Solana (SOL), which is a cryptocurrency trader, is believed to be worth $60. This is despite Bitcoin being in a good state.
Altcoin Sherpa has mixed feelings about SOL’s performance, but he is positive about its potential. Altcoin Sherpa maintains that SOL’s performance is very bearish, however there are still trading opportunities.
SOL currently trades at $43.87. That’s an 18% rise in seven days, according to figures from Coingecko on Friday. Overall, the week was excellent for the token. It climbed from just $34 up to close to $47.
SOL to Reach $166 By 2025, and $512 By 2030
SOL will not be affected by any changes after 2022. It may appear optimistic again if you HODL. Experts in Fintech and Web3 have forecast that the SOL will rise to $50 by 2022.
This figure is 75% lower than what was predicted at the beginning of the year. A lighter note: The panel projects that SOL could rise to an impressive $166 by 2025. According to the panel, SOL will reach $512 per year by 2030.
According to the majority of the experts, now is the best time to invest in SOL. Well, it’s pretty much a divided zone as around 29% believe that it’s time to sell the token while 40% think that it’s time to HODL. 55% predict that SOL could outperform Binance on TVL. Which side are you on?
Source: TradingView.com| Source: TradingView.com
Paul Levy predicts Solana to Hit $60 by the End of 2022
Paul Levy, an Expert Lecturer at the University of Brighton and part of the panel, predicts that SOL could hit as much as $60 by the year’s end due mainly to its empowered network or community. SOL’s tech community has been harping on Solana’s efficiency and stability for the longest time.
However, SOL’s reliability or outages issues may be something to think about. SOL has experienced persistent and severe power outages, particularly since September 2021.
The token has seen a growth of 5600% since its launch. Solana still has much to do, especially considering the volatility in the cryptocurrency market.
SOL’s growth of 55% in a single year is even more impressive, which shows its worth and potential for greater success.
Featured image taken from The Independent. Chart by TradingView.com