SOLANA PRICE ANALYSIS: IS SOLANA'S $40 TARGET REALISTIC OR MYTHICAL?

btc78

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I felt stupid for not believing someone from my group when he told me last year that SOL will make a very good growth this year, and yeah he is correct because these days? SOL had already broken that 40 dollars price and continuously climbing till now proving I am wrong for not trusting this project.
but at least i bought some amount last march because i felt that it is really a promising project.

Quote from: mexite on July 19, 2022, 05:59:06 PM

Solana, SOL, will vacillate around 40 - 50 dollars in the coming days before booming with other altcoins in the impending price surge. Normally, the Solana network should have sold for more than its current price but for its issues, especially stability. The plethora of projects (DeFi, NFTs etc) built on the network will help it preserve value apparently.

Well lets take out that 40$ because it has been broken couple of times this year and even as you posted that SOL is already up above 40.

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Quote from: mexite on July 19, 2022, 05:59:06 PM

Solana, SOL, will vacillate around 40 - 50 dollars in the coming days before booming with other altcoins in the impending price surge. Normally, the Solana network should have sold for more than its current price but for its issues, especially stability. The plethora of projects (DeFi, NFTs etc) built on the network will help it preserve value apparently.

Yes and solana (SOL) is staying at 43-45 dollars as of this time , https://coinmarketcap.com/currencies/solana/ if this to be continued then maybe 50 dollars is not that far to achieve and this thread is already done because SOL had already take down that level and we need to move on to find out.
and it is Realistic and not Mythical lol.

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Solana, SOL, will vacillate around 40 - 50 dollars in the coming days before booming with other altcoins in the impending price surge. Normally, the Solana network should have sold for more than its current price but for its issues, especially stability. The plethora of projects (DeFi, NFTs etc) built on the network will help it preserve value apparently.

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Quote from: o48o on July 18, 2022, 05:07:17 PM

Quote from: minhtra on July 05, 2022, 12:29:16 PM

If Solana had ETH market cap it would be 1 SOL = $382 right now https://www.coingecko.com/en/compare-cryptocurrencies?coins=solana,ethereum
They got to work on stability and not let the chain stop. More and more dapps should be coming soon

Yes but comparing it to eth is just weird. Solana Notwork is not going to be an eth killer even when it's on and running smoothly. Maybe after eth rises 10x solana might rise with it, but as replacing the second place there's no change for that.

What it comes to question by OP, $40 is totally realistic.

We have now see it holds the $30 support for a long time, I guess thats the very bottom of it. It may be safe to buy even at $40+ You wouldn't lose a big since the bottom may adjust up by next bull run. This is if they missed the $30.

Quote from: Xal0lex on July 19, 2022, 05:13:53 PM

Two weeks after writing this post, SOLANA was not only able to hold last year's $30 level of support, but also quickly surpassed the $40 price point, currently trading around $45. If growth in the entire crypto industry continues, we can expect a possible test of resistance at the $80 level. This would be a good short-term investment of one's money.

Not gonna suggest it as a short term investment if an investor have started at a very low price. The token will not likely be dead anyway so staking still is a good way to make it if they are not going to trade the token. Making money out of it but its still up to them.

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Two weeks after writing this post, SOLANA was not only able to hold last year's $30 level of support, but also quickly surpassed the $40 price point, currently trading around $45. If growth in the entire crypto industry continues, we can expect a possible test of resistance at the $80 level. This would be a good short-term investment of one's money.

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Quote from: minhtra on July 05, 2022, 12:29:16 PM

If Solana had ETH market cap it would be 1 SOL = $382 right now https://www.coingecko.com/en/compare-cryptocurrencies?coins=solana,ethereum
They got to work on stability and not let the chain stop. More and more dapps should be coming soon

Yes but comparing it to eth is just weird. Solana Notwork is not going to be an eth killer even when it's on and running smoothly. Maybe after eth rises 10x solana might rise with it, but as replacing the second place there's no change for that.

What it comes to question by OP, $40 is totally realistic.

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Quote from: $anounimus$ on July 15, 2022, 08:12:01 AM

I think they can hit their $40 target. However, given the ambitious scope of their project, there could be many things that could derail it. The answer depends on which perspective we look at Solana. For now, I personally think Solana has the potential to become one of the major players in the future and might just become the "new Apple".

Isn't that achieved already by solana? The first one that you said and not the apple part because until now there is no new apple but the company is still the leading one it comes to creating quality devices. In crypto, the beast here is still bitcoin and then followed by eth.

These two crypto giants won't ever be surpassed by any other crypto even if we think they are performing well because there's always something that they will be lacking which can only be found on btc and eth. Solana's 40 dollar price target is realistic of course because we already know how this coin performs before. That value was just a normal recovery for solana.

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Solana coin was hit hard by the network outages and the overall downturn of the market. Even when $40 was realized, Solana coin gave a quick reaction when the market moved up a bit. It can go higher, this is entirely dependent on bitcoin, if bitcoin can stay a little more stable then SOL can be priced well. No experience as a network I will do some dapp research on this Solana network.

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Quote from: $anounimus$ on July 15, 2022, 08:12:01 AM

I think they can hit their $40 target. However, given the ambitious scope of their project, there could be many things that could derail it. The answer depends on which perspective we look at Solana. For now, I personally think Solana has the potential to become one of the major players in the future and might just become the "new Apple".

you're right buddy, right now at CMC the price of solana is at a price of $41.96, so for a price of $40 it is clear that it can be exceeded and a very realistic and very easy target for him to do. Solana if you look at his past, it is indeed very good and it is clear that Solana's potential to be able to achieve renewable ATH will be surpassed if bitcoin recovers, even though the competition is very tight and Solana is still able to compete.

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Of the people posting here,,, how many of you have actually used SOL for something? And no am not talking about transactions for trading, swapping etc Wink

$40 SOL or $4 SOL should not matter if you actually have a use for it. Like, what is your favorite SOL dapp? I know my favorite BTC apps/sites!

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It seems to be realistic Cool

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Quote from: Ararbermas on July 08, 2022, 10:31:57 AM

Remember that Solana is the only one altcoin that really making progress last year and still promising despite of its situation.. So it's not surprising if it goes higher again without knowing. Indeed they have good team and constructive goal compared to some altcoins that made hypes in the market before solana emerged. So its not impossible IMO.

Wait , what does it means? Despite of its situation? what is the situation for SOLANA against other altcoins?
Solana is indeed a good project and promising , I have seen this since last year that this is one of the best and awaited coin.

Nowadays SOL is still on process of development but this already gain attention and support.

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Its already answered mate , Solana (SOL) had already broken that 40$ actually it is 42 dollars to be expect .

this is how it moves in 30 days

Quote

30d Low / 30d High
$27.46 /
$42.73

So maybe lets Close this thread and ask another amount to be the target of SOL in the next couple of months before the year ends in 6 months from now.

$anounimus$

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I think they can hit their $40 target. However, given the ambitious scope of their project, there could be many things that could derail it. The answer depends on which perspective we look at Solana. For now, I personally think Solana has the potential to become one of the major players in the future and might just become the "new Apple".

Kunnu

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Solana has became one of the valuable crypto currency because there is a strong technical structure behind this altcoin so on this basis $40 price range is obviously realistic this is not surprising at all although the current bearish market condition is creating barriers between the progress of Solana hopefully the market will recover soon then we may expect something positive with SOL

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Quote from: Ararbermas on July 08, 2022, 10:31:57 AM

Remember that Solana is the only one altcoin that really making progress last year and still promising despite of its situation.. So it's not surprising if it goes higher again without knowing. Indeed they have good team and constructive goal compared to some altcoins that made hypes in the market before solana emerged. So its not impossible IMO.

the $40 target is for me a realistic one as it is already in the 34 level. with actual use case and a lot of projects are now using its network, there's high chance that they will even go beyond 40 bucks. but achieving their ATH of about 260, i believe is still a long journey for SOL.
if people are using this network, then, for me they have chance. doubt if people are not mentioning this network anymore.

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Quote from: usekevin on July 09, 2022, 07:43:05 PM

Solana had good potential as compared to many altcoin.The base for Solana ,it was used as the medium of transaction of altcoin like the Ethereum.If you had huge amount for longer period,you just keep the funds in Solana.With the period of 1 year ,the Solana will reach the first target of transaction coin is 500$.After that,it will reach the targeted price of 1000$.It takes huge time for this process,you can’t achieve this in a short period of time.

Based off of the recent history of the Solana chain being down around 12 times, I think ICP has a better shot at reaching 500 usd than SOL. Time will tell though, right?

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Solana had good potential as compared to many altcoin.The base for Solana ,it was used as the medium of transaction of altcoin like the Ethereum.If you had huge amount for longer period,you just keep the funds in Solana.With the period of 1 year ,the Solana will reach the first target of transaction coin is 500$.After that,it will reach the targeted price of 1000$.It takes huge time for this process,you can’t achieve this in a short period of time.

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Remember that Solana is the only one altcoin that really making progress last year and still promising despite of its situation.. So it's not surprising if it goes higher again without knowing. Indeed they have good team and constructive goal compared to some altcoins that made hypes in the market before solana emerged. So its not impossible IMO.

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Quote from: el kaka22 on July 07, 2022, 05:10:38 PM

Well, 40 bucks was reached literally end of last month and that means it hasn't been that long, maybe like 10 days? I do not know. This is why I believe that we shouldn't really be shocked if SOl manages to reach 40 bucks. This is also a bit about the market as well, if the market goes up then the price of SOL would go up as well.

Don't get me wrong, I dislike SOL and neither trade it nor own it anymore, I gave up all because of the problems they have with their blockchain and the questionable decentralization claims. However, if the market goes up, bitcoin becomes like 21k or so then it wouldn't be that weird to see SOl at 40 bucks as well.

Ah, I wish I could find the guys who were saying SOL at $100 was absolute bargain price, easy 2x back to ATH and that wasn't too long ago. I mean, fine,,, I think it has some great dapps but if utility was truly there then bear markets should not have scared them away right?

Bitcoin and Ethereum still continue raking up volume and difficulty despite price. What does this tell you?

My friendly regular reminder of utility matters Wink

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