Crypto asset management firm VanEck believes Solana‘s price could rise by more than 10,000% in 2030 if its user base increases to 100 million.
As per the report, the digital asset’s price could surge to $3,211.28 in a bullish market, but it may plummet to less than $10 in a bearish scenario influenced by diverse market factors and revenue forecasts in critical sectors.
Onboarding the Next 100 Million Users
VanEck’s prediction assumes that Solana becomes the first blockchain to host an application capable of onboarding over 100 million users.
The asset manager also assumes SOL monetizes at only 20% of Ethereum’s take rate and achieves less than half of ETH’s market shares due to a fundamental difference in community philosophy.
Furthermore, VanEck also predicted that Solana investors could gain up to $8 billion in revenues by 2030. According to the asset manager, if all these assumptions are right, SOL’s price can be expected to exceed $3,000.
Solana’s Burgeoning Crypto Ecosystem
Solana has emerged as one of the top 10 cryptocurrencies by market capitalization, according to BeInCrypto data. SOL’s price has recorded an impressive 200% growth on the year-to-date metric despite its
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Author: Oluwapelumi Adejumo
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