Prices of crypto assets are simply going haywire. While experts believe this turmoil is natural and will work out in the long run, investors think otherwise. One such expert is US Investment Manager VanEck. As per VanEck, the overall price of Solana could easily reach $520 in a matter of a few months or by the end of 2025 at the latest. Therefore, it could prove fruitful for investors since the current price is nearly $200, hovering at $193.73. Therefore, this spike could mean a lot for many people.
VanEck used an autoregressive forecast model to reach the said figure. As per the model, the market will be hitting $250 billion. However, this figure is solely based on 486 million tokens in the market. If the spike does happen, the overall jump would be around 165% of the current price. Therefore, it is a decent enough leap.
Solana Standing
Solana is currently the fifth-largest cryptocurrency by market cap. In the last 12 months, the market cap has seen a total rise of 102%. This cap has resulted in the market reaching a total cap of $94.1 billion. This projection of Solana is purely based on the year-end market share existing within the smart contract platform market.
Another important aspect that could catapult the coin to new heights is the popularity of meme coins. Meme coins are a unique niche of the crypto community. These coins come with a fun and creative factor at the same time. While most meme coins are solely fueled by hype train, some can have prominent usages that can help the industry as a whole.
Therefore, as meme coins soar, the demand and importance of Solana will also soar, and Solana stocks will rise drastically. Therefore making the projection accurate.
