Solana is expected to be valued $166 by 2025 and $512 by 2030, according to a group of crypto industry experts. “SOL is a strong contender in the smart contract blockchain sector.” “They are likely to be one of the main benefactors if the Ethereum enhancements do not result in lower transaction fees,” one of the experts said.
Price Prediction for Solana
Finder, a price comparison website, revised its solana (SOL) price predictions on Tuesday. Using weekly and quarterly surveys, Finder “tracks expert expectations of the future SOL price.” “Our broader quarterly survey, last performed in July 2022,” the business noted, “asks a panel of 54 industry experts for their predictions on how Solana will perform over the following decade.”
“Our panel thinks solana (SOL) will be worth $45 by the end of 2022 before rising to $166 by 2025.”
Furthermore, the commission predicts that the price of SOL will rise to $512 by 2030.
In July, the panel is substantially more negative than previously predicted, with SOL ending 2025 at $166 and 2030 at $512. In contrast, experts anticipated in January that SOL would reach $222 by the end of the year before rising to $486 in 2025 and $1,267 in 2030.
One of the panel’s specialists, Panxora Hedge Fund general partner Gavin Smith, is more bullish about the future of solana than the group as a whole. He predicted that the price of SOL will reach $76 this year:
“SOL is one of the leading contenders in the smart contract blockchain space. They are likely to be one of the chief beneficiaries if the Ethereum upgrades fail to deliver lower transaction fees.”
Solana is currently trading at $43.08 per share, up 16% in the last seven days and 19% in the last 30 days.
Regarding Sonala’s power outages, Finder detailed: “Stability is one of the major concerns SOL is facing as it is still running on a testnet until the launch of the Solana Mainnet. While the Solana Mainnet is expected to end power interruptions, our panel is skeptical, with 69 percent expecting SOL to continue experiencing outages. Only 6% believe SOL will resolve the problem.”
The experts were also asked if it was a good time to buy, hold, or sell solana. Finder elaborated:
“The panel is relatively split on what people should do with SOL, with 40% saying now is the time to buy, 31% saying to hold and 29% advocating selling.”
The panel consists of university directors, executives from crypto exchanges, crypto research analysts, and executives from other enterprises with crypto-related products.
Finder’s experts have also recently predicted the future of numerous other cryptocurrencies, including bitcoin (BTC), ether (ETH), and cardano (ADA). Finder’s panel forecast the demise of the meme cryptocurrency shiba inu in May. (SHIB).