Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Solana (SOL) price prediction 2024
What's in store for the price of SOL this year and beyond?
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Estimated reading time: 2 min
Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
What are the key risks?
1. You could lose all the money you invest
- The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets.
- The cryptoasset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure.
2. You should not expect to be protected if something goes wrong
- The Financial Services Compensation Scheme (FSCS) doesn't protect this type of investment because it's not a 'specified investment' under the UK regulatory regime – in other words, this type of investment isn't recognised as the sort of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker.
- The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm or Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA regulated firm, FOS may be able to consider it. Learn more about FOS protection here.
3. You may not be able to sell your investment when you want to
- There is no guarantee that investments in cryptoassets can be easily sold at any given time. The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time.
- Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want.
4. Cryptoasset investments can be complex
- Investments in cryptoassets can be complex, making it difficult to understand the risks associated with the investment.
- You should do your own research before investing. If something sounds too good to be true, it probably is.
5. Don't put all your eggs in one basket
- Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.
- A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
If you are interested in learning more about how to protect yourself, visit the FCA's website here.
For further information about cryptoassets, visit the FCA's website here.
Quick overview
- Solana will be worth $407 by 2025, our expert panel predicts
- Solana will be worth $848 by 2030, our expert panel predicts
- 15% of UK crypto owners hold Solana
- Solana is the 5th most popular cryptocurrency in the UK
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 panellists 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 panellists 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
Dimitrios Salampasis
Prediction
$80Buy/sell/hold
SellsellSolana 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
Andy LaPointe
Prediction
$250Buy/sell/hold
Buyshopping_basketSolana 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
Henry Robinson
Prediction
N/ABuy/sell/hold
SellsellDeFi 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
Mitesh Shah
Prediction
$225Buy/sell/hold
N/A
Kadan Stadelmann
Kadan Stadelmann
Prediction
$300Buy/sell/hold
Buyshopping_basketAlthough 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
Shubham Munde
Prediction
$500Buy/sell/hold
Buyshopping_basketStrong 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
Alexander Kuptsikevich
Prediction
$280Buy/sell/hold
Buyshopping_basketSolana 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
John Hawkins
Prediction
$25Buy/sell/hold
SellsellN/A
Josh Fraser
Josh Fraser
Prediction
$800Buy/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
Jeremy Eng Tuck Cheah
Prediction
$250Buy/sell/hold
Holdback_handN/A
Nick Ranga
Nick Ranga
Prediction
$280Buy/sell/hold
Holdback_handN/A
Yacine Ouldchikh
Yacine Ouldchikh
Prediction
$300Buy/sell/hold
Buyshopping_basketN/A
Sathvik Vishwanath
Sathvik Vishwanath
Prediction
$300Buy/sell/hold
Buyshopping_basketSolana'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
Desmond Marshall
Prediction
$170Buy/sell/hold
Buyshopping_basketMany 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
Jeremy Britton
Prediction
$300Buy/sell/hold
Buyshopping_basketN/A
Ronen Cojocaru
Ronen Cojocaru
Prediction
$225Buy/sell/hold
Buyshopping_basketSame as bitcoin (BTC) and ether (ETH), growing community and development projects.
Jonathan Hababou
Jonathan Hababou
Prediction
$300Buy/sell/hold
Buyshopping_basketVery good coin with solid fundamentals.
Ruslan Lienkha
Ruslan Lienkha
Prediction
$260Buy/sell/hold
Holdback_handSolana 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
Martin Froehler
Prediction
$400Buy/sell/hold
Buyshopping_basketN/A
Gracy Chen
Gracy Chen
Prediction
$600Buy/sell/hold
Buyshopping_basketSolana 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
Nick Forster
Prediction
$300Buy/sell/hold
Holdback_handNo strong opinions.
Fred Schebesta
Fred Schebesta
Prediction
$250Buy/sell/hold
Buyshopping_basketN/A
Johnny Gabriele
Johnny Gabriele
Prediction
$500Buy/sell/hold
Buyshopping_basketN/A
Ryan Grace
Ryan Grace
Prediction
$200Buy/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
Ramy Bekhiet
Prediction
$300Buy/sell/hold
Holdback_handGreat developer community.
Simon Peters
Simon Peters
Prediction
N/ABuy/sell/hold
Buyshopping_basketN/A
Julian Hosp
Julian Hosp
Prediction
N/ABuy/sell/hold
Holdback_handN/A
Lee Smales
Lee Smales
Prediction
$80Buy/sell/hold
N/A
Pedro Febrero
Pedro Febrero
Prediction
N/ABuy/sell/hold
Holdback_handN/A
Methodology
* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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