Square Site Map
#ContentStar#Price Forecast: Analysts predict a price range from $9.81 (bearish) to $3,211.28 (bullish) for Solana by 2030.
Strengths: Solana boasts unmatched data throughput and is significantly more affordable than competitors for tasks like NFT minting.
Growth Indicators: A notable 74% increase in assets under management (AUM) by Solana’s DeFi apps was observed in October.VanEck, the global asset manager and early adopter of ETFs and foreign equity investments, predicted a 10,000% rise for the Solana price in its most bullish 2030 scenario.
2030 is not very far off for a 10,000% return on any asset. But to be fair to those with open short interest in Solana, the worst-case scenario from VanEck analysts pegs SOL at $9.81 in 2030.
Solana Price Prediction 2030: $3,211
Here’s what the VanEck analysts had to say:The note’s authors project Solana to host the first DeFi app with 100 million users. Meanwhile, they assume SOL monetizes at 20% of Ethereum’s take rate. Furthermore, they conservatively estimate SOL at less than half of ETH’s market share in 2030.Here’s how they envision Solana nailing that killer app: Usability. The VanEck analysts write:In addition to usability, or because of it, the way the VanEck authors define it in their note, there’s Solana’s affordability.
Solana Affordable DeFi Could Scale Fast
A Nansen analyst recently compared Solana with Ethereum and Polygon for minting a million NFTs. Ethereum’s costs were $33.6 million, and Polygon’s were $32,800. On Solana, it would cost $113.
Because of its speed and costs, the fundamentals of its business model are promising, with massive inflows from institutional investors as well as die-hard crypto devs and users.
As Solana’s price rose in October, the total number of assets under management (AUM) by Solana DeFi apps rose by 74%.
No stranger to innovation, VanEck has long been bullish on cryptocurrencies. In February, the crypto-friendly global fund noted in a report that a 3% Bitcoin allocation substantially improves portfolio diversification and performance. In twelve days_ time, two years ago, #Bitcoin had its all-time high of $69,000, 10 November 2021.
In thirteen days_ time, last year, #Bitcoin went to $15,500, and its low of the cycle coincided with the FTX collapse, on 11 November 2021.
#Bitcoin is now -49.8% below its all-time high, and 117% from the cycle low.