According to analysts at the asset management firm VanEck, the Ethereum (ETH) competitor Solana (SOL) could experience a significant increase and reach $520 by the end of 2025. Currently, SOL is trading at $191.43, so this projection represents a potential increase of over 171%. The prediction by VanEck’s crypto researchers, Matthew Sigel and Patrick Bush, is based on Solana’s expected market share within the smart contract platform (SCP) market by the end of the year. The researchers also consider the growth of M2 money supply, which has shown a correlation to the crypto market cap. M2 measures the cash, checking accounts, and other deposits that can be easily converted to cash. Sigel and Bush explain that they project M2 to reach $22.3 trillion by the end of 2025, maintaining its annualized growth rate of 3.2% since October 2023. Using regression analysis, they estimate that the total SCP market capitalization will grow by 43% to $1.1 trillion by the end of 2025, surpassing its peak of $989 billion in 2021. Historical data shows a strong correlation between M2 and SCP market cap, with a 12-month moving average R² of 0.36 and a t-statistic of 5.7 (p < 0.0001). Currently, Solana holds 15% of the SCP market cap, but the researchers forecast that its market share will rise to 22% by the end of 2025. This projection is supported by Solana's developer dominance, increasing market share in decentralized exchange volumes, revenues, and active users. Using an autoregressive (AR) forecast model, they estimate that Solana's market cap will reach approximately $250 billion, implying a SOL price of $520 based on approximately 486 million floating tokens.