Solana (SOL) news and updates
What is Solana (SOL)?
Solana (SOL) Price movement throughout 2020-2021
Solana (SOL) price prediction 2022 – 2030 according to experts
Is it too late to buy Solana (SOL) 2022?
How to Buy Solana (SOL) on Zipmex
In the midst of the ongoing Russia-Ukraine polemic, the price of Solana (SOL) has incredibly increased by 2.66 percent in just 24 hours. So, what is the price prediction for Solana (SOL) in 2022? Which way will the market swing? Let’s find out all the answers in the following review!
Solana (SOL) news and updates
- A collaboration between Solana and Alchemy, the Web3 developer protocol, may develop better Web3 on Solana in the near future.
- On 21 July 2022, SOL’s price dropped by 6% from US$ 44.43 to US$ 41.64 in the past 24 hours, according to CoinMarketCap.
What is Solana (SOL)?
Solana is a blockchain-based platform designed to achieve high-speed transactions and low gas fees.
Like Ethereum, Solana is both a decentralized blockchain itself and a friendly host for crypto applications, such as Degenerate Apes Academy NFT, the first major NFT project on the Solana blockchain; Serum is the decentralized exchange (DEX), and many more.
Indeed, Solana is remarkably dubbed as ‘Ethereum Killer’ on how it can achieve around 50,000 TPS (Transaction Per Second), while Ethereum can only process less than 15 TPS.
With its fast performance, low fixed costs, network stability, developers and financial institutions now have high hopes that Solana can become a Visa of the crypto world in the near future.
Solana’s native cryptocurrency is SOL, utilized primarily for transaction fees and staking fees on the Solana Blockchain. Indeed, SOL holders are also granted their voting rights toward future platform developments.
For those who are interested, here is a full review of Solana (SOL) for you.
Solana (SOL) Price movement throughout 2020-2021
Before examining the Solana (SOL) price prediction for 2022, let’s have a look at the price movement of Solana during 2020 and 2021 first.
Solana (SOL) price movement in 2020
Solana (SOL) launched its ICO at 0.22 USD and quickly saw its value rise from 1 USD to 1.50 USD in what appeared to be a short amount of time. However, this rise was short-lived, as the price fell to 0.50 USD.
In June, following a period of consolidation, the value of SOL began to climb once more. The SOL price was reported to be around 4 USD towards the end of August. Precisely as in previous instances of price movement, the surge was followed by a loss of about 35% and down to below 2.70 USD. SOL spiked again in early September, reaching a new all-time high of 5.10 USD.
However, the price of Solana (SOL) has dropped by 60% from its prior 5.10 USD to roughly 2 USD. Solana (SOL) finished the year at 1.51 USD, a 70% drop from its September high. Solana’s (SOL) price movement was turbulent at the time, yet it nevertheless generated a profit of 586%.
Solana (SOL) Price Movement in 2021
In the early 2021, Solana (SOL) was able to put in a decent performance following a hard year in 2020, particularly from the tripled increase of the asset’s value during the early years. In February, the price of SOL came close to hitting 19 USD before tumbling down to around 12 USD.
Finally, in April 2021, Solana (SOL) broke the 50-dollar barrier for the first time. The Solana (SOL) price finally hit another all-time high (ATH) of 61.44 USD on May 18, 2021.
At that time, Solana had a market capitalization of almost 15 billion USD. However, the rise did not stay long enough. Despite a greater than 50% drop, SOL was trading at roughly 19 USD at its lowest point.
In June, the price of SOL surged again, reaching a high of 40 USD. A new Solana ATH record of 260 USD was further achieved on November 6th, 2021.
At the end of the year, Solana finished 2021 with a bang at 167 USD, according to CoinMarketCap.
Solana (SOL) price prediction 2022 – 2030 according to experts
SOL price prediction 2022
According to CoinPriceForecast’s latest long-term projection, the price of Solana (SOL) will reach 137 USD in mid-2022 and 155 US dollars by the end of the year.
Instead, according to Gov Capital, the price of Solana (SOL) will be potential enough to reach 587 USD by the end of 2022.
On the other hand, It is predicted that Solana (SOL), based on an Elliott Wave Principle (EWP) study, would drop below the 109-123 US dollar in early 2022. Later, Solana’s pricing will begin a rebound and reach a 160 USD price tag by mid-2022.
SOL price prediction 2025
According to predictions by CryptoPolitan, Solana’s progress and changes are considered capable of being a blockchain revolution. The upgrades on the Solana blockchain will make it more developer-friendly while at the same time, offering Solana privacy and resilience. Therefore, its 2025 price prediction looks bright. Based on the site, it will reach a maximum price of US$213.55 and a minimum price of US$ 174.43.
Meanwhile, the prediction of Solana’s price by WalletInvestor says that SOL price will increase to US$ 421 by the end of 2025.
A more bullish outlook is given by Gov.capital. The site’s expert expects the 2025 SOL price to surpass US$ 1,600.
However, the prediction for 2025 from DigitalCoinPrice is less optimistic, estimating that SOL will only reach US$ 135.67.
SOL Price Prediction 2030
According to CoinPriceForecast, Solana’s predicted price for 2030 is US$ 319.07 by the end of 2030.
Finder‘s forecasts appear to be more bullish even though the predictions are similar. Solana’s predicted price for 2030 is US$ 1,267.
Is it too late to buy Solana (SOL) 2022?
Although Solana was trading below its all-time high of 260 USD in November 2021, it has outperformed the majority of other cryptocurrencies.
It’s never too late to buy and invest in Solana (SOL) in 2022, as the crypto industry continues to be surprised by new infrastructure and innovation from Solana. Today, Solana has built a reputation as a successful host for a wide range of dApps, DEXs, DeFi platforms, and automated market makers (AMM).
That’s not all: Solana recently landed its arrival in NFT (non-fungible tokens) sector through its new NFT marketplace, Solonart. Now, the gap between NFT investors and artists can become closer through the Solana blockchain.
How to Buy Solana (SOL) on Zipmex
If you’re sure to invest in Solana (SOL), Zipmex is the perfect place to start your trading journey in 2022.
Zipmex is a cryptocurrency trading platform that is highly secured and investor-friendly. To find out how to buy Solana (SOL) on the Zipmex application, let’s see the guide below.
- To buy Solana (SOL), you must first register and complete the KYC process first. Click the button below to get started.
- After the registration and verification process is complete, the next step is to deposit some funds into the Trade Wallet. You can review a guide to deposit funds in your Trade Wallet here.
- Click the blue circular “Trade” button in the menu bar below. Select the “Buy Assets” menu.
- Choose the trading pair you want, for example, SOL/USD or SOL/USDT.
- Select type of order. You can either choose “Market Order” to make a transaction using the current real-time price in the market or select “Limit Order” to make a transaction using a price adjusted to the price you want.
- Enter the nominal or amount of assets you want. Once double-checking all the available information, click “Confirm” to proceed.
- Click “Confirm.”
- Solana’s (SOL) purchase transaction will be processed immediately. Your SOL assets can be found later in the Trade Wallet section.
Buying SOL is as simple as a piece of cake. Now it’s your turn! Click to buy SOL on Zipmex Exchange today
Disclaimer: The information provided in this article is not intended to provide investment or financial advice. Investment decisions should be based on the individual’s financial needs, objectives, and risk profile. We encourage readers to understand the assets and risks before making any investment entirely.
