Related Reading: Solana Set For Explosive Growth: Expert Predicts 1650% Price Increase Based On This Pattern VanEck Predicts SOL To Reach $500 In Q1 2025 In other news, prominent asset manager VanEck has dropped a bullish prediction for Solana ahead of 2025. In their latest insight on digital assets, Head of Digital Assets Research Matthew Sigel, and Senior Investment Analyst Patrick Bush have jointly forecasted the general crypto market to maintain its bullish form going into the new year. On that note, the digital assets will attain their first market peak in Q1 2025 with Bitcoin attaining a price of $180,000.
During this rally, Solana is projected to trade at $500, indicating a potential 124.21% gain on the asset’s current price. However, VanEck analysts warn that this surge will likely be followed by Bitcoin experiencing a 30% price recorrection while altcoins including Solana record declines of about 60% as the market enters consolidation in summer.
Importantly, this selling pressure has been absorbed to a significant extent by new Solana investors of the last 6-12 months who increased their market holdings to 24% during Solana’s latest price surge.
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