The report also delves into a potential scenario where Solana becomes the first blockchain to accommodate applications with over 100 million users.Layer-1 blockchain and Ethereum competitor Solana has seen its native SOL token surge above $32 this week, as asset management company VanEck anticipates further price gains and shares its price forecast.) price to range from a conservative $9.81 to an ambitious $3,211.28 by 2030 .
This would mark a 10,600% price surge for Solana in the coming years. The report also delves into a potential scenario where Solana becomes the first blockchain to accommodate applications with over 100 million users. Furthermore, the report illustrates Solana’s potential to narrow the distance between itself and Ethereum in the future. VanEck has been engaged in the cryptocurrency arena for a while,Screenshot of Solana price performance Source: TradingView
Solana has emerged as a standout performer within the top ten cryptocurrencies, showcasing impressive growth exceeding 200% since the start of 2023. Consequently, Solana has surpassed major contenders, including BitcoinHowever, based on the technical chart, there might be a potential for a partial pullback in Solana before the anticipated significant surge.
Neglecting this action could potentially place Solana’s price in a vulnerable state, potentially leading to a drop below the $30 mark. Traders considering short positions for SOL may consider selling against the USD, as suggested by the decreasing blue +DI line and the rising red -DI line.This pattern indicates a heightened bearish impact and the possibility of a market downturn, which could result in a 15% decrease in Solana’s price from its current valuation of $27.
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Source: Cointelegraph - 🏆 562. / 51 Read more »