Can Solana hit $40 this year?

[Smitty Werben Man Jensen]

if the bullrun comes this year, maybe it can happen, because currently SOL price is $21.42 and for SOL price to reach $40 it only requires an increase of 2x from the current price, so it is a very easy for SOL to achieve $40 if a bullrun occurs, because every time a bullrun occurs, most altcoin prices increase at least 3x from the current price or even reach the ATH price and the ATH price of SOL is $259, therefore I believe if the bullrun occurs on this year, so the price of SOL can reach $40, but if the bullrun has not occurred on this year, then it's very difficult for the price of SOL to reach $40, therefore this depends on market conditions, but now is the right time for you to buy SOL, because SOL prices are still very cheap and worth to buy.

At the beginning of the year, when SOL was below $10, I didn't believe the coin could recover at least to its current price due to the collapse of the FTX exchange. But now that SOL is above $20 I think $40 is realistic. I'm just not sure it can happen this year. I think the market will start to show good growth next year.

SOL being able to return above $20 again is something very important, because that level is an important level to continue bullish,
I'm sure SOL can go to $40 this year because with FTX 2.0 which will be launched in Q3 this year, the price of SOL will also be affected by bullish,
just look at now SOL is getting better recovery.

[JahriMeayer]

I notice, some opinions are too much aggressive about solana, even people including me, aren’t trust solana anymore for become profitable in long run. I agree that this coin isn’t worth investing and thats why people move on from others altcoins but i believe solana Will hit more than $40! But no guarantee within this year but yes! It'll might be happen during bull run! This is solana which ath was $240 something. So i believe Solana still has enoght enough to have a journey of $40 which ks double of its current price!! 

[JeffBrad12]

I notice, some opinions are too much aggressive about solana, even people including me, aren’t trust solana anymore for become profitable in long run. I agree that this coin isn’t worth investing and thats why people move on from others altcoins but i believe solana Will hit more than $40! But no guarantee within this year but yes! It'll might be happen during bull run! This is solana which ath was $240 something. So i believe Solana still has enoght enough to have a journey of $40 which ks double of its current price!! 

despite the fact that solana peaked that much when it was still in its prime basically in the previous bullrun but we all know that there are so many controversies involving solana.
moreover the fact that nowadays so many coins are released which are getting support from massive venture capital with millions if not hundred millions investment might already spell solana's doom.
the thing with solana is that, right now it stuck in its price for long, it might be saved if ftx is trying to comeback again but right now the future of solana is still uncertain even though seeing from the all time high that solana
is having alone already means that it has all the chance to get back up its all time high in the future bullruns.

[Xampeuu]

$40 is only 2x the current price, but to reach that target this year I think there are several influencing factors, where if the bearish season ends this year it might be achieved, but I think it will happen, even if not for this year, solana is a potential altcoin where many investors are glancing at it and are also at the top of coinmarketcap, therefore in investing we must be patient waiting for it to reach the target we want, but I think it is difficult for this year solana can achieve it, considering today just this bitcoin had a small dump before the halving happened

[Sebas.tian]

$40 is only 2x the current price, but to reach that target this year I think there are several influencing factors, where if the bearish season ends this year it might be achieved, but I think it will happen, even if not for this year, solana is a potential altcoin where many investors are glancing at it and are also at the top of coinmarketcap, therefore in investing we must be patient waiting for it to reach the target we want, but I think it is difficult for this year solana can achieve it, considering today just this bitcoin had a small dump before the halving happened

Despite the dump of the price of Bitcoin few hours ago, I don't think that dump will take a long time before the price will pump back for bull market to occur so that other cryptocurrencies price will start pumping in a way Solana investors will start experiencing good income from their investment. If Solana price want to hit $40 before the end of this year 2023, I think it is possible for such price to happen, because the price of Solana is still between $21 and $20 which anything can still happen in this season for those that invested in Solana to smile. I believe the next move of Solana price will be $30 or above to encourage their investors that there is a bright future ahead of those that invested in Solana.

[dbshck]

Visa recently announced that they are utilizing Solana for USDC settlement with acquirers Worldpay and Nuvei. https://www.coindesk.com/business/2023/09/05/visa-taps-solana-and-usdc-stablecoin-to-boost-cross-border-payments/

Visa, one of the key tradfi payment networks, choosing Solana as one of its stablecoin settlement options speaks a lot about the chain capability for cheap and fast transactions. However, due to the current market condition, the price is barely moving LOL. It's only up by 4% and there was no instant price action in the first 30 minutes or so. In a bull market, this announcement would have made 50% price swing

[Mehedi72]

Solana may not worth buying as many new alternative is already rulling the crypto market. Recently i see a good news where visa announcement of utilizing solana, which can make solana price drive in positive way but not that much conversing for investment. Many months have passed away but you can see solana price is still same and i think $40 will be a long journey for solana to be happened within this year

[libert19]

Solana may not worth buying as many new alternative is already rulling the crypto market. Recently i see a good news where visa announcement of utilizing solana, which can make solana price drive in positive way but not that much conversing for investment. Many months have passed away but you can see solana price is still same and i think $40 will be a long journey for solana to be happened within this year

It's just overall market downtrend right now, when times comes $40 will be nothing for solana, even couple hundred will be an easy feat, not like it hasn't done that before.

[Pamadar]

Solana may not worth buying as many new alternative is already rulling the crypto market. Recently i see a good news where visa announcement of utilizing solana, which can make solana price drive in positive way but not that much conversing for investment. Many months have passed away but you can see solana price is still same and i think $40 will be a long journey for solana to be happened within this year

Maybe not this year yet, but once the raging bull start to pump back, I'm positive that Sol will be one of those assets that will
bring a decent pump.

So far still in the situation where the value is still not moving that much, but if you trust this project, I'm sure you will be
able keep buying and holding your coin, there's still good potential to make this coin reached such target, though
it will going to depend on how you analyze and understand your investment.

[Mehedi72]

It's just overall market downtrend right now, when times comes $40 will be nothing for solana, even couple hundred will be an easy feat, not like it hasn't done that before

that's true. recently solana doing good and still keep growing. If we check the chart, solana increased 25% within a week which is a lot for solana while it was silence for months. even this growth percentage is more than others potential altcoins. If solana can keep the speed continue, then we could hope $40 even more will be crossed before the year end. But I'll not suggest to buy only based on such speculation theory

[X-ray]

It's just overall market downtrend right now, when times comes $40 will be nothing for solana, even couple hundred will be an easy feat, not like it hasn't done that before

that's true. recently solana doing good and still keep growing. If we check the chart, solana increased 25% within a week which is a lot for solana while it was silence for months. even this growth percentage is more than others potential altcoins. If solana can keep the speed continue, then we could hope $40 even more will be crossed before the year end. But I'll not suggest to buy only based on such speculation theory

It will be soaring even higher once FTX will able to redistribute all of money to the creditors. The company is stil in the process of liquidating their funds to pay the creditors. I hope that everyrthing goes well as this will be also helping solana so much in pumping its price.
I have heard that if FTX is still in the process to resurrected its company again. I do support this decision and solana is a worthy coin to bet for long term.

As long as FTX plan will be going so well and i think that 40 bucks will be easily reached by this coin.

[Xxmodded]

Solana have good recovery although slowly recent their lower price under $13 and right now have been up almost 50% to $24 yesterday, I don't think difficult for this years Solana will raise $40 depend how bitcoin and current market condition in the positive side will make Solana easily or has chance to raise higher price. Latest higher price yesterday, Solana almost raised to $25 and seems left 15$ needed by Solana raising to $40 and not really close the opportunity to get in higher price actually this year. Since bitcoin keep in the positive trend, there are not reason for stopping Solana will raise to higher price but have chance if bitcoin going drop not sure will Solana keep in the positive trend or will drop under $20.
All possibilities are happening and depend with bitcoin current price, if keep stable with higher price actually Solana not face difficult back above $40.

[koang]

Solana have good recovery although slowly recent their lower price under $13 and right now have been up almost 50% to $24 yesterday, I don't think difficult for this years Solana will raise $40 depend how bitcoin and current market condition in the positive side will make Solana easily or has chance to raise higher price. Latest higher price yesterday, Solana almost raised to $25 and seems left 15$ needed by Solana raising to $40 and not really close the opportunity to get in higher price actually this year. Since bitcoin keep in the positive trend, there are not reason for stopping Solana will raise to higher price but have chance if bitcoin going drop not sure will Solana keep in the positive trend or will drop under $20.
All possibilities are happening and depend with bitcoin current price, if keep stable with higher price actually Solana not face difficult back above $40.

Hmm...I'm not confident in Solana.
From a regulatory perspective, Solana faces risks due to being caught up in the collapse of FTX and its close ties to Sam Bankman-Fried.
Moreover, 80% of validators on Solana are subsidized by Alameda and the Solana Foundation
The Foundations can manipulate node operators to do what they want.
This is not a sustainable system. In the long run, SOL will suffer.

[fmz89]

do you know many solana project already move to polygon and ftx stuff wont go away easy, no matter what it will stick that way for long time
solana trade like hot potato, dont makes for long term bag, and most of their ecosystem was built in by the team not real adoption

[mich]

Well Solana did get to $40 this year and than some more. Bitcoin price did pass $35,000 and Solana was at a price of $46 just yesterday.

It was up 16% and is now up more then 30% just in the last 7 days to lead all other alt coins in top of coinmarketcap. https://www.coindesk.com/markets/2023/11/01/bitcoin-retakes-35k-after-fomc-as-solanas-sol-leads-sharp-altcoin-rally/

[rodskee]

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.

hope you bought Solana that day mate and keep them on hold till now because as the time of typing? Solana is
staying at almost 39 doillars and that is penny away from your target price.I wish and pray that you are earning now and made it to the top
of your investment . why did I not consider buying that day when it is truly super low.and also there are still 2 months remaining so maybe
SOL may reach up to 50 dollars before the year ended.

Well Solana did get to $40 this year and than some more. Bitcoin price did pass $35,000 and Solana was at a price of $46 just yesterday.

It was up 16% and is now up more then 30% just in the last 7 days to lead all other alt coins in top of coinmarketcap. https://www.coindesk.com/markets/2023/11/01/bitcoin-retakes-35k-after-fomc-as-solanas-sol-leads-sharp-altcoin-rally/

OP did not return here to update what had happened  in His investment and about how much have he earned or
if he is willing to sell out now or keep waiting till Halving instead.

[TakeItEasy]

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.

Solana is quite good now and it has also had a price pump in the previous days, and also it has some good news coming. Also, we have seen some rumors of Solana Airdrops, users are saying the Solana season is starting again and we can get a huge airdrop from Solana again as many users got many airdrops through Solana.

Also as many are saying about drip verse, they are distributing NFTs every week which gives users huge benefits and they sell their NFTs and get benefits through it. This will also give Solana a pump and these rumors about the Airdrop will also pump the Solana and its ecosystem in the coming days.

[savetheFORUM]

Well Solana did get to $40 this year and than some more. Bitcoin price did pass $35,000 and Solana was at a price of $46 just yesterday.

It was up 16% and is now up more then 30% just in the last 7 days to lead all other alt coins in top of coinmarketcap. https://www.coindesk.com/markets/2023/11/01/bitcoin-retakes-35k-after-fomc-as-solanas-sol-leads-sharp-altcoin-rally/

The uptrend for Solana was surprising yet good to see after such a long time. It was having a hard time recovering even when Bitcoin and the whole market were recovering slowly, and that has made the investors and holders of Solana confused about whether it will be able to recover. I remember, in the past, when Bitcoin was around $33k before dropping to $16k, SOL used to be around $38, and then when the FTX collapsed and everything started going negative, that's when SOL started to become more stagnant and lose a lot of value.

It's good to see it recovering and showing that it is still there and it shouldn't be neglected. I know a lot of people think that the regulatory pressure would stop its growth over time because of its links with FTX and SBF but I believe it can come out of all that and have an independent and organic growth.

[kotajikikox]

Well Solana did get to $40 this year and than some more. Bitcoin price did pass $35,000 and Solana was at a price of $46 just yesterday.

It was up 16% and is now up more then 30% just in the last 7 days to lead all other alt coins in top of coinmarketcap. https://www.coindesk.com/markets/2023/11/01/bitcoin-retakes-35k-after-fomc-as-solanas-sol-leads-sharp-altcoin-rally/

staying at almost 42 dollars now and holding a 26% increase in the last 7 days according to Coinmarketcapitalization https://coinmarketcap.com/currencies/solana/ so i think this is enough for OP;'s question to be answered and is it really hitting 50$? that is something that we can wait to happen .

do you know many solana project already move to polygon and ftx stuff wont go away easy, no matter what it will stick that way for long time
solana trade like hot potato, dont makes for long term bag, and most of their ecosystem was built in by the team not real adoption

well tell that to the supporters that specially seeing the potential growth as we can see now, but like what you said their ecosystem isn't that nice for long term investment so better leave when its hot.

[TimeTeller]

Well Solana did get to $40 this year and than some more. Bitcoin price did pass $35,000 and Solana was at a price of $46 just yesterday.

It was up 16% and is now up more then 30% just in the last 7 days to lead all other alt coins in top of coinmarketcap. https://www.coindesk.com/markets/2023/11/01/bitcoin-retakes-35k-after-fomc-as-solanas-sol-leads-sharp-altcoin-rally/

staying at almost 42 dollars now and holding a 26% increase in the last 7 days according to Coinmarketcapitalization https://coinmarketcap.com/currencies/solana/ so i think this is enough for OP;'s question to be answered and is it really hitting 50$? that is something that we can wait to happen .

do you know many solana project already move to polygon and ftx stuff wont go away easy, no matter what it will stick that way for long time
solana trade like hot potato, dont makes for long term bag, and most of their ecosystem was built in by the team not real adoption

well tell that to the supporters that specially seeing the potential growth as we can see now, but like what you said their ecosystem isn't that nice for long term investment so better leave when its hot.

If the OP by chance invested a significant amount of money by the time he posted this thread, which was about $20 at that time.
He is already getting 2x and more of his money. This is why if you have good feeling about the project, just throw some of your extra funds and wait.
But this will only be true to top alts like SOL, which is in the top 10 alts. But if you happen to invest in a pump and dump coin, those 8 months of waiting, will be a nightmare.
Because more than likely, such coin already exited the market in that time frame. So better assess the project you want to get in.