VanEck: It is expected that the price of Solana's SOL token will reach $520 by the end of 2025

PANews reported on February 7th that according to CoinDesk, investment firm VanEck predicts that the price of Solana's SOL token will reach $520 at the end of 2025, as the demand for Smart Contract platforms (SCP) rises and the future increase in the M2 Money Supply in the United States over the next few months. VanEck predicts that by 2025, the M2 Money Supply will rise from the current $21.5 trillion to $22.3 trillion. When the US Central Bank increases the M2 through a drop in Interest Rate or quantitative easing policy, more funds enter the circulation field, leading to an increase in Liquidity in the economy and encouraging investment in risk assets (such as Cryptocurrency). On the other hand, the SCP market is the field operated by platforms such as Solana, allowing the creation and execution of Smart Contracts. VanEck estimates that by the end of 2025, the size of the SCP market may rise by 43% to reach $1.1 trillion. Currently, Solana holds about 15% of the market share in this market, but VanEck expects this proportion to rise to 22% by the end of 2025. The report adds:"Using the autoregressive (AR) forecasting model, we estimate Solana's market value to be about $250 billion, based on approximately 486 million circulating tokens, which means the price of SOL will reach $520."