Solana Historical Price and Return Analysis: Should I buy SOL now?

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 who purchase 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)

Founded in late 2017 by former Qualcomm, Intel, and Dropbox engineers, Solana 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 Solana’s price changes during the 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 $1,224.10 if sold today.

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

During this period, Solana’s price experienced significant declines followed by strong rebounds, showing volatile trends.

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

• 2022: -$175.97
• 2023: $1,086.72

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 2025 so far)

In the past two years, Solana has resumed an upward trend, prompting market discussions about whether a new bull phase has begun.

2024

• Opening Price: $89.41
• Closing Price: $213.39
• Highest Price: $252.68
• Lowest Price: $89.41
• Annual Return: 138.66%

2025 (so far)

• Opening Price: $188.47
• Closing Price: $123.14
• Highest Price: $252.6
• Lowest Price: $105.89
• Annual Return: -34.66%

Potential returns for an investor buying 10 Solana tokens during this period are:

• 2024: $337.3
• 2025 so far: -$653.3

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

By analyzing Solana’s historical prices and potential returns, we observe a long-term growth trend since 2020, accompanied by significant cyclical fluctuations. Early investors have achieved over 1000% returns, while the 2022 bear market resulted in short-term losses. Currently, the market is in an adjustment phase, and investors should assess whether to allocate funds to Solana based on their risk tolerance.