2024-8-31 10:30 |
Solana will close August on a slow note as it’s now trading at around $138, meaning crucial $140 support was lost this week. Solana bulls managed to protect this support throughout the month following the crash on August 5th.
Traders are now wondering whether they’re too late when it comes to Solana. The yearly high is $209, while the ATH (from 2021) is $260. Solana still has some work to do to break these levels, let alone achieve any bigger price spikes.
I decided to ask Gemini’s AI how much you would have in 2025 if you invest $1,000 in Solana’s token today.
Factors ConsideredThere are several factors I gave to AI to predict Solana price more accurately. One of those factors is, for instance, the possibility of SOL ETFs being introduced in the US by 2025. Additionally, elite analysts unanimously anticipate a bull run in late 2024 and 2025.
Moreover, the total stablecoin market cap is at an all-time high, indicating that there’s substantial liquidity in the market. This liquidity could potentially fuel another leg up in the current bull run. Furthermore, Bitcoin and Ethereum ETFs are already live and trading, which is generally seen as a positive sign as well.
Solana’s performance within the cryptocurrency ecosystem is another crucial factor. So far this bull run, Solana’s ecosystem has been the best-performing. Lastly, the projection assumes a target Bitcoin price of $100,000 by 2025, up from its current price of around $59,000. Bitcoin’s performance often influences the broader crypto market, including Solana.
Solana Price Predictions Pessimistic Scenario Solana Price in 2025: $300 ROI: Initial Investment: $1,000 Number of Solana Tokens: Approximately 7.25 tokens Total Value in 2025: 7.25 * $300 = $2,175 ROI: ($2,175 – $1,000) / $1,000 = 117.5% Realistic Scenario Solana Price in 2025: $450 ROI: Initial Investment: $1,000 Number of Solana Tokens: Approximately 7.25 tokens Total Value in 2025: 7.25 * $450 = $3,262.50 ROI: ($3,262.50 – $1,000) / $1,000 = 226.25% Optimistic Scenario Solana Price in 2025: $1000 ROI: Initial Investment: $1,000 Number of Solana Tokens: Approximately 7.25 tokens Total Value in 2025: 7.25 * $1000 = $7,250 ROI: ($7,250 – $1,000) / $1,000 = 625% We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading.Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
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The post If You Invest $1,000 in Solana Today, How Much Would You Have in 2025 If Bitcoin Price Hits $100k? appeared first on CaptainAltcoin.
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