SOL Cryptocurrency Historical Price and Return Analysis: Should I Buy SOL Now?

Summary

This article provides a comprehensive review of SOL’s historical prices and market fluctuations since its inception, combining data from bull and bear market phases to evaluate the potential returns for investors purchasing 10 SOL tokens. It also answers the key question, “Should I buy SOL 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. According to CoinMarketCap, its early trading price was approximately $0.73.

Below are the price changes of SOL 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 SOL during the early bull market in 2020 would see a potential profit of $1,212.40 if sold today.

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

During this period, SOL’s price experienced significant volatility, with a sharp decline in 2022 and a notable rebound in 2023.

Below are the potential returns for investors purchasing 10 SOL at different stages:

• 2022: -$187.67
• 2023: $1,075.02

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 SOL Now? (2024 to 2025 to Date)

In the past two years, SOL experienced a rise followed by a decline. In 2024, the trend continued upward, while in 2025, it showed a downward trend.

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: $121.97
• Highest Price: $252.6
• Lowest Price: $105.89
• Annual Return: -35.28%

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

• 2024: $325.6
• 2025 to date: -$665.0

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

By analyzing SOL’s historical prices and potential returns, we see that the asset has gone through multiple complete market cycles—from the extreme gains of 2020-2021, deep corrections in 2022, rebounds in 2023, continued growth in 2024, to the pullback in 2025 to date. Historical data indicates that SOL is highly volatile. Long-term investors should evaluate whether the current market conditions and their risk tolerance still support a position for deployment.