Asset management firm VanEck believes Solana could see a 10,000% growth in value by 2030 if the blockchain attracts 100 million users, according to a new research report.
The most striking prediction from the report suggests that SOL could experience a 10,600% price rally by the year 2030, potentially reaching $3,211.28 per token. Comparatively, Ethereum’s (ETH) 2030 target price is set at $11,800.
The cryptocurrency market is buzzing with excitement as Solana’s native SOL token has surged above the $32 mark this week, capturing the attention of both investors and experts.
100M users
VanEck’s research presents a wide range of valuation scenarios for SOL by the year 2030, projecting prices that span from a bearish $9.81 to a bullish $3,211.28 based on projections influenced by various market factors and revenue estimates across key sectors.
The report highlights a scenario in which Solana becomes the first blockchain to host an application capable of onboarding over 100 million users.
Under the scenario, VanEck assumes that SOL monetizes at only 20% of ETH’s take rate and attains less than half of the rival’s market share due to differing community philosophies.
Despite these limitations, the asset manager believes there is a credible path for SOL token holders to generate a staggering $8 billion in revenues by 2030 if it hits that level of adoption.
Currently, SOL stands tall as one of the top 10 cryptocurrencies by market capitalization, having recorded impressive growth of over 200% since the start of 2023. The Solana ecosystem has roughl
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Author: Assad Jafri
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