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.
