Global financial company VanEck has made a daring forecast about Solana: it is possible that the SOL token would surpass the profits of the more established Ethereum by rising to an astounding $3,211 by 2030.
Solana, a high-performance blockchain renowned for its speed and scalability, has been receiving a lot of interest in the cryptocurrency and decentralised application worlds, despite SOL plummeting sharply after the FTX fiasco.
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VanEck detailed the elements that contributed to their optimistic forecast for SOL over the following ten years in their study. They provided a variety of estimates; the most optimistic one showed a staggering 10,000% price increase to $3,211.28, while the most conservative estimate was $9.81.
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VanEck’s projection is particularly persuasive because they think Solana will be the first blockchain to host an application that onboards more than 100 million users. According to the company, this accomplishment would be a huge turning point for the blockchain sector and alter the course of SOL’s value and acceptance.
Interestingly, the report’s monetization assumption for Solana was limited to 20% of Ethereum’s take rate, suggesting that holders of SOL tokens may profit handsomely from even a little market share.
Furthermore, the company predicted that Solana’s market share might be less than half of Ethereum’s because of fundamentally different community philosophies. From this angle, it is clear that Solana has adopted a more practical approach to speed and scalability than Ethereum, which may draw in a different user and development base.
Ethereum, on the other hand, places a strong emphasis on decentralisation and community control.
Based on a plausible route to $8 billion in revenue for SOL token holders by 2030, VanEck has an optimistic view. Not only would this be a noteworthy accomplishment for Solana, but it would also serve as evidence of the expansion and promise of the larger blockchain ecosystem.
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Long-term forecasting is difficult due to the volatility and quick swings that have defined the bitcoin market. VanEck has positioned itself, meanwhile, to compete in the cryptocurrency industry with safer automobiles.
The New York-based company joined forces with prominent players in the market, including Fidelity, Ark Invest, and BlackRock, in order to file an updated application for the much-awaited Bitcoin Spot ETF last Friday. These companies are all keen to profit from the bright future of the biggest cryptocurrency in the world.
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