February 1, 2023

HowDoYouBuyBitcoins | Solana price predictions: $512 by 2030, Finder says | According to the most recent Solana Price Predictions Report from Finder.com, the price of Solana (SOL) is not forecast to move by a significant amount until the end of 2022. However, if you keep your SOL, you may realize big profits by 2030.

The price of SOL is expected to fall to US$45 by the end of 2022, which is around 75 percent less than its price at the beginning of the year. This prediction comes from Finder’s panel of 54 fintech and Web3 experts. On the other hand, the panel believes that by the year 2025, it will be $166 and that by December 2030, it will be $512.

In point of fact, two-fifths of the experts on the panel believe that the current moment is the best time to purchase SOL, while only 29 percent believe that it is the best time to sell. 55 percent of respondents also believe that SOL has the most potential to surpass Binance in terms of the total value locked on the chain.

Alex Baghdjian, co-founder and partner of Funday, has a prognosis for the end of the year that is in line with the panel’s average at $40. He also adds that now is the moment to acquire SOL because the community is prospering due to the increasing number of developers.

Paul Levy, a senior lecturer at the University of Brighton, anticipates a slightly higher EOY price for SOL of $60, in part due to the large community that it has: “There has been favorable comment from the tech community about Solana’s stability and its efficient performance. This could underpin it as a safe bet as long as continued development and consistency are achieved.”

Digital Capital Management managing director Ben Ritchie, also predicts that SOL will end the year at $40. He agrees with Baghdjian that SOL has a promising future due to its scalability with one caveat: 

“…Frequent offlines and clock problems may hinder its success. We estimated the SOL token will be up to $500 in 2030 if they can address the issues on blockchain reliability, especially when the network traffic is high.”

Solana has faced recurring power outages since September 2021, and 69% of the panel think this problem will persist. Only 6% think otherwise, and a quarter (25%) are unsure.

CloudTech Group COO Kevin He is part of the majority who think the problem will persist and says people may abandon SOL altogether due to network instabilities and better alternatives like Ethereum.

“Solana’s network is not stable enough, and it’s not the first time we’ve seen Solana’s network crash this year. More new projects and dapps will also be attracted by Ethereum’s user base and abandon Solana after Ethereum completes its upgrade.”

Bitwave CEO Patrick White thinks Solana is an interesting platform but its power outages are holding it back.

“Solana is a really interesting platform, though it’s really fighting for the smart contract platform v2 – ETH has already won this round, and is doing really well on winning the next round with ETH2. So I’m keeping my eye on Solana, but it’s also the only blockchain that regularly has major outages, which just isn’t doable for financial technology,” White said.

You can find the full report here: https://www.finder.com/ph/solana-sol-price-prediction