Asset management firm VanEck is forecasting Solana to hit $520 in 2025, which would be a 166% increase compared to its current price.
In a post on the X social media platform, the company explained that their Solana price target is based on their projection of Solana’s market share in the smart contract platform sector. According to VanEck, Solana’s market share in the sector is currently at 15%, and they’re forecasting it to grow to 22% by the end of the year.
Here’s how VanEck supports its thesis that Solana’s market share in the smart contract platform sector will increase:
“This projection is supported by Solana’s developer dominance, increasing market share in DEX volumes, revenues, and active users. Using an autoregressive (AR) forecast model, we estimate Solana’s market cap will reach ~$250B, implying a SOL price of $520 based on ~486M floating tokens.”
Our Solana Price Target by the End of 2025 is $520
We value Solana (SOL) based on its projected year-end market share within the smart contract platform (SCP) market. Our SCP market cap forecast is derived from U.S. M2 money supply growth, given its strong historical correlation…
— VanEck (@vaneck_us) February 6, 2025
Currently, VanEck issues a spot Bitcoin ETF, which holds $1.4 billion worth of BTC. The company also has a spot Ethereum ETF, which holds $128 million in ETH.
VanEck is also among the contenders to launch a spot Solana ETF, having filed for the VanEck Solana Trust already in June 2024. The SEC is yet to approve any Solana ETF applications, but many Solana investors are optimistic that an approval could come already in 2025.
Algorithmic forecast projects Solana to hit $418 in 2025
The algorithmic Solana price prediction on CoinCodex is more conservative than VanEck’s projection, although it still expects SOL to have a bullish year ahead. Per this forecast, Solana is forecasted to peak at around $418, a level that’s expected to be reached in September.
