Solana (SOL) Price Prediction 2025-2030: Is $30 in sights for the year 2023?

ambcrypto.com:

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Last week, the price of Solana (SOL) started depreciating from well above the $23.50-level on the price charts. Soon enough, the market’s bears pushed the crypto’s price below the $22 support zone and sparked a bearish wave. Similar to the one registered by the likes of Bitcoin and Ethereum.

Read Price Prediction for Solana [SOL] 2023-24

In fact, the price even declined below the $20.50-support zone, with SOL trading around $17.55 at the time of writing. Such has been the scale of the downtrend SOL has been on over the past few months. 

Solana has remarkably recovered from the losses it posted in November and December 2022, especially for a multibillion-dollar market-cap asset. How it is able to escape the current fall will determine how well it performs in the next few days.

Its increasing popularity can be assessed by the fact that popular American comedian and television host Steve Harvey also joined the bandwagon. He did so when he changed his Twitter profile to that of a Solana Monkey Business NFT in September last year. 

Source: Twitter

American singer Jeson Derulo tweeted about his excitement for the token last year, saying that he betted on Solana and enjoyed the ride.

Solana has raised around $335.8 million over 9 funding rounds, with Alameda Research, Andreessen Horowitz and Polychain being its leading investors.

The ongoing year so far has, however, proven to be highly volatile for all cryptocurrencies, and Solana didn’t escape this brunt either. This, after a year when Solana’s blockchain was hacked and thousands of users reported