It’s been a volatile start to 2025 for the crypto market, but many experts anticipate a major bull run this year and Solana could prove one of the main beneficiaries.
A recent prediction by one of the oldest crypto asset managers – VanEck – shows Solana growing by over double its current market cap by the end of 2025.
The bullish momentum is also benefiting new project Solaxy (SOLX), the first ever Solana Layer 2 solution with over $18.5 million raised so far.
VanEck Predicts Massive Growth – Can Solana Hit $520?
VanEck, in a recent post on X(Twitter) revealed a prediction for Solana to hit a valuation of $520 per token by the end of 2025. This is based upon projected growth in SOL’s share of the SCP (smart contract platform) space. They anticipate these growths to come from Solana’s developer dominance, with its ever-increasing market share in DEX volumes, and SOL’s active user count growing by the day.
Our Solana Price Target by the End of 2025 is $520
We value Solana (SOL) based on its projected year-end market share within the smart contract platform (SCP) market. Our SCP market cap forecast is derived from U.S. M2 money supply growth, given its strong historical correlation…
— VanEck (@vaneck_us) February 6, 2025
Solana currently sits at a market cap of just over $114.73B, with the team at VanEck anticipating it to go beyond $250B according to their autoregressive (AR) forecast model. This adds upon their forecast back in 2023 that SOL could reach past $3,000 by 2030. This idea is compounded by SOL’s technical indicators.
SOL’s trading volume is up 1.2% to $4.19B, representing 4.45% of its total market cap. Its long/short ratio is also extremely favorable, at 3.59 it shows the community is anticipating significant bullish momentum.
On top of this, its funding rate is positive on most major exchanges, and liquidation data shows a HODL-ing majority.
Regardless of if Solana can quite reach these heights, the chain’s potential is hard to overstate, prioritizing adoption, utility, and funding promising projects. The number of projects built on Solana is also constantly expanding, with a recent utility meme coin presale achieving eyebrow-raising funding.
Solaxy Raises Over $18.5M, Promising Solana L2 Innovation
Solaxy has emerged as one of the biggest crypto presales of the year, raising over $18.5 million so far. The Solana-based meme coin combines the iconic image of Pepe with much-needed utility on the Solana blockchain by building the network’s first Layer 2.
Solaxy will take advantage of rollups on its Layer 2 infrastructure to improve Solana’s scalability, drastically reduce fees, and increase speeds for everyone. This is similar to what Pepe Unchained (PEPU) did for Ethereum, and the token saw huge gains after its presale ended late last year.
The presale follows a dynamic pricing model, with the per-token price increasing every time a funding goal is met, or enough time passes. Currently, SOLX is priced at $0.001628 per token, with the next price increase coming in just under a day, or when another $0.4M is raised.
99Bitcoins, one of the biggest names in the space with over 720,000 subscribers on YouTube recently covered the token. They see great potential in the token’s infrastructure, as well as its significant staking APY of 217% – letting stakers double their token holdings over a year.
With firm utility to stand on, high memetic appeal, and benefiting from the growth of the Solana blockchain, SOLX has a real chance at becoming the biggest meme coin ICO this year.