I think Solana's foundations appear better than ever, so let's talk about that. Because of its versatility and resilience, Solana has established itself as a major force in the Web3 and decentralized financial space. And I think Solana will make her debut very soon.
You see, over the previous few months, Solana's strong performance has been talked about in a lot of different places. Thanks to the growth of meme coins based on Solana and, of course, an expanding DeFi, NFT, and gaming ecosystem. Between September 23 and March 2024, Solana's price increased by more than ten times, from about $20 to $202.
Solana is now below its all-time high of $259 from 2021, but I have little doubt that it will soon reach new heights. After all, TBL's total value locked in its DeFi projects has increased to $5.5 billion, slightly below its 2024 peak of $5.6 billion, while Solana has had net flows of about $1 billion over the last three months. In a similar vein, the network's daily active addresses reach yearly highs of almost $4.8 million.
Prepare yourself for a thrilling Solana update. In addition to discussing recent news, we will examine several price projections for the upcoming years, and of course, I will share my own future price estimate with you in this piece.
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SOL Price Overview
First things first, the live sold price of solana while writing this post is trading at $176 and the current coin market cap ranking is number 5 with a live market cap of $78.65 billion, trading at 35% below its all-time high which was recorded on November 6th, 2021.
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Solana Latest News
And now let's get into some recent news. Solana Labs partners with Google Cloud in order to launch Web3 application programming interface.
So Solana Labs and Google Cloud, they recently launched GameShift, a gaming development API that provides a full suite of foundational Web3 services in order to, or for projects hosted within the cloud ecosystem.
And the tool is largely aimed at developers working on traditional games who want to add Web3 components such as non-fungible tokens or other digital assets to their experiences. It's intended to do much of the heavy lifting, not living, when it comes to integrating blockchain-based services from one platform to the other in a secure pipeline.
GameShift is the next stage of the two companies' extended partnership and is currently available on the Google Cloud marketplace. Powerledger, another coin that we are holding, integrates with Solana's mainnet ecosystem. So Australian energy tech company Powerledger has expanded into the Solana ecosystem, aligning with the blockchain's focus on sustainability and regenerative finance, also known as ReFi.
And Powerledger integrates its energy solutions, including peer-to-peer energy trading and carbon credit trading, onto the Solana mainnet after operating its own Solana virtual machine blockchain for over a year. Now the integration marks a key step in advancing financial innovation focused on environmental well-being. Going green here is important.
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The move also makes Powerledger's token with the ticker POWR available on Solana while maintaining its ERC-20 form. PlaySolana launched its first handheld console on Sol. A Solana-based team, PlaySolana has unveiled the first handheld gaming console built on the Solana blockchain called PlaySolana Gen 1, or PSG-1.
And this device is designed to support Sol's decentralized network, even though the specifics with three games it will feature remain at this moment undisclosed. While the release date is yet to be announced, you can however already pre-order this console and the device is available exclusively to PlaySolana Player 1 NFT holders. And PlaySolana Player 1 NFT was launched through the Magic Eden launchpad on September 16th.
So these NFT holders gain priority access to pre-orders, a discounted purchase window and a share of its tokens. The Player 1 NFT also unlocks future airdrops, exclusive community participation and governance rights within the ecosystem. Obviously this move highlights the growing interest in blockchain gaming and mobile devices within the Solana ecosystem.
Furthermore, Solana unveils new Seeker device, says it's not just a meme coin phone. So the Seeker positioned as an improvement over its predecessor, Saga, and aimed at providing more than just meme coin rewards. The Solana Seeker brings innovative features designed for the growing Web3 space.
Obviously, the device price significantly lower than Saga, $450 to $500 instead of $1,000 for Saga. It comes with an upgraded Solana Depth Store 2.0 and improved hardware, which includes a 6.36-inch AMOLED screen, 108 plus 32 MP camera, high-performance processor called Snapdragon 8 Plus Generation 1 Mobile Processor. Now while this is all good, but for us investors or traders, the key features are more important than the hardware.
And they are Seed Vault Wallet. And the Seed Vault Wallet, a secure self-custodial wallet built into the Solana Seeker phone. It keeps your private keys safe in a secure part of your device and lets you manage crypto easily using fingerprint recognition.
You can store, send and receive Solana and other tokens directly from your phone with no third parties involved. Furthermore, the Seeker Genesis token. Each Solana Seeker comes with a Seeker Genesis token, which is a unique NFT tied to the device that cannot be transferred.
However, this token unlocks special rewards in the Solana ecosystem, including access to exclusive dApps and offers. So with more than 140,000 pre-orders, many users are going to enjoy these rewards. Maybe we should get a phone like that.
Reason being is that this new device offers an affordable entry point into the world of decentralized applications, making it appealing for both beginners and experienced crypto users.
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SOL Price Predictions 2025-2026
And finally, we got to the price predictions and the first one comes from Wallet Invest and they believe they're going to see a high of $381 in 2025. Next one comes from Trading Beasts and they're seeing a high in 2025 of $186. And the last one comes from DigitalCoin.com and they predict the price will hit $400 in 2025.
My Price Prediction for 2025-2026
Now before we end, I always like to give my two cents on the dollar and my two cents this time is only going to be my own price prediction. Now I actually believe that we can see each Solana token trading somewhere at the end of 2025 and the beginning of 2026 at around $750 to $1,000 per Solana token.
Now this is way more than its previous all time high and it's also much more than even DigitalCoin.com predicted. The reason being is however, I feel that the ecosystem is really growing and it's competitive. It's been able to, you know, solidify great partnerships and some big traditional companies have migrated on to the Solana blockchain.
Therefore, if you take into consideration that it has around 400 some million tokens in circulating supply, you would times that up with a thousand and then you would get around or to be exactly, you would get to $468 billion.
It does sound a lot and I could be wrong, but yeah, this is my prediction $750 to $1,000 per Solana token. However, remember, do your own research. It's important because as you know, I don't know shit about crypto.