VanEck predicts Solana to surpass $300 and reach 50% of Ethereum's market cap.
According to VanEck Asset Management, Solana uses a monolithic structure that allows the network to operate faster and more efficiently than modular blockchains. VanEck predicts that the SOL token price can reach $330 and the potential Solana market cap is equal to 50% of Ethereum's current market cap.
Individual investors are gradually realizing the potential of Solana and starting to invest. On the contrary, large investment funds and organizations are hesitant to shift capital from Ethereum to Solana.
Perhaps they prioritize safety because Ethereum has been firmly in the market for nearly 10 years. In early September 2024, VanEck also predicted that ETH prices could fall due to the strong development of layer 2 (L2).
Finally, VanEck emphasized that L1 competitors such as Sui or Solana have been narrowing the gap with Ethereum. If nothing progresses, Ethereum will face fierce competition and lose market share.
