Solana (SOL) has surged by over 700% since January 2023. Moreover, the token is up by 13.9% in the daily charts, 21.3% in the weekly charts, and over 56% in the last month. SOL is among the best-performing cryptocurrencies in 2023, outshining the likes of Bitcoin (BTC), Ethereum (ETH), and other notable rivals.
Also Read: Solana: SOL Hits New Yearly High of $84, Can it Hit $100 Next?
Many traders and investors predict SOL might soon breach the $100 level. Although some may wonder if they have missed the boat with SOL, there is still a chance to gain big returns with the fifth-largest cryptocurrency.
How to be a millionaire when Solana (SOL) hits $100?
If SOL reaches $100, you will need 10,000 tokens to have one million’s worth. The cost of 10,000 SOL right now is about $868,500. In such a scenario, you make a profit of about 15%.
However, if Solana (SOL) reaches its all-time high of $259.96, the same investment would be worth around $2.59 million, a profit of nearly 200%.
Also Read: Trader Turns $226K into $1.69M in 5 Days with This Solana Meme Coin – Here’s How
The question, however, is when will Solana (SOL) hit $100. At its current rate, SOL could breach the $100 level very soon.
CoinCodex predicts Solana (SOL) to hit $90.64 on Dec. 29, 2023, rising by about 4.3% from current levels. However, the platform expects SOL’s price to decline soon after. Nonetheless, the platform anticipates SOL to gain momentum in early 2024, reaching $97.07 on Jan. 16, 2024, a rise of about 11.7% from current levels.
Changelly, on the other hand, does not expect the asset to breach $100 this year. However, the platform anticipates Solana (SOL) to reach $92.95 on Jan. 16, 2024, rising by about 7% from current levels. Changelly expects SOL to hit $100 sometime in 2025.