🔮 A popular analyst has predicted a significant rise in Solana (SOL) prices, targeting $480 by the end of 2025, with a possible peak at $800. This forecast is based on key factors such as Solana's supply and market cap. Currently, Solana has 579 million tokens with a 5.2% annual inflation rate, projected to reach around 625 million tokens by 2025.
💹 The analyst also forecasts Bitcoin reaching $250,000 by the end of 2025, with a market cap of about $5 trillion. Assuming Bitcoin maintains a 50% market dominance, the total cryptocurrency market cap would be $10 trillion. Solana's market dominance has grown from 0.75% to 3% over the past year. If it stays at this level, Solana's market cap would be $300 billion, leading to a $479 per token price. If Solana's dominance rises to 5%, the price could hit $800 per token.
💬 The analyst stated, "I initially estimated a price of $240 to $250 based on lower market dominance for Solana. However, with its current growth, I now expect Solana’s price to reach around $480 with a 3% market dominance. If it increases to 5%, the price could reach $800."
💡 Reasons Behind the Bold Prediction:
1. Solana Mobile 📱: Active for about two years, this initiative offers a mobile-first app store for decentralized applications, making crypto more accessible to new users. Many new users prefer the Phantom wallet over other options like Metamask or Coinbase due to this focus on mobile experience.
2. Solana Pay 💳: A micropayment solution supporting SOL tokens and stablecoins like USDC and USDT, integrated with Shopify for over a year. New features like Solana Actions and blockchain links (Blinks) are driving Solana’s increased retail adoption and enhancing user experience.
🌟 These factors are key to Solana's projected price surge and growing adoption.if you this article feel to comment$BTC