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.

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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".

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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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Just this day alone ? it almost there mate as Solana had climbed almost 40$ this day. and here it is..

Quote

24h Low
$36.81

24h High
$39.35

according to the record , it is 65 cents short for breaking 40$ so anytime from now it will be broken I'm sure Grin

https://coinmarketcap.com/currencies/solana/

I know that there are many supporter of SOL and with this things can happen every minute from now.

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Quote from: ilovealtcoins on July 08, 2022, 12:19:48 AM

You compare sol to eth again, sol used to be rated as an eth killer but look what sol is doing. The network crashed constantly and it was almost impossible to fix the problem of the sol team.
they promise recovery, but it happens constantly and it will recur in the future.
Sol can never keep up with eth, these are just overblown advertisements.

Everyone can judge this very well after seeing the things that happened to Solana and also Ethereum, because Solana's party who promised to recover the network crash and create excessive advertising is just to attract everyone's interest to keep liking Solana. Even though it is very clear that Ethereum has always been more difficult to beat by other altcoins in the past and also today. So there is nothing worth comparing because the two are very different.

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$40 is very possible for Solana, we saw how huge the market dumped recently, and most of the altcoins even how high the market cap is still being rekt.
Solana now is $38 upon writing this and weekly candle closing is fast approaching once we will close on the green candle, I believe it's a good sign for this month, especially on Solana which lot of good news fundamentally.

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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

You compare sol to eth again, sol used to be rated as an eth killer but look what sol is doing. The network crashed constantly and it was almost impossible to fix the problem of the sol team.
they promise recovery, but it happens constantly and it will recur in the future.
Sol can never keep up with eth, these are just overblown advertisements.

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$40 is really low target honestly, solana could easily reach this mark within just next few days since it's currently already $38.
solana could even become the eth killer in the long run since it has many great quality project in the platform and I think it will eventually reaches the mark of $100 in no time.
considering that despite all the outages solana can be argued that it has solid foundation

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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.

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You need to note from recent cases regarding blackouts, that it is clear that it does not make traders longer to hold Solana. So if you look at the series of blackouts this sounds even more concerned about what Solana can't do going forward. Remember blackouts are not trivial things that can be covered up with positive news flows and may hit investors and traders slowly and no longer want to drop their money. The Solana project has not released any new news yet, which means that the problems faced are quite serious.

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Solana price approaching $40 now speaking of the devil

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Quote from: crypto discussion on July 05, 2022, 08:25:25 AM

SOLANA experienced a 100-fold increase in value between November 2020 and November 2021, making it a popular growth story. Then, after a short period of time, it had fallen by more than 85% from its peak. Two network outages that Solana experienced in May and June added to the downward pressure already felt in the markets for cryptocurrencies and stocks.

Solana (SOL) has been trading just below the 20-day EMA ($35) for the past few days, but the bears have not been able to profit from this weakness. This suggests that at lower levels, there aren't many sellers.
The buyers will now attempt to push the price above the 20-day EMA. If they are successful, the SOL/USDT pair may rise to the 50-day SMA ($40). If this barrier is broken and closed above, the windows could open for a potential rally to the psychological level at $50.

It is really hard to profit from this bear market but it might be true that the case of solana is quite different because there are coins that still continues to fluctuate because there are demands that keeps on coming from them while from solana, the investors are distancing themselves because they are aware that the coin have some on going issues and I think that was a critical one.

What they are doing for now is just monitoring the coin and they will watch out the news to know latest the updates or to know if the issue have been sorted out already or not before they will start on supporting this coin again. It's better to be safe than sorry though.

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@OP is very conservative in his speculation about Solana. Solana had already crossed $200 barrier so I think you should be asking way more than the ATH. Solana @$40 is very possible and realistic. Once the Bitcoin market rallies, I bet Solana will be among the first ones to follow the Bitcoin uptrend movement.

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it is now 36.35$ as I am typing , and that is 4% increase just this day alone so if this continue to increase till tomorrow then maybe we can see this 40$ this week.
SOL had been driven the market increasing these days , maybe because there are lot of investors turning to Solana than other altcoins so if this continue then maybe this week there will be at least 50$ for SOL.

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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

Lets not jump into that target because at least we can see that 40$ in the sooner time from now, I checked the price and it stays at 30$ and up so meaning we are aiming for 10-20% increase for that to happen?
if does well i don't see any impossible matter for this one.

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Quote from: crypto discussion on July 05, 2022, 08:25:25 AM

SOLANA experienced a 100-fold increase in value between November 2020 and November 2021, making it a popular growth story. Then, after a short period of time, it had fallen by more than 85% from its peak. Two network outages that Solana experienced in May and June added to the downward pressure already felt in the markets for cryptocurrencies and stocks.

Solana (SOL) has been trading just below the 20-day EMA ($35) for the past few days, but the bears have not been able to profit from this weakness. This suggests that at lower levels, there aren't many sellers.
The buyers will now attempt to push the price above the 20-day EMA. If they are successful, the SOL/USDT pair may rise to the 50-day SMA ($40). If this barrier is broken and closed above, the windows could open for a potential rally to the psychological level at $50.

On the other hand, if the price moves away from the moving averages, it might indicate that traders are still selling during minor rallies and that the market sentiment is still bearish. The bears will then drag the pair below $30. If they do that, the pair might fall to $27 and then to $25.

But it is standing at 35 dollars now?

https://coinmarketcap.com/currencies/solana/

though it still decreasing 3% today yet that is a close to the target of 40$ and Solana has its future more than any coins because this coin has a lot of support and investors adding me so how could this stand long than it cannot reach?

yes SOL will increase to this level but at least not this moment , maybe in the end of 3rd quarter ?

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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

But that's not ETH.

Eventually, if the market pushes back again to what it used to be like last year. Then we will be able to see that market cap. Right now it's $35 but once the market is up again.

Those SOL holders are likely to celebrate as that could be the time that you'll see it on the top again.

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$40 realistic or mythical? This sounds like what a short term trader would say, if not I don't understand why sol reaching $40 would be mythical if you know this project and it's previous ath.
Am not a short term trader so my response will solely base on long term goal, and long term I know sol will do way more than what you give it credit for, price wise.

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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

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SOLANA experienced a 100-fold increase in value between November 2020 and November 2021, making it a popular growth story. Then, after a short period of time, it had fallen by more than 85% from its peak. Two network outages that Solana experienced in May and June added to the downward pressure already felt in the markets for cryptocurrencies and stocks.

Solana (SOL) has been trading just below the 20-day EMA ($35) for the past few days, but the bears have not been able to profit from this weakness. This suggests that at lower levels, there aren't many sellers.
The buyers will now attempt to push the price above the 20-day EMA. If they are successful, the SOL/USDT pair may rise to the 50-day SMA ($40). If this barrier is broken and closed above, the windows could open for a potential rally to the psychological level at $50.

On the other hand, if the price moves away from the moving averages, it might indicate that traders are still selling during minor rallies and that the market sentiment is still bearish. The bears will then drag the pair below $30. If they do that, the pair might fall to $27 and then to $25.

Topic: SOLANA PRICE ANALYSIS: IS SOLANA'S $40 TARGET REALISTIC OR MYTHICAL? (Read 275 times)