Will Solana Reach $500? – CrowdWisdom360


Will Solana Reach $500?: Solana was launched in March 2020, with a goal to make transactions ‘fast and cheap’, which become the talking point about Solana since its launch.

Will Solana Reach $500?

Reaching an all-time high of market capitalization of $3 Trillion in November 2021, the total market cap lies at just above $1 Trillion. The market has lost more 2/3 of its value in just 7 months. All the cryptocurrencies went down after November, which made the investors realise to evaluate their investments on the true value addition that the tokens would give.

Solana is a token that is valuable for any investor, the question is how good an investment it is? Can it reach its all-time high again? Can it maybe surpass its all-time high? Can it reach $500, or how long will it take for SOL to reach $500? Just to put it in perspective $500 is the exact double of Solana’s All Time High of $258 which it achieved in June 2021. There are high chances it can, but how real are they and when will that happen, let find out…

Solana was launched in March 2020, with a goal to make transactions ‘fast and cheap’, which become the talking point about Solana since its launch.

Benefits of Solana

  1. Transaction Fees: The transaction fees (average) charged by Solana is amongst the lowest in the market, approximately $0.00025 (as of July 21, 2022).
  2. Transaction Capacity: Solana can handle more than 50,000 Transactions per second which makes it worthy of being a 3rd generation blockchain.
  3. Security: Solana uses a combination of Proof-of-Work and Proof-of-History mechanisms which gives it the security and efficiency of both the mechanisms. The best of both, if you will.

Things not working for Solana

Outages: Solana has experienced many outages in the past 2 years that it becomes immensely frustrating for its stakers to be UpToDate with the immense backlog after the system recovers. Solana Foundation has tried to blame the outages on force majeure, but unsuccessful.

Ethereum’s merger: It is not insignificant that once Ethereum’s merger goes through, SOL will not just have to compete against ETH but all those cryptocurrencies running on the Ethereum blockchain which would make them fast and scalable, which is what Solana stands for. However, even after the merger, ETH will remain a 2nd generation token and Solana will remain a 3rd generation, so the advantage for Solana will be there, but chances are it may not remain for long, since Ethereum’s community thrives on evolving and developing the cryptocurrency and blockchain in a continuous manner.

Recent Performance of Solana

To understand how well the token might perform, lets see how it is performing right now.

Solana Cardano Ethereum
5 Days +4% +7% +10%
30 Days +20% +1% +35%
90 Days -59% -44% -48%
180 Days -57% -54% -39%

It can be clearly interpreted that Solana, like any other token has not performed well it he last 3 and 6 months, but have nicely picked up since the last 30 days, one of the reasons that might be is the rise in the overall cryptocurrency market.

So, can it reach $500?

Yes, it can. But how? Here’s how: Solana would have to give 12x returns to reach $500. Let assume different percentage growth rates to understand how much time will it take for Solana to reach $500

% Growth No. Of Years
10% Growth 28 Years
20% Growth 15 Years
30% Growth 11 Years
40% Growth 9 Years
50% Growth 8 Years

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Will Solana Reach $500?: Solana was launched in March 2020, with a goal to make transactions ‘fast and cheap’, which become the talking point about Solana since its launch.

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.



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