Solana (SOL) Historical Price and Return Analysis: Should I Buy SOL Now?

Abstract

This article provides a comprehensive review of Solana’s historical price movements and market volatility since its inception, combining data from bull and bear market phases to evaluate the potential returns of purchasing 10 SOL tokens. The analysis addresses the critical question: “Should I buy Solana now?” to help both novice and long-term investors identify optimal entry points and growth opportunities.

Early Market Origins and Initial Bull Market Phase: Historical Price Review (2020 to 2021)

Solana was created by former engineers from Qualcomm, Intel, and Dropbox in late 2017 as a single-chain delegated proof-of-stake protocol designed to provide scalability without compromising decentralization or security. According to market records, its early trading price was approximately $0.73 in 2020.

Below are Solana’s price movements during the early bull market phase:

2020

  • Opening price: $0.73
  • Closing price: $2.16
  • Highest price: $4.40
  • Lowest price: $0.6874
  • Annual return: 196.05%

2021

  • Opening price: $3.47
  • Closing price: $176.34
  • Highest price: $249.39
  • Lowest price: $3.47
  • Annual return: 4978.04%

An investor who purchased 10 SOL tokens during this early bull market phase in 2020 would have seen potential returns of $1,272.00 if sold at current levels.

Bear Market Correction and Middle Market Cycle: Returns and Risk Analysis (2022 to 2023)

During this period, Solana experienced significant price volatility, with a dramatic downturn in 2022 followed by a strong recovery in 2023.

Below are the potential returns for investors who purchased 10 SOL tokens during the bear market and consolidation phases:

  • 2022: -$128.07
  • 2023: $1,134.62

2022

  • Opening price: $140.74
  • Closing price: $9.99
  • Highest price: $147.86
  • Lowest price: $9.99
  • Annual return: -92.9%

2023

  • Opening price: $14.47
  • Closing price: $101.71
  • Highest price: $112.47
  • Lowest price: $14.47
  • Annual return: 603.0%

Recent Market Cycle: Should I Buy Solana Now? (2024 to 2026)

In recent years, Solana has demonstrated mixed performance, with strong growth in 2024 followed by consolidation and modest declines in 2025 and 2026, raising questions about whether the market has entered a new bull phase or remains in a consolidation period.

2024

  • Opening price: $89.41
  • Closing price: $213.39
  • Highest price: $252.68
  • Lowest price: $89.41
  • Annual return: 138.66%

2025

  • Opening price: $188.47
  • Closing price: $134.12
  • Highest price: $252.60
  • Lowest price: $105.89
  • Annual return: -28.84%

2026 (to date)

  • Opening price: $139.70
  • Closing price: $127.93
  • Highest price: $139.70
  • Lowest price: $127.93
  • Annual return: -8.43%

Potential returns for investors who purchased 10 SOL tokens during this recent period are as follows:

  • 2024: $385.20
  • 2025: -$605.40
  • 2026 (to date): -$117.70

Summary: Bull Markets, Bear Markets, and Investment Timing Analysis

Through analysis of Solana’s historical price movements and potential returns, the data reveals significant volatility characterized by exceptional bull market gains followed by substantial corrections. The trajectory from 2020 through 2026 demonstrates both the substantial wealth-creation potential and considerable risks associated with cryptocurrency investments, providing investors with critical insights for evaluating current market conditions and determining optimal entry timing for SOL positions.

SOL0,94%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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