SOL

SOL


Price Prediction: is SOL a Good Investment Today in 2022, and in 2025, 2030?

By BittsAnalytics

September, 2023

Current price and other data:

Symbol Price change (1d) Price (USD) Price change (1 week) Sentiment Sentiment change (1d) Sentiment change (1 week) Tweets volume change Trading volume change Volatility MarketCap
SOL 18.95 -2.17-5.44 0.13-0.02 -0.08-7.7 6.12.66 7825230202



In this guide we will look at the Solana from several different perspectives:

  • social media analytics
  • pricing data
  • technical analysis
  • developer activity
  • news


Is Solana a good investment - what does social media tell us about this?

Social listening is a strategy that allows for the monitoring of social media channels to find out what people are saying about individual coins.

Our web platform collects this data non-stop, processing millions of social media posts each day.

From this social media data we determine:

  • number of times Solana or SOL is mentioned in social media posts
  • sentiment (positive or negative) of social posts in which Solana or SOL is mentioned (we use state-of-the-art machine learning model to compute sentiment of posts)
  • what are the most frequent words/topics mentioned in positive or negative sentiment posts that mention Solana or SOL. This allows our users to see which topics/news are positively / negatively impacting the price of Solana

Why can tracker of crypto social media mentions help?

Tracking of social media mentions helps, because the price of coins is often intertwined with activity on social media.

See in the chart below how there was years of disinterest in Dogecoin on social media, followed by spikes in social media mentions along with price rise:






Social media mentions of Solana

Let us now turn our attention to Solana. You can see the number of daily mentions of Solana and SOL in social media posts in the following chart.



Comparison of hourly number of mentions on social media of Solana and Bitcoin





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Social media sentiment of Solana

Daily social media sentiment of Solana and SOL is available in the following chart (for longer history dating back to 2017, subscribe to one of our plans):



Comparison of hourly sentiment of SOL and Bitcoin



The interesting development and insights can often be obtained from same data but based on smaller, hourly interval.

You can get the mentions and sentiment of coins on hourly level as well, by subscribing to one of our plans.

Interested in just the crypto sentiment of Bitcoin? Check out crypto sentiment analysis of bitcoin.



Analysis of most frequent words in positive/negative posts about Solana and SOL

As part of NLP analysis of social posts we determine the words that are most often found in positive and in negative social posts about Solana and SOL, using NLP analysis.

Words that are most frequently found in positive sentiment social posts about Solana and SOL are:

our, trade, crypto, live, community, new, best, join, buy, 🔥, started, win, today, trading, you, members, analyst, one, blockchain, earn, 🚀, projects, like, available, play, thank, this, long, start, learn, time, ready, staking, rewards, week, let, analysts, great, follow, analysis, ✨, much, matic, just, make, got, kraken, top, traders, cryptotraders,

Words that are most frequently found in negative sentiment social posts Solana and SOL are:

the, nft, sol, solana, mint, eth, see, short, link, price, btc, drop, last, big, free, bid, first, around, hours, easy, public, market, what, update, next, get, nfts, auction, know, holders, discord, xrp, day, profit, s, group, send, collection, another, bad, think, editions, miss, reserve, volume, going, buying, bitcoin, ecosystem, gains,

See the 2D chart displaying full word analysis of social posts for this coin:







Interesting Reddit posts about Solana

We collect interesting Reddit posts about Solana, here is our selection of posts:

Reddit post



Solana technical analysis view

Using trading data, we compute potential support and resistance levels for all cryptocurrencies, current chart for Solana:



Important technical analysis method is chart patterns analysis. We use AI to detect various chart patterns, here is the chart showing trendlines for Solana:





Bull and bear markets of Solana

A bull market is a period of general rising prices in the crypto, stock or any other financial market. A bull market is typically preceded by a bear market and followed by a bear market.

We define a bull market as appreciation of price by more than 30% and bear market a period when the prices fall by more than 30%.

Solana has experienced a number of bull and bear markets in the past, see chart below:



2020-12-24
2021-05-19
2020-04-21
2020-09-01
2021-06-22
2021-09-09



What is Solana biggest bull run ?

Solana biggest bull run started on Dec 24th, 2020 and ended on May 19th, 2021.

During this time, the price of Solana increased from 1.2062 USD to 56.2020 USD, resulting in a return of 4559.3 %.



What is Solana 2nd biggest bull run ?

Solana 2nd biggest bull run started on Apr 21st, 2020 and ended on Sep 1st, 2020.

During this time, the price of Solana increased from 0.5348 USD to 4.7945 USD, resulting in a return of 796.5 %.



Historical bull and bear markets of Solana:

Symbol Start Date End Date Start Price End Price Return
SOL 2020-04-112020-04-110.957605828014680.957605828014680
SOL 2020-04-112020-04-210.957605828014680.534790494232020
SOL 2020-04-212020-09-010.534790494232024.79446184947217.9651216713512
SOL 2020-09-012020-09-094.79446184947212.4742806348861-0.48392943513388
SOL 2020-09-092020-09-102.47428063488613.63437035128980.46885939292697
SOL 2020-09-102020-11-053.63437035128981.3933070455136-0.61663041714527
SOL 2020-11-052020-11-221.39330704551362.38142968326490.70919230684518
SOL 2020-11-222020-12-242.38142968326491.2062430244826-0.49347947035377
SOL 2020-12-242021-05-191.206243024482656.20200902929245.592608527952
SOL 2021-05-192021-05-2456.20200902929224.767639791264-0.55931041934186
SOL 2021-05-242021-06-0724.76763979126442.2598870528480.70625410450915
SOL 2021-06-072021-06-2242.25988705284826.595381369499-0.3706707891519
SOL 2021-06-222021-09-0926.595381369499189.344453313216.1194486998543
SOL 2021-09-092021-09-22189.34445331321122.69238861731-0.35201487833205
SOL 2021-09-222021-11-07122.69238861731259.239558286641.1129229058799


Other sources of historical data: Solana free historical data for download

Solana cryptocurrency API data

Download historical bull and bear markets data for Solana by clicking on the button below :


Get csv of bull and bear markets

Sentiment of cryptocurrency news about Solana and SOL

We also compute sentiment for all the news that mention Solana and SOL. Here is an example of recent, sentiment annotated news about Solana:

News Published
Crypto has moved into territory I do not understand
(source: https://www.reddit.com/r/CryptoCurrency/comments/15oqoh0/crypto_has_moved_into_territory_i_do_not/)
1103 h 11 min ago
Bombcrypto BCOIN Price Prediction
(source: https://changelly.com/blog/bombcrypto-bcoin-price-prediction/)
1103 h 41 min ago
Convex Finance CVX Price Prediction
(source: https://changelly.com/blog/convex-finance-cvx-price-prediction/)
1103 h 46 min ago
Price Predictions for XRP Appear Largely Bullish Amid Outlook for 50 Price Following Gemini Glitch
(source: https://zycrypto.com/price-predictions-for-xrp-appear-largely-bullish-amid-outlook-for-50-price-following-gemini-glitch/)
1106 h 14 min ago
Bitcoin Spark As SOL price hampered by FTX and Alameda this new blockchain has no huge VCs
(source: https://zycrypto.com/bitcoin-spark-as-sol-price-hampered-by-ftx-and-alameda-this-new-blockchain-has-no-huge-vcs/)
1109 h 33 min ago
I bought 1k of the Top 10 Cryptos on January 1st 2023 JULY Update Month 7 34
(source: https://www.reddit.com/r/CryptoCurrency/comments/15o9umv/i_bought_1k_of_the_top_10_cryptos_on_january_1st/)
1114 h 17 min ago
Canada to Create Solutions for Storing Seized Crypto Assets
(source: https://www.coinspeaker.com/canada-storage-crypto-assets/)
1115 h 37 min ago
Solana s 1 000 Saga Phone Sees Price Reduction by 400 To Get Wider Adoption
(source: https://www.reddit.com/r/CryptoCurrency/comments/15o7y89/solanas_1000_saga_phone_sees_price_reduction_by/)
1115 h 37 min ago
Analyst Predicts Bear Flag for Bitcoin Price to Dip to 26k Next Week
(source: https://coinpedia.org/price-analysis/bitcoin-price-analysis-will-btc-price-drop-to-26k-in-the-coming-week/)
1116 h 18 min ago
How rising Bitcoin dominance invalidates many crypto assumptions
(source: https://coinjournal.net/news/how-rising-bitcoin-dominance-invalidates-many-crypto-assumptions/)
1116 h 31 min ago
This Incredible Project Could Blast Solana Into The History Books
(source: https://coinpedia.org/press-release/this-incredible-project-could-blast-solana-into-the-history-books/)
1116 h 59 min ago
Bitcoin price outlook as Shiba Memu s presale hits 1 5M
(source: https://coinjournal.net/news/bitcoin-price-outlook-as-shiba-memus-presale-hits-1-5m/)
1118 h 23 min ago
Crypto Market Today Markets Stuck Within a Range Is There a Scope for an Upward Trajectory
(source: https://coinpedia.org/price-analysis/crypto-market-today-markets-stuck-within-a-range-is-there-a-scope-for-an-upward-trajectory/)
1124 h 22 min ago
Top Trending Crypto Coins on DEXTools BT2021 Espresso BarbieCrashBandicootRFK888Inu
(source: https://insidebitcoins.com/news/top-trending-crypto-coins-on-dextools-bt2021-espresso-barbiecrashbandicootrfk888inu)
1132 h 38 min ago
Coinbase newly launched BASE network transaction volume higher than Cardano others
(source: https://cryptoslate.com/coinbase-newly-launched-base-network-transaction-volume-higher-than-cardano-others/)
1133 h 26 min ago
Bitcoin Spark Offers Crypto Mining Ecosystem To Rival ADA SOL
(source: https://zycrypto.com/bitcoin-spark-offers-crypto-mining-ecosystem-to-rival-ada-sol/)
1135 h 5 min ago
;

16

Solana price prediction - 2022, 2025, 2030

There are many possible approaches to price prediction of Solana. Many of our clients decide to generate price predictions by using our API to download vast amounts of data we have accumulated since 2017 and then develop trading models using our data.

For backtesting, there are many excellent open source libraries available:








Solana quick facts

Website Total supply Available supply Is minable? Proof type Algorithm Explorer
https://solana.com/ 509599939.71765 303778118.07739 PoS N/A https://explorer.solana.com/





Is SOL a good investment - quickly compare Solana to other cryptocurrencies


The best ways to compare coins for potential are available if you subscribe to one of our plans.

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Will coin go up and is it a buy right now?






About Us

BittsAnalytics, developed by the company Alpha Quantum, is a leading analytics platform for cryptocurrencies, delivering social sentiment and other cryptocurrencies data since 2017. Homepage:
www.bittsanalytics.com

Company Contacts


Alpha Quantum
Franz-Joseph-Str.11
Munich
Germany

+49 (0)89 2153 68 219