Vaneck, a global company managing investments with almost 70 years of history and a mighty reputation on the arena of current funds (ETF), issued a striking target price for Solana (SOL). IN post The Modern York company made available on October 6 on January 6 that the salted value increased to USD 520 by the end of 2025.

Vaneck predicts USD 520 by the end of 2025 for Solana

The Vanecka thesis focuses on the Solana part on the Astute Contract Platform (SCP) market, as well as a historical correlation between cryptographic market capitalization and the boost in the USA. Money supply M2. According to the company:

“Our salted price until the end of 2025 is $ 520. We value Solana (SOL) based on the forecast market share at the end of the year on the Smart Contract Platform (SCP) market. Our SCP market capitalization forecast is derived from the increase in money supply in the US, taking into account its strong historical correlation with cryptographic market capitalization. “

Vanecka analysis predicts that M2 – a measure of cash supply in the USA, which takes into account cash, control of deposits and easily replacement near money – will reach USD 22.3 trillion by the end of 2025. The calculation catches the maintenance of the annual growth rate of 3.2% from the last channel In October 2023, by citing a regression analysis, Vaneck estimates:

“We design M2 to reach USD 22.3t by the end of 2025, maintaining a 3.2% annual growth rate since the last trough in October 2023. Using regression analysis, we estimate that the total capitalization of the SCP market will increase by 43% up to USD 1.1 at the end of 2025 (today USD 770 billion), exceeding the peak of USD 2021,989 billion. “

The company notices a “strong correlation between M2 and SCP market capital” with a 12-month R² motor average of 0.36 and T 5.7 statistics (P <0.0001). Currently, Solana has about 15% of SCP market capitalization. However, Vaneck expects that the proportion will boost significantly to 2025:

“Currently, Solana has 15% of SCP market capitalization, but we forecast that its share will increase to 22% to EOY 2025. This forecast is supported by the dominance of Solana programmers, increasing the share in the DEX volume market, revenues and active users.”

In combination of this anticipated market share with the self -regressive (AR) forecast model, Vaneck believes that salted market capitalization will boost to around USD 250 billion, which would bring the price of USD 520, based on a estimated float of about 486 million tokens.

Tiny -term analysis of solo prices

However, Solana is currently continuing the repair phase, and the price is USD 189 in press release. The 4-hour chart for SOL/USDT has a well-defined decreasing channel, characterized by a series of lower ups and lower low.

The price of Sola has been constrained as part of the decreasing channel from January 18, marked by two in parallel, which emphasize the indefinite sales pressure. The bottom border of the channel, currently nearly 175 USD, acts as immediate support, while the upper limit near USD 215 serves as resistance.

In particular, SOL is currently set just below the central line of the decreasing channel. If you do not break above this level in the near future, it is likely to go to the lower border of the channel. In addition, SOL is still struggling with regaining key levels of Fibonacci’s weight loss, with the withdrawal 0.236 (203.40 USD) is the first to serve grave resistance.

During the press, Sol sold at $ 190.

A distinguished painting with Shutterstock, chart from TradingView.com