Solana (SOL) is said to climb to $60 under the best of circumstances or with Bitcoin retaining its current green state, according to a tweet from Altcoin trader Sherpa who has over 180,400 Twitter followers.
While Altcoin Sherpa is confident about SOL’s performance, he has qualms about the crypto’s strength. Additionally, Altcoin Sherpa still believes SOL to be extremely bearish at press time, but there is still a good degree of trading opportunity.
SOL is currently trading at $43.87, up 18% over the past seven days, based on figures from Coingecko on Friday. The token had an overall flawless week as it rose from just $34 to nearly $47 before correcting.
SOL to reach $166 by 2025 and $512 by 2030
The SOL is said not to change too much by the end of 2022. However, once you get HODL, it may look bullish again by the end of 2030. Fintech and Web3 experts have predicted that the price of SOL would reach $50 by the end of 2022. .
Well, this is actually a 75% cut figure from the price prediction made at the start of the year. On a lighter note, the panel predicts that SOL could reach $166 by 2025. In fact, in 2030, the price is expected to reach $512 by 2030.
Most panel experts say now is the time to buy SOL. Well, that’s pretty much a split zone as around 29% think it’s time to sell the token while 40% think it’s time to HODL. And 55% of the pie predicts that SOL could outperform Binance in terms of TVL on the chain. So which side of the fence are you on?
SOL total market cap at $15.02 billion on the daily chart | Source: TradingView.com
Paul Levy predicts Solana will hit $60 by the end of 2022
Paul Levy, expert lecturer at the University of Brighton and a panel member, predicts that SOL could reach up to $60 by the end of the year, mainly due to its network or its autonomous community. The SOL technology community has long insisted on the efficiency and stability of Solana.
However, reliability issues or SOL outages may be cause for concern. SOL has faced persistent and massive power outages since last year; precisely since September 2021.
Currently, the token is experiencing a 5600% growth spurt from its launch price. Solana still has a long way to go, especially with the increased volatility in the crypto market.
More so, SOL has jumped 55% in just one year, proving its worth and potential to reach greater heights.
Featured image from The Independent, chart from TradingView.com