Bitcoin (BTC) is the largest cryptocurrency project, with a market cap of over $2 trillion. BTC has become one of the most valuable assets globally, rivaling many tech stocks. Solana (SOL) is the fifth-largest crypto project with a market cap of $124 billion. While SOL is an incredibly popular crypto asset, the project’s market cap is far smaller than BTC’s.
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Let’s find out how high SOL’s price will go if the project’s market cap equals that of BTC’s
Solana’s Price If Its Market Cap Equals Bitcoin’s
There are about 486.62 million SOL coins in circulation right now. Let’s assume that the circulating supply does not change. If SOL’s market cap hits $2.08 trillion, the price of each SOL coin will reach $4274.58. Hitting $4274.58 from current price levels will entail a rally of about 1569.89%.
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Solana (SOL) has a maximum supply of 592.55 million coins. If the project releases all coins into circulation, while the project equals Bitcoin’s market cap, the price of each coin will reach $3510.54. Reaching $3510.54 from current price levels will translate to a rally of about 1271.41%.
When Will The Asset Hit $4274?
According to Telegaon’s estimates, SOL could hit the $4274 mark sometime between 2040 and 2050. The platform anticipates the asset to hit a maximum price of $3567.89 in 2040 and $6153.31 in 2050.
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Changelly also does not expect SOL to breach the $4000 mark anytime soon. The platform anticipates the asset to hit the $4274 target sometime between 2033 and 2040. According to Changelly, SOL could hit a maximum price of $6402.83 in January 2040.
SOL could hit the $4274 target much sooner. If the cryptocurrency market experiences a surge in adoption and demand, SOL and other coins could rise to never-before-seen levels.