A company that is changing the way the world mines bitcoin

BitcoinSistemi 2025-02-06 19:33:08

VanEck, Managing $89 Billion, Shares Solana (SOL) Price Forecast for End of 2025

Global asset manager VanEck has issued a bullish Solana (SOL) price target of $520 by the end of 2025, citing expected growth in the smart contract platform (SCP) market and Solana’s increasing market share. The company shared its prediction in a statement on its official X (formerly Twitter) account. VanEck’s valuation of Solana is based on its projected year-end market share in the SCP sector, which includes blockchain networks like Ethereum, Avalanche, and BNB Chain. Currently, Solana accounts for 15% of SCP market capitalization, but VanEck predicts that figure will rise to 22% by the end of 2025 due to: Developer dominance over the network Increasing market share in decentralized exchange (DEX) volumes Higher revenue and increased active users Related News: Analytics Company Lays Out One Bearish, One Bullish Scenario for Bitcoin: “The Price Could Come to One of These Two Levels” Using an autoregressive (AR) forecasting model, VanEck estimates that Solana’s total market cap could reach $250 billion, which would imply a SOL price of $520 based on 486 million coins in circulation. VanEck’s SCP market forecast is tied to the U.S. M2 money supply, a measure of liquid money in the economy due to its strong historical correlation with cryptocurrency market capitalization. The firm projects M2 to reach $22.3 trillion by the end of 2025, maintaining a 3.2% annual growth rate since its recent low in October 2023. Based on regression analysis, VanEck predicts that the SCP market value will increase by 43% to reach $1.1 trillion by the end of 2025, exceeding its 2021 peak of $989 billion. *This is not investment advice. Continue Reading: VanEck, Managing $89 Billion, Shares Solana (SOL) Price Forecast for End of 2025