Solana has been one of the top-performing assets in recent years, establishing itself as a suitable choice for trading and long-term investment. Following a six months consolidation, the Solana price prediction is positioned for directional rally leaving investors curious—what could a $5,000 investment in this altcoin turn into if the SOL price surged by 1,000%?
Returns on $5,000 If Solana Price Rises 1,000%
By press time, the Solana price traded at $128.57 with an intraday loss of 2.4%. According to Coinmarketcap data, Solana stands as the fifth largest cryptocurrency, with a $59.6 billion market cap and $1.72B in 24-hour trading volume. The SOL price shows a Year-to-Date (YTD) growth of 25% and trades at 50%, down from An all-time high of $260.
With the above data, let’s explore the potential returns in SOL, starting with a 1,000% surge and going down to a smaller percentage growth.
- What would SOL price be if it rallied 1,000%?
- Assuming Solana coin surged 1000%, the current trading price of $128.5 would reach $1,414.27. In such a case, a $5,000 investment would grow to approximately $55,046.16.
- How much would $5k invested be if SOL shot up 100%?
- Using the same formula above, a $5,000 investment in SOL after a 100% rise would be worth $10000, which is simply 2X.
- How much would $3k invested be if SOL shot up 500%?
- After a 500% surge, the SOL price would trade at $771.42. An investment of $3000 would grow to approximately $18000.
- How much would $3k invested be if SOL shot up 100%?
- A 100% surge would double your investment from $3000 to $6000, as the Solana price could rally to $257.14.
Solana Price Prediction: SOL Eyes Major Breakout from Flag Pattern
The Solana price tradingview chart shows the formation of a bullish continuation pattern called Flag’. The chart setup is characterized by a directional rally represented by a ‘pole’ and two downsloping trendlines displaying the temporary counter-trend move.
Amid the market expectation of the Fed rate cut, the SOL price could rebound within the flag pattern and challenge the key resistance at $180. A successful breakout from the overhead trendline will signal the continuation of the prevailing rally and set buyers to chase the $250 peak.
On the contrary, the Solana price prediction could drive a prolonged consolidation if investors witnessed renewed selling pressure at $180.
Frequently Asked Questions (FAQs)
A $5,000 investment in Solana could grow to approximately $55,046.16 if the SOL price surged by 1,000%.
Solana could challenge the $180 resistance, and a breakout might push the price toward the $250 level.
Solana is facing a key resistance level at $143, followed by $160 and $180.
Sahil Mahadik
Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/markets/whats-the-return-on-5000-invested-in-solana-if-sol-price-surges-1000/
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