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 to evaluate the potential returns for investors purchasing 10 SOL tokens. It also addresses 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)

Solana was founded in late 2017 by former Qualcomm, Intel, and Dropbox engineers. It 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 the price changes during Solana’s 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 SOL in the early bull market in 2020 and sold at the end of 2021 could have realized a potential profit of $1,289.17.

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

During this period, Solana’s price experienced significant correction, with a sharp decline in 2022 followed by a strong rebound in 2023.

The potential returns for investors purchasing 10 SOL during bear or consolidation phases are:

• 2022: -$83.47
• 2023: $1,179.22

Recent Market Cycle: Should I buy Solana now? (2024 to 2026 so far)

In recent years, Solana has experienced volatile market performance, showing upward momentum in 2024 but correction through 2025.

2024

• Opening Price: $89.41
• Closing Price: $213.39
• Highest Price: $252.68
• Lowest Price: $89.41
• Year-to-date Return: 138.66%

2025

• Opening Price: $188.47
• Closing Price: $132.39
• Highest Price: $252.6
• Lowest Price: $105.89
• Year-to-date Return: -29.76%

The potential returns for investors purchasing 10 SOL during this period are:

• 2024: $429.8
• 2025 to date: -$560.8

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

By analyzing Solana’s historical prices and potential returns, we observe long-term volatility characteristics—from the extreme growth in 2020-2021, deep correction in 2022, rebound in 2023, to the oscillations in 2024-2025. This historical trajectory indicates that Solana, as a high-performance blockchain protocol, exhibits significant cyclical features. When evaluating whether to invest now, investors should consider market cycles, risk tolerance, and long-term investment goals comprehensively.