Solana's surging price and potential for massive growth have garnered attention. VanEck predicts a remarkable 10,600% increase by 2030, positioning Solana to compete with Ethereum.
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.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solana Labs launches Web3 incubator offering dev and fundraising supportSolana Labs announced a Solana Incubator for startups building Web3 projects on the Solana blockchain.
Read more »
FCEVs to reach 1.5m units by 2030Fuel cell electric vehicles (FCEVs) are poised for rapid growth and are expected to reach nearly 1.5-million units globally by 2030, according to the World Platinum Investment Council (WPIC).
Read more »
More Than 600 Killed In U.S. Mass Shootings This Year—Highest In YearsI am a Boston-based reporter. Before joining Forbes, I covered the environment, local government and the arts for a small-town newspaper on Nantucket. My previous work includes NPR, WBUR, WCAI and Nantucket Today. I am a graduate of the University of Massachusetts, Amherst, with a degree in political science. Email me at bbushardforbes.
Read more »
More than 600 arrested as postal service cracks down on thefts, attacksCriminals increasingly targeted the mail to commit financial crimes like altering checks to obtain money.
Read more »
China sends its youngest-ever crew to spaceChina seeks to put astronauts on the moon before 2030.
Read more »
México activará fondos de 600 millones de dólares para afrontar la crisis por huracán OtisEl Gobierno de México garantiza que cuenta con financiamiento y activará dos fondos por más de 600 millones de dólares para afrontar los daños que dejó el huracán Otis, que causó 27 muertos tras impactar como categoría 5 en Acapulco, Guerrero, uno de los principales destinos turísticos del país, informó este jueves Gabriel Yorio, subsecretario de...
Read more »