Analysts expect SOL to grow to $3,211 by 2030

VanEck believes that Solana will be the first blockchain to reach 100 million users, and analysts predict that SOL will grow from $32 to $3,211 by 2030.

VanEck believes that Solana is becoming one of Ethereum’s serious competitors and has every chance to surpass ether in terms of capitalization. In the future, the Solana blockchain may distance itself from ETH in order to show as many users as possible its own advantages — significant speed of transaction processing and scalability.

Currently, the total amount of funds blocked in SOL-based projects reaches $378 million. Since the beginning of 2023, the value of the cryptoasset has increased by 200%. The digital coin is valued at about $32.

At the same time, analysts say that in the near future the price of Solana may roll back and fall below the $30 mark. Earlier this month, Solana Labs developers rolled out the 1.16 update to provide support for anonymous transactions.

As of October, SOL has become one of the most popular altcoins. Experts claim that the growing attention to Solana futures was at its highest level since mid-January this year.

According to CoinShares, cryptocurrency funds with a focus on SOL ranked second in terms of funding raised. Institutional investors invested $15.5 million in such assets. Crypto funds tracking BTC performance came in first place with more than $55 million.

Even though the SEC considers Solana a security, that doesn’t stop the company from attracting major companies to partner with. For example, Shopify has included Solana Pay in the list of payment means (now settlements are available only in USDC). And the Visa payment system uses the Solana blockchain to make transactions on the interbank market faster and cheaper.

Do you believe in Solana’s growth?