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

Summary

This article provides a comprehensive review of Solana’s historical price movements and market fluctuations since its inception, combining data from bull and bear market phases to evaluate the potential returns for investors purchasing 10 Solana tokens. It also 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)

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 market records, its early trading price was approximately $0.73.

Below are the price changes during Solana’s early bull market phase:

2020 Year

• Opening Price: $0.73
• Closing Price: $2.16
• Highest Price: $4.4
• Lowest Price: $0.6874
• Annual Return: 196.05%

2021 Year

• 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 $1,357.6 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 sharp declines followed by rebounds. 2022 marked a clear bear market phase, while 2023 showed a strong recovery.

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

• 2022: -$42.47
• 2023: $1,220.22

Recent Market Cycle: Should I buy Solana now? (2024 to Present)

In recent years, Solana has experienced volatile market performance. 2024 has been steady, while 2025 saw a correction, and 2026 has been characterized by consolidation.

2024 Year

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

2025 Year

• Opening Price: $188.47
• Closing Price: $134.12
• Highest Price: $252.6
• Lowest Price: $105.89
• Annual Return: -28.84%

2026 Year to Date

• Opening Price: $136.49
• Closing Price: $136.49
• Highest Price: $136.49
• Lowest Price: $136.49
• Annual Return: 0.0%

Potential returns for investors purchasing 10 Solana tokens during this period:

• 2024: $470.8
• 2025: -$519.8
• 2026 to date: $0

Conclusion: Bull, Bear, and Investment Timing Analysis

By analyzing Solana’s historical prices and potential returns, we see a long-term growth trend accompanied by significant cyclical fluctuations—from $0.73 in early 2020 to a record high of $249.39 in 2021, followed by a bear market in 2022 and a rebound in 2023, culminating in a phase of oscillation and adjustment from 2024 to 2026. The current market is in a relatively low zone, and investors should assess their risk tolerance and market outlook to determine the appropriate timing for purchase.