Can Solana hit $40 this year?

[barhavsky]

depending on market conditions, but with Bitcoin halving on next year, it is likely that the market will start to increase in this year (maybe later this year), so it is possible for the price of SOL to reach $40 this year, because the current SOL price is only $20.58 and to reach $40 its requires an increase of about 2x from the current price (of course it's very easy if there is an altseason this year), therefore now is still the right time for you to do DCA SOL and hold until the altseason occurs (end of this year or maybe next year).

[bitkanu]

pretty much doubt that, gone the days solana is the trend now it's just yet another blockchain existing, this coin is good for investment only initially, after it got massive dump after the company that invested in them went collapse, rarely i see some bullrun coming from this coin.

[Desscount]

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.

Yes, $ 40 is indeed not impossible for Solana, even though it will not happen in the near future,
for a long term investment I think it's very feasible and it's not impossible to give a profit,
I'm pretty sure Solana can continue to grow in the future.

[lobo13hf]

it's already priced about $20 of course solana could easily climb up at this point, it's just twice of its value, some rally will definitely make it comes true but the question again, will it have rally?
i think it will once the bullish season settles in, after all solana is still quite high ranked by market capitalisation of course many will still invests in it.

[Sebas.tian]

depending on market conditions, but with Bitcoin halving on next year, it is likely that the market will start to increase in this year (maybe later this year), so it is possible for the price of SOL to reach $40 this year, because the current SOL price is only $20.58 and to reach $40 its requires an increase of about 2x from the current price (of course it's very easy if there is an altseason this year), therefore now is still the right time for you to do DCA SOL and hold until the altseason occurs (end of this year or maybe next year).

Yes, the price of Solana just increased to $20 few weeks ago show that there is a hope for Solana investors to experience $40 before the end of this year because the Solana team are working seriously to ensure they make their investors smile in this season. I think, holding is the best solution to achieve something reasonable at the end of your investment which many investors have applyed it already so that they will be part of those that will smile when the price of Solana hit higher in the market. I believe the opportunity to buy more of Solana is still open for those that missed the opportunity when the price was $19, to use this opportunity to buy and hold for the price to increase to $40 or $45 before they can sell to make a passive income.

[Rupok]

If we see Bitcoin go beyond 40k by the end of the year, Solana is likely to pump. Now currently Solana is in the $20 range.This season investors are seriously working to get almost 2x from the current price to reach $40. There is a lot of people interest in Solana so I think reaching $40 Sol will be very easy.But it totally depends on the market as we know that the market is likely to pump by the end of 2023.Solana investors can be encouraged to invest at present, as the probability of Solana pumping is high.

[SaveOurSea]

$40 for Solana in 2023 most likely won't touch yet, as FTX 2.0 will reportedly launch in 2024, so I can assume that FTT and Solana Ecosystem will be bullish from 2024,
yes better if you want then this is a good time to accumulate SOL under $40.

[riskarcher]

I have already accumulate SOL every month, so far performence of this coin is better than other altcoin with transfer coin on ecosystem solana is cheap and fast than BEP20 and ERC20. In the next bullrun SOL will reach their goal as previous bullrun. Currently Development of SOL was Cooperate with big companies such google, AI ChatGPT and many more. It's the best startegic partner for to make me believe SOL will be a dark horse in bear market situations

[globalpain]

it's already priced about $20 of course solana could easily climb up at this point, it's just twice of its value, some rally will definitely make it comes true but the question again, will it have rally?
i think it will once the bullish season settles in, after all solana is still quite high ranked by market capitalisation of course many will still invests in it.

Solana still depends on news from FTX, if we look at the price of SOL on the market,
the price is already in the accumulation zone and it could break resistance at $23.
If it breaks, it could reach $40 this year. Yes, there should be encouragement from good news FTX, and reportedly FTX will also launch FTX 2.0,
hopefully this can have an impact on SOL prices.

[mdzahed134]

If i'm not wrong over worth of 1 billion dollar SOLANA token locked in FTX, so i think there is huge risk to invest it in the long term, if those tokens will unlocked then price can be big drop. Right now market is bearish so all of the coins price decreased not only SOLANA low price. I think you should keep holding BTC not good to invest in altcoins.

[WalkerIVIV]

solana could hardly recover i think, the pillars that supported it already collapsed long ago, and right now it's getting overshadowed by the emergence of the newer coins out there that are significantly better.
I just think that this coin isn't that great anymore, so much other coins are actually better than this one.

[AmoreJaz]

solana could hardly recover i think, the pillars that supported it already collapsed long ago, and right now it's getting overshadowed by the emergence of the newer coins out there that are significantly better.
I just think that this coin isn't that great anymore, so much other coins are actually better than this one.

this is the dilemma of most projects, once there are other new and promising projects out there, they can easily be forgotten. unless, the team will do some  steps on how to keep their name popular in the market and aside from that, they are truly doing some developments on their project to sustain their presence in this volatile market.
aiming the 40-level on this coin is very far-fetch for now. if you are a holder, you need to keep an eye on the dev team if they are active in releasing new updates for this platform.

[monineklutak]

$ 20 to $ 25 is the toughest resistance if SOL is able to go up and trade at that level, it is very likely that $ 40 can happen,
because they also have product development that is smartphones, and reportedly Solana will become a competitor to Apple and Samsung.
and also in Q3 FTX will also restart the exchange, don't forget, because Solana is also part of their investment.

[doomloop]

$40 for Solana in 2023 most likely won't touch yet, as FTX 2.0 will reportedly launch in 2024, so I can assume that FTT and Solana Ecosystem will be bullish from 2024,
yes better if you want then this is a good time to accumulate SOL under $40.

The growth of SOL doesn't depend on FTX at all, and I don't see why Solana will have any growth after the relaunch of FTX even if they have any connection or something, SOL might grow in value if Bitcoin goes up in price and enters the bull run which will make the whole market go up with it and SOL might go with the ride as well, other than that, I don't see any growth potential in it for now.

People accumulating SOL might be making a mistake when there are better coins out there that can generate them better profits in the long run, I've been holding for a year now but I didn't see any profit coming from SOL even when the market was doing pretty good.

[Blitzboy]

$40 for Solana in 2023 most likely won't touch yet, as FTX 2.0 will reportedly launch in 2024, so I can assume that FTT and Solana Ecosystem will be bullish from 2024,
yes better if you want then this is a good time to accumulate SOL under $40.

The growth of SOL doesn't depend on FTX at all, and I don't see why Solana will have any growth after the relaunch of FTX even if they have any connection or something, SOL might grow in value if Bitcoin goes up in price and enters the bull run which will make the whole market go up with it and SOL might go with the ride as well, other than that, I don't see any growth potential in it for now.

People accumulating SOL might be making a mistake when there are better coins out there that can generate them better profits in the long run, I've been holding for a year now but I didn't see any profit coming from SOL even when the market was doing pretty good.

Delving into its technology is crucial. Solana isnt just any blockchain - its designed for speed and scalability, key in today's crypto-speedway. Though FTX doesn't directly sway SOL's price, a symbiosis exists. FTX gains from Solana's economical transactions and high output, indirectly impacting SOL's uptake. True, Bitcoin's bullish streaks often pull other coins up. Yet, each coin has unique growth triggers. We should not ignore the potential of individual altcoins. I agree, detailed research and diligence must drive our investments. Diversification is critical - never place all assets in one spot. Remain curious and explore the crypto cosmos continuously.

[SirLancelot]

$40 for Solana in 2023 most likely won't touch yet, as FTX 2.0 will reportedly launch in 2024, so I can assume that FTT and Solana Ecosystem will be bullish from 2024,
yes better if you want then this is a good time to accumulate SOL under $40.

The growth of SOL doesn't depend on FTX at all, and I don't see why Solana will have any growth after the relaunch of FTX even if they have any connection or something, SOL might grow in value if Bitcoin goes up in price and enters the bull run which will make the whole market go up with it and SOL might go with the ride as well, other than that, I don't see any growth potential in it for now.

People accumulating SOL might be making a mistake when there are better coins out there that can generate them better profits in the long run, I've been holding for a year now but I didn't see any profit coming from SOL even when the market was doing pretty good.

After all, Solana is still not a product of FTX. AFAIK it was FTT is the one who is the product of FTX so this should be the coin that will pump once FTX 2.0 is launched. If let say Solana have a connection with FTX then Solana can also skyrocket but I don't think they really have a connection.

It's just that FTX is said to invest on this project and we don't know maybe FTX do also have other crypto investment, it's just that Sol is the only crypto who is being highlighted the most. Sol was once a good crypto and I think it's among the top/old projects, so I wouldn't blame those who invest and still believes in it. They are only hoping that this coin can make an epic comeback.

[ahoenk]

solana could probably touch $40 price but not this year, altseason ussualy will comes after bitcoin bullish phase is finish. we will face another deep before halcing and after halving we will see bitcoin rally first. bitcoin halving will probably happen on May 2024. this cycle will make bitcoin going above $100k maybe $180k and then it will slowly correction and we move to altcoin season


all above is my only opinion base on cycle happen from 2014. it is not financial advice

[CapGelatik]

Of course Solana can reach $ 40 but for now it is difficult, because there is no good news for Solana yet,
we will wait until there is good news from FTX again and SOL will experience a pump that will 100% happen,
so it's better if you buy SOL at $ 15 to $ 16 because if FTX 2.0 launches then you won't see SOL at $16 anymore.

[lunnatic]

solana could probably touch $40 price but not this year, altseason ussualy will comes after bitcoin bullish phase is finish. we will face another deep before halcing and after halving we will see bitcoin rally first. bitcoin halving will probably happen on May 2024. this cycle will make bitcoin going above $100k maybe $180k and then it will slowly correction and we move to altcoin season


all above is my only opinion base on cycle happen from 2014. it is not financial advice

Indeed, we never know what it will be like later, but your opinion clearly has its basis,
apart from that, with market conditions so far, of course we have to be realistic,
Let's see how far Solana will go this year.

[TastyChillySauce00]

If i'm not wrong over worth of 1 billion dollar SOLANA token locked in FTX, so i think there is huge risk to invest it in the long term, if those tokens will unlocked then price can be big drop. Right now market is bearish so all of the coins price decreased not only SOLANA low price. I think you should keep holding BTC not good to invest in altcoins.

Is this for real? i thought that if solana owned by FTX already fully released to the market. That was triggering huge dump to the price of solana caused by ftx was one of major investors of solana in the past.

I got this news

https://cointelegraph.com/news/solana-entities-sold-50m-tokens-to-ftx-how-long-will-sol-price-suffer

Tokens will be unlocked january 2028. that sounds bad for long term but it's not that bad for short term investors.