|Can Solana Reach $10,000?: The last 30 days of performance does give hope, however, the declining price in 90, 180 days and YTD performance is due to the overall declining crypto market which has not left any cryptocurrency.|
Can Solana Reach $10,000?
The short answer to this is both yes and no. Yes, because the benefits that Solana offers are immense and it will definitely go a long way in reaching $10,000. However, the trajectory is long and so is the goal, given the volatility of the market, there are chances that SOL can achieve this goal sooner than we expect or may take longer than we expect.
Solana is presently at a 5600% growth from its launch price, but the crypto reached 36000% growth when it reached $258, so what are the chances that it grows 1.2 million % in any given time? Though it is important to note that for reaching $10,000, the crypto would have to multiply 242x.
Past Performance of Solana
|5 Days||30 Days||90 Days||180 Days||YTD||1 Year||5 Year|
The last 30 days of performance does give hope, however, the declining price in 90, 180 days and YTD performance is due to the overall declining crypto market which has not left any cryptocurrency. However, the 55% increase in 1 year’s performance is significant enough to prove that SOL does have value and will definitely continue to rise further.
So, will Solana reach $10,000?
To understand that, lets have a look at every realistic YoY growth that Solana can have and then it will be clear if it can reach $10,000.
|% Growth||No. Of Years|
|10% Growth||59 Years|
|20% Growth||32 Years|
|30% Growth||22 Years|
|40% Growth||18 Years|
|50% Growth||15 Years|
Consider Market Price as $44.37
What would happen if Solana reached $10,000?
If each token of Solana became worth $10,000 then market cap would be $5,116,169,460,000 which is $5 Trillion. This is more than the GDP of many countries.
Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.