Kevin Helms
A student of Austrian economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the intersection of finance and cryptography.
Finder’s crypto experts predict Solana to rise to $512 by 2030 – Altcoins Bitcoin News
A panel of crypto industry experts has predicted that solana will be worth $166 by 2025 and $512 by 2030. “SOL is one of the leading contenders in the smart contract blockchain space. They are likely to be one of the main beneficiaries if the Ethereum upgrades do not lower transaction fees, one of the experts said.
Solana’s price prediction
Price comparison portal Finder updated its solana (SOL) price predictions on Tuesday. Finder “measures expert predictions about the future SOL price” using weekly and quarterly surveys. “Our larger quarterly survey, most recently conducted in July 2022, asks a panel of 54 industry experts for their thoughts on how Solana will perform over the next decade,” the company wrote.
Find in detail:
Our panel believes solana (SOL) will be worth $45 by the end of 2022 before rising to $166 by 2025.
In addition, the panel expects the price of SOL to increase to $512 by 2030.
Compared to previous predictions, the panel is significantly more bearish in July, expecting SOL to end 2025 at $166 and 2030 at $512. In contrast, the experts predicted in January that SOL would reach $222 by the end of the year before reaching $486 in 2025 and $1,267 in 2030.
Panxora Hedge Fund general partner Gavin Smith, one of the experts on the panel, is more optimistic about the future of solana than the panel average. He expected the price of SOL to reach $76 this year, he said:
SOL is one of the leading contenders in the smart contract blockchain space. They will likely be one of the main beneficiaries if the Ethereum upgrades do not bring lower transaction fees.
At the time of writing, solana is trading at $43.08, up 16% in the last seven days and 19% in the last 30 days.
Regarding the Sonala outage, Finder said: “Stability is one of the biggest concerns facing SOL as it is still running on a test network until the launch of the Solana Mainnet. Although the Solana Mainnet will supposedly stop the outages, our panel isn’t sure, with 69% saying they expect SOL to continue to experience outages. Only 6% say that SOL will fix the problem.”
The experts were also asked whether it is time to buy, hold or sell solana. Finder explained:
The panel is relatively divided on what people should do with SOL, with 40% saying now is the time to buy, 31% saying to hold and 29% in favor of selling.
The panel includes university directors, heads of crypto exchanges, crypto research analysts and executives from various firms with crypto-related products.
Finder’s experts also recently made predictions about several other cryptocurrencies, including bitcoin (BTC), ether (ETH) and cardano (ADA). In May, Finder’s panel predicted the death of meme cryptocurrency shiba inu (SHIB).
What do you think of the Finder expert panel’s solana predictions? Let us know in the comments section below.
Image credit: Shutterstock, Pixabay, Wiki Commons
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