Solana (SOL) To Hit $166 By 2025, Despite Current Bearish Conditions

Christian Encila

Last Updated: July 23, 2022 10:39 am

2 mins read

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Solana (SOL) is said to soar to $60 under the best circumstances or with Bitcoin holding up its current green state, this is according to a tweet made by trader Altcoin Sherpa who has over 180,400 followers on Twitter.

While Altcoin Sherpa is confident about the performance of SOL, he has qualms about the strength of the crypto. Further, Altcoin Sherpa still thinks SOL is extremely bearish as of press time but there is still a healthy degree of trading opportunity.

SOL is currently trading at $43.87, up 18% in the last seven days, based on figures by Coingecko, Friday. The token had an overall impeccable week as it jumped from only $34 to almost $47 before it corrected.

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SOL To Reach $166 by 2025 and $512 by 2030

SOL is said to not change too much by the end of 2022. However, once you HODL, it may look optimistic again by the end of 2030. Fintech and Web3 experts have predicted that the SOL price will shoot to $50 by the end of 2022.

Well, this is actually a reduced figure by 75% in comparison to the price prediction made at the start of the year. On a lighter note, the panel foresees that SOL may shoot to a glorious $166 by 2025. In fact, in 2030 the price is said to spike to a whopping $512 by 2030.

Most of the panel of experts say that now is the time to buy SOL. Well, it’s pretty much a divided zone as around 29% believe that it’s time to sell the token while 40% think that it’s time to HODL. And 55% of the pie is predicting that SOL may outperform Binance in terms of TVL on the chain. So, what side of the fence are you in?

SOL total market cap at $15.02 billion on the daily chart | Source: TradingView.com

Paul Levy Predicts Solana To Hit $60 By End of 2022

Paul Levy, an Expert Lecturer at the University of Brighton and part of the panel, predicts that SOL could hit as much as $60 by the year’s end due mainly to its empowered network or community. SOL’s tech community has been harping on Solana’s efficiency and stability for the longest time.

However, SOL’s reliability or outages issues may be something to think about. SOL has been facing persistent and massive power outages since last year; specifically since September 2021.

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Currently, the token is experiencing a 5600% growth spurt from its price during launch. Solana has a long way to go especially with the increased volatility of the crypto market.

More so, SOL has jumped 55% in just a year which proves its value and its potential to rise to greater heights.

Featured image from The Independent, chart from TradingView.com

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.