VanEck, a renowned investment firm, has forecasted a significant rise in Solana's (SOL) value, projecting it to reach $520 by the end of 2025. This projection is based on Solana's potential market share within the smart contract platform (SCP) market and historical correlations with US M2 money supply growth.
The firm estimates US M2 money supply to hit $22.3 trillion by 2025, with Solana's SCP market share growing from 15% to 22%. VanEck anticipates Solana's market cap to rise to approximately $250 billion, supporting its per-token price prediction.
Currently, Solana is in a corrective phase, trading at $190, with resistance and support levels noted at $215 and $175, respectively.