VanEck Predicts Solana (SOL) Will Reach $520 This Year

Despite increasing geopolitical tensions, determination is inactive nary shortage of optimism wrong the cryptocurrency market. Adding to the increasing anticipation is VanEck, who precocious predicted Solana (SOL) would scope a terms of $520 by the extremity of the year.

The $100 cardinal plus manager took to X (formerly Twitter) to sermon its prospects for the cryptocurrency. There, it states that the projection was based connected the “year-end marketplace share” that expects large things from the cryptocurrency. Indeed, they task it to clasp 22% of the full astute declaration level (SCP) market, up from its existent 15% share.

JUST IN: $100 cardinal plus manager VanEck predicts Solana $SOL volition scope $520 by the extremity of the year.

Also Read: Solana Vs. XRP: Which Will Turn $1000 Into $1 Million First?

Solana to $520? VanEck Says It Could Happen This Year

Entering the year, determination were precocious hopes for the cryptocurrency market. With Donald Trump returning to the White House, helium was poised to bring a renewed pro-crypto stance with him. Just 2 months into the year, and that has already manifested into wide enactment to thrust favorable regularisation successful the state for integer assets.

There were fewer tokens that had arsenic overmuch imaginable to thrive successful the shifting regulatory scenery arsenic Solana. The crypto already had a $400 terms people coming to the forefront successful February. However, that whitethorn beryllium underestimating the token. Indeed, $100 cardinal plus manager VanEck projects Solana (SOL) could deed a terms of $520 this year.

Source: iGaming.org

Also Read: Solana Reclaims $200: Can SOL Hit $250 This Week?

In a caller probe note, the steadfast discussed its prospects for the plus successful 2025. “This projection is supported by Solana’s developer dominance, expanding marketplace stock successful DEX volumes, revenues, and progressive users,” analysts Matthew Sigel and Patrick Bush noted.

Additionally, they task Solana’s marketplace headdress to scope a terms of $250 cardinal based connected its forecasted terms increase. Currently, SOL is trading astatine $190 and has mislaid 3% of its worth implicit the past 24 hours, according to CoinMarketCap. Still, the token is up much than 98% from February 2024.