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Solana Price Forecast: VanEck Predicts SOL Will Exceed $3K by 2030

2 mins
Updated by Ryan Boltman
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In Brief

  • VanEck predicts Solana's price could surge over 10,000% by 2030 if its user base expands to 100 million.
  • The firm also estimates Solana investors could earn up to $8 billion in revenues if the blockchain hosts a mass-used application.
  • Despite ties to the bankrupt FTX, Solana has grown 200% YTD and secured partnerships with Visa and Shopify.
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Crypto asset management firm VanEck believes Solana‘s price could rise by more than 10,000% in 2030 if its user base increases to 100 million.

As per the report, the digital asset’s price could surge to $3,211.28 in a bullish market, but it may plummet to less than $10 in a bearish scenario influenced by diverse market factors and revenue forecasts in critical sectors.

Onboarding the Next 100 Million Users

VanEck’s prediction assumes that Solana becomes the first blockchain to host an application capable of onboarding over 100 million users.

The asset manager also assumes SOL monetizes at only 20% of Ethereum’s take rate and achieves less than half of ETH’s market shares due to a fundamental difference in community philosophy.

Solana SOL price
Solana Price Prediction. Source: VanEck

Furthermore, VanEck also predicted that Solana investors could gain up to $8 billion in revenues by 2030. According to the asset manager, if all these assumptions are right, SOL’s price can be expected to exceed $3,000.

Solana’s Burgeoning Crypto Ecosystem

Solana has emerged as one of the top 10 cryptocurrencies by market capitalization, according to BeInCrypto data. SOL’s price has recorded an impressive 200% growth on the year-to-date metric despite its links to bankrupt crypto empire FTX.

Top crypto 10 assets
Top 10 Crypto Assets. Source: BeInCrypto

Additionally, data from DeFillama shows that the network has a thriving decentralized finance (DeFi) ecosystem. The total value of assets locked on it currently stands at $381 million as of press time.

Away from these metrics, Solana has forged key collaborations with traditional global financial institutions. BeInCrypto reported that the platform has secured partnerships with industry giants like Visa and Shopify, who are using its technology to fasten their payment processes.

Furthermore, it secured a pivotal role as the ecosystem partner for the Dubai Multi Commodities Centre, a prominent economic free zone in the United Arab Emirates.

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Oluwapelumi Adejumo
Oluwapelumi believes Bitcoin and blockchain technology have the potential to change the world for the better. He is an avid reader and began writing about crypto in 2020.
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