Top Asset Manager Projects 9,959% Rally to $3,211 for Solana (SOL). Here’s the Timeline

VanEck, an asset management company, has shared its predictions for Solana (SOL). The company’s captivating analysis suggests SOL could soar to $3,211.28 by 2030.

In a recent blog post, VanEck says, “By 2030, our Solana valuation scenarios project a SOL price ranging from a bearish $9.81 to a bullish $3,211.28, anchored by varied market shares and revenue estimations across key sectors.”

At the time of press, SOL is trading at $31.92. The bearish prediction of $9.81 will be a massive drop for the cryptocurrency and could scare many investors away.

However, that depends on negative trends being stronger. The base price of $335 will be a remarkable surge for SOL. It is more than 10 times its current price and significantly higher than its all-time high of $260.06.

For the maximum price, VanEck predicts an astonishing $3,211.28, which is approximately a 9,959% surge from SOL’s current price. However, these figures rest upon several key assumptions about the future of the Solana blockchain.

Solana’s Future in the Crypto Market

VanEck’s report is based on the belief that Solana will be the first blockchain network to get 100 million users by 2030. The price projections are also rooted in the assumption that Solana will monetize its offerings at a rate equivalent to 20% of Ethereum’s “take rate.” This “take rate” refers to the fees collected from applications associated with the Solana network.

Importantly, while VanEck maintains an optimistic outlook for Solana, their projections do not anticipate the cryptocurrency surpassing Ethereum, as many in the industry expect. They believe that Solana’s differing ecosystem philosophy may capture less than half of Ethereum’s market share by 2030.

In addition, VanEck predicts that Solana might make an astonishing $8 billion in revenue by 2030. the firm’s bullish stance on Solana is grounded in an analysis of the protocol’s usability and its remarkable data throughput, which significantly outpaces Ethereum’s.

VanEck’s optimism primarily centers on the innovative aspects of the Solana protocol. These include the recent launch of the Solana Web3 smartphone, Saga, and the growing developer market share, which outpaces newer competitors like Aptos and Sui.

VanEck’s forecast for Solana is ambitious, with a price target that could potentially reshape the cryptocurrency landscape. While SOL might cross $3,000 by 2030, XRP might be on its way to $27 from 0.5 in a much shorter time, according to another prediction.

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Tobi Loba

Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.