Does Solana(SOL) price could reach an average of $60 in 2023 ???? - page 3.

Morningstarr

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Quote from: teddybear on August 31, 2022, 01:37:15 PM

Does Solana price could reach an average of $60 in 2023 Huh

If we look at the chart, Solana's all-time high has been $260 and is currently trading around $32, So right now it's about 88% below its all-time high, and to reach $60, Solana only needs to increase its price by 11%, Rather, as soon as the market starts to recover, it will have increased its prices by 10% to 20% percent until entering the bull run.

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there is still a lot that needs to be improved from solana for example about network or security, many cases I have seen come to solana and it makes a lot of people leave it, I'm not sure also the price will be high in the near future see a lot that needs to be addressed by the solana team, if you believe the price of solana will increase next year please hold on to it well

YellowSwap

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2023 is too early for 50$ per solana, why don't you have this target in mind for the long run? Maybe next bull season after BTC halving in 2024? People need to stop hoping that 2023 will be better no, that year will be the hardest of this bear market, many will start giving up.

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Quote from: cryptobadshah on September 01, 2022, 10:17:13 PM

Everything is possible if the bull run returns. Solana has trouble joining other cryptocurrencies the crypto's value has dropped comparing today's SOL market cap to yesterday's shows a decline Solana coin still showing risky framing segments it may have strong fundamentals but we don't think it will be profitable in the short term Solana's value is projected to climb as scarcity drives up prices any investment has risk before drawing conclusions invest in your abilities and conduct as much research as possible.

Even if there are no bull runs but if a coin is solid with good fundamentals then I think the possibility to rise is always there. Just take a look at matic, btc and the recent one which is eth. Each of them is spotted to show a significant increase despite that we are still in a bear market. 60 usd is just a small amount for solana.

It's not even half way to its last ath so it can be achieved easily before or during the early months of 2023. Solana is a top coin so joining other crypto is not a problem. Solana can always fit on there. If you are in for shorter terms then maybe solana isn't the perfect coin for you but you can try a more volatile coin such as bitcoin.

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Unable to predict the market trend in 2023, whether there is a possibility of a bullrun or still bearish, of course, everyone does not know it.
Solana is a fast network and also they have a great community with development so for the average value it's not confirmed but if you believe in this coin then hold on to me when the altcoin season comes the same when it happens in 2021 then it can exceed $60 so long term we can only guess that the price will be better because for now it is still in a bearish trend cycle.

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Quote from: samcrypto on September 01, 2022, 05:22:38 PM

Quote from: teddybear on August 31, 2022, 01:37:15 PM

Solana is a relatively new project when compared to the likes of Bitcoin and Ethereum. Solana flew under the radar for years, then rallied in this year.

Does Solana price could reach an average of $60 in 2023 Huh

There’s a lot of ongoing updates and developments with SOL, I see this as a good project that has a brighter future compare to other coins. New peak can only happen on a bull market though, so if there’s a bull trend in 2023 then most probably SOL will rise as well since it is considered as one of the best coin today. Just continue to monitor SOL, they have upcoming updates that can bring big changes to their platform, it’s good to get updated always, and hold with your target price as well since we can’t really know what will happen in the future.

Although Sol went through a pretty rough time when problems kept coming up with SOL, but admittedly SOL is the fastest growing blockchain among all blockchains.
For the price of Solana, the ATH of Solana which I remember exactly is $250 so the $60 target is pretty easy for SOL to hit but everything still depends on bitcoin, as long as the market is up, the target of 60 USD is not difficult.

cheezcarls

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Quote from: teddybear on August 31, 2022, 01:37:15 PM

Solana is a relatively new project when compared to the likes of Bitcoin and Ethereum. Solana flew under the radar for years, then rallied in this year.

Does Solana price could reach an average of $60 in 2023 Huh

This should be in the Speculations section since it’s all about price prediction. Nobody knows what would happen to the price of Solana and other altcoins tomorrow, the next few days, weeks, months, years or so.

The main issue that we have in Solana right now is their constant network outages that would mean for our assets to remain stuck until it was resolved.

My good ol’ friend is currently bullish on Solana despite all of the negativities surrounding them especially its limitations. Let’s just see what happens to SOL’s price next year.

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Quote from: teddybear on August 31, 2022, 01:37:15 PM

Solana is a relatively new project when compared to the likes of Bitcoin and Ethereum. Solana flew under the radar for years, then rallied in this year.

Does Solana price could reach an average of $60 in 2023 Huh

Its all depends upon the Solona development and how they overcome the draw back in their ecosystem. Currently Solona have big issue of security and network congestion. We have seen many network upgrade and Hack which caused drop down of Solona price but I believe that they will do best fir that and we will see average price of above 50$ in 2023.
Solona achieved success very soon and now best chain for NFTs and gaming so we can expect big than previous success and offcourse price will also boom.

Since they are centralized, It’s easier for them to fix this kind of issue since they don’t need more time for consensus to implement there upgrade on the blockchain. Solana is funded by huge VC which means they have enough resources to hire a competitive developer to resolve there issue. I believe they can start again to recover once the whole crypto market trend is already bullish despite all the issue is not resolved since there’s still a lot of investors interested on this blockchain project due to its partners.

masterrex

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Quote from: teddybear on August 31, 2022, 01:37:15 PM

Solana is a relatively new project when compared to the likes of Bitcoin and Ethereum. Solana flew under the radar for years, then rallied in this year.

Does Solana price could reach an average of $60 in 2023 Huh

IMO, I think it's highly possible. just believe who knows it will happen sooner because, in the speculative world of crypto, I believe everything is possible, thats why the $60 per Sol in 2023 is also highly possible, but the exact day and time when it will happen are not yet known, so let us wait, observe and exercise patience til that day will come.

pieppiep

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Quote from: teddybear on August 31, 2022, 01:37:15 PM

Solana is a relatively new project when compared to the likes of Bitcoin and Ethereum. Solana flew under the radar for years, then rallied in this year.

Does Solana price could reach an average of $60 in 2023 Huh

The question is, will the bull run really happen in 2023? That's what we must be aware of because if a bull run doesn't happen next year, it will be difficult for Solana to get to $60 but it's still a possibility. So if you can be patient until the bull run comes, you will have the opportunity to sell Solana at the highest price. But seeing that Solana's price is now at $31, I think it will take a lot of money to invest in Solana. Maybe you can analyze other cheaper coins that also have the potential to increase as your investment.

Fundamentals Of

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I am not a fan of Solana. It is not comparable to both Bitcoin and Ethereum. Stop comparing them. Solana hasn't achieved anything really that would make it a close competitor to any of the two. And if you take a look at its track record, it has been doing very poorly. It has been experiencing network outages. Bitcoin has 99.98% overall uptime, Ethereum has 100%, but in 2022 alone Solana had more than 10 outages. And while others always shill Solana to be an Ethereum killer, it should instead be looking inward and start competing against its own in terms of reliability.

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Quote from: teddybear on August 31, 2022, 01:37:15 PM

Does Solana price could reach an average of $60 in 2023 Huh

When we talk about possibilities, yes, all possibilities can happen, price up or down. But if we look at what's happened to the Solana ecosystem lately (Solana Downtime Series Continues, Network Faces Serious Issues Again, Solana (SOL) Falls 16% Due to Another Major Network Outage, Ongoing solana attack targets thousands of crypto wallets, costing users more than $5 million so far), I think we have to be honest that Solana (SOL) won't be able to hit $60 in 2023. People are starting to realize the weakness of the Solana Blockchain, this is a bad sign for future prices. This doubt about Solana was also discussed some time ago on a topic created by @Abiky, you can see it here: https://bitcointalksearch.org/topic/why-is-solana-still-among-the-top-10-coins-in-market-cap-5411901

References:
1. https://u.today/solana-downtime-series-continues-network-faces-serious-issues-again
2. https://www.fool.com/the-ascent/cryptocurrency/articles/solana-sol-falls-16-due-to-another-major-network-outage/
3. https://www.cnbc.com/2022/08/03/hackers-attack-solana-crypto-stealing-millions.html

fvb

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Quote from: teddybear on August 31, 2022, 01:37:15 PM

Solana is a relatively new project when compared to the likes of Bitcoin and Ethereum. Solana flew under the radar for years, then rallied in this year.

Does Solana price could reach an average of $60 in 2023 Huh

It all depends on the network users. If projects coming out on this blockchain are in demand, then the price will increase and the working algorithm will be less expensive. Transactions are cheaper than others, and therefore it is quite possible that the price you voiced may be earlier. It is also a plus that large NFT markets operate on this blockchain.

budi691

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altcoins always depend on the price of Bitcoin in general, if Bitcoin goes up automatically altcoins also go up, but not all,
so if next year Bitcoin goes up, SOL may go up but I don't think it's up to $50,
but the market is also not good anymore, hopefully there will be a miracle for next year and Bitcoin is back on the moon

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Quote from: teddybear on August 31, 2022, 01:37:15 PM

Solana is a relatively new project when compared to the likes of Bitcoin and Ethereum. Solana flew under the radar for years, then rallied in this year.

Does Solana price could reach an average of $60 in 2023 Huh

When analyzing predictions for the future price of the SOL coin, it is important to keep in mind that the cryptocurrency market remains highly volatile, making it difficult to accurately predict what the coin will cost in a few hours and even more difficult to obtain. long term price, long term target.
Therefore, before making any investment, do your research, investing in cryptocurrencies is very risky and speculative, and this article is not the author's recommendation to invest in cryptocurrencies.

cryptobadshah

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Everything is possible if the bull run returns. Solana has trouble joining other cryptocurrencies the crypto's value has dropped comparing today's SOL market cap to yesterday's shows a decline Solana coin still showing risky framing segments it may have strong fundamentals but we don't think it will be profitable in the short term Solana's value is projected to climb as scarcity drives up prices any investment has risk before drawing conclusions invest in your abilities and conduct as much research as possible.

shinratensei_

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I think if the trend of btc is changing then the bullish season finally comes I think it's easy for solana in reaching that height of value.
right now most coins heavily influenced by the current trend that makes them hardly have the chance of having rally to increase their valuation, so reaching new heights of value is kinda hard for them.

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Quote from: teddybear on August 31, 2022, 01:37:15 PM

Solana is a relatively new project when compared to the likes of Bitcoin and Ethereum. Solana flew under the radar for years, then rallied in this year.

Does Solana price could reach an average of $60 in 2023 Huh

This question is similar to other questions where everybody asking about certain coins increases. Well, during the bearish era, the market is more unpredictable. However, in 2023, we still don't know the trend of the market, whether it is still in the bearish era or started in the bullish era. However, if we see the cycle of the trend, 2023 maybe still on bearish or still n this kind of situation.
So, we are not sure enough whether Solana is able to reach $60 or not in 2023. If the market trend is getting better, this does not rule out the possibility that SOL can reach the $60 target because after all SOL is one of the top coins that does have pretty good fundamentals. Moreover, the current price of SOL is around $31. So do not rule it out. But again, no one can say for sure.
And even if the price hasn't reached $31, it's best to just hold on to the coin, especially if you're still losing money in it.

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Quote from: teddybear on August 31, 2022, 01:37:15 PM

Solana is a relatively new project when compared to the likes of Bitcoin and Ethereum. Solana flew under the radar for years, then rallied in this year.

Does Solana price could reach an average of $60 in 2023 Huh

That was uncertain. We're not even sure by 2023 we are in a bullish season making us see and expect that Solana will have another ATH. It was better not to expect that high. The current price of Solana is just $31, not that far possible to reach but yes, that only hypes will come.
I may just say that reaching $60 in 2023 is impossible, I'd just consider the market condition. Maybe of their a sort of recovery next year, $40 is way possible.

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Quote from: teddybear on August 31, 2022, 01:37:15 PM

Solana is a relatively new project when compared to the likes of Bitcoin and Ethereum. Solana flew under the radar for years, then rallied in this year.

Does Solana price could reach an average of $60 in 2023 Huh

There’s a lot of ongoing updates and developments with SOL, I see this as a good project that has a brighter future compare to other coins. New peak can only happen on a bull market though, so if there’s a bull trend in 2023 then most probably SOL will rise as well since it is considered as one of the best coin today. Just continue to monitor SOL, they have upcoming updates that can bring big changes to their platform, it’s good to get updated always, and hold with your target price as well since we can’t really know what will happen in the future.

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