Should You Buy Solana While It's Under $250?

Core Insights - Solana experienced a remarkable growth of over 11,000% in 2021, reaching a peak price of nearly $295 in January 2022, and trading between $190 and $250 in September 2022 [1][2] - Analysts from Standard Chartered predict Solana could finish 2022 at $275 and reach $500 by 2029, contingent on its ability to capture a larger share of the stablecoin and tokenized asset markets [2] Market Position and Performance - Solana's total value locked (TVL) is currently $12.5 billion, representing about 9% of all on-chain funds, making it the second-largest blockchain after Ethereum, which has a TVL of $94 billion [4] - The TVL of Solana has increased significantly from $1.4 billion at the start of 2024, indicating strong growth potential in decentralized finance (DeFi), stablecoins, and tokenized assets [5] Future Growth Potential - Solana's price is closely linked to its TVL, and capturing a larger share of the tokenization market could lead to further value locked on the chain [6][7] - The tokenization of real-world assets, such as real estate and stocks, presents a significant opportunity for Solana to expand its ecosystem and drive TVL growth [8]