Unbelievable prediction of Solana price by the famous asset management company!

Asset management firm VanEck has published a report on Solana (SOL), an Ethereum competitor. The SOL token recently exceeded the price of $32, and VanEck offers a variable price forecast for the currency in 2030.

The firm believes that the price of SOL will range from $9.81 to an ambitious price of $3,211 in 2023, which would likely represent a 10,600% upside.

The report also mentions the possibility of Solana becoming the first blockchain to support applications with more than 100 million users. VanEck doesn’t discount Solana’s potential to close the gap with Ethereum in the future.Currently, SOL has experienced significant growth and has increased its price by more than 200% in 2023. The Total Value Locked (TVL) in the Solana ecosystem is $378 million.

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However, there are signs of a possible price drop. The Directional Movement Index (DMI) on the daily time frame indicates increasing bearish pressure.

In the meantime, the failure of the bulls to regain control of the market could lead to a price drop below $30. This could lead to a 15% drop in Solana price, which overlaps with a support level near the 21-day EMA.