The cryptocurrency market witnessed an impressive turnaround earlier this month, with Bitcoin (BTC) briefly surpassing the $52k mark. While Solana (SOL) was one of the best-performing cryptocurrencies of 2023, the asset has faced a significant correction over the last few days. SOL’s price has fallen by 1.3% in the daily charts, 9.4% in the weekly charts, and 2.3% in the 14-day charts. However, the asset is still up by more than 21% over the previous month and over 320% since February 2023.
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Can you become a millionaire with Solana (SOL) by 2030?
According to Changelly, SOL could reach a maximum price of $1,620 by December 2030. To have one million dollars worth of SOL at $1,620 per coin, you will need about 617.283 tokens. The price of 617.283 tokens right now is about $63,327. If SOL hits $1,620 by 2030, it would translate to a growth of about 1480% from current levels.
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Telegaon, on the other hand, is not very bullish on Solana (SOL). The platform anticipates SOL to hit a maximum price of $504.18 in 2030. To have one million dollars worth of SOL at $504.18 per coin, you will need about 1983.41 tokens. The cost of 1983.41 tokens right now is about $203,478.91. If SOL hits $502.18, it would translate to a growth of almost 390% from current levels.
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While Solana (SOL) has faced a significant correction over the last few days, the asset may begin to turn around soon. Bitcoin (BTC) will undergo its next halving cycle in April, which many analysts consider bullish. The event could cause the crypto market to rally, and SOL may come out of its current slump.