Where Will Bitcoin and Solana Be in 3 Years? - 24/7 Wall St.

Bitcoin is currently trading at $64,664, down 26.1% since the start of 2026 and 48.7% below its all-time high of $126,080 reached in October 2025. Meanwhile, Solana is priced at $71, down 42.7% this year and 75.7% from its all-time peak of $293 in January 2025. In the past week alone, Bitcoin fell 14.9%, while Solana dropped 20.6%.

Recent Price Declines

Bitcoin recently dipped to $62,438, its lowest level since July 13 when it fell to $61,751. Solana's price has also fallen to $68, down from a $109 high on October 21. Both cryptocurrencies are currently trading below their 20-day, 50-day, and 200-day moving averages, with Bitcoin 13% to 24% below these key levels and Solana potentially needing a 25% to 45% rise to reach its benchmarks.

Increasing supply presents additional challenges for both cryptocurrencies. Bitcoin, valued around $64,660, has a market cap of $1.30 trillion, higher than $1.22 trillion at the same price in November 2021 due to ongoing mining operations. Solana is experiencing faster supply growth due to staking rewards that distribute new SOL coins to network validators.

Analyst Forecasts

Standard Chartered forecasts that Solana could reach $1,200 by 2029, with targets of $400 for 2027, $700 for 2028, and $2,000 by 2030. However, the bank has already revised down its near-term predictions, initially estimating Solana would end 2026 at $250, then reducing that to $135. Currently, Solana trades 47% below even this lower forecast.

For Bitcoin, long-term predictions vary widely. Standard Chartered lowered its 2028 Bitcoin target to $300,000 and pushed back the $500,000 prediction to 2030. Pantera Capital estimates Bitcoin could reach $740,000 for 2028-2029. Earlier in 2026, Standard Chartered also reduced its Bitcoin target from $150,000 to $100,000, with Bitcoin currently trading 35% below this revised figure.

Future Scenarios

Bitcoin's price by late 2029 depends on several scenarios. The low scenario would likely continue if selling pressure persists, exacerbated by outflows from spot Bitcoin ETFs which saw a 21.1% drop in net assets from $109.3 billion on October 21 to $86.2 billion by November 13. The middle scenario hinges on reversing these outflows and accounting for the halving expected in April 2028 when mining rewards are cut in half.

For Solana, the low scenario would keep it below $150, potentially revisiting its June 6 low of $62. The middle scenario would require increased network activity and higher transaction fees, despite Alpenglow, an upgrade that went live on October 21 aiming to reduce confirmation times from 12.8 seconds to about 150 milliseconds. The high scenario would need substantial growth, with Solana potentially reaching $500 by 2028 and $1,200 by 2029.

Market Outlook

In the view of analysts, Bitcoin could potentially end 2029 close to its all-time high of $126,080, while Solana is likely to trade between $150 and $293, falling short of Standard Chartered's ambitious prediction of $1,200. The sequence of market events, including ETF demand, network upgrades, and Federal Reserve policy, will ultimately determine the trajectory of both cryptocurrencies more than price targets alone.