Can Solana hit $40 this year?

[ethereumhunter]

We all don't know whether Solana can still go up high again after yesterday's case or whether the price is still difficult. If you want to invest in Solana, you should look for more information to find clues if Solana is still worth investing in.

It is up to you to invest in Solana or any other coin but I can probably only suggest being more careful investing in Solana. Do not use too much money if you are not ready for the risk. And maybe you can look for other coins that might have more potential to increase in the next altcoin season. So the decision is in your hands.

[Mozzart]

I don't think it's likely this year.Of course everyone remembers what the historical maximum was,but we are very far from it and the current level,as for me,is more pleasant for everyone,since the commissions on the network are practically not felt.I like the current price and I think it will be in this range for a long time.

[dbshck]

I was looking for some coins to buy in the market,and I discovered that Solana price is too low for me to use huge amount of money to buy and hold like the way I have used my salary to purchased Bitcoin last month. Solana price has decreased to $19 few days ago that made me to ask if the price will increase to $40 this year, do you believe Solana investors will experience $40 or more than $40 this year? I have seen many massive moved of other coins price that made me to feel the same with Solana price because am very ready to invest in Solana, if I can get positive answers from this topic.

I think it's possible for Solana to reach $40 this year, especially if Bitcoin continues its current strong trend. However, it's important to consider the risks mentioned by adaseb above. I've been a big supporter of Solana for the past two years, but I have to admit that the network outages at this stage are concerning. Aside from that, while the NFT sector is thriving, Solana's DeFi scene hasn't returned to its previous activity level. This makes me question whether there will be enough renewed interest in Solana's DeFi, especially considering some of the popular L2 chains like Arbitrum and zkSync, which are still in development but generating a lot of hype.

Before making any decisions, I'd recommend trying out some Solana dApps, particularly those related to NFTs and DeFi. This way, you can see for yourself whether they provide value and gain some conviction in your judgment.

[Silberman]

I was looking for some coins to buy in the market,and I discovered that Solana price is too low for me to use huge amount of money to buy and hold like the way I have used my salary to purchased Bitcoin last month. Solana price has decreased to $19 few days ago that made me to ask if the price will increase to $40 this year, do you believe Solana investors will experience $40 or more than $40 this year? I have seen many massive moved of other coins price that made me to feel the same with Solana price because am very ready to invest in Solana, if I can get positive answers from this topic.

I find it unlikely that Solana is going to double its price during this year as I do not expect a full bull run to appear, at most we could see a positive trend which could take it close to 20 dollars but I think that will be it, however if you were willing to invest in Solana and hold your coins for a longer time frame then it is completely possible that Solana will surpass 40 dollars and give you way more profits than that during the next bull run.

[Muba20]

During the bull run, every coin increased in price significantly. Any token that is cheap is also very expensive. After the fall of FTX there was a big dip in Salona and there is a lot of talk about whether they will be able to bounce back or go back to previous levels. However, it will be possible to predict it easily by looking at its situation in the upcoming bull market. But I'm optimistic $40 might be. As the highest price was more than $250.

[goaldigger]

I was optimistic in regard of solana but after arbitrum, optimism and much more L2 to be appear, i honestly become pessimistic maybe it's just better switching over investing in these newer project instead.
they just got the potential of scoring higher value and is still at early stage, but maybe solana could still go up in the future.

The competition is getting tough so its better for SOL to do its best to come up to a better solutions and have a good improvements to address its current problem, or else investors will be force to look for alternatives and they might abandon SOL for that purpose. Next bull market will be big for sure, so there’s still a chance for SOL and let’s just hope that they will maximize that opportunity and rise again.

[FairUser]

I don't recommend buying or selling it, as that will throw your previous research into chaos. Sol is not a preferred choice for me in this market, but the expectations you set are very pleasant and completely achievable.
We've also seen a startling recovery from Sol over time, but the problems it has are questionable, and there are much better options here.

[someone703]

I don't think it's too risky when bullish momentum is being created in the market, however it also has issues related to FTX, anyway this is everyone's decision if you feel like it. It's still worth more than everyone's sharing, trust it.
But I still want to add that if you were expecting a $40 price then I hope to raise the tp further.

[JayTrain]

At the moment, it is difficult to predict the future price of Solana or any other cryptocurrency, as the cryptocurrency market is very volatile. However, Solana is one of the most promising cryptocurrencies that promises protection and an ecosystem. And there are many questions about failures in this network that occurred not so long ago.

[naikturun]

if indeed the alameda research case was finished with solana, maybe solana could reach 40$ this year, the very bad fud happened when the ftx exchange went bankrupt, and they were one of the largest shareholders of solana, so the news had a big impact on solana.
now that solana is starting development again i think it will be a great start for solana.

[@sriyan]

I was looking for some coins to buy in the market,and I discovered that Solana price is too low for me to use huge amount of money to buy and hold like the way I have used my salary to purchased Bitcoin last month. Solana price has decreased to $19 few days ago that made me to ask if the price will increase to $40 this year, do you believe Solana investors will experience $40 or more than $40 this year? I have seen many massive moved of other coins price that made me to feel the same with Solana price because am very ready to invest in Solana, if I can get positive answers from this topic.

In my point of view, the Solona network is more on the centralized side rather than a decentralized network. First, they need to handle that issue.  If you are a long-time holder, better to invest in bitcoin rather than altcoins. Please do both fundamental and technical analysis before investing in any coin.

[samcoin]

I was looking for some coins to buy in the market,and I discovered that Solana price is too low for me to use huge amount of money to buy and hold like the way I have used my salary to purchased Bitcoin last month. Solana price has decreased to $19 few days ago that made me to ask if the price will increase to $40 this year, do you believe Solana investors will experience $40 or more than $40 this year? I have seen many massive moved of other coins price that made me to feel the same with Solana price because am very ready to invest in Solana, if I can get positive answers from this topic.

I honestly don't prefer coins that faced problems before or were involved in a scam case. Solana may have a lot of supporters, but I believe they support it because they became bag holders after the crash that happened due to the FTX collapse. It seems to have survived the bad situation as the price has bounced back to the normal price compared with other altcoins. However, some new bad news concerning its relationship with SBF might appear, so I prefer to stay away from it. In addition, the founders still control a large part of the supply, if I'm not mistaken. One more disadvantage is that it has an infinite supply.
To me, as there are many other platforms that do the same as Solana, like Avalanche, I tend to choose the safest investment. That is why ETH takes the majority of my altcoins portfolio.

[jostorres]

that would be what we can call a 100 from the value of this coin as i type this post?

https://coinmarketcap.com/currencies/solana/

this is truly a high amount to expect as Solana had been staying this low even last bull market so maybe the chance may happen any time soon specially that 2023 seems to be a good year for altcoins?

Yes, because since the price of Bitcoin has increased to $26,632 other altcoins price has increased higher too that is giving other investors to make Solana their second choice since the price has increased from $20 to $22 few days ago in the market. I think, this year will not be like last year to Solana investors because Solana team will do what will make the price of Solana to increase in a way both long term and short term investors will believe that the price will hit $40 before the end of December 2023.
Based on the feedback I got from people in this topic, make me to change my mind not to invest all my capital in Solana in case the price change negatively in the market I will not feel bad about it.

There are so many altcoins out there which are much better than Solana especially now that Solana is experiencing a lot of problems and add in the revelation that FTX owns lots of Solana. If we are talking about the second choice then there is only one altcoin that comes in my mind, that would be Ethereum. There are also third, fourth and so on coins in my list.

Maybe Solana will be above ten in my list for now, until they cleared their issues and then if the FTX have finally dropped their connection with the company. They can be a big threat to the coin because they own a large portion of the coin and we know how shady this company are.

[peter0425]

I don't recommend buying or selling it, as that will throw your previous research into chaos. Sol is not a preferred choice for me in this market, but the expectations you set are very pleasant and completely achievable.
We've also seen a startling recovery from Sol over time, but the problems it has are questionable, and there are much better options here.

Op does not specify if he will buying and selling instead he is more curious if this will hit 40 bucks this year or at least the next(halving season)
though what you said is also correct that SOL is not a preferred choice for buy and sell but at least consider purchasing when its low and selling when its high.
and indeed that there is a recovery for SOL today and this whole week.

I was looking for some coins to buy in the market,and I discovered that Solana price is too low for me to use huge amount of money to buy and hold like the way I have used my salary to purchased Bitcoin last month. Solana price has decreased to $19 few days ago that made me to ask if the price will increase to $40 this year, do you believe Solana investors will experience $40 or more than $40 this year? I have seen many massive moved of other coins price that made me to feel the same with Solana price because am very ready to invest in Solana, if I can get positive answers from this topic.

In my point of view, the Solona network is more on the centralized side rather than a decentralized network. First, they need to handle that issue.  If you are a long-time holder, better to invest in bitcoin rather than altcoins. Please do both fundamental and technical analysis before investing in any coin.

but always consider diversification mate , because we knew how bitcoin affect altcoins and finding best one will also add flavor to your profiting.

[Retainly_Collie]

Seeing the price of BTC increase, I think altcoins will benefit later, and SOL will also receive a boost, despite the recent low of $8 and now around $20, expect $40. Actually, looking back, I don't find it very attractive, and I don't have to focus too much on it because the issues surrounding the previous controversy are still unclear. Perhaps I will observe more because now is also a quite sensitive time for prices.

[cryptoknightt]

So far, if we look from year to year, it is difficult to reach $ 40 this year. because we can see that 1 year before the BTC halving, the average of all coins in crypto will experience a decrease, maybe next year after the BTC halving, Solana can touch $40. this is just my opinion

[topman21]

Solana currently seems like a stable coin. While the Bitcoin market has surpassed $28,000, Solana is hovering between $20 and $21. But if the Bitcoin price hits a high by the end of this year, then surely Solana will stay at $40 or more. OP if you want to invest then invest in few other coins step by step rather than only Solana coin. Invest with coins like Ethereum, BNB, EOS, LTC, your investment will definitely be strong.

[Fuso.hp]

As of now Solana coin is fluctuating between $20 and $23. This coin is very likely a coin compared to other coins.  However, if this coin had increased in line with Bitcoin, then the value of Solana coin would have already exceeded 40 dollars. But one thing I have noticed is that when the price of Bitcoin increases a lot, the value of Solana coin increases a little but when the value of Bitcoin decreases a little, the value of Solana coin decreases along with Bitcoin, due to which the value of Solana coin is very high despite the potential Not growing. However, it is expected that the price of Solana coin may reach $40 by the middle of this year.

[kotajikikox]

just last 2021 Solana Hit its ATH of 260 dollars so why not getting 40 dollars again knowing that this stays at rank number 10 till today?

All Time High (of Solana) Nov 06, 2021 (a year ago)   $260.06


meaning this is just a tip of the berg to look at while waiting for another Bull run in the next halving.


SOL can hit 40$ but may not stay long there.

[Strongkored]

I was looking for some coins to buy in the market,and I discovered that Solana price is too low for me to use huge amount of money to buy and hold like the way I have used my salary to purchased Bitcoin last month. Solana price has decreased to $19 few days ago that made me to ask if the price will increase to $40 this year, do you believe Solana investors will experience $40 or more than $40 this year? I have seen many massive moved of other coins price that made me to feel the same with Solana price because am very ready to invest in Solana, if I can get positive answers from this topic.

You may also have to consider what happened to this coin in the past before finally deciding to invest in SOL. Some negative things are still looming over this coin and its relationship with FTX might make its movement a little slower. With thousands of coins out there, there are still coins that are better and will probably provide greater profits. Currently the price is around $22 with your target $ 40 actually it's not difficult to achieve but always be aware of all the possibilities that can happen and always use money you can afford to lose, suggestions like this will always appear because crypto is indeed difficult to predict.