Solana (SOL) has seen incredible success over the last few years. The asset’s price tanked after the collapse of FTX in November 2022. SOL’s price fell to below $10. Since its 2022 lows, SOL has come quite a long way. The cryptocurrency has hit multiple all-time highs over the last few months. SOL hit a peak of $293.31 in January of this year. Since its January highs, the asset’s price has fallen by 52.5%.
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Let’s discuss if $5000 worth of SOL can be worth $500,000 by 2030.
Can $5000 Worth Of Solana Become $500,000 By 2030?
If you purchase $5000 worth of SOL today, you will receive about 35.87 coins. For 35.87 coins to be worth $500,000, the price of each coin has to reach about $13,939.22. SOL’s price has to rally by around 9898.72% to hit the $13,939.22 target.
According to Changelly, Solana (SOL) could hit a maximum price of $1432 in 2030. This figure is far lower than the $13,939.22 target. In this scenario, your $5000 investment will become $51,365.84. Your investment would have grown by around 927.32%.
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Telegaon presents an even more bearish outlook for Solana (SOL). The platform anticipates SOL to trade at a maximum price of $854.18 in 2030. In this scenario, your $5000 investment will become $30,639.44. Your investment will have grown by around 512.79%.
When Will The Asset Hit $13,939.22?
Changelly anticipates SOL to hit the $13,939.22 target sometime in February 2040. The platform anticipates the asset to trade at a maximum price of $14,462 in February 2040.
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Telegaon, on the other hand, predicts Solana (SOL) will hit the $13,939.22 target sometime after 2050. The platform anticipates SOL to trade at a maximum price of $6153.31 in 2050.
