Solana (SOL) Price Prediction 2025-30: Can ‘underrated’ SOL hit $1200 in 2030?

ambcrypto.com:

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. 

Anatoly Yakovenko is the co-founder of Solana who started his career with Qualcomm and later worked at Dropbox. It was in 2017 that he began working on a project called Solana Labs along with his Qualcomm colleague Greg Fitzgerald. Many others from Qualcomm joined the project and the Solana protocol and tokens were released in 2020.

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. 

Its increasing popularity can be gauged by the fact that popular American comedian and television host Steve Harvey also joined the bandwagon when he changed his Twitter profile to that of a Solana Monkey Business NFT in September last year. 

Source: Twitter

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 $36.6, on the back of the week’s sell-off on the charts. In fact, the