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Solana (SOL) price prediction 2024

What's in store for the price of SOL this year and beyond?

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Frank Corva

Updated

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Our panel of 31 fintech specialists believes SOL will be worth $284 on average by the end of 2024 before rising to $407 by 2025 and $848 by 2030.

All prices mentioned in this report are in US dollars.

Solana (SOL) price predictions for 2024, 2025 and 2030

Solana (SOL) is set to end 2024 at $284, according to the average prediction by Finder's panel of fintech specialists.

On average, our panelists think SOL will blast past its all-time high of approximately $260 before the year is out, before continuing its ascendence to $407 by 2025 and $848 by 2030.

Sathvik Vishwanath, founder of Unocoin Technologies, is fairly bullish on SOL's 2024 prospects based on its fundamentals:

"Solana's price predictions are based on its strong fundamentals, including its growing ecosystem and developer activity. With increasing interest in decentralized finance (DeFi) and non-fungible tokens (NFTs), Solana is well-positioned for continued growth in the coming years."

Gracy Chen, the managing director of Bitget, also cites SOL's ecosystem as part of the reason she is so bullish about SOL's potential.

"Solana ecosystem projects are gaining momentum, and coupled with the potential of Solana's meme token has become the focus of market attention in Mar 2024. Both whales and retail investors must purchase SOL to participate in the hyped memes on Solana. Therefore, driven the increase in SOL price and further boosts the value of on-chain assets."

While Dimitrios Salampasis, senior lecturer of emerging technologies and FinTech at Swinburne University of Technology, provides one of the lowest predictions for SOL in 2024, he's not out on the project:

"Solana is a notable competitor in the DeFi and DApps space. The price and value of Solana will be determined by its potential increased adoption, technological developments within the network and competition with other networks. Solana must find its niche to ensure positive market sentiment."

Is it time to buy, hold or sell SOL?

Our panel is fairly bullish on SOL.

More than half (60%) of our panelists say that now is the time to buy SOL, with a little over a quarter (28%) saying you should hold onto what you've got.

Just 12% think it's time to sell SOL.

Andy LaPointe, crypto product manager of CryptoWisdom.com, thinks SOL is a buy but has hurdles for mass adoption.

"Solana offers a very robust platform, is cost-effective and speedy. However, no matter how good the technology is for Solana, it still needs regulatory approval to leap to mass adoption."

Kadan Stadelmann, CTO for Komodo Platform, also believes it's time to buy SOL.

"Although Solana has had its fair share of challenges due to its numerous outages, its growth as a blockchain protocol and dApp ecosystem is undeniable. One crucial stat is that the network experienced 10x developer growth between 2020 and 2023."

Henry Robinson, president and cofounder of Decimal Digital Currency, feels it's time to sell SOL.

"DeFi is the primary value offering of layer 1 protocols, Solana needs continued market share growth in these markets to maintain its high value per token."

What drove Solana's growth in Q1 2024?

Solana has been off to a great start in 2024, with the average price of SOL in Q1 trading significantly higher than in Q4 of 2023. The largest segment of the panel (43%) chalk SOL's success up to its robust developer community, while 21% say DApps and the rise of airdrops within the Solana ecosystem have been moving the needle.

Meet the experts

Dimitrios Salampasis

+ Read Dimitrios Salampasis's prediction reasoning

Prediction
$80
Buy/sell/hold
Sellsell
Solana is a notable competitor in DeFi and dApps space. The price and value of Solana will be determined by its potential increased adoption, technological developments within the network and competition with other networks. Solana must find its niche to ensure positive market sentiment.

Andy LaPointe

+ Read Andy LaPointe's prediction reasoning

Prediction
$250
Buy/sell/hold
Buyshopping_basket
Solana offers a very robust platform, is cost-effective and speedy. The network speed has been increasing and the additional hardware products, Saga crypto phone, position Solana as a contender for an inflow of retail and institutional assets. However, no matter how good the technology is for Solana, it still needs regulatory approval to leap to the mass adoption.

Henry Robinson

+ Read Henry Robinson's prediction reasoning

Prediction
N/A
Buy/sell/hold
Sellsell
DeFi is the primary value offering of layer 1 protocols, Solana needs continued market share growth in these markets to maintain its high value per token.

Mitesh Shah

+ Read Mitesh Shah's prediction reasoning

Prediction
$225
Buy/sell/hold
N/A

Kadan Stadelmann

+ Read Kadan Stadelmann's prediction reasoning

Prediction
$300
Buy/sell/hold
Buyshopping_basket
Although Solana has had its fair share of challenges due to its numerous outages, its growth as a blockchain protocol and dApp ecosystem is undeniable. One crucial stat is that the network experienced 10x developer growth between 2020 and 2023.

Shubham Munde

+ Read Shubham Munde's prediction reasoning

Prediction
$500
Buy/sell/hold
Buyshopping_basket
Strong underlying fundamentals, DeFi sector growth, positive market sentiments and memecoin effect are some key factors that will surge the price of SOL in next years.

Alexander Kuptsikevich

+ Read Alexander Kuptsikevich's prediction reasoning

Prediction
$280
Buy/sell/hold
Buyshopping_basket
Solana outperforms Ethereum in several ways that are important for many new crypto projects. However, as a younger coin and often the basis of memecoins, Solana is vulnerable to drawdown as soon as speculative interest in the crypto wanes.

John Hawkins

+ Read John Hawkins's prediction reasoning

Prediction
$25
Buy/sell/hold
Sellsell
N/A

Josh Fraser

+ Read Josh Fraser's prediction reasoning

Prediction
$800
Buy/sell/hold
Long-term capital appreciation in Solana may be more limited than bitcoin (BTC) and ether (ETH) due to higher inflation rates.

Jeremy Eng Tuck Cheah

+ Read Jeremy Eng Tuck Cheah's prediction reasoning

Prediction
$250
Buy/sell/hold
Holdback_hand
N/A

Nick Ranga

+ Read Nick Ranga's prediction reasoning

Prediction
$280
Buy/sell/hold
Holdback_hand
N/A

Yacine Ouldchikh

+ Read Yacine Ouldchikh's prediction reasoning

Prediction
$300
Buy/sell/hold
Buyshopping_basket
N/A

Sathvik Vishwanath

+ Read Sathvik Vishwanath's prediction reasoning

Prediction
$300
Buy/sell/hold
Buyshopping_basket
Solana's price predictions are based on its strong fundamentals, including its growing ecosystem and developer activity. With increasing interest in decentralized finance (DeFi) and non-fungible tokens (NFTs), Solana is well-positioned for continued growth in the coming years.

Desmond Marshall

+ Read Desmond Marshall's prediction reasoning

Prediction
$170
Buy/sell/hold
Buyshopping_basket
Many redditers and community players are simply projecting SOL as an ether (ETH) killer. However, de-throning ETH is difficult as a utility token, given ETH's immense and many new future updates and adoption in the developer community. SOL needs to be a lot more proactive than now in terms of fixing their chain, but adoption is still very slow.

Jeremy Britton

+ Read Jeremy Britton's prediction reasoning

Prediction
$300
Buy/sell/hold
Buyshopping_basket
N/A

Ronen Cojocaru

+ Read Ronen Cojocaru's prediction reasoning

Prediction
$225
Buy/sell/hold
Buyshopping_basket
Same as bitcoin (BTC) and ether (ETH), growing community and development projects.

Jonathan Hababou

+ Read Jonathan Hababou's prediction reasoning

Prediction
$300
Buy/sell/hold
Buyshopping_basket
Very good coin with solid fundamentals.

Ruslan Lienkha

+ Read Ruslan Lienkha's prediction reasoning

Prediction
$260
Buy/sell/hold
Holdback_hand
Solana will partly continue to compete with Ethereum and, of course, will continue to correlate with other crypto majors attracting part of the capital inflow in the industry.

Martin Froehler

+ Read Martin Froehler's prediction reasoning

Prediction
$400
Buy/sell/hold
Buyshopping_basket
N/A

Gracy Chen

+ Read Gracy Chen's prediction reasoning

Prediction
$600
Buy/sell/hold
Buyshopping_basket
Solana ecosystem projects are gaining momentum and, coupled with the potential of Solana's memetoken, has become the focus of market attention in March 2024. Both whales and retail investors must purchase SOL to participate in the hyped memes on Solana — therefore driving the increase in SOL price and further boosting the value of on-chain assets.

Nick Forster

+ Read Nick Forster's prediction reasoning

Prediction
$300
Buy/sell/hold
Holdback_hand
No strong opinions.

Fred Schebesta

+ Read Fred Schebesta's prediction reasoning

Prediction
$250
Buy/sell/hold
Buyshopping_basket
N/A

Johnny Gabriele

+ Read Johnny Gabriele's prediction reasoning

Prediction
$500
Buy/sell/hold
Buyshopping_basket
N/A

Ryan Grace

+ Read Ryan Grace's prediction reasoning

Prediction
$200
Buy/sell/hold
I think it will follow the path of other large-cap cryptocurrencies such as Bitcoin and Ethereum but with more volatility.

Ramy Bekhiet

+ Read Ramy Bekhiet's prediction reasoning

Prediction
$300
Buy/sell/hold
Holdback_hand
Great developer community.

Simon Peters

+ Read Simon Peters's prediction reasoning

Prediction
N/A
Buy/sell/hold
Buyshopping_basket
N/A

Julian Hosp

+ Read Julian Hosp's prediction reasoning

Prediction
N/A
Buy/sell/hold
Holdback_hand
N/A

Lee Smales

+ Read Lee Smales's prediction reasoning

Prediction
$80
Buy/sell/hold
N/A

Pedro Febrero

+ Read Pedro Febrero's prediction reasoning

Prediction
N/A
Buy/sell/hold
Holdback_hand
N/A

Methodology

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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Written by

Writer

Frank Corva is business-to-business (B2B) correspondent for Bitcoin Magazine and formerly the cryptocurrency writer and analyst for digital assets at Finder. Frank has turned his hobby of studying and writing about crypto into a career with a mission of educating the world about this burgeoning sector of finance. He worked in Ghana and Venezuela before earning a degree in applied linguistics at Teachers College, Columbia University. He also taught writing and entertainment business courses in Japan and worked with UNICEF in Namibia before returning to the US to teach at universities in New York City. Earlier in his career, he spent years working as a publicist and graphic designer for record labels like Warner Music Group and Triple Crown Records. During that time, he was also a music journalist whose writing and photography was in published in Alternative Press, Spin and other outlets. See full bio

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