Solana To $520? Investment Firm Drops Bombshell SOL Prediction
VanEck, a global investment management firm with a nearly 70-year history and a strong reputation in the exchange-traded funds (ETF) arena, has issued a striking price target for Solana (SOL). In a post shared on X on January 6, the New York-based firm projected Solana’s value to soar to $520 by the end of 2025. VanEck Predicts $520 By End Of 2025 For Solana VanEck’s thesis centers on Solana’s share within the smart contract platform (SCP) market, as well as the historical correlation between crypto market capitalization and the growth in the US. M2 money supply. According to the firm:....
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Despite $SOL’s recent dip to $131, 55% below its all-time high of $294 recorded two months ago, our Solana price prediction for the rest of the year is bullish. $SOL is currently trading at $148.85 with a 5.83% weekly increase, though the monthly trend is bearish (-27.42%). Luckily for $SOL holders, key technical indicators point […]
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Solana gained nearly 60% between August 3 and September 18, with 26% of that coming in just 10 days when the token blew past its long-term resistance around $220 in the second week of September. That said, after creating a new swing high of $253, Solana quickly plummeted nearly 25% in the following week, leading […]
In a surprising turn of events, Ripple CEO Brad Garlinghouse announced that the company has decided to abandon its direct acquisition of financial institution Fortress Trust. The decision marks a significant departure from Ripple’s earlier intention to acquire the firm, as they had signed a letter of intent just a few weeks ago. However, Garlinghouse […]