How High Will Solana Go This Year?


Read our detailed analysis on How High Will Solana Go This Year and the Solana Price Prediction 2022.

On November 6th, 2021 that is 9 months ago, Solana hit its all-time high price of $260.06. Since then the price of Solana has tumbled and today the price of Solana is over 80% lower than its all-time high price. Solana is currently trading below $50 and has lost around 70% of its value since January 2022. In the first week of January 2022, Solana was trading at over $170.

The latest price of Solana is:

How High Will Solana Go This Year: A Simple Calculation

What If Solana Rises 20% and 50% Every Month?

Price as of July 29th $43.53
Market Cap as of July 29th $15.06 B
If Solana were to rise 20% a month, what will be Price By the End of 2022? $108
If Solana were to rise 50% a month, what will be Price By the End of 2022? $330

If Solana gains 20% every month, by the end of 2022, Solana’s price could reach $108. If Solana rises 50% every month, we could see the price of Solana reaching $330.

How High Will Solana Go This Year: Analysts Prediction

In the last 48 hours, the momentum of Solana has been bullish. The crypto market has remained at over $1T. Here is the prediction by different analysts for Solana this year:

PricePrediction.net: After the latest surge in the price of Solana, the analysts at PricePrediction.net are slightly bullish about Solana for the end of 2022. As per them, the maximum price of Solana by the end of 2022 could be $68.27. The platform predicts the minimum price of Solana by the end of 2022 could be $59.08. For the rest part of the year, the average Solana Price Prediction 2022 is $61.46.

Technewsleader: The analysts at Technewsleader are also optimistic about the Solana Price Prediction 2022. As per them, by the end of 2022, the maximum price of Solana could be $72.45. The minimum price prediction of Solana by the end of 2022 by Technewsleader is $63.13 and the average price of Solana as predicted could be $65.13.

CoinPriceForecast: As per CoinPriceForecast, Solana Price by the end of 2022 will remain below $70. The price prediction for Solana for the end of 2022 is $67.48.

How High Will Solana Go This Year: Factors That Could Influence the Rise of Solana

Solana has been one such cryptocurrency that has been able to rise quickly and has also lost a maximum of its value very quickly. Here are the factors that could influence the rise of Solana:

  • Geopolitical Events: Geopolitical events like war, an increase in tax in the US, and crypto regulations have influenced the price of Cryptocurrencies widely. The ongoing Russia-Ukraine conflict has been one of the major causes for the price of cryptocurrencies to fall. Solana’s price has been widely influenced by such events. If there is no major disruption in the remaining part of this year we may see Solana’s price rising once again.
  • Glitch in Solana’s Network: Solana has been very much affected by the network glitch. Many times due to the glitch in Solana’s network there has been panic selling leading to a massive crash in the price of Solana. Therefore, even if the market condition improves, the network issue of Solana may lead to a crash in the price of Solana.
  • Increase in the Long-Term Holders: The surge in the price of Solana will also depend on the holders. If there are maximum short-term holders then there are maximum chances for the price to rise temporarily as these holders look for short-term profit and exit the market after they make some profit out of their investment. Therefore, for the price of Solana to rise, there must be an increase in the number of long-term holders,

How High Will Solana Go This Year: A Video Analysis

YouTube video

Read: Shiba Inu Coin Price Prediction



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