Can SOL Solana cryptocurrency hit $100?
Godfrey Solana is one of the crypto startups invented to solve the difficulties in scalability. It runs on its own blockchain using the Proof-of-History consensus algorithm. It installs historical data in blockchain to prove the transactions which are saved in the digital ledger.
In this article let us try to understand in-depth on the Solana Price Prediction for 2021 and beyond and we will look at some marketers’ views on SOL Price.
Now, let us begin with some basic information on Solana.
What is Solana?
Solana is a high-performing digital currency that runs on the blockchain which supports smart contracts and decentralized applications. It uses a proof of history consensus mechanism. The transactions are timestamped to maximize efficiency. It is a fast and secured blockchain providing the open infrastructure required for global adoption. It can process 50k transactions per second.
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Solana Price Prediction 2021
With a steady recovery in price, SOL traded at $1.60 during the start of January. Progressively, the altcoin continued to recover. The coin reached its resistance level to hit $3.88 and further started to variate. The price Solana might escalate if it grabs the attention of the marketers and enhances its user base. The price may rise simultaneously. At the end of 2021, Solana might be traded at the $18 mark.
SOL Price Prediction 2022
SOL might commence the year with a trading price of around $20. The price is anticipated to grow further if the bulls hold the market for a longer period. The price may hover between $25 and $35 for several months. By the end of 2022, Solana might exchange at $40.
5 years Solana Price Prediction
In 5 years, SOL might concentrate on inbound developments and it may provide more platforms for developers to create decentralized applications. It may reach newer heights and focus on certain partnerships for the betterment of its protocol. By 5 years Solana could reach the $100 mark.