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VANECK, a global investment management company with a history of approximately 70 years and a strong reputation in the box boxes on the stock exchange (ETF), has a great goal for Solana (SOL). in mail A joint X on January 6, the New York -based company expected that the value of Solana would rise to $ 520 by the end of 2025.
VANECK is expected $ 520 by the end of 2025 for Solana
Vaneck’s thesis focuses on Solana’s share in the Smart Contract Platform (SCP), as well as the historical relationship between the market value of encryption and growth in the United States. M2 width of money. According to the company:
“The goal of our Solana’s price by the end of 2025 is $ 520. We appreciate Solana (SOL) based on its share in the expected end of the year market in the Smart Contract Platform (SCP). We have the maximum SCP markets are derived from the growth of money supply in the states United M2, given its strong historical association with the formation of the encryption market.
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VANECK Analysis is expected that M2 – the American cash offer that explains the money, and the verification of deposits, which is easily transferred near the money – will reach $ 22.3 trillion by late 2025. This number supposed the annual growth rate of 3.2 % of its last stones in October 2023. Quoted from slope analysis, Vanc’s estimates:
“We are dropping the M2 to reach $ 22.3 million by the end of 2025, while maintaining the annual growth rate by 3.2 % since its last basin in October 2023. Using slope analysis, we estimate that the total market value SCP will grow 43 % to $ 1.1 by an end The year at the end of the year 2025 (compared to 770 billion dollars today), its peak is 2021 with a value of 989 billion dollars.
The company notes a “strong connection between M2 and ScP Cap” with a 12 -month moving average of 0.36 and Statistant from 5.7 (P <0.0001). Currently, Solana has about 15 % of the maximum SCP market. However, Vaneck expects that the percentage will rise significantly by 2025:
“Currently, Solana owns 15 % of the maximum SCP market, but we expect its share to rise to 22 % by EOY 2025. This projection is supported by the Solana developer dominance, the market share in the DEX volumes, the turquoise, and active users.”
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By associating this expected market share through an automatic prediction model (AR), Vaneck believes that the maximum Solana market will rise to about $ 250 billion, resulting in a price per $ 520, based on a float estimated at 486 million symbols.
Sol price analysis in the short term
However, at the present time, Solana continues its corrective phase, with prices trading at $ 189 until the time of the press. The 4 -hour graph displays a well -defined node channel, characterized by a series of lower and low lower high heights.
Sol price procedures have been confined to a convergence channel since January 18, which is characterized by the presence of parallel directional lines that highlight the continuous sale pressure. The lower border of the channel, which is currently approaching $ 175, works as immediate support, while the upper border near $ 215 is resistance.
It is worth noting that Sol is currently being placed below the midfield of the concession channel. If you fail to break this level in the short term, then moving towards the lower boundaries of the channel seems likely. Moreover, Sol continues the struggle to restore decline levels in the main Fibonacci, with a recovery of 0.236 (203.40 dollars) as the first major resistance.
At the time of the press, Sol was traded at $ 190.
Distinctive photo of Shutterstock, Chart from TradingView.com
