What is Solana?
Solana is a high-performance cryptocurrency build with Blockchain without loss of Decentralized Application and Security, it is based on of PoH means proof of History which simply encode passage time into a ledger which improves the speed of Blockchain, as the main moto to launch Solana is to get faster transaction speed in which currently more than 59k+ transaction gets approved per second with 400ms block time and having almost zero transaction fees and the reason behind this output is Solana is developed by very experienced core tech developer from best companies of the world including Apple, Google, Qualcomm, Microsoft, Twitter, Intel, Dropbox, Catalyst and many more. as Solana is having headquarter in San Francisco along with code distribution have a community all over the world.
Solana able to secure a good partnership with Chainlink, Loansnap, dfuse, DDEX, civic, Aksash, Pocketm Fortmatic and tempest along with investing partner Multicoin capital, foundation capital, SLOW, Abstract rockway ventures, Blocktower capital, and CMCC Global.
Solana Price Prediction
Binance listed Solana immediately after that it got indexed on coinmarketcap.com in which they manage to get $89 Million worth market cap value within 24 hours with first day recorded value is USD 0.78 and then with over 14% it hiked to Reach $0.95 which is close to crossed USD 1 mark, has had price more than USD 1 with 500 million total supply makes good combination, as currently, Solana is new in the market and ability to reach under top 2000 of cryptocurrency ranking, as we have seen in many cryptocurrencies run i.e. immediately after its launching it will be hiked with the percentage more than 80% or even closer to 250%, so with average minimum growth of 80% calculated with starting price Solana in upcoming 2 weeks will be trading at $1.3 and If growth rate equal to 250% then estimate price will be 2.45 USD.
Solana Coin Price Prediction 2020
Solana has launched SOL Token which uses delegated proof of stake algorithm to validate a transaction, as to build Solana they have 8 different Innovation i.e. PoH, Turbine, PBFT, Gulfstream, Sealevel, Pipelining, Cloudbreak, Achievers and as per roadmap in 2020 they will be building powerful oracle with help of Chainlink, Loansnap with using homecoin will provide liquidity for loans, API solution will be implementing into Solana with Dfuse, as this thing will be help Solana to get a huge boost in ranking as well as they are also worked for high-frequency trading with humming-bot which is going to provide liquidity to Solana across various trade exchange, for cloud storage with are integrated with Akash who providing serverless supercloud infrastructure into Solana and to store SOL this project is integrated with Formating which allows accessing the decentralized application with help of phone number or email address.
|Month & Year||Average Price Prediction in USD|
|April 2020||$0.87 USD|
|May 2020||$0.98 USD|
|June 2020||$1.06 USD|
|July 2020||$1.90 USD|
|August 2020||$0.89 USD|
|September 2020||$0.97 USD|
|October 2020||$1.65 USD|
|November 2020||$1.73 USD|
|December 2020||$2.46 USD|
Note: somewhere in October to November 2020 Solana will cross $2 USD mark.
Read Also: OXT Coin Prediction
Solana is about to complete 2 days of indexing as to increase sale there is the distribution of SOL as a reward of worth USD 20, as during token distribution Solana latest price was $0.220 and comparing this with launching price then Token holder already gets ROI Over 220% and if they Still HODL for more than 1 month they might be getting 500% ROI which will be great considering time because latest ICO was schedule in march 2020 so within 2 months 500% ROI, as we know current market is shaking with huge fluctuation but still is not able to show fluctuation over 150%.
Solana Coin Prediction 2021
As Solana is slowly releasing token from Distribution per month, as in the year 2021 there will be a huge percentage of Token will be released for trading and that can be responsible another steady growth, as a team believes Solana will having long terms path in which Holding will be the key factor, as looking at above prediction where SOL crossed USD 2 mark then following new year momentum Solana may be crossing $5 mark or if it backed with a price on moon event then $10 is also achievable with constant growth 250% per 4 months.
|Month & Year||Price Prediction in USD|
|January 2021||$2.98 USD|
|February 2021||$3.04 USD|
|March 2021||$3.20 USD|
|April 2021||$2.28 USD|
|May 2021||$2.33 USD|
|June 2021||$3.04 USD|
|July 2021||$3.60 USD|
|August 2021||$4.59 USD|
|September 2021||$4.98 USD|
|October 2021||$5.09 USD|
|November 2021||$3.78 USD|
|December 2021||$4.22 USD|
Note: if Solana not able to cross $5 mark at the beginning of the 2020 year then most probably October will be the month.
- How Much Solana Worth in 5 Years i.e. 2025?
Ans: $22 (Expected)
- Will Solana Reach $100 USD?
Ans: Yes Maybe in the year 2030 to 2032.
- Will Solana Coin Reach $10 USD
Ans: Yes in 2022 or at the ending of 2021.
- Should I Buy Solana Coin in 2020?
Ans: Yes, Coin is new having upgraded Network which can shine in the future.
|ICO Price||$0.220 USD|
|Date of Indexed||10th April 2020|
|Total Supply||500,000,000 SOL|
|Recorded all-time high||$1.31 USD|
|Technology||PoH Backed Blockchain|
|Ranking on coinmarketcap.com||2027|
|Trading Exchange Platform||Binance, Bilaxy|