Solana's SOL Price Predicted to Surpass $3000 in Bullish Scenario by 2030

blockchain.news:

A detailed analysis by VanEck, a major asset management firm, sketches various valuation scenarios for Solana (SOL) by the year 2030, amid the blockchain's remarkable performance and its strive for scalability, dated October 27, 2023.

VanEck's examination lays out three potential SOL price paths by 2030: a bearish $9.81, a bullish $3,211.28, and a base case of $335, driven by diverse market shares and revenue estimations across key sectors. This is part of a broader scenario where Solana emerges as the first blockchain to host an application with over 100 million users. Despite the envisioned lower monetization rate at 20% of Ethereum's (ETH) and smaller market shares due to community philosophy differences, there's a credible trajectory to $8 billion in revenues for SOL token holders by the end of the decade.

Central to Solana's promise is its technical prowess, particularly in scaling blockchain operations. Through rigorous optimization, Solana achieves higher transaction throughput, surpassing many legacy competitors. This technical edge extends to its data throughput capacity, a critical metric for blockchain efficacy, which is slated for a tenfold increase with the upcoming Firedancer upgrade. The blockchain's unique features like Local Fee Markets further refine the user experience by effectively managing transaction costs and system congestion.

Solana's innovative spirit has birthed an array of ventures, such as blockchain-optimized mobile phones and consumer-centric applications like decentralized mapping. Its initial vision of becoming a «Decentralized Nasdaq» has broadened with the advent of intriguing non-financial applications, underpinned by partnerships with industry giants like Shopify, Visa, and