Solana Bull Case Projects Price Target of $6,636 by 2030

A report by Bitwise outlines price projections for Solana (SOL) based on its adoption and scalability. Key points include:

The 'bull case' scenario could see SOL reach $6,636 by 2030.
SOL is the sixth-largest cryptocurrency by market cap, recovering from a low of $9 in November 2022 to an ATH of $263 in November 2024.
Three pillars support SOL's investment case: sustainable economics, developer attraction, and consistent execution.
Solana can process 65,000 transactions per second (TPS) with low transaction costs, making it suitable for high-volume applications.
Daily active addresses (DAA) surpassed those of Bitcoin and Ethereum, indicating growing adoption.
80.7% of SOL's total supply is in circulation, with an inflation rate projected to drop to 1.85% by 2030.
The bear case projects a target price of $2,318, and the base case estimates $4,025 by 2030.

Currently, SOL trades at $214.86, reflecting an 8% increase in the past 24 hours.