The post VanEck Predicts Solana Price Will Hit $520 By 2025 appeared on BitcoinEthereumNews.com.

Solana (SOL) continues to attract attention as financial giant VanEck projects a price target of $520 by the end of 2025. This forecast is based on Solana’s rising market dominance in the smart contract platform (SCP) sector, increasing developer activity, and overall crypto market growth. VanEck’s Solana Price Projection According to VanEck, Solana’s market capitalization will be around $250 billion by the end of 2025. Another assumption used in the valuation of the firm was that Solana would capture a 22% market share in the SCP market in the future while it currently only has 15%. Source: X As VanEck estimated the total value of the SCP sector at $1,1 trillion at the end of 2025 resulting from the development of the whole cryptocurrency market. The firm referred to the past trends showing the M2 money supply in the United States and the combined market capitalization of the cryptocurrencies. – Advertisement – It compared these two series, which indicate long term growth for investments in cryptocurrency markets. The same model provided by VanEck also factors in the increasing number of developers and DEX trade volumes and general usage to further substantiate the argument for its higher valuations. Solana (SOL) Price Analysis The Solana price at the moment is $204.16, up by over 1% in the last 24 hours. It has been trading between $204.00 and $188.43 depicting the market’s volatility. The main level of resistance is at $205.00 as the support level is at $190.00, which is decisive for the further movement of SOL. 1-day SOL trading chart| source| Tradingview The below chart picture shows that price has formed a double bottom at the $190 level which is normally a bullish pattern. This pattern implies that buyers are setting a wall at this level indicating that the share price may…

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Filed under: News - @ February 10, 2025 3:25 pm