Where Will Solana Be in 3 Years?
Key takeaways
- SOL-USD ETH-USD NVDA Solana (CRYPTO: SOL) set a record high of $295 on Jan. 18, 2025.
- Like Ethereum (CRYPTO: ETH), Solana is a proof-of-stake (Po S) blockchain that supports staking (locking tokens to earn rewards) and smart contracts (for developing decentralized apps).
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
SOL-USD ETH-USD NVDA Solana (CRYPTO: SOL) set a record high of $295 on Jan. 18, 2025. That marked a near-190% gain over its previous 12 months. But as of this writing, the token trades at about $73. Let's see why Solana soared, why it pulled back, and where it could head over the next three years.
Like Ethereum (CRYPTO: ETH), Solana is a proof-of-stake (Po S) blockchain that supports staking (locking tokens to earn rewards) and smart contracts (for developing decentralized apps). However, Solana's Layer-1 (L1) blockchain is much faster than Ethereum's L1 blockchain because it integrates its own proof-of-history (PoH) mechanism, which timestamps transactions before they're validated, into its PoS consensus mechanism.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »