VanEck Shares Ambitious Solana (SOL) Price Forecast for 2025 Year-End!
VanEck Solana price could reach $520 by the end of 2025, he said.
Solana (SOL), the popular altcoin that rose from the ashes with its rise in the last quarter of 2023, is moving forward with firm steps.
Solana, which reached the $300 limit on its way up, fell below $200 in the last decline, but the expectation of an increase still continues.
At this point, US asset management company VanEck announced its 2025 year-end price forecast for Solana in its latest report.
Accordingly, VanEck stated that the SOL price could reach $520 by the end of 2025.
VanEck also shared the catalysts that will push the Solana price higher.
According to VanEck, Solana could reach $520 by the end of 2025 thanks to its growing share of the smart contract platform (SCP) market, developer presence, and strong decentralized exchange (DEX) trading volumes.
This estimate means the Solana will see an increase of approximately 158% from its current price of $200.
Accordingly, VanEck stated that Solana currently accounts for 15% of the smart contract platform (SCP) market value, but will rise to 22% by the end of 2025.
The report also added that Solana has overtaken Ethereum in decentralized application (dApp) revenue, with its share rising from 0.26% in 2022 to 42% in 2024, while Ethereum’s share has fallen to 32%.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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