50 fintech specialists predict Solana to trade at $45 by the end of 2022
The cryptocurrency market is back in the green again, and so is one of its major digital assets – Solana (SOL), which has prompted some of the industry’s top fintech specialists to voice their opinions on where they see the price of the ninth largest. token of market value in the future.
The consensus of 54 crypto and Web3 fintech experts has predicted that Solana will end the year 2022 at a price of $45, according to the results of the last Finds price estimate report first published on 19 July.
Looking further into the future, the panel has stated that Solana will be worth around $166 by the end of 2025, after which it will increase to as far as $512 by the end of the year 2030.
Before the market crash in January, experts on Finds was more bullish, predicting that SOL would end 2022 at $222, which was higher than their current forecast for the coin’s projected value by the end of 2025.
Also, they are now more bearish on their 2025 and 2030 predictions than they were in January, when their forecasts for those periods were $486 and $1,267, respectively.
Buy, dump or “hold”?
Considering the recent crypto market crash, the ongoing investigation against Solana, the recurring blockchain outages, and the company’s announced introduction of Saga, an Android web-focused smartphone, the panel’s opinions are divided on whether this is the right moment. to buy Solana tokens.
More specifically, 40% of the panelists stated that now was the time to buy SOL, while 29% of them believed that the time had come to sell it. Another 31% believe that crypto traders and investors should just “hold on” for now.
Bulls versus bears among experts
Among the more bullish experts, with their predictions that SOL would trade at $80 by the end of 2022, is Alex Nagorskii, the fund’s manager at DigitalX, who believe that the latest network upgrades will have a positive impact on the price of Solana. As he explained:
“Solana has implemented several promising protocol updates, which appear to have reduced outages in the short term. It remains to be seen whether the stability will persist. Solana has captured significant parts of the NFT market from Ethereum and remains a decent contender in the L1 race.”
On the other hand, Desmond Marshall, MD at Rouge International and Rouge Venturesis among the more bearish crows on year-end predictions, expecting only $26 for Solana by the end of 2022.
In his opinion:
“DeFi is in deep trouble now, SOL is grabbing onto this space, hoping to be the de facto chain. They’ve been talking about this for years, with nothing significant happening to build traction. And with the current declining markets , the DeFi companies will be gone in no time.”
As things stand, Solana is currently trading at $42.98, an improvement of 2.61% on the day and a gain of 13.53% over the past seven days, according to CoinMarketCap data. If the experts are right, this means that the price could grow by about 4.65% by the end of the year.
Disclaimer: The content of this page should not be considered investment advice. Investment is speculative. When you invest, your capital is at risk.
