In the dusty offices of VanEck, an asset management firm steeped in numbers and ambition, a prediction surfaced like a stubborn weed: Solana’s price might just soar to $530 by the year’s end in 2025. Oh, the hopes of the hopeful! 🌱
They didn’t pull this number from thin air; no, they gazed into the murky waters of the wise and told us the tale of two mighty influencers: Solana’s might in the sprawling battleground of smart contract platforms, and the ever-expanding belly of the U.S. M2 money supply, which, like a glutton at a buffet, is predicted to swell impressively.
As luck would have it, the whole smart contract carnival is expected to inflate from a modest $770 billion to $1.1 trillion by the close of this year. Thanks to our good ol’ friend, the M2 money supply, which is projected to reach a staggering $22.3 trillion by the time 2025 rolls around. It’s almost poetic, really. Historically, when the M2 gorges itself, so too does crypto market capitalization. 🍔
Currently, Solana flexes its muscles, holding 15% of the SCP market cap, but watch out! VanEck predicts that by year’s end, our dear Solana might strut with a 22% market share. Why, you ask? Because they’ve got developers busier than a one-legged man in a butt-kicking contest, thriving DEX volume, and a flock of active users that could put a high school reunion to shame.
Using the crystal ball of an autoregressive forecast model, VanEck proclaims Solana’s market cap could balloon to around $250 billion. And if we break it down for all the math enthusiasts out there: with a floating population of 486 million SOL tokens, each token could fetch a princely sum of $520 by the twilight of 2025.
But hold your horses! Today’s Solana is hanging on at a modest $190, having dipped nearly 5% in the past day and experiencing a 21% tumble over the week like a clumsy tightrope walker. Yet, in the grand scheme of things, it’s a tale of resilience—up 98% from last year and having once danced its way to an all-time high of over $294 in January 2025.
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2025-02-06 23:48