VanEck predicts a 10,600% Solana price rally by 2030
Layer-1 blockchain and Ethereum competitor Solana has seen its native SOL token surge above $33 this week, as asset management company VanEck anticipates further price gains and shares its price forecast.
In a report, VanEck outlined diverse valuation scenarios for Solana’s $SOL price to range from a conservative $9.81 to an ambitious $3,211.28 by 2030 (in comparison, Ethereum’s target price is $11,800).
This would mark a 10,600% price surge for Solana in the coming years. The report also delves into a potential scenario where Solana becomes the first blockchain to accommodate applications with over 100 million users.
Furthermore, the report illustrates Solana’s potential to narrow the distance between itself and Ethereum in the future. VanEck has been engaged in the cryptocurrency arena for a while, having submitted Bitcoin exchange-traded fund applications to the United States Securities and Exchange Commission in recent years.
