Solana, a well-known altcoin, is steadily advancing in the market. VanEck has shared its 2025 price forecast for Solana, projecting a notable increase.
Current Status and VanEck's Projections
Solana rose in value during the last quarter of 2023, reaching $300 before falling to $200. However, VanEck suggests that Solana could rise to $520 by the end of 2025.
Key Growth Factors for Solana
VanEck identified several catalysts for Solana's price increase, including its growing share in the smart contract platform (SCP) market, strong developer presence, and significant decentralized exchange (DEX) trading volumes.
Changes in Solana's Market Share
According to VanEck, Solana is expected to capture 22% of the SCP market share by 2025, up from the current 15%. Solana also surpassed Ethereum in decentralized application (dApp) revenue, increasing its share from 0.26% in 2022 to 42% in 2024.
VanEck's forecast for Solana is optimistic, highlighting its strategic advantages and growing SCP and DEX market shares.
