platform that aims to achieve high transaction speeds and low transaction fees. Like Ethereum, Solana is both a crypto asset and a platform for launching crypto applications.
From the Degenerate Apes Academy NFT (the first significant NFT initiative on the Solana blockchain) to the Serum decentralization exchange (DEX).
What is unique about Solana, this platform can handle around 50,000 transactions per second. Ethereum, on the other hand, can only handle about 15 transactions per second.
Developers expect Solana to grow to compete with Visa due to its fast performance and minimal fixed costs.
In terms of staking and transaction costs, Solana's native coin SOL is the preferred choice. SOL may also grant its bearer voting rights in future platform upgrades.
Solana Prices (SOL) from Year to Year
Below is Solana's price movement from 2020-2021, as follows:
Solana Price (SOL) in 2020
In early trading, Solana (SOL) started selling at a price of 0.22 US dollars. The value of SOL quickly jumped to $1.50 and then rebounded shortly after.
However, this increase was followed by a decrease to 0.50 US dollars. In June, after a stabilization period, SOL values started to increase. In August, SOL is trading at over US$4.
The previous price move was followed by a drop of nearly 35% and all the way down to under $2.70, as it did this one. In early September there was another increase, SOL was at the level of 5.10 US dollars.
But again the price of Solana (SOL) fell 60 percent to around US$2 from the previous US$5.10. At $ 1.51, Solana (SOL) finished the year down 70% from September highs.
Even though it seemed unpredictable, SOL's price movements still resulted in a profit of 586 percent at that time.
Solana Price (SOL) in 2021
Despite experiencing ups and downs in 2020, Solana (SOL) managed to show quite a proud performance at the beginning of 2021.
The reason is, this asset managed to treble at the beginning of the year. In February, the price of SOL almost reached $19, before falling to around $12.
Then, Solana (SOL) managed to surpass USD 50 for the first time in April 2021. During the subsequent price explosion for Solana (SOL), it surged to an all-time high (ATH) at $11.44 USD. This ATH moment occurred on May 18, 2021.
At that time, Solana had a market capitalization value of over $15 billion. However, this growth did not last long enough.
A drop in SOL's value of more than 50 percent sent the stock down to around 1TP4Q19. There is improvement, SOL prices jumped again in June, with the price touching 40 US dollars.
Then Solana managed to set an all-time ATH record on November 6, 2021 at the level of US$260, equivalent to IDR 3.7 million (assuming an exchange rate of IDR 14,310).
Based on CoinMarketCap data, Solana closed 2021 with a SOL to IDR value of IDR 2.4 million. The latest SOL to IDR price as of March 16, 2022 is IDR 1,204,508.
Solana Price Prediction (SOL) in 2022 According to Experts
According to the latest long-term prediction by CoinPriceForecast, the price of Solana (SOL) will reach 137 dollars in mid-2022 and will reach 155 dollars by the end of the year.
The Solana price prediction (SOL) made by Gov Capital states that SOL will fly high at the level of US$587 by the end of 2022.
Meanwhile, based on a study using the Elliott Wave Principle (EWP) theory, CryptoNewsz predicts that Solana (SOL) will fall below the US$109-123 area for early 2022.
After that, the price of Solana is predicted to start to rebound. and may move up to the $160 price tag in mid-2022.
Is it Too Late to Buy Solana (SOL) 2022?
Although now trading well below ATH levels in November 2021, Solana has outperformed most other cryptocurrencies.
Solana recorded an all-time high of $260 in November 2021. However, it's never too late for you to start buying and investing in Solana (SOL) in 2022. Solana's infrastructure is quite advanced.
Many dApps, DEX and DeFi projects as well as automated market builders can be accommodated on the platform (AMM).
Not only that, Solana recently started to dive into NFT (non-fungible token) through its NFT marketplace, Solonart. NFT investors can now easily buy and sell NFTs via the Solana marketplace.
Conclusion
The Solana price prediction (SOL) made by Gov Capital states that SOL will fly high at the level of US$587 by the end of 2022.
In the article above we have discussed Solana (SOL) price predictions, not only that we also discussed Solana prices, and an explanation of whether it is too late to buy Solana (SOL).
Thus the article about Solana Price Prediction (SOL) for 2022, I hope the article above can be useful and helpful for all of you.