Solana (SOL) To Hit $166 By 2025, Despite Current Bearish Conditions
22 Juli 2022 - 2:58PM
NEWSBTC
Solana (SOL) is said to soar to $60 under the best circumstances or
with Bitcoin holding up its current green state, this is according
to a tweet made by trader Altcoin Sherpa who has over 180,400
followers on Twitter. While Altcoin Sherpa is confident about the
performance of SOL, he has qualms about the strength of the crypto.
Further, Altcoin Sherpa still thinks SOL is extremely bearish as of
press time but there is still a healthy degree of trading
opportunity. SOL is currently trading at $43.87, up 18% in the last
seven days, based on figures by Coingecko, Friday. The token
had an overall impeccable week as it jumped from only $34 to almost
$47 before it corrected. SOL To Reach $166 by 2025 and $512 by 2030
SOL is said to not change too much by the end of 2022. However,
once you HODL, it may look optimistic again by the end of 2030.
Fintech and Web3 experts have predicted that the SOL price will
shoot to $50 by the end of 2022. Well, this is actually a reduced
figure by 75% in comparison to the price prediction made at the
start of the year. On a lighter note, the panel foresees that SOL
may shoot to a glorious $166 by 2025. In fact, in 2030 the price is
said to spike to a whopping $512 by 2030. Most of the panel of
experts say that now is the time to buy SOL. Well, it’s pretty much
a divided zone as around 29% believe that it’s time to sell the
token while 40% think that it’s time to HODL. And 55% of the pie is
predicting that SOL may outperform Binance in terms of TVL on the
chain. So, what side of the fence are you in? SOL total market cap
at $15.02 billion on the daily chart | Source: TradingView.com Paul
Levy Predicts Solana To Hit $60 By End of 2022 Paul Levy, an Expert
Lecturer at the University of Brighton and part of the panel,
predicts that SOL could hit as much as $60 by the year’s end due
mainly to its empowered network or community. SOL’s tech community
has been harping on Solana’s efficiency and stability for the
longest time. However, SOL’s reliability or outages issues may be
something to think about. SOL has been facing persistent and
massive power outages since last year; specifically since September
2021. Currently, the token is experiencing a 5600% growth spurt
from its price during launch. Solana has a long way to go
especially with the increased volatility of the crypto market. More
so, SOL has jumped 55% in just a year which proves its value and
its potential to rise to greater heights. Featured image from
The Independent, chart from TradingView.com
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