Bitcoin
Bitcoin to Hit $250K, Solana to Rise to $800: Here’s How and Why
A popular analyst has increased his price target for Solana (SOL), projecting a potential value of $480 by the end of 2025, with a high-end estimate reaching $800. Virtual Bacon’s latest prediction is dependent on several key metrics, including Solana’s supply and market capitalization. Solana currently has a supply of 579 million tokens with an annual inflation rate of 5.2%. By the end of 2025, this supply is expected to grow to approximately 625 million tokens.
In terms of market capitalization, the analyst projects that Bitcoin will reach a price of $250,000 by the end of 2025, resulting in a market cap of around $5 trillion. Assuming Bitcoin maintains 50% dominance in the cryptocurrency market, this suggests a total market cap for all cryptocurrencies of $10 trillion.
Solana’s market dominance has increased from 0.75% to 3% over the past year. Assuming it remains at this level, Solana’s market cap would be $300 billion, leading to a price target of $479 per token. If Solana’s dominance increases to 5%, the price could rise to $800 per token.
He said: “I had estimated a price of $240 to $250 based on an assumption of lower market dominance for Solana. However, with its current growth, I now expect the price of Solana to reach around $480, assuming a market dominance of 3%. If Solana’s market dominance increases to 5%, the price could potentially reach $800.”
Reason behind this massive prediction
So how did Solana manage to achieve such a dramatic increase in retail adoption? There are two main factors that played a significant role: the Solana Mobile initiative and Solana Pay.
Solana Mobile, which has been around for about two years, offers a mobile-first app store for decentralized applications, making it easier for new users to access and use cryptocurrencies. This focus on mobile experience has led many new users to choose Phantom over other options like Metamask or Coinbase.
Solana Pay, a micropayment solution, supports SOL tokens and stablecoins like USDC and USDT. It has been integrated with Shopify for over a year and recently introduced new features like Solana Actions and blockchain links (Blinks). These initiatives are driving Solana’s growing retail adoption and improving its overall user experience.