Can Solana hit $40 this year?

[rodskee]

solana staying at 20 dollars level but in the past? it had a biggest pump and its ath even reach hundreds of dollars in value but that change after the bull year so maybe in the next bull year it will happen again same as the positioning continues to hold for Solana?
i know that there are some bad issues outside this project and inside but support continues to flows and that is what I am seeing here.

The value of ALT coins depends a lot on Bitcoin. When the price of Bitcoin increases, the market for ALT coins goes to a good state. SOLANA is a very promising coin in cryptocurrency. As of now, the market value of this coin is $21 something. But at any time this coin can go into a very good condition. A few days ago we saw that the market price of this coin was close to 9$ and now this coin has come back a lot. But if the price of BTC enters between $50K and $60K then I think the price of SOLANA coin will exceed $50.  We look forward to seeing such a market.

it is not always the thing mate, remember that there are altcoin season that we call and that change in the support of altcoins to bitcoin.

SOL is still consider as a good coin placing at the top 11 right now in terms of market cap.
It's all time high is around $260 so reaching the price of $40 is so easy to achieve considering its technology. SOL is half way through already, if there's more good news about SOL and the altcoins most probably it will continue to pump as well. Let's just see how SOL will compete with its competitor especially with the new hyped project $ARB.

if it is so easy to reach that 40$ why not crossed this now? and still for years staying that low?

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[ichsan ardi]

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 very easy for Solana to reach 40$, I see the graphs and people's perspectives about Solana are getting better and better to be honest, I also keep some Solana in my wallet, but before buying, you have to analyze research funds first so you don't get scammed or lose. this is also not investment advice this is just my personal assumption.

[lobo13hf]

with the presence of the L2s that quite literally take up entire spotlight, I don't think so.
So many L2 nowadays are hogging all the market capital of many coin including solana, matic and many more, with these l2 alone these coins hardly gotten any investments, i'd say L2 has already replaced them.

[o48o]

Why would you settle for that? $40 is just 100%, that's nothing in crypto world especially with altcoins what can be insanely volatile.
But answer to the question is that anything can happen in 9 months. Funny enough sol price was around $20 two years ago and from there it raised over 10x in 8 months. So yes, 2x is doable.

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[Boomber]

depending on market conditions, because if the bull run occurs this year, then of course the price of Solana can reach $ 40 this year, but if the bull run does not occur this year, then of course the price of Solana will definitely difficult to hit $ 40, so bull run is the main key for Solana price to hit $ 40 or not this year.

[Othellobit]

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.

It's a good risk to take.  They are upgrades going on in the SOL network.  the Ecosystem is adding more features to SOL. with this,  the coin is performing a bullish trend. Research shows that sol price may increase if this trend continues. If I were you, I wouldn't trade with the hope of quick profit, I will dump little capital in it, expecting it's growth in 3 to 4 years time. cuz for now, the Relative volatility index is still high but may soon steady so trade carefully

[el kaka22]

As I see this was opened just a few weeks ago, and saw so much interest from people so quickly as well. This alone shows that there is indeed a lot of interest towards SOL, which could mean that maybe it would. But, we need to remember that we are talking about double the price, so you have to also ask yourself, do you think we could see bitcoin at 50k+ this year?

If your answer is yes, then we may consider SOL to be 40+ dollars as well. I am not saying they are going to be exactly the same, of course there could be some differences but most of the time market moves together. So if BTC can reach 50k+ this year, then SOL can reach 40+ dollars this year as well.

[bitkanu]

such thing could simply happen only if there's bullrun going on, otherwise I doubt it would occurred but honestly, for a coin that has already reached high enough all time high, surely it'd be like recovering back to its all time high once the chance arrives, it's as simple as doing the past achievements, so I guess solana could simply hit that mark, but remember that the competition has becoming more fierce.

[Sebas.tian]

depending on market conditions, because if the bull run occurs this year, then of course the price of Solana can reach $ 40 this year, but if the bull run does not occur this year, then of course the price of Solana will definitely difficult to hit $ 40, so bull run is the main key for Solana price to hit $ 40 or not this year.

Based on the condition of the market price right now, showed that the bullish market is very near for long holder to experience massive pumping of Solana, because the price has increased little to prepared the mind of their investors. If the price of Solana can reach $20 in this season to encourage investors to invest so that they will be part of the positive results that is about to happen in the market soon.  I believe, Solana price will increase more than $40 this year because the market is preparing to recover from the bearish so that trader will start smiling.

[stadus]

It's not impossible. The ATH was around $250, so the target is a conservative estimate. With the market being bullish this year, reaching $40 should be achievable. The answer is yes, under that condition. It's a valuable asset with a high trading volume, so a price increase can be expected once market hype begins to grow.

[Weawant]

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.

$40 is just 1x which is very poor if you consider how many percentage you can get from other projects that are not been cancelled like Solana. FTX exchange that collapsed is the major reason Solana is dying.

The exchange was a big investors in Solana and since that exchange is no longer exiting then investors are worried Solana won't give much profit anymore and are avoiding investing in Solana so you should do the same too.

Solana blockchain is also having breakdown which could be as a result of developers abandoning the blockchain to other better ones therefore making Solana lose developers that would had helped keep the blockchain running.

[btc78]

there is always room for rebounding , as Solana had already reached 3 digits in the past and even higher so 40 dollars is not that much to expect , also the lowest price recorded are even centavos so why bother looking for this when it is written to happen again soon?
in the next bullrun in which believed to be coming in 1-2 years time? I am sure most of Solana's supporters will have their gains that time specially those who bought in those lowest value ever.

[wxa7115]

there is always room for rebounding , as Solana had already reached 3 digits in the past and even higher so 40 dollars is not that much to expect , also the lowest price recorded are even centavos so why bother looking for this when it is written to happen again soon?
in the next bullrun in which believed to be coming in 1-2 years time? I am sure most of Solana's supporters will have their gains that time specially those who bought in those lowest value ever.

Those holding Solana will have their day and get huge profits when the time comes, however the drop Solana has experimented is something that cannot be ignored, the price dropped 92% from its ATH, which is one of the higher percentages among the top coins in the market.

So if someone bought at that price or close to it they will need to hold their coins for the majority of the upcoming bull run just to recover their money, and if they do not have plans to do this then they need to begin to buy more Solana at the current prices so they can decrease the average price at which they bought this coin and they can breakeven even sooner.

[sana54210]

Those holding Solana will have their day and get huge profits when the time comes, however the drop Solana has experimented is something that cannot be ignored, the price dropped 92% from its ATH, which is one of the higher percentages among the top coins in the market.

So if someone bought at that price or close to it they will need to hold their coins for the majority of the upcoming bull run just to recover their money, and if they do not have plans to do this then they need to begin to buy more Solana at the current prices so they can decrease the average price at which they bought this coin and they can breakeven even sooner.

I think that type of price movement should not be attributed just to the bear market but also towards luna as well, there were a lot of wrong things happened in the SOL market in the past year and we should be accepting that we are maybe fresh and doing better and cleaner right now and the future is brighter but SOL has gone through some terrible moments without a doubt.

I am not entirely sure what's going to be the worst thing to do, but that doesn't mean that we should be doing anything that is risky anymore neither. I would say invest with the hopes that it could be 40, but also invest less enough to make sure if it goes down, it doesn't hurt your finances.

[OgNasty]

Solana’s problem is that the price was completely manipulated upward by the FTX fraud in order to give him more collateral to take on loans. It would be completely worthless now if it didn’t build a good sized developer community. It seems like most of the funny money was washed out of the system so maybe it will start to see solid growth going forward. The ATH was totally fake though.

[fzkto]

Solana’s problem is that the price was completely manipulated upward by the FTX fraud in order to give him more collateral to take on loans. It would be completely worthless now if it didn’t build a good sized developer community. It seems like most of the funny money was washed out of the system so maybe it will start to see solid growth going forward. The ATH was totally fake though.

Indeed, solana's problem was that they had a close association with FTX and the pumping was fake. But if you consider any other coin, it turns out that pumping is artificial everywhere. The main point with solana is the fact that they managed to survive the collapse of FTX. You are probably right that after that the project has prospects for growth.

[tygeade]

Solana’s problem is that the price was completely manipulated upward by the FTX fraud in order to give him more collateral to take on loans. It would be completely worthless now if it didn’t build a good sized developer community. It seems like most of the funny money was washed out of the system so maybe it will start to see solid growth going forward. The ATH was totally fake though.

Indeed, solana's problem was that they had a close association with FTX and the pumping was fake. But if you consider any other coin, it turns out that pumping is artificial everywhere. The main point with solana is the fact that they managed to survive the collapse of FTX. You are probably right that after that the project has prospects for growth.

I think surviving after the collapse was the number one reason why people didn't really give it up. Normally if it had a terrible period that saw the price crash harder, because of the whole FTX fiasco, then I would guess that there would be more people who would sell and get out of this market. But since it managed to survive and do well enough, it convinced people to end up trusting into keeping their coin going.

And that is why I feel like we should be focusing a bit more towards having trust back into SOL. I know that it will take time for it to go up because gaining trust again is not a single day job, but we are just on fourth month, it could potentially happen within the next 8 months before the year ends.

[kotajikikox]

such thing could simply happen only if there's bullrun going on, otherwise I doubt it would occurred but honestly, for a coin that has already reached high enough all time high, surely it'd be like recovering back to its all time high once the chance arrives, it's as simple as doing the past achievements, so I guess solana could simply hit that mark, but remember that the competition has becoming more fierce.

it can truly easily be attain when there is a bullrun like what we had back in 2021 as Solana reached ATH recording this

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

and also looking at the lowest price this ever touched

All Time Low
May 11, 2020 (3 years ago)   $0.5052

so meaning that could happen in some time but not today or tomorrow .
we are looking (as solana holder)  for another hype, but better take time to review the market and check how much it can reach in the coming years.

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

so it is unlikely that we are going to see Solana at 40 dollars during this year,

that is the bad thing when expecting too much when it is almost impossible , yeah this year isn't enough for SOL to break that 40$ price.

[monineklutak]

Solana’s problem is that the price was completely manipulated upward by the FTX fraud in order to give him more collateral to take on loans. It would be completely worthless now if it didn’t build a good sized developer community. It seems like most of the funny money was washed out of the system so maybe it will start to see solid growth going forward. The ATH was totally fake though.

$40 for Solana is still very easy, it's just that the risk you have to face is very big,
because we know Solana had a problem a while ago and caused chaos at Solana until the time Solana dumped to $ 13,
of course Solana still has good potential but You also have to minimize the rugpull risk if bad news comes again at SOL.

[kevindjunaidi]

Why would you settle for that? $40 is just 100%, that's nothing in crypto world especially with altcoins what can be insanely volatile.
But answer to the question is that anything can happen in 9 months. Funny enough sol price was around $20 two years ago and from there it raised over 10x in 8 months. So yes, 2x is doable.

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I agree with you, because $40 is an easy price for SOL, so of course it could happen and just wait for the market to recover (altseason), then of course the price of SOL can increase very high and reach at least $40 (definitely can happen), therefore there is no need to worry about investing in SOL for the long term.