Striking Solana forecast from investment giant
Investment giant VanEck has published its report containing various valuation scenarios for Solana.
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The company has projected a 10,600 percent increase in the price of Solana (SOL) by the year 2030. The report also addressed a potential scenario in which Solana becomes the first blockchain to host applications with more than 100 million users.
10,600 PERCENT SURGE PREDICTION FOR SOLANA
VanEck has released its striking Solana report. The asset management company estimated that SOL could reach 3,211 dollars by 2030. In contrast, the target price for Ethereum was set at 11,800 dollars. The SOL forecast points to a 10,600 percent increase based on today's prices.
The report drew attention to Solana's potential to narrow the gap with Ethereum in the coming years. It was stated that the total value locked in the Solana ecosystem is currently 378 million dollars.
VanEck, which manages over 77 billion dollars in assets, is among the companies that have applied for a spot Bitcoin ETF. SOL is trading at 32.26 dollars, down 1.6 percent in the last 24 hours. SOL has recorded a 14 percent increase in the last week and a 68 percent increase in the last 30 days.