Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred when trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content is accurate as of the date of publication, but some offers mentioned may no longer be available.
VanEck, a global asset manager, presents projected long-term Solana valuations in a new report titled “VanEck’s Base, Bear, Bull Case: Solana Valuation by 2030,” co-authored with Matthew Sigel and Patrick Bush.
According VanEckIts Solana valuation scenarios for 2030 anticipate a SOL price ranging between a bearish $9.81 and a bullish $3,211.28, depending on different market shares and revenue estimates in key sectors.
In its 2030 baseline, VanEck’s standardized valuation framework projects Solana to achieve a token valuation of $335. The estimate, he stated, is based on projecting a terminal valuation multiple of Solana’s SOL tokens based on an anticipated actual rate of return.
VanEck stated that depending on the scenario, it is assumed that a certain portion of companies and their revenue will be produced from blockchain activities or will use blockchain in some way to locate customers, create new goods, reduce expenses or simplify the back-end business. -end. tasks.
With this in mind, VanEck envisions Solana becoming the first blockchain to support applications with over 100 million users.
Despite its potential, VanEck says Solana is less likely to host the majority of the world’s crypto transactions by 2030 than Ethereum.
While the Solana network and execution engine offer higher performance and unlock greater possibilities, it has not yet been adopted by the majority of cryptocurrency users and developers.
Currently, Solana has a significantly smaller share of the total cryptocurrency value (TVL), at $408 million from $46 billion, as well as an equally low percentage of daily active users (184,000 from 5.5 million).
As a result, the base case forecasts Solana adoption at around 30%, a significant increase from current data but significantly lower than the Ethereum base case of 70%.
VanEck’s price prediction of $11,800 for Ethereum was based on the ETH network gaining a 70% market share of the value transmitted over open source blockchains. If Solana can avoid Ethereum’s event horizon and achieve Ethereum-like dominance, the bull case forecasts $51.8 billion in revenue and a price target of $3,211 in 2030.
SOL was trading at $31.97 at the time of writing; Therefore, a price increase to $3211 would represent a 10,600% increase for Solana over the next few years.
