Solana (SOL) has emerged as one of the most resilient cryptocurrencies of the last few years. The asset’s price fell to below $9 after the collapse of FTX in 2022. Since its 2022 lows, SOL has hit multiple all-time highs. The asset climbed to its most recent peak of $293.31 earlier this year. Let’s discuss when Solana (SOL) could rise to the $3000 price level.
When Will Solana Hit $3000?
According to Changelly’s Solana estimates, SOL could climb to the $3000 mark sometime in July 2032, about seven years from now. The platform anticipates SOL to trade at a potential maximum price of $3091.83 in July 2032. SOL’s price will rally by 1621.22% if it hits $3091.83 from its current price levels.
Telegaon analysts are more bearish on SOL than Changelly’s. The platform anticipates SOL to breach the $3000 mark sometime between 2035 and 2040. Telegaon predicts SOL to trade at a potential maximum price of $3567.89 in 2040. Hitting $3567.89 from current price levels will entail a rally of about 1886.24%.
There is also a possibility that Solana (SOL) will breach the $3000 mark much sooner than Telegaon and Changelly predict. Many industry experts anticipate the crypto market to surge over the next few years. Several analysts predict Bitcoin (BTC) to hit the $1 million mark by the end of this decade. If BTC hits $1 million, the larger cryptocurrency market will likely climb to never-before-seen heights. SOL could hit the $3000 mark under such circumstances.
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There are also several spot Solana (SOL) ETF applications awaiting approval at the SEC. The SEC has taken a pro-crypto stance under the Trump administration. There is a high chance that the financial watchdog will approve at least one SOL ETF sometime this year. An ETF approval will likely lead to a surge in institutional inflows for the asset. Such a development could lead to SOL hitting the $3000 mark even sooner than 2030.