Solana Price Predictions: Will a Web 3.0 Smartphone Displace SOL Crypto?
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Among the best performing tokens in the crypto world today are Solana (SOL-USD). Up more than 9% in the past 24 hours, Solana has been riding the wave of bullish investor sentiment in this space. As a result, interest in Solana’s price predictions is starting to grow.
Indeed, the direction this token is taking in the short, medium, and long term is something many investors are interested in. In terms of near-term catalysts and headwinds, it has been mostly bearish. A series of network slowdowns related to bots spamming the network and security issues have investors worried. Thus, the long-term benefit of this highly scalable network has been called into question.
That said, there are a number of positive catalysts that investors are now pricing into SOL. The Solana ecosystem itself is strong. Indeed, Solana has been a leading platform for developers and users in the decentralized finance (DeFi) space. From non-fungible tokens (NFTs) to other unique projects, Solana has become a blockchain of choice.
Additionally, recent news around a Web 3.0 smartphone has gotten many investors excited. From a growth perspective, this is certainly an interesting catalyst to consider. A phone, focused on simplifying crypto transactions, is just what the industry needs for another leg up. For Solana in particular, this could be a key game-changing differentiator for all blockchain projects.
With that said, let’s dive into where the experts see this token heading from here.
Solana Price Prediction
For context, SOL is currently trading for around $40 per token, at the time of writing.
- Walletinvestor provides a 1-year price target of $3.56 for SOL.
- Similarly, Gov.capital predicts that Solana could be worth $271.12 in one year and $2,180 in five years.
- Finally, Digitalcoinprice suggests that SOL could average $56.99 in 2023 and $99.47 in 2027.
As of the date of publication, Chris MacDonald had (neither directly nor indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com publishing guidelines.