VanEck predicts that Solana prices will reach $3200 by 2030

Crypto asset management firm VanEck believes Solana's value could rise by more than 10,000% by 2030 as its user base rises to 100 million.

According to the report, the price of the digital asset may rise to $3,211.28 in the high market, but may drop below $10 depending on various market conditions and revenue forecasts in key sectors.

Boarding the next 100 million users

VanEck predicts Solana will be the first blockchain to host an app capable of installing more than 100 million users.

The asset manager also generates SOL revenue at only 20% of Ethereum's adoption rate and is able to achieve less than half of ETH's market shares due to a fundamental difference in community philosophy.

In addition, VanEyck predicted that Solana investors could earn up to $8 billion by 2030. According to the property manager, if all these assumptions are correct, the SOL value 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 BeCrypto data. SOL's price has recorded an impressive 200% year-to-date growth despite its correlation with crypto empire FTX.

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

Away from these parameters, Solana has established key partnerships with traditional global financial institutions. BeinCrypto reports that the platform has partnered with industry giants such as Visa and Shopify, which use the technology to speed up their payment processes.

In addition, it has achieved a critical role as an ecosystem partner for the Dubai Multi-Products Center, a prominent economic free zone in the United Arab Emirates.