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Solana Price Predictions • Bull & Bear Case • Benzinga – Benzinga

Decided you want in on the action? You can buy Solana on FTX Exchange or Coinbase
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Solana is down over 80% from its all time high of roughly $260. Nonetheless, despite the bear market discount, before you jump in and pour your life’s savings into Solana (which is never a good idea anyway), take some time to learn more about Solana’s smart contract blockchain before deciding if it’s the right investment for you.
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Our team is diligently working to keep up with trends in the crypto markets. Keep up to date on the latest news and up-and-coming coins.
Solana (SOL) is a decentralized blockchain platform that is home to hundreds of DApps and DeFi solutions. The goal of the project is to create a scalable, secure, decentralized blockchain that allows users to have a fast, fluid experience with low transaction fees. Of course, Solana isn’t the first project to strive towards such a goal.
What makes Solana unique is its consensus algorithm. It’s an interesting hybrid of proof-of-stake (PoS) and proof-of-history (PoH) that facilitates the network to make as many as 50,000 transactions per second. Considering that Ethereum processes about 30 transactions per second, this is beyond impressive.
Currently, Solana’s market cap is over $14 billion with a price of over $40 per SOL. With a fully diluted market cap of more than $21 billion, it has plenty of room for growth. As of February 2022, Solana ranks in the top 10 most valuable cryptocurrencies by market capitalization.
These are important factors in determining the value of a coin or token, and they change often so it’s important to keep an eye on them. While the price of an altcoin is important when you plan to make an investment, the market cap is even more important to understanding the value of the cryptocurrency project.
The market cap shows the value of the coins that have already been mined. It is figured by multiplying the number of coins or tokens in circulation by the cost per coin or token. This helps to see the stability of the asset. Typically, the higher the market cap, the more stable the investment.
With many cryptocurrencies down significantly from their all-time highs, Solana is no exception. There are a few key trends to watch in 2022 that will likely drive network adoption of several layer 1 smart contract blockchains, including Solana. First and foremost, watch the growing NFT industry. Solana supports NFTs, and if more collections begin to use Solana to host their NFTs, this may be bullish for SOL. Another area to watch is DeFi, as Solana has one of the largest DeFi ecosystems, behind Ethereum and a couple other large competitors. With gas fees so high on Ethereum’s blockchain, many users may choose Solana to save on costs.
If anyone told you Solana is better than Ethereum, this was strictly their opinion. Each blockchain network makes tradeoffs and prioritizes different functionalities, so no single network is better than another in every way. Solana prioritizes fast and cheap transactions, whereas Ethereum transactions may take up to a few minutes and cost upwards of $100. However, Ethereum’s blockchain is much more robust, secure and decentralized.
Matthew Makowski is a senior research analyst who has been studying the markets for 20 years. In a recent article on Solana price prediction, he says that Solana’s strongest asset is its innovation. That is what will drive the price of Solana up well beyond the $100 mark.
Makowski says, “And in a matter of a few years, if it does indeed become one of the standard cryptos – as we think it could – it should be worth a whole lot more than that.” To surpass Dogecoin’s peak market capitalization back in May, Solana would need to be priced at over $200 per token, which the token already has done in late 2021.
In an interesting exchange on Twitter, Saber co-founder Dylan Macalinao asked, “What’s the bear case for Solana?” This was a surprising question since Saber is a stablecoin and wrapped asset exchange built on Solana.
Even more surprising was the answer received from Solana seed investor Chris McCann. According to McCann, Solana is not decentralized enough, the developer ecosystem doesn’t get to scale, apps on Solana don’t attract users, speed/cost isn’t the critical path for decentralized apps and crypto overall just never gets to scale.
“Solana by itself isn’t enough – it needs a whole ecosystem of developers to build DeFi apps, social apps, NFT apps, etc.,” said McCann.
Then he added, “Most of these have already been majorly de-risked for the Solana ecosystem but trying my best to come up with the more critical arguments.”
So after reading the different points of view on Solana, you may be ready to buy. If so, FTX Exchange and Coinbase are your best options for where to buy. Both exchanges are easy to use even if you are a beginner in the world of cryptocurrency.
Just register your account and verify it when you are sent the email. You will likely have to provide proof of identity, known as Know Your Customer or KYC, and then you can make a deposit. 
Then find SOL in the exchange listings and click on Buy. It doesn’t get much easier.

Coinbase is one of the Internet’s largest cryptocurrency trading platforms. From Bitcoin to Litecoin or Basic Attention Token to Chainlink, Coinbase makes it exceptionally simple to buy and sell major cryptocurrency pairs. 
You can even earn cryptocurrency rewards through Coinbase’s unique Coinbase Earn feature. More advanced traders will love the Coinbase Pro platform, which offers more order types and enhanced functionality.
Though Coinbase doesn’t offer the most affordable pricing or the lowest fees, its simple platform is easy enough for complete beginners to master in as little as a single trade.

Crypto.com strives to make cryptocurrency a part of everyday life by offering a full suite of services for crypto users. The company offers a Crypto.com App, Exchange, Visa Card, DeFi swap, DeFi Wallet, DeFi Earn, Crypto.com Price, staking, crypto lending, and many other services. What really sets them apart, however, is the combination of super low fees and incredibly generous rewards programs for their users.

This doesn’t have an easy answer. The experts have various predictions on the expected price with some saying over $1,000 in the next 5 years and others predicting a more conservative price of under $300. 
If you are watching for SOL to reach $500, most experts think this could happen by 2023 if the bull market continues. Only time will tell.
Whatever cryptocurrency you buy, it’s important to store it safely. Storing it on an exchange should not be considered a safe option unless you are planning to sell or trade it on the exchange in the short-term.
Hardware wallets are considered the safest way to store crypto because they are not connected to the internet. As such, they can’t be hacked. Software wallets, on the other hand, are more convenient when you want to make transactions with your crypto. 
Many people use both kinds of wallets and keep the crypto they need available for transactions on the software wallet while keeping the rest put away for safekeeping on the hardware wallet.
The Ledger wallet is possibly the top hardware wallet on the market. It supports over 1800 coins and tokens and comes with Ledger Live software that allows you to manage your assets easily from one platform.
Solflare is Solana’s own digital wallet, available as a browser extension or soon as a mobile app. Solflare is non-custodial, allows you to stake your SOL easily, is NFT compatible and best of all, can be installed on your Ledger hard wallet.
The SEC isn’t overly fond of any platform that encourages decentralized finance, so keep a close eye on regulatory decisions that could have a major effect on Solana’s future. On the other hand, new innovations may boost Solana enough to make DeFi regulation of little concern.
As you probably already know, cryptocurrency as a whole is considered a volatile investment. However, with careful research and a bit of luck, you can reduce your risks and often come out ahead. That being said, you should never invest more than you can afford to lose. 
As a top 10 cryptocurrency, most investors see Solana as a good investment. It has already seen explosive growth, and even after the price corrects, it is expected to continue its upward trend over the next few years.

Benzinga crafted a specific methodology to rank cryptocurrency exchanges and tools. We prioritized platforms based on offerings, pricing and promotions, customer service, mobile app, user experience and benefits, and security. To see a comprehensive breakdown of our methodology, please visit see our Cryptocurrency Methodology page.
This content should not be interpreted as investment advice. Cryptocurrency is a volatile market, do your independent research and only invest what you can afford to lose.
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She has spent the past eight years playing the role of an infrastructure consultant, and has now joined Inferse.com as a full time blogger. Her current profession is a result of her deep interest in computer gadgets, laptops, gaming accessories and other tech happenings.