Here’s the tea:
- VanEck’s crystal ball says Solana (SOL) is heading for the stars, set to hit $520 by the time 2025 says “peace out.”
- “Our fancy schmancy autoregressive (AR) forecast model says Solana’s market cap will be ~$250B. Divide that by ~486M floating tokens, and voilà! $520,” they declare.
VanEck’s bold forecast suggests Solana’s SOL is going to be the belle of the crypto ball by the end of 2025, all thanks to the insatiable demand for smart contract platforms (SCP) and the ever-growing M2 money supply.
M2, for those not in the know, is like the GDP of money – it’s all the cash, checking deposits, and other easily spendable stuff floating around the economy. And when it grows, crypto markets tend to do a little dance.
VanEck expects M2 to balloon to $22.3 trillion by 2025. Imagine that! More money sloshing around means more people splashing out on risky assets – like cryptocurrencies. It’s like the financial equivalent of a kegger.
Now, the SCP market is where the cool kids like Solana hang out, making and executing smart contracts. VanEck reckons this market will grow by a whopping 43% to a cool $1.1 trillion by the end of 2025.
Currently, Solana’s got a sweet 15% slice of this market, but VanEck thinks it’ll be chomping down a bigger 22% piece by 2025’s grand finale.
“We’re forecasting Solana’s share to jump to 22% by EOY 2025,” VanEck announced, probably while wearing a monocle and stroking a white cat. “It’s all thanks to Solana’s developer dominance, increasing market share in DEX volumes, revenues, and active users – the works!”
“Using our autoregressive (AR) forecast model – because we love our acronyms – we estimate Solana’s market cap will be ~$250B, implying a SOL price of $520 based on ~486M floating tokens,” they added.basically, they’re looking at the past to predict the future. How novel!
VanEck is one of the cool kids who filed for a Solana ETF in 2024. The SEC, known for its love of rejecting things, had previously given the cold shoulder to several SOL ETF applications. But guess what? They’ve just given Grayscale’s SOL ETF a nod, which means the SEC now has until October to make up its mind. No pressure, SEC!
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2025-02-07 09:49