Analysts at the investment company VanEck presented their forecast for the value of the Solana (SOL) token for the next few years. In one scenario, the asset could grow to $3,211 by 2030.
The VanEck Fund, which launched an Ethereum futures ETF in October 2023, presented three possible options for the development of the Solana project. When drawing up the forecast, experts took into account a number of indicators, including the number of active users, network bandwidth, the number of applications and some other parameters.
“We have modeled a scenario where Solana becomes the first blockchain to host applications with more than 100 million users,” VanEck said.
In their report, the analysts suggested that the SOL token would trade at $335 in 2030 in a base case scenario. If Solana's share is reduced and a bearish scenario develops, the value of the asset may fall to $10.
In addition, experts allow the token to grow to $3,211 by 2030 if the project introduces a number of new functions and its profitability increases several times.
According to VanEck, Solana is superior to competitors in terms of blockchain processing capabilities. In addition, developers regularly experiment with new products, including the release of the Saga smartphone.
In their report, experts mentioned the Firedancer update, which promises to increase the throughput of the Solana network by 10 times.
At the same time, they listed some blockchain problems that could affect the cost of the token and the development of the project as a whole. Analysts believe that Solana spends a lot of money on network security.
In addition, the blockchain repeatedly experienced failures - the network could not cope with the large volume of transactions. In October, the Solana Foundation offered a $400,000 reward for finding a bug in the blockchain code.
“Network instability will remain a problem for the foreseeable future, and the introduction of Firedancer may increase the likelihood of problems,” VanEck said.
According to the data provided, another problem with Solana is the complexity of creating applications.
“Although Solana has made great strides in creating tools that simplify development, the project accounts for approximately 6-7% of active developers. This is partly due to the need to know the Rust programming language, which employs 2.2 million professionals,” the report says.
Experts have suggested that the introduction of voting governance, changes in transaction costs and the development of new projects could lead to further growth of the SOL token.
