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An analyst called Altstreet Bets forecasts the price of Solana (SOL) could drop to $100 in the coming weeks. The analyst had predicted SOL's downfall in 2021. On the other hand, Cardano (ADA) and IntelMarkets (INTL) could be set for a massive uptrend in the coming months.
Solana price-taking support at 200 days EMA. VanEck gave their bold predictions for SOL price amid the growing SCP market.
VanEck, a global investment management firm with a nearly 70-year history and a strong reputation in the exchange-traded funds (ETF) arena, has issued a striking price target for Solana (SOL). In a post shared on X on January 6, the New York-based firm projected Solana's value to soar to $520 by the end of 2025.
Solana (SOL) continues to struggle this week as buyers remain on the sidelines. Bitcoin's (BTC) sideways movement also does not help, suggesting potential consolidation in the short-term.
The cryptocurrency market has experienced one of its most severe liquidations in history, wiping out $2.24 billion in value within 24 hours, with total estimates reaching as high as $10 billion.
Asset manager VanEck has projected a price target of $520 for Solana (CRYPTO: SOL) by the end of 2025, citing its rising market share within the smart contract platform sector. What Happened: The asset manager's forecast is based on an analysis of U.S. M2 money supply growth and its correlation with overall crypto market capitalization.
Solana faces downward pressure but shows signs of a potential rebound. Explore key technical indicators and market sentiment to understand SOL's next move.
VanEck forecasts an over 3% growth for the M2 money supply within this year.
Solana (SOL) is looking to regain its bullish momentum, aiming for a potential target of $350. The altcoin has remained resilient near the $200 mark, despite a slight 1.12% dip over the past 24 hours.
The SEC has taken a key step toward approving a spot Litecoin ETF, while Solana sees record-breaking growth and Remittix aims to disrupt the $190 trillion payment sector. #partnercontent
It seems we've entered an alternate reality because the SEC (Securities and Exchange Commission), previously firmly anti-crypto, has now acknowledged multiple altcoin ETF (exchange-traded fund) applications at once. Namely, the regulator made an update on Grayscale's Solana ($SOL) ETF, which it had rejected last year after calling the asset a security.
The firm said Solana's share in the smart-contract platform market may expand from 15% to 22% this year.
SOL nears crucial breakout challenging the descending channel. A break above $200 could drive prices to $216.90 and beyond, while failure may lead to retesting $173.42.
A step signals potential approval amid growing expectations for crypto-friendly regulations.
It's no secret that investing in cryptocurrency can be a great way to build wealth, even if it requires a lot of risk tolerance and the ability to ride out periods of considerable volatility. For instance, if you invested $2,000 in Solana (SOL -3.34%) in February 2021, you would be sitting on about $75,500 today.
VanEck forecasts SOL to reach $520 by end of 2025, driven by projected M2 money supply growth to $22.3T and Solana's expected market share increase to 22% of the smart contract platform market.
In a major move for Solana, the U.S. Securities and Exchange Commission has formally acknowledged Grayscale's revised application for a spot Solana exchange-traded fund. On Feb.
This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Solana in greater detail. Ethereum (ETH) The Monday crash took crypto by surprise during a historic liquidation event.
Ethereum has been struggling to keep pace with Bitcoin and Solana.
Pudgy Penguins recently burned over $150 million in unclaimed Solana tokens after ending its PENGU token claim earlier than expected.
The U.S. Securities and Exchange Commission (SEC) took another groundbreaking step by acknowledging NYSE Arca's filing to list and trade the Grayscale Solana Trust proposal.
Eric Balchunas defines the move as a small step in the change of leadership.
Solana's total value locked (TVL) increased 64% to $8.6 billion in Q4 2024, surpassing Tron, while Solana DEX volume averaged $3.3 billion daily. The post Solana's DeFi, NFTs, and Institutional Adoption Drove 213% Revenue Growth in Q4 2024 – Messari appeared first on Cryptonews.
Financial markets have their prophecies, and those of the crypto world are no exception. Indeed, when a $100 billion asset manager like VanEck makes an ambitious prediction such as Solana (SOL) rising to $520 by the end of 2025, the crypto ecosystem stops, observes, and analyzes.
