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Solana (SOL) Price: Bitwise Projects $6,636 Target for Solana by 2030
In a recent report, cryptocurrency index fund management firm Bitwise has released projections for the potential price movement of Solana (SOL), predicting a staggering $6,636 target by 2030 in its most optimistic scenario.
As of January 17, 2025, Solana’s current market capitalization stands at approximately $32.45 billion, with a price of $214.86 per token. The bullish projection comes as the blockchain continues to demonstrate strong network metrics and impressive user adoption.
Solana’s transaction processing capabilities have been highlighted by Bitwise as a key factor in its potential growth, boasting the ability to process an astonishing 65,000 transactions per second. This scalability has allowed the platform to become increasingly attractive for both retail users and institutional clients seeking low-cost and reliable services.
Moreover, the report notes that Solana’s network reliability and performance have seen significant improvements throughout 2024, alleviating concerns about stability. As a result, transaction costs remain consistently low, which, in turn, is driving adoption across various user segments.
The strong momentum observed over the past 24 hours, with an 8% price increase, further supports these projections. The platform’s developer activity remains robust, with numerous projects having established themselves on the Solana network across various sectors of the cryptocurrency ecosystem.
Based on these factors, Bitwise outlines three possible scenarios for Solana’s future price movement by 2030. A conservative estimate (bear case) projects a cumulative annual growth rate of 35.1%, resulting in a $2,318 price target. The base case assumes a moderate 47.2% cumulative annual growth rate, leading to a $4,025 valuation by the same time frame.
However, it is the most optimistic projection – the bull case – that has garnered significant attention. By assuming a cumulative annual growth rate of 59.1%, Bitwise forecasts Solana’s price reaching an impressive $6,636 by the end of the decade.
These projections underscore the immense potential Solana (SOL) holds as a leading blockchain platform for the years to come.
Source: blockonomi.com
