It has now been sixteen years since the original publication of the Bitcoin whitepaper on the cryptography mailing list. Satoshi went and dropped the paper in the place it would be best received, where all of the cypherpunks and cryptography nerds who had been obsessed with digital cash systems for years hung out and regularly discussed that and other related topics.
The whitepaper was by no means even close to a comprehensive description of the Bitcoin protocol. It didn’t describe the scripting language at all, it didn’t go into a difficulty adjustment algorithm, it just vaguely described the concept of one. It didn’t define the exact protocol blocks were propagated across the network with (just a vague description), or the difference between consensus and policy rules. It didn’t define an issuance schedule or a total supply, just that it could be finite at some arbitrary value and eventually end issuance to support the network based solely on fees.
None of the actual implementation details or specifics of the actual system were described in any way whatsoever. Just the general concept of a proof-of-work secured blockchain and how it could function without a central third party taking the role of record keeper for the transaction history to prevent double-spending.
This is still a rather profound document given all of its shortcomings when weighed against the Bitcoin protocol itself in totality. Applying proof-of-work with a difficulty adjustment to the double-spend problem is the profound breakthrough that actually differentiated Bitcoin from prior attempts at digital cash, such as bitgold or e-cash.
While the whitepaper itself is by no means close to enough information to reimplement the protocol as it stands today, it is enough to replicate a similar enough system. It’s the heart of it, the bits that really had to exist for the protocol we know to be brought into the world. Despite its lack of details and specificity, it will stand the test of time as one of the most important academic papers released in the 21st century.
Everything brought into the world starts with an idea, and the ideas in this paper are truly profound in the implications and consequences they have had, and will continue to have on the world around us.
The live price of Solana crypto is $ 168.19308398.
Solana price could reach a potential high of $350 by the end of 2024.
SOL price, with a potential surge, could go as high as $1,672 by the end of 2030.
Solana is coming true to its self-proclaimed title, “Ethereum-Killer” as it gradually surpasses Ethereum in the decentralized market. Despite the recent pullback to the $165 support, the Solana price prediction targets a bull run above $200.
With the crypto investors wondering about “Is Solana going to go up?” or “How high can Solana go?” the underlying sentiments target $200 this year.
Well, to answer more such questions, we bring to you our Solana price prediction for 2024 – 2030. We’ll address these questions using our various analyses, market sentiments, and regular updates in the crypto world.
Solana’s $15.78B volume surpasses Ethereum’s $8.87B by 77.91%. This marks the highest weekly lead over ETH since its inception.
This week, the top 3 crypto dApps based on daily and weekly fees are all Solana-based, with Jito Finance claiming the No.1 Spot, followed by Solana and Raydium.
Solana Price Prediction November 2024
In the daily chart, the Solana price fails to cross above the $180 mark. The reversal in Solana results in a 10% drop, with an evening star formation at the $180 mark.
Currently, Solana tests the $164 level. Further, the sudden surge in selling pressure has led to a bearish crossover in the MACD and signal lines.
If the bearish continuation in Solana continues below the $164 support level, the 50-day and 200-day EMA are two dynamic average lines that could act as a reversal spot. The dynamic average lines are present at $156 and $145, respectively. Optimistically, the Solana price could reach $250 by the end of November if the broader market rises.
Month
Potential Low ($)
Average Price ($)
Potential High ($)
November 2024
$156
$217
$250
Solana Monthly Active Addresses Cross 100Mn
As the Solana network grows and continues to assert its dominance in the decentralized crypto market, the number of wallets over the network is growing at a staggering rate.
In October 2024, the active addresses exceeded the 100 million mark. Currently, the active addresses over the network monthly are at 102.66 million. Meanwhile, the daily active addresses peaked at 5.91 million on October 23 and is currently at 5.51 million.
Solana Price Prediction 2025
If Solana encourages newer upcoming startups, it could be a new competitor for other cryptocurrencies in the market. Also, in the coming years, if Solana outgrows Ethereum, it might bang at significant highs. On this note, the SOL price may strike its maximum at $750.
New regulations in the future can afflict the price movements, and thereby, a possible low is set for the SOL coin price. If this happens, then a slight pullback can draw Solana to $209.91 by the end of 2025. Considering the bullish and bearish targets, the average price might land at $579.95.
By the Solana Price Prediction 2026, the potential low price for SOL is $357.68, with an average price projected at $624.315 and a potential high of $886.35.
SOL Price Targets 2027:
Moving on to Solana Price Prediction 2027, the potential low price for SOL is estimated at $480.61, while the average price is predicted to be around $761.615. The potential high price for SOL in 2027 is projected to reach $942.61.
Solana Price Prediction 2028:
As per the Solana Price Prediction 2028, the potential low price for SOL is expected to be $645.67, with an average price of $888.335. Further, the potential high price for SOL during this year is projected to reach $1,076.84.
SOL Coin Price Prediction 2029:
Looking ahead to 2029, the Solana Price Prediction forecasts a potential low of $808.54, with an average price of $1,156.305. Moreover, the potential high price for SOL in 2029 can reach $1,224.97.
Solana Price Prediction 2030:
For Solana Price Prediction 2030, we estimate a potential low at $987.9, with an average price of $1,359.165. The potential high price for Solana in 2030 is projected to reach $1,672.15.
Raoul Pal, founder of Real Vision, predicts a potential 20x rally for Solana. He attributes this to Solana’s advanced blockchain technology, growing ecosystem, and rising investor interest.
If Pal’s prediction holds, Solana’s price could exceed $400 in the coming months, a significant surge from its previous peak. Despite market trends, Solana has shown resilience, maintaining a strong performance with consistent buying pressure.
CoinPedia’s Solana (SOL) Price Prediction
With the improving network conditions of Solana and the slow but steady rise in the DeFi sector, the SOL prices project a bullish future.
According to CoinPedia’s formulated SOL price prediction, the price might surge to $350 in 2024. On the flip side, a failure to sustain recovery will plunge Solana prices to $90 by the end of 2024. We expect the SOL coin price to reach $350 by the end of 2024.
Also, Read Coinpedia’s Price Analysis with the latest content on the recent market trend that enables you to get closer to the price movements & actions of the various cryptocurrencies.
FAQs
What is the current price of the Solana token?
At the time of writing, the value of one SOL coin price was $143.33.
Will the SOL price reach $350 by the end of 2025?
According to our Solana price prediction, the altcoin might chug up to a maximum of $750 by the end of 2025. Further, with a potential surge, the price of SOL could reach a maximum of $1672 by the end of 2030.
How high can Solana price go by the end of 2024?
The digital asset could surge as high as $350 by the end of 2024.
Will Solana reclaim its crown of being an Ethereum killer?
Solana with its strengths in fundamentals still holds significant prominence. That said, we can expect its glory to shine brighter with resolutions to shortcomings.
Will Solana enter the top-5 cryptos in terms of market capitalization by 2024?
Solana holds the potential to climb higher on the market cap rankings. The digital asset could make it to the target if it does not fall to negative criticism.
What is the Solana Foundation?
The Solana Foundation is dedicated to growing the Solana network into the world’s most decentralized and censorship-resistant blockchain.
NYSE Arca has filed an application with the SEC to list a Grayscale exchange-traded fund (ETF) featuring a diverse array of cryptocurrencies, marking a significant push to expand institutional access to digital assets.
The Grayscale Digital Large Cap Fund, a crypto index portfolio created in 2018, includes popular cryptocurrencies like Bitcoin, Ethereum, and Solana alongside other altcoins. The application follows the firm’s recent Oct. 16 filing to convert the fund into an ETF.
If approved, the Grayscale Digital Large Cap Fund ETF would introduce investors to a mixed basket of digital assets, positioning itself as a more inclusive alternative to traditional Bitcoin or Ether-focused ETFs.
The proposed fund stands out from competitors by tracking the CoinDesk Large Cap Select Index, which includes five distinct digital assets, offering a broader approach for those seeking exposure beyond BTC and ETH.
The fund currently holds approximately $565 million in assets under management (AUM).
Competing ETFs
Grayscale’s competition includes offerings from Hashdex and Franklin Templeton, both of which have filed for index ETFs that would initially focus on Bitcoin and Ether alone.
Additionally, VanEck, 21Shares, and Canary Capital have submitted multiple filings to list spot ETFs connected to Solana, XRP, and Litecoin.
Industry analysts suggest that the outcome of the upcoming US presidential election could significantly impact the regulatory landscape for crypto ETFs.
Bloomberg ETF analyst Eric Balchunas recently commented that a win by former US President Donald Trump might prompt the SEC to adopt a more pro-crypto stance, potentially accelerating approvals for ETFs with diverse crypto asset holdings.
NYSE’s proposal highlights the growing demand for crypto index ETFs. While the SEC has yet to approve a broad-based crypto index ETF, the filing may signify a new wave of crypto investment options, opening the door to diversified, institution-friendly access to the expanding digital asset market.
In a move that’s set to impact the broader blockchain landscape, the launch of Etherscan on XDC Network—branded as XDCScan—has sparked optimism within the Bitcoin community, particularly among those interested in expanding programmability for decentralized finance (DeFi) and payment systems.
Although Bitcoin itself remains primarily a store of value, the integration of Etherscan’sexplorer on the XDC Network, known for its hybrid architecture and low transaction fees, presents new opportunities for cross-chain interoperability. Bitcoin enthusiasts now see a pathway to increased programmability and smart contract utility that could eventually feed back into Bitcoin payment solutions.
Increasing Accessibility and Transparency
With XDCScan, developers, users, and Bitcoin enthusiasts can now track and verify transactions, monitor wallet balances, and gain real-time insights into the XDC ecosystem. This is particularly important for decentralized applications (dApps) designed to facilitate payment channels that interact with Bitcoin. The detailed token and transaction data, combined with robust API integrations, allows DeFi developers to bridge the gap between Bitcoin’s vast user base and XDC’s scalable smart contract capabilities.
XDC Network’s low-cost, fast transaction capabilities are now poised to support Bitcoin-linked payment solutions, opening doors for innovative DeFi protocols that leverage Bitcoin liquidity while benefiting from XDC’s programmable environment. This development could eventually serve as a foundation for more complex payment systems, decentralized exchanges (DEXs), and lending protocols that integrate Bitcoin.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Crypto.com’s monthly spot trading volume jumped to $139 billion in October, more than doubling the $57 billion recorded by Coinbase, the Block reported on Oct. 30.
A look at trading activity on the platform shows that 97% of the exchange users are focused on Bitcoin and Ethereum, the top two digital assets by market capitalization.
For context, data from Coinranking shows the platform’s daily trading volume at $5.3 billion, with Bitcoin and Ethereum trading pairs accounting for nearly all this volume.
This activity surge comes as Bitcoin closed in on its all-time high of $73,700 from March, peaking at around $73,600 on Oct. 29 — a month traders often refer to as “Uptober” due to its trend of historical crypto gains. In contrast, Ethereum saw a steadier climb, recently crossing the $2,700 mark for the first time in the past month.
Ah, Halloween. The one night a year where we’re supposed to be scared of things that go bump in the night. You know, your classic cast of characters: Dracula, Frankenstein’s monster, your weird neighbor who leaves their Christmas lights up all year round. But here’s the thing—none of those guys actually scare us anymore, do they? I mean, a werewolf might give you a mild startle, but you know what’s really terrifying? The sound of a fiat currency money printer. That, my friends, is nightmare fuel for 2024.
Remember when Frankenstein’s monster was the height of terror? Big, lumbering, slightly awkward in a “do you even lift, bro?” kind of way. Sure, he was menacing back in his day, but now? Come on, Frankenstein’s just a misunderstood guy with a bad skin-care routine and no Wi-Fi. Dracula? The guy’s been outpaced by vegan diets and everyone’s obsession with garlic these days. Werewolves? Maybe once upon a time, but now we’ve got laser hair removal for that.
No, the real monsters of the past just don’t cut it anymore. Today, we’ve got something far scarier, lurking quietly in the background, slowly draining the life out of our savings accounts. Forget the undead—this beast prints its way into our nightmares. Enter: the fiat currency money printer. Terrifying, isn’t it?
Imagine this: you’re dressed up as a money printer for Halloween. You walk into the room, wearing a suit made entirely of dollar bills, making that eerie brrr noise. Suddenly, everyone’s blood runs cold. Forget vampires—this is the stuff of real terror. Because the truth is, inflation doesn’t just take your blood—it takes your hard-earned money and leaves you with less and less every day. Now that’s scary.
Inflation is the ultimate modern-day monster. It sneaks up on you, slowly chipping away at the value of your currency, all while governments crank up those money printers like it’s a haunted house attraction they’re particularly proud of. Only this time, it’s not candy coming out—it’s debased, devalued paper that used to be worth something.
So yes, folks, this Halloween, the money printer is the real villain. It doesn’t wear a mask or haunt a castle; it lurks in central banks and government policies. Every time that printer goes brrr, your savings are silently screaming in terror.
But like every good horror story, there’s a hero. And in this tale of financial fear, that hero is Bitcoin. In a world where inflation runs rampant and fiat currency gets printed into oblivion, Bitcoin is the knight in shining blockchain. It’s here to protect you from the terrifying specter of currency debasement, offering a lifeline out of the inflationary horror show.
Picture this: while Timmy and Sally are out trick-or-treating, they stumble upon a house where, instead of handing out candy, they’re offering something much sweeter—financial sovereignty. No money printers here, just the decentralized beauty of Bitcoin. It’s the one thing that can stand up to inflation and say, “Not today, money monster.”
With a fixed supply of 21 million coins, Bitcoin doesn’t play the “brrr” game. It’s like garlic to a vampire, or silver to a werewolf. Inflation can’t touch it. And as we all know, the scariest thing about monsters is when they can’t be stopped—but Bitcoin can stop this one.
Happy Halloween, and may your portfolio stay spook-free.
Bitcoin is back above $72,000, hitting this level for the first time since its all-time high as Uptober’s rally finally takes off. Spot Bitcoin ETFs are seeing huge interest, with $893 million flowing in, making the second-largest inflow since January.. As the market enters November, a historically bullish month, many are wondering if this could be the start of a strong rally for Bitcoin.
October Recorded 14.4% Monthly Gain
Historically, October has marked the start of bull markets for Bitcoin, and this year seems no different. According to recent data, Bitcoin’s price has already surged by an impressive 14.4% this October, igniting optimism across the crypto market.
Historically, bull markets often begin in October!
And this October, the $BTC price has already risen by 14.4%.
Bitcoin’s performance in October is notable, particularly considering its volatility earlier this year. Analysts point out that this October rally could be following historical patterns, where Bitcoin often shows strong upward momentum in the last quarter of the year.
This year, the October surge appears to have been sparked by increasing interest in spot Bitcoin ETFs, a crucial factor that could further boost BTC’s appeal and liquidity.
Bitcoin ETF Driving Bullish Momentum
One of the key drivers behind Bitcoin’s recent gains is the growing institutional interest in spot Bitcoin ETFs as the total number of Bitcoins held across all nine US spot ETFs surged past the 1 million milestone.
On October 30, Bitcoin ETFs saw a huge $893.3 million inflow in one day, with BlackRock, a major investment company, contributing a massive $872 million. This record investment shows BlackRock’s strong belief in Bitcoin and adds energy to the crypto market.
Thanks to these big investments, Bitcoin has stayed strong around $71,000 in the past few days. BlackRock’s large investment is seen as a good sign, giving investors more confidence that Bitcoin is a good choice for the long term.
Bitcoin Price Prediction For November
As November approaches, a month known for Bitcoin’s strong performance, crypto analyst Ali Martinez has shared insights on Bitcoin’s past returns. He excitedly stated, “Moon-vember is just around the corner!”
Many believe Bitcoin is ready to challenge its all-time high (ATH) of $73,000 and might even set a new record. Meanwhile, Martinez suggests that Bitcoin could climb as high as $78,000 in this next wave.
Other analysts, like Castillo Trading, are even more optimistic, predicting that Bitcoin could reach $80,000. This expectation is supported by CME FedWatch data, which shows a 98.9% chance of a rate cut.
Experts from Standard Chartered also forecast that Bitcoin will reach a new ATH before the upcoming U.S. elections.
