Respected %Cryptocurrency analyst Dennis Liu has raised his price target for %Solana (CRYPTO: $SOL) to $480 U.S. by the end of 2025 but stressed that the price could reach $800 U.S. under ideal conditions.
Liu, who is an independent analyst, said his forecast is based on metrics such as the available supply and market capitalization of Solana.
The more optimistic price forecast of $800 U.S. implies 460% upside from Solana’s current price of $143 U.S. per digital token.
In his analysis, Liu notes that Solana’s weighting in the cryptocurrency market has increased to 3% from 0.75% over the past year.
If Solana continue to grow at its current rate, its market capitalization should reach $300 billion U.S. by the end of next year, pushing its price to at least $480 U.S. per token.
However, in a perfect situation, Solana could grow by 5%, which would push its price to $800 U.S., said Liu.
Liu had previously had a price target on Solana of $240 U.S. to $250 U.S. per token.
Solana’s adoption is rising due to the Solana Mobile Initiative and Solana Pay.
Solana Mobile provides a mobile-first app store for decentralized finance applications, making it easier for new users to access and use cryptocurrencies.
Solana Pay is a micropayments solution that supports SOL tokens as well as stablecoins such as USDC and USDT.
Solana’s price has risen 545% over the last 12 months.
In addition to Solana, Liu raised his price target on %Bitcoin (CRYPTO: BTC) to $250,000 U.S. by the end of 2025, which would result in a market capitalization of $5 trillion U.S. for the largest crypto.
