VanEck predicts that SOL will rise to $520 by the end of the year, with a market value of $250 billion

Odaily Planet Daily News According to a recent report by VanEck, Solana (SOL) currently accounts for 15% of the smart contract platform (SCP) market value and is expected to rise to 22% by the end of 2025, which could push the price of SOL to $520. Solana's market value growth is due to its strong developer influence, DEX trading volume share, revenue, and growing active user base. VanEck's valuation model links Solana's expected SCP market share to the growth of the US M2 money supply, which has historically been correlated with the market value of cryptocurrencies. M2 includes cash, check deposits, and short-term investments, and is a broad measure of money supply in the United States and the eurozone. By the end of 2025, the M2 money supply is expected to reach $22.3 trillion, maintaining an annualized growth rate of 3.2% since October 2023. Regression analysis suggests that by the end of 2025, the total SCP market cap will grow 43% to $1.1 trillion, exceeding the 2021 peak of $989 billion. Using an autoregression (AR) model, VanEck estimates that Solana’s market cap could reach about $250 billion. Given that there are 487 million circulating tokens, this implies a target price of $520 for SOL.