Solana (SOL) Price Prediction 2025-30: Assessing how possible $1200 is
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.
Currently ranked as the ninth-largest cryptocurrency in the world, Solana (SOL) was established more than two years ago. It is one of the first cryptocurrencies to use the ground-breaking proof-of-history (PoH) consensus process. Besides, it employs the proof-of-stake (PoS) consensus mechanism. Founded by Anatoly Yakovenko, Solana has gradually grown into a potent rival to Ethereum in the market for cryptocurrencies.
Here’s AMBCrypto’s Price Prediction for Solana [SOL] for 2023-24
When Solana was first introduced in 2020, it was trading for less than $1, and by the time it reached its peak in 2021, it had increased by around 1,2000%. It reached its ATH of $258.93 on 6 December.
In an interview with Bloomberg Technology, Yakovenko stated that the recent Ethereum Merge has indeed influenced the cryptocurrency market. Compared to all the Ethereum-based blockchains put together, Solana processes more transactions every day from users and apps than Ethereum itself. So, Ethereum still has got a long way to go in terms of scalability.
Its increasing popularity can be assessed by the fact that popular American comedian and television host Steve Harvey also joined the bandwagon. He did so when he changed his Twitter profile to that of a Solana Monkey Business NFT in September last year.
Source: Twitter
American singer Jeson Derulo tweeted about his excitement for the token last year, saying that he betted on Solana and enjoyed the ride.
Solana has raised around $335.8 million over 9 funding rounds, with Alameda Research, Andreessen Horowitz and Polychain being its leading
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