Asset manager VanEck predicts that Solana (SOL), the fifth largest cryptocurrency, will experience a major surge and reach a price of $520 by the end of 2025. This forecast is based on Solana's expected market share within the smart contract platform sector, which is closely tied to the growth of the US M2 money supply. VanEck estimates that M2 will reach $22.3 trillion by late 2025, leading to a projected total smart contract platform market capitalization of $1.1 trillion. Currently, SOL holds 15% of the market capitalization in this sector, but VanEck expects it to increase to 22% by 2025 due to its developer dominance, increasing market share in decentralized exchange volumes, revenues, and active users. Solana blockchain is aiming to compete with Ethereum and saw significant growth in the past year, including a 213% revenue boost and a 150% increase in decentralized exchange volume.
Content Editor ( cryptonewsz.com )
- 2025-02-06
VanEck Speculates: Solana (SOL) Will Reach $520 in Late 2025
