Solana (SOL) price is not expected to change drastically later this year. But if you HODL, everything will be fine again by the end of 2030. This is according to the latest Finder price prediction report.
The fintech and Web3 experts have predicted that the price of SOL will be $45 by the end of 2022.
This is about 75% lower than the price prediction at the beginning of 2022. However, the council thinks that by 2025, this will increase to $166. In December 2030, the price is said to be $512.
40% of panelists said that now is the time to collect some SOLs. However, 31% said it was time for HODL. 29% say it’s time to sell.
55% of the panel predicted that SOL is the cryptocurrency most likely to surpass Binance in total on-chain locked value.
Alex Baghdjian is the co-founder of Funday. Baghdjian’s prediction is on par with the average of $40. Baghdjian thinks now is the time to buy SOL. This is because this community thrives thanks to the growing number of developers.
Paul Levy is a senior lecturer at the University of Brighton. He predicts the price of SOL will be higher by the end of 2022. He predicts it will reach $60 partly due to its strong community.
“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 is achieved.”
Ben Ritchie is a managing director at Digital Capital Management. He predicts that SOL will end in 2022 at $40.
“…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 an ongoing outage since September 2021. 69% of the council think the issue will persist.
Kevin He – COO at CloudTech, thinks the problem will continue and says people may give up on SOL due to network instability.
“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 exciting platform. However, frequent outages are a dilemma.
“Solana is a really interesting platform, though it’s really fighting for the smart contract platform v2. Ethereum has already won this round and is doing really well on winning the next round with Ethereum 2. 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 a financial technology.”
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