Solana is heading for the moon, but when?
While the roller coaster ride often continues on Solana’s price, the native blockchain token has still risen significantly since its debut. Very often the “Etherea killer” is presented as a miracle or crypto success story. That’s because many investors got rich. In addition, SOL attracted so much attention that it managed to increase its market capitalization as much as possible until it exceeded the market capitalization of $86 billion.
Even if Solana could break $1,000 in the short term, looking further ahead, 5 figures are in sight for some analysts. CoinCodex specifically refers to a price of $12,215 by 2050. This performance would be achieved over a long period of time and only if Bitcoin’s growth model (averaging 19% per year) is restored.
According to the CoinCodex algorithm, Solan’s growth would be slightly more limited, but almost as impressive. Because the algorithm projects a price of $1,193 in 2040 and $3,305 in 2050. So Solana would show some longevity over time as well as massive adoption.
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Although Solana has seen significant growth since its launch in 2020, growth is expected to slow down subsequently with a larger market cap.
A plausible prediction?
If surpassing one hundred euros was not an easy task, reaching the first thousand should be even more difficult. Although nothing is impossible in finance and cryptocurrency, Solana will have to try harder.
Since “just” approaching the market cap of Bitcoin would already be very complicated for SOL.
Going step by step, the first mandatory step would be to overtake Ethereum. The second cryptocurrency currently has a market capitalization of 4.46 times that of SOL. If Solana had a similar market cap, the exchange rate would be $607.67.
As for BTC, its market cap is 18 times that of SOL. Exceeding one trillion in market cap would therefore be a feat that is as incredible as it is difficult. Such growth would still allow Solana holders to get rich. In fact, because each token would then be worth $2,457.
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As for the next step, it seems very difficult, even with a crypt as dynamic as SOL. Indeed, because, for example, reaching the market capitalization of Apple (the most capitalized stock in the world) would allow SOL to multiply its value by 53. Despite such a performance, and therefore a market capitalization of more than $3 billion, SOL would still reach a price of $12,215. So at Apple’s market valuation, the Solana would be worth $7,224.
Moral of the story: dreaming costs nothing but Solana, and maybe even more in the near future!
Disclaimer
Disclaimer: In accordance with The Trust Project guidelines, BeInCrypto is committed to providing unbiased and transparent information. This article aims to provide accurate and relevant information. However, readers are encouraged to check the facts for themselves and seek professional advice before making any decisions based on this content.