Solana (Sol) has emerged as one of the most resilient cryptocurrencies in recent years. The price of the asset fell below $9 after the collapse of FTX in 2022. The asset rose to its latest peak at $293.31 earlier this year. Let’s discuss when Solana (SOL) rose to a price level of $3,000.
When will Solana reach $3,000?
According to Solana’s estimates at Changelly, Sol was able to climb $3,000 in July 2032, about seven years later. The platform expects SoL to trade in July 2032 at a potential highest price of $3,091.83. Sol’s price will rise by 1621.22% if it reaches $3091.83 from its current price level.
Telegaon analysts are more likely to stand up to Sol than Sol. The platform expects SOL to violate the $3,000 mark between 2035 and 2040. Telegaon predicts that SOL will trade in 2040 at a potential highest price of $3,567.89.
It is also possible that Solana (Sol) will break the $3,000 mark much faster than Telegaon and Changelly predict. Many industry experts expect the crypto market to surge in the coming years. Several analysts predict that Bitcoin (BTC) will reach the $1 million mark by the end of the decade. If BTC reaches $1 million, the larger cryptocurrency market could rise to unprecedented heights. Sol could hit the $3,000 mark under these circumstances.
There are also several Spot Solana (SOL) ETF applications awaiting approval in the SEC. The SEC has taken a pro-cryptic stance under the Trump administration. It is likely that the financial watchdog will approve at least one Sol ETF within this year. ETF approvals can lead to a surge in institutional inflows of assets. Such development could lead to Sol hitting the $3,000 mark earlier than 2030.
