Solana: SOL’s Price If Its Market Cap Equals Ethereum
Solana (SOL) has emerged as a solid competitor to Ethereum (ETH). The SOL network has seen incredible growth over the last few years. Transaction fees and time have also seen a dramatic decline on the SOL network. These aspects have led to many developers choosing the SOL network over ETH.
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Solana’s Price If Its Market Cap Equals Ethereum
Ethereum (ETH) has a market cap of about $222.33 billion. Solana (SOL), on the other hand, has a circulating supply of about 520 million coins.
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Let’s assume that the number of SOL coins in circulation remains the same. In this scenario, the price of each coin will hit $427.56. SOL’s price will rally by about 189.69% if it hits the $427.56 target. Reaching $427.56 will also be a new all-time high for the asset.
When Will the Asset Breach the $400 Mark?
Solana (SOL) has displayed incredible strength over the last few years. The asset was among the best-performing cryptocurrencies of 2024. SOL’s price fell to below $10 after the collapse of FTX in 2022. Since its 2022 lows, the asset has hit multiple highs. SOL hit its most recent peak of $293.31 on Jan. 19 of this year. The asset’s incredible rebound over the last few years is a testament to its resilience.
According to Telegaon’s estimates, Solana (SOL) could breach the $400 mark in 2025 itself. The platform anticipates the asset to trade at a maximum price of $414.68 this year.
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Changelly analysts are slightly bearish on SOL. The platform predicts SOL will breach the $400 mark in August 2027, about two years from now. Changelly anticipates SOL to trade at a maximum price of $403.75 in August 2027.
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Solana: SOL’s Price If Its Market Cap Equals Ethereum
Solana (SOL) has emerged as a solid competitor to Ethereum (ETH). The SOL network has seen incredible growth over the last few years. Transaction fees and time have also seen a dramatic decline on the SOL network. These aspects have led to many developers choosing the SOL network over ETH.
Also Read: De-dollarization: Devere CEO Warns Dollar Supremacy Cracking as Asia Dumps USD
Solana’s Price If Its Market Cap Equals Ethereum
Ethereum (ETH) has a market cap of about $222.33 billion. Solana (SOL), on the other hand, has a circulating supply of about 520 million coins.
Also Read: $280 Price Target Projected for Amazon Stock (AMZN)
Let’s assume that the number of SOL coins in circulation remains the same. In this scenario, the price of each coin will hit $427.56. SOL’s price will rally by about 189.69% if it hits the $427.56 target. Reaching $427.56 will also be a new all-time high for the asset.
When Will the Asset Breach the $400 Mark?
Solana (SOL) has displayed incredible strength over the last few years. The asset was among the best-performing cryptocurrencies of 2024. SOL’s price fell to below $10 after the collapse of FTX in 2022. Since its 2022 lows, the asset has hit multiple highs. SOL hit its most recent peak of $293.31 on Jan. 19 of this year. The asset’s incredible rebound over the last few years is a testament to its resilience.
According to Telegaon’s estimates, Solana (SOL) could breach the $400 mark in 2025 itself. The platform anticipates the asset to trade at a maximum price of $414.68 this year.
Also Read: Nvidia Chip Export Restrictions: CEO Warns Legislation Could Impact NVDA Stock
Changelly analysts are slightly bearish on SOL. The platform predicts SOL will breach the $400 mark in August 2027, about two years from now. Changelly anticipates SOL to trade at a maximum price of $403.75 in August 2027.
Read More