VanEck Projects Solana Price Target of $520 by End of 2025

VanEck has set a price target of $520 for Solana (SOL) by the end of 2025. This target is based on Solana's projected market share in the smart contract platform market and its correlation with the US M2 money supply growth.

Key Points

VanEck projects that M2 will reach $22.3 trillion by late 2025, assuming a 3.2% annual growth rate.
The smart contract platform market capitalization is expected to grow 43% to $1.1 trillion by year-end 2025.
Solana currently holds 15% of the smart contract platform market cap, projected to rise to 22% by 2025.
VanEck estimates Solana’s market cap could reach approximately $250 billion, translating to a token price of $520.

Currently, SOL is trading at $190, experiencing a corrective phase within a descending channel. Immediate support is near $175, while resistance lies around $215. SOL struggles to reclaim key Fibonacci retracement levels, with the 0.236 level at $203.40 serving as the first major resistance.

Solana price