Solana’s growing influence in the crypto sector has positioned it as one of the most promising blockchain networks.
VanEck believes Solana has the potential to reach $520 by year’s end, attributing this forecast to its expanding role in the smart contract sector. Analysts at the firm argue that Solana’s growth aligns with broader macroeconomic trends, particularly the M2 money supply, which they estimate will reach $22.3 trillion by late 2025.
If the smart contract platform market cap rises to $1.1 trillion as projected, and Solana’s share increases from 15% to 22%, the asset could hit a $250 billion market cap, translating to the ambitious price target.
Beyond market dynamics, Solana’s ecosystem is evolving rapidly, attracting new users through its thriving memecoin sector and decentralized finance activity. Tokens like TRUMP and MELANIA have fueled engagement, while the network’s Q4 revenue surged by 213% to $840 million. DeFi participation remains strong, with a Total Value Locked (TVL) of nearly $19.54 billion.
Another key factor driving optimism is the growing push for a Solana ETF. VanEck, alongside other firms like Bitwise and 21Shares, has filed applications for a spot ETF, which could channel institutional capital into the ecosystem if approved.
Despite these bullish indicators, SOL has faced short-term volatility, recently dipping to $190.04 as Bitcoin’s price slipped below $98,000. For VanEck’s prediction to materialize, Solana would need to rally by 170%, a possibility that its proponents see as realistic given its accelerating adoption and expanding market influence.
The PI token has suffered a steep decline, dropping to $0.61 after falling over 22% in just one week.
Two asset managers are preparing to introduce a new class of cryptocurrency investment products that combine traditional exchange-traded fund (ETF) structures with staking income from Ethereum and Solana holdings.
Institutional interest in Ethereum is clearly picking up—at least on paper. Spot Ethereum ETFs have seen nine straight days of net inflows, with BlackRock’s ETHA and Fidelity’s FETH leading the charge.
Ethereum (ETH) has gone down by 2.4% in the past 24 hours and currently sits at $2,580 in what has been mostly a red week for the crypto market. Trading volumes have retreated by 5% during this same period, indicating that the selling spree is not that strong at the moment. However, crypto liquidations have […]