Crypto 349
02/10 20:53
VanEck Says SOL Could Hit $520 Soon as SEC Opens D
VanEck Says SOL Could Hit $520 Soon as SEC Opens Door To Solana ETF
- VanEck projects the smart contract platform market to grow 43% to US$1.1 trillion by 2025, driven by their correlation analysis with US M2 money supply growth.
- Based on Solana’s 15% market share in the smart contract space, VanEck estimates SOL could reach US$520 with a market cap of US$250 billion, up significantly from its current US$198 price point.
- The SEC has notably acknowledged a Spot Solana ETF filing, marking the first time they’ve done so for an asset previously labelled as a security, though approval remains uncertain.
After XRP has significantly drawn the altcoin market’s attention, it could be time for Solana (SOL) to finally shine.
Investment firm VanEck predicts that the price per SOL could skyrocket to US$520 (AU$832) before 2026, on the back of growing smart contract demand and expectations for an increase in money supply.
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