Solana has sunk to the bottom of the major crypto rankings while ETF buyers sit on their hands. Could stablecoins, tokenized funds, and a surprise Samsung deal rescue it, or is a far steeper slide waiting by 2031?
The Crypto Desk desk. Editor: Sam Daodu.
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Solana (CRYPTO:SOL) trades at $93.36. This marks a 22.64% decline from $120.68 over the last month, after dipping to $91.84 on November 2, 2026, and it remains 68.17% below its all-time high.
In the past week, SOL dropped 5.14%, making it the worst performer among major cryptocurrencies. For comparison, Bitcoin (CRYPTO:BTC) fell just 0.53%, while Ethereum (CRYPTO:ETH) and XRP (CRYPTO:XRP) both gained. Five years ago, on November 6, 2021, SOL traded at $258.93, meaning anyone who invested then is now down 63.94%.
Predicting SOL’s price in 2031 is challenging. Given its current price, a reasonable projection for the next five years could see it losing about half its value or, conversely, climbing back to its peak of $293.31, a gain of 214.17%. The critical question is: where will Solana end up in five years, and what factors will influence that outcome?
What Solana Could Be Worth at $293.31, $500, or $1,000
Market capitalization is calculated by multiplying a cryptocurrency’s price by the total number of coins in circulation. CoinGecko counts 590,317,671 SOL in circulation, giving it a market cap of $55.1 billion, ranking it No. 7 among cryptocurrencies. At its all-time high, SOL’s market cap would rise to around $173.1 billion. At $500, the market cap could balloon to about $295.2 billion, exceeding Ethereum’s current valuation of $286.6 billion.
However, supply dilution complicates these targets. Solana does not have a fixed maximum supply, and its total supply of 637,066,926 SOL already exceeds the circulating supply. Its fully diluted valuation, the value of all existing tokens at the current price, is $59.5 billion. Since new SOL tokens are continuously entering circulation, SOL will require significantly more buying power to reach $293.31 in 2031 than it did back in January 2025.
In our earlier analysis of whether Solana can hit $500 by 2028, we also explored its potential to surpass Ethereum in value. Before that happens, SOL must first overtake XRP; as shown in our XRP comparison, it still has a long way to go.
Factors That Could Boost Solana Toward 2031
Samsung Wallet introduced USDC (CRYPTO:USDC) on Solana today, making it accessible to approximately 82 million eligible US Galaxy devices. USDC is a stablecoin pegged to the US dollar. However, Samsung is also partnering with a competing blockchain, meaning Solana will have to put in extra effort to capture users.
Additionally, Centrifuge has launched a tokenized bond fund strategy on Solana, allowing fund shares to exist as blockchain tokens. ZetaChain has also proposed shutting down its network around December 9, 2026, and migrating its token to Solana, with the plan open for voting until November 7, 2026.
Furthermore, SOL has a 7.74% weight in a significant asset manager’s benchmark index, indicating its growing relevance in the market.
Risks That Could Hinder Solana’s Growth
US spot Solana ETFs reported zero net flows on November 2, 3, and 4, 2026, indicating a lack of interest from fund buyers. Solana was pulling in ETF money as recently as November 2025, but that demand has since stalled.
The lending protocol Loopscale halted all operations today due to malicious API requests, though it assured that no deposits were lost. Competition from Ethereum and other blockchains also continues to put pressure on fees and user engagement.
Solana FAQ: Recovery, $1,000 and 2031
Will Solana Recover? SOL has bounced back before, climbing 121.61% in three years from $42.13 in November 2023. A full recovery to its previous peak would require a 214.17% gain.
Can Solana Reach $1,000? For SOL to hit $1,000, it would need a tremendous 971.12% gain and a market cap of around $590.3 billion, far exceeding Ethereum’s current value. This outcome seems unlikely by 2031.
What is the Solana Price Prediction for 2031? We anticipate a wide range for late 2031 prices, from $50 to $500, based on our previous analyses.
Will Solana Recover by 2031? SOL has a fair chance of trading above $200 by late 2031, a low chance of reaching $500, and a very slim chance of hitting $1,000. This wide range reflects the potential influence of network usage, which is just beginning to show up in wallets and tokenized funds.
To recover, SOL will need to surpass its 50-day average price of $108.58, then its one-year high of $167.38, with spot ETF flows turning positive again; until then, $293.31 looks unlikely. If flows stay at zero and SOL closes below its one-year low of $62.18, the $50 scenario becomes more likely, with the November 7 ZetaChain vote and Samsung’s USDC rollout as the next signals to watch.
Contact [email protected] for any questions or corrections.
Sam Daodu is a crypto analyst and the editor of 24/7 Wall St.'s Crypto Desk, where he covers Bitcoin, XRP, Ethereum, Solana and the altcoins investors search for most. His work focuses on price levels, spot ETF flows, on-chain data and the regulatory decisions that move crypto markets, written so a first-time buyer and a seasoned trader can both use it.
Sam has written about crypto professionally since 2019 and has published more than 2,000 articles. Before joining 24/7 Wall St., he wrote for crypto media outlets and Web3 companies and ghostwrote for crypto founders and token launches. His analysis is syndicated on Yahoo Finance, MSN and AOL and has been cited by other crypto news sites. He also founded MacLabs Marketing, a content and personal branding agency for crypto founders and executives.
When he isn't reading charts, Sam is usually at the gym or watching One Piece, a series he maintains has better tokenomics than most altcoins.
