Solana’s Meteoric Rise: VanEck Forecasts $3.2K Price by 2030!

• VanEck forecasts Solana to reach $3,211.28 by 2030, driven by 100 million users and 20% of Ethereum’s fees.
• Solana holders could earn $8 billion by 2030, backed by its usability and innovative offerings like Saga.
• Solana’s current price is $32.43, with market whales and AI projections reinforcing its promising outlook.

Investment management firm VanEck has unveiled its optimistic outlook for Solana (SOL). VanEck’s experts anticipate a staggering surge in Solana’s value, projecting a jaw-dropping price target of $3,211.28 by 2030. 

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This ambitious forecast is grounded in the belief that Solana will be the first blockchain network to onboard an astounding 100 million users within the next seven years. Key to this projection is the assumption that Solana will monetize its services at 20% of Ethereum’s fee structure, a move that could significantly boost its revenue streams.

Furthermore, VanEck’s analysis highlights Solana’s impressive usability and data throughput, with a remarkable 125 MB/s, dwarfing Ethereum’s 0.08 MB/s. These technological advantages, coupled with innovative offerings such as the mobile phone Saga, have fortified VanEck’s confidence in Solana’s potential.

Beyond the price prediction, VanEck foresees a lucrative future for Solana holders. The firm suggests that investors in SOL could rake in a remarkable $8 billion in revenue by 2030, underlining the substantial rewards awaiting those who believe in the cryptocurrency’s potential.

Adding to the fervor surrounding Solana is its current market performance. At present, the coin is trading at $32.43, reflecting a marginal overnight increase of 0.16%. Market whales, significant players in the cryptocurrency sphere, have shown a keen interest in Solana, further bolstering its promising trajectory. 

Read also:

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• VanEck: Bitcoin (BTC) to Hit $10-12K in Q1 of 2023
• Deciphering Crypto Regulations: Insights from VanEck’s Crypto FAQ for RIAs
• Solana’s Meteoric Rise: 25% Surge in 7 Days, Predicting $40 by Year’s End
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