Regardless of rising geopolitical tensions, there’s nonetheless no scarcity of optimism throughout the cryptocurrency market. Including to the rising expectation is VanEck, who lately predicted Solana (SOL) would attain a value of $520 by the top of the yr.
The $100 billion asset supervisor took to X (previously Twitter) to debate its prospects for the cryptocurrency. There, it states that the projection was based mostly on the “year-end market share” that expects large issues from the cryptocurrency. Certainly, they venture it to carry 22% of all the good contract platform (SCP) market, up from its present 15% share.
JUST IN: $100 billion asset supervisor VanEck predicts Solana $SOL will attain $520 by the top of the yr.
— Watcher.Guru (@WatcherGuru) February 6, 2025
Solana to $520? VanEck Says It Might Occur This 12 months
Coming into the yr, there have been excessive hopes for the cryptocurrency market. With Donald Trump returning to the White Home, he was poised to carry a renewed pro-crypto stance with him. Simply two months into the yr, and that has already manifested into clear motion to drive favorable regulation within the nation for digital property.
There have been few tokens that had as a lot potential to thrive within the shifting regulatory panorama as Solana. The crypto already had a $400 value goal coming to the forefront in February. Nevertheless, that could be underestimating the token. Certainly, $100 billion asset supervisor VanEck initiatives Solana (SOL) might hit a value of $520 this yr.
In a latest analysis word, the agency mentioned its prospects for the asset in 2025. “This projection is supported by Solana’s developer dominance, growing market share in DEX volumes, revenues, and lively customers,” analysts Matthew Sigel and Patrick Bush famous.
Moreover, they venture Solana’s market cap to succeed in a value of $250 billion based mostly on its forecasted value enhance. At the moment, SOL is buying and selling at $190 and has misplaced 3% of its worth over the past 24 hours, in line with CoinMarketCap. Nonetheless, the token is up greater than 98% from February 2024.
