Solana to 330 US dollars? Van Eck predicts price rise

Van Eck compares Solana to Ethereum and concludes that Solana will capture at least 50% of the market.

Asset manager Van Eck sees a bright future for Solana and expects the price to rise to $330. The reason is a comparison with Ethereum, in which Solana comes out very favorably, according to Van Eck.

"Solana processes 3,000 percent more transactions than Ethereum, has 1,300 percent more daily active users and transaction costs are nearly 5 million percent lower," Van Eck said in a report. "With these statistics in mind, it's hard not to wonder why we haven't already seen more migration from Ethereum to Solana, especially by institutional investors."

Despite these significant advantages, Solana's market capitalization is only 22 percent of Ethereum's. Van Eck predicts that this will grow to 50 percent, which would raise the price of Solana to $330.

Many retail investors have already switched to Solana, and Van Eck expects institutional investors to follow soon. Van Eck already offers an Ethereum spot ETF and was the first asset manager to apply for an ETF on Solana. Its approval is pending for now.

Transaction volume on Solana has reached record levels at more than a billion transactions per month. Long-term projections estimate Solana's value between US$650 and US$3,200, but the blockchain will also face some challenges in 2025.