Solana (SOL) Price Prediction 2025-30: Is $1200 really in SOL’s sights?
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.
Founded over 2 years ago, Solana is one of the leading cryptocurrencies that uses the proof-of-stake (PoS) consensus mechanism. It is also one of the first to use the innovative proof-of-history (PoH) mechanism. In recent years, it is giving a tough run to Ethereum in the global cryptocurrency market.
Solana was founded by Anatoly Yakovenko who started his career with Qualcomm and later worked at Dropbox. He began working on the Solana Labs project along with his Qualcomm colleague Greg Fitzgerald in 2017. Others from Qualcomm also joined the project and the Solana protocol and tokens were released in 2020.
The Ethereum blockchain recently transitioned to the PoS consensus mechanism, a transition that has also impacted the crypto-industry. Yakovenko, however, said in an interview with Bloomberg Technology,
“When you look at the number of transactions that Solana handles from applications and from users on a daily basis, that’s more than not just Ethereum but all Ethereum-based blockchains combined. So I think Ethereum has a long way to go on scalability.”
The cryptocurrency soared by around 12,000% in 2021, remaining bullish almost throughout the year. At its launch, SOL’s price was below $1. However, during the bullish run of 2021, it rose to its ATH of $258.93 on 6 November.
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
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