Solana (SOL) has made an incredible comeback from its 2022 lows. After falling to sub $10 levels following the collapse of FTX, the asset has since surpassed the $150 mark. The Solana network has also seen an increase in use cases, with several new projects built on it, such as Bonk (BONK) and dogwifhat (WIF). This resurgence has led to optimistic price predictions for Solana.
Also Read: Solana Hits All-Time High Against Ethereum as SOL Eyes Rebound to $200
The SOL network has also outperformed the Ethereum (ETH) network in terms of transaction speeds and gas fees. Many anticipate SOL’s price eventually overtaking ETH.
How Much SOL Do You Need to Be a Millionaire by 2030?
Telegaon’s Prediction
According to the analysts at Telegaon, Solana (SOL) could hit a maximum price of $854.18 in 2030. To have $1 million worth of SOL at $854.18 per coin, you will need about 1170.7 coins. The cost of 1170.7 SOL right now is about $181,425.46.
InvestingHaven’s Price Prediction
InvestingHaven, on the other hand, is more pessimistic about SOL, predicting the asset to hit a high of $181.86 in 2030. At $181.86 per coin, you will need about 5498.73 coins to have one million dollars worth. The price of 5498.73 SOL right now is about $852,139.
Also Read: Solana: SOL Up Nearly 40% From Post-Crash Lows as Meme Coins Surge
Changelly’s SOL Prediction
Changelly researchers are more bullish on Solana (SOL) than Telegaon and InvestingHaven. The platform anticipates SOL will trade at a maximum price of $1,571 in 2030.
To have a million dollars worth of SOL at $1,571 per coin, you will require about 636.53 coins. The current cost of 636.53 SOL coins is around $98,644.17.
According to the forecasts above, how high Solana (SOL) will go by 2030 is unclear. The cryptocurrency sector is volatile and uncertain, making price predictions rather tricky. If SOL continues to grow as it has over the last two years, the asset may yield incredible returns.