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

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Abstract

This article comprehensively reviews Solana’s historical prices and market fluctuations since its inception, combining data from bull and bear market phases to assess potential returns for investors purchasing 10 SOL coins. It aims to answer the key question, “Should I buy Solana now?”, helping both newcomers and long-term investors understand market timing and growth potential.

Bull Market Starting Point and Early Market Cycles: Historical Price Review (2020 to 2021)

Solana was created by former engineers from Qualcomm, Intel, and Dropbox in late 2017. According to CoinMarketCap records, its early trading price was approximately $0.73.

Here’s Solana’s price changes during the initial 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 purchased 10 Solana coins in the early bull market phase of 2020, if sold today, would have a potential profit of $1381.7.

Bear Market Adjustment and Mid-term Market Cycles: Profit and Risk Analysis (2022 to 2023)

During this period, Solana’s price experienced significant fluctuations, influenced by various market factors.

Here are the potential profits for investors who purchased 10 Solana coins during the bear market or consolidation phase:

• 2022: -$18.37
• 2023: $1244.32

Recent Market Cycles: Should I Buy Solana Now? (2024 to present)

In recent years, Solana has shown an upward trend again, sparking discussions about whether we’ve entered a new bull market or are still in a bear market phase.

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: $138.9
• Highest price: $252.6
• Lowest price: $105.89
• Annual return: -26.3%

Potential profits for investors purchasing 10 Solana coins during this period are as follows:

• 2024: $494.9
• 2025: -$495.7
• 2025-present

Conclusion: Bull Market, Bear Market, and Investment Timing Analysis

By analyzing Solana’s historical prices and potential returns, we can observe long-term growth trends and help investors assess whether the current phase is still suitable for positioning, answering the key question, “Should I buy Solana now?”