If you had invested $10,000 in Solana (SOL) in April 2020, the investment would have grown to nearly $1.7 million today. Your capital would have ballooned by 16,860% in just over five years. The returns are truly incredible, such that people in some countries could retire from their day jobs. The question is, can SOL repeat this feat in the next five years? Let’s find out.
Can Solana Turn $10,000 Into $1.7 Million By 2030?
If you purchase $10,000 worth of SOL today, you will receive about 67.02 coins. For 67.02 coins to be worth $1.7 million, the price of each coin has to hit about $25,366.69. SOL’s price has to rally by nearly 17,000% to hit this price target.
According to Changelly‘s estimates, Solana (SOL) could trade at a potential maximum price of $1356 in 2030. This figure is far lower than the required $25,366.69 price level. At $1356 per coin, your initial $10,000 investment would grow to about $90,847.12. Your investment would rise by about 808.47%. Although the returns are commendable, it is far lower than $1.7 million.
Also Read: SOL Price: $8K Solana Could Flip Your Future as Experts Target $1,000
Telegaon presents a more bearish outlook for SOL than Changelly. The platform anticipates the asset to trade at a maximum price of $854.18 in 2030. At this price point, your initial investment would grow to $57,258.36. In this scenario, your investment would rise by 472.58%, far less than the required nearly 17,000% increase.
Going by Changelly and Telegaon’s predictions, Solana (SOL) will likely not replicate its 2020 to 2025 price increase.
There is no fixed prediction in the crypto space. The crypto market is one of the most volatile marketplaces in the financial world. SOL may see a sudden rise in adoption and inflows. A scenario could evolve where the asset sees a gradual price spike over the coming years.