Solana (SOL) Price Prediction 2025-30: >$1200 in the offing by 2030?
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.
Introduced over 2 years ago in 2020, Solana has emerged as a leading cryptocurrency that uses the “proof of stake” mechanism. This, besides being one of the first to use the innovative “proof of history” mechanism. In recent years, it is giving a tough run to Ethereum in the global cryptocurrency market.
The currency soared by around 12,000% in 2021, remaining bullish almost throughout the year. At its launch, SOL’s price was below $1. However, during the bullish run of 2021, it rose to its ATH of $258.93 on 6 November.
The current year so far has however proven to be highly volatile for all cryptocurrencies and Solana didn’t escape this brunt either. So far, its maximum price this year has been $136.38, dated 3 April. Solana’s blockchain has also been recently hacked and thousands of users have reported losing their funds worth around $8 million. At the time of writing, the altcoin was trading at just over $46.97.
Source: SOL/USD, TradingView
Today,Solana is one of the fastest-growing cryptocurrencies in the market with almost 89 billion transactions so far. The average cost of a transaction on the platform is $0.00025, making it one of the most economical altcoins in the crypto-universe. With 1,850 validator nodes, it claims to be one of the most secure blockchain networks too.
Today, it is the 9thlargest cryptocurrency in the market, with a market capitalization of over $13 billion. Thanks to its high speeds and low costs, Solana has successfully attracted the interest of both retail and institutional investors across the globe.
What is unique about the
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