SOL 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 addresses 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 focused on providing scalability without compromising decentralization or security. Records show its early trading price was approximately $0.73.

Below are SOL’s price changes 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 $1329.1 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 declines followed by strong rebounds, influenced by market cycle fluctuations.

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

2022

• Opening Price: $140.74
• Closing Price: $9.99
• Highest Price: $147.86
• Lowest Price: $9.99
• Annual Return: -92.9%
• Potential Profit: -$70.97

2023

• Opening Price: $14.47
• Closing Price: $101.71
• Highest Price: $112.47
• Lowest Price: $14.47
• Annual Return: 603.0%
• Potential Profit: $1191.72

Recent Market Cycle: Should I Buy SOL Now? (2024 to 2026 so far)

In recent years, SOL has shown a trend of volatility and correction, with ongoing discussions about its long-term value and timing for positioning.

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

2026 YTD

• Opening Price: $139.7
• Closing Price: $133.64
• Highest Price: $139.7
• Lowest Price: $133.64
• Annual Return: -4.34%

Potential returns for investors purchasing 10 SOL during this period:

• 2024: $442.3
• 2025: -$548.3
• 2026 YTD: -$60.6

Conclusion: Bull, Bear, and Investment Timing Analysis

By analyzing SOL’s historical prices and potential returns, we observe cycles from extreme growth (2021 with 4978% return) to deep correction (2022 with -92.9%) and partial recovery. Currently, the market is in a relatively consolidation phase. Investors should evaluate whether it is a suitable timing for deployment based on their risk tolerance, investment horizon, and market outlook.