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

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Summary

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, it evaluates the potential returns for investors purchasing 10 Solana tokens and answers the key question, “Should I buy Solana now?” to help both beginners and long-term investors grasp timing and growth opportunities.

Beginning of Bull Market and Early Market Cycles: Historical Price Review (2020 to 2021)

Solana was founded in late 2017 by former Qualcomm, Intel, and Dropbox engineers. It is a single-chain delegated proof-of-stake protocol focused on providing scalability without compromising decentralization or security. According to CoinMarketCap, its early trading price was approximately $0.73.

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

2020

  • Opening Price: $0.73
  • Closing Price: $2.16
  • Highest Price: $4.4
  • 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 bought 10 Solana tokens during the early bull market in 2020 would see a potential profit of $1,267.4 if sold today.

Bear Market Adjustment and Mid-term Market Cycle: Return and Risk Analysis (2022 to 2023)

During this period, Solana’s price experienced a significant decline followed by a strong rebound.

The potential returns for investors purchasing 10 Solana tokens during bear or consolidation phases are:

  • 2022: -$132.67
  • 2023: $1,130.02

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 so far)

In recent years, Solana has shown volatility, continuing upward in 2024 but experiencing adjustments in 2025 and 2026.

2024

  • Opening Price: $89.41
  • Closing Price: $213.39
  • Highest Price: $252.68
  • Lowest Price: $89.41
  • Year-to-date Return: 138.66%

2025

  • Opening Price: $188.47
  • Closing Price: $134.12
  • Highest Price: $252.6
  • Lowest Price: $105.89
  • Year-to-date Return: -28.84%

2026 (so far)

  • Opening Price: $139.7
  • Closing Price: $127.47
  • Highest Price: $139.7
  • Lowest Price: $118.87
  • Year-to-date Return: -8.75%

The potential returns for purchasing 10 Solana tokens during this period are:

  • 2024: $380.6
  • 2025: -$610.0
  • 2026 so far: -$122.3

Conclusion: Bull, Bear, and Investment Timing Analysis

By analyzing Solana’s historical prices and potential returns, we observe its cycle of extreme volatility—from a 4900% annual gain in 2021 to nearly a 93% annual decline in 2022, followed by a strong 603% rebound in 2023. Currently, Solana is in a correction phase, with prices oscillating around $127, down from its historical highs. This provides investors with a reference point to evaluate whether now is a suitable time to position for future growth.

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