How much will Sol increase in 2025?
How high will Sol go in 2025? A friend recently asked me.
Some people say that SOL has reached 490 billion RMB, its market value is too high, and it may fall sharply next.
But some people firmly believe that SOL will lead the entire cryptocurrency market and the price will rise to 800 or even 1,000 US dollars.
Market sentiment may boost sol prices, sol is still undervalued
In 2017, during the bull market, the total market value of virtual currency reached a maximum of US$740 billion. In 2021, during the bull market, it reached US$2.8 trillion. Now, the total market value of the virtual currency market is about US$2.53 trillion.
Therefore, we boldly assume that in this bull market, Bitcoin reaches $120,000, accounting for 0.32 of the virtual currency market. Then the total market value of virtual currency in this round will reach 7.875 trillion US dollars. If it is discounted by 30%, it will be 5.5 trillion US dollars.
Calculate the price of Sol in this bull market. In the last bull market, BNB ranked third in market value, accounting for 4% of the total market value. Now Sol ranks third, surpassing BNB, with a market value share of 3.5 to 4.5. Therefore, according to the total market value of 5.5 trillion, Sol's market value is between 192.5 and 247.5 billion US dollars.
At present, the circulation data of Sol is about 468,730,468, and the corresponding price is between 410 and 527 US dollars. Therefore, Sol is still undervalued.
Although we have such an estimate, we have to say that it is just an estimate, and market sentiment may boost the price of SOL.
The current price of sol is about $150. So there will be about 3 times profit. Are you satisfied?
The increase in meme coins is obviously greater than that in public chain coins. Marvin (address 7055) is a primary market meme coin that belongs to Musk's concept. It has recently increased significantly, has high market activity, and has a low market value.
The bullish SOL price prediction for 2024 is $204.02 to $343.64.
The price of Solana (SOL) may soon reach $300.
The price prediction for the 2024 bearish (SOL) is $83.
In this Solana (SOL) price prediction 2024, 2025, 2026-2030, we will use precise trader-friendly technical analysis indicators to analyze SOL price patterns and predict the future trend of the cryptocurrency.
Solana (SOL) Current Market Conditions
More practical strategies, specially prepared for spot enthusiasts and bull market hoarders! Click on my avatar to follow and get my bull market strategy deployment, which is shared for free to all fans. You need references, I need fans, and I want to be the most generous bull market blogger on the entire network!
