By the year 2023, will Solana’s stock price reach $100 per share? As one of the leading technology companies in the world, Will Solana has seen its stock price rise steadily since its initial public offering in 2018.
In the past five years, it has gained more than 250%. Many analysts agree that if this trend continues, and Will Solana is able to introduce new products and services at a consistent rate, it is very likely that its stock price could reach or exceed $100 per share by 2023.
The price of the Solana network’s SOL token saw an impressive surge in January 2023. However, its value increased from a starting point of slightly less than $10 to an end-of-month peak of around $24.
This represented a 140% increase in just one month and was accompanied by significant trading volume. In February, the market for SOL tokens began to stabilize, and the token price remained close to its January high over the course of the month.
Can Solana Reach $100 in 2023?
The outlook for Solana in the coming months is very encouraging. Last year, Bitcoin experienced a dramatic surge in price, with its value tripling from the start of the year to around mid-year.
During this period, SOL tokens were not available on the market yet. If Bitcoin follows a similar trajectory again in 2019, it could boost Solana’s prospects of reaching $100 by 2023.
Moreover, current evidence suggests that with increasing demand, institutional investments, and adoption of blockchain technology all playing a major role in driving up prices, Solana’s price could reach or even exceed $100 by 2023.
