TL;DR
VanEck, the global asset manager and early adopter of ETFs and foreign equity investments, predicted a 10,000% rise for the Solana price in its most bullish 2030 scenario.
2030 is not very far off for a 10,000% return on any asset. But to be fair to those with open short interest in Solana, the worst-case scenario from VanEck analysts pegs SOL at $9.81 in 2030.
Here’s what the VanEck analysts had to say:
“By 2030, our Solana valuation scenarios project a SOL price ranging from a bearish $9.81 to a bullish $3,211.28, anchored by varied market shares and revenue estimations across key sectors.”
The note’s authors project Solana to host the first DeFi app with 100 million users. Meanwhile, they assume SOL monetizes at 20% of Ethereum’s take rate. Furthermore, they conservatively estimate SOL at less than half of ETH’s market share in 2030.
“In this note, we model a scenario in which Solana is the first blockchain to host an application that onboards 100M+ users.”
Here’s how they envision Solana nailing that killer app: Usability. The VanEck analysts write:
“As it stands, Solana’s data throughput exceeds that of any other blockchain in existence. In fact, Solana’s data capacity exceeds that of most planned blockchains.”
In addition to usability, or because of it, the way the VanEck authors define it in their note, there’s Solana’s affordability.
A Nansen analyst recently compared Solana with Ethereum and Polygon for minting a million NFTs. Ethereum’s costs were $33.6 million, and Polygon’s were $32,800. On Solana, it would cost $113.
Because of its speed and costs, the fundamentals of its business model are promising, with massive inflows from institutional investors as well as die-hard crypto devs and users.
As Solana’s price rose in October, the total number of assets under management (AUM) by Solana DeFi apps rose by 74%.
No stranger to innovation, VanEck has long been bullish on cryptocurrencies. In February, the crypto-friendly global fund noted in a report that a 3% Bitcoin allocation substantially improves portfolio diversification and performance.
