VanEck Predicts $520 Solana Price as ETF Approval Looms in 2025

By: cryptosheadlines|2025/05/03 19:15:01
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com According to top crypto analysts, including VanEck’s market outlook, the Solana price is expected to reach its all-time high figure in the upcoming months of 2025. The recent spot Solana ETF pending approvals is the main reason supporting this predictable surge: Based on Bloomberg’s recent analysis on April 30 2025, there is a 90% chance that the Solana ETF will get its approval. Market excitement has increased because of this news. This might double the Solana price and could help it to reach its previous high, which was around $300.As of May 1, Solana ( SOL) was trading at $152.44, which is 55% higher than its April low, which was about $95.Cryptocurrency is showing positive signs on the charts, and it is gaining strength because big investors and traders have taken an interest in Altcoins.Because of the strong signals in the market and people talking about the possibility of an ETF, many traders and analysts believe that Solana’s price could rise quickly in the upcoming months. Technical Breakout Sparks Bullish MomentumSolana has moved back above all its major moving averages on the daily chart; it includes the 50-day EMA, which is at $140.40, and is now going near the 100-day EMA at $152.52. These changes show that the trend might be turning upward. VanEck Predicts $520 Solana Price as ETF Approval Looms in 2025 10The recent rise from the 21-day moving average shows that buyers are taking control and are putting Solana’s price in a strong position to check the resistance level of $155.In the recent session, the MACD histogram has grown, and it shows that buying strength is picking up. The Relative Strength Index (RSI) is at 58.59; this is a balanced level, and it means that there is still space for the Solana price to rise before it becomes overbought. The weekly chart also looks good; Solana is forming its second straight bullish candle and is maintaining a clean breakout pattern. ETF Hype Heats UpInvestors are now mainly focusing on the chances that a Solana ETF might get approval. In a recent X post, Crypto Wall Street (@CryptoWallSt_) shared a quote from ETF expert Eric Balchunas; it said that it is very likely that Solana, Litecoin, XRP, and Dogecoin ETFs will get their approval in the summer of 2025.Currently, six big investment firms are waiting to get approval to launch ETFs that are based on Solana. Bloomberg Intelligence has recently increased the approval chances, from 70% to 90%.If these Solana ETFs get approved, then they could bring in a lot of money from large investors. The extra demand might help to push the Solana price higher than its past record levels.Macro Environment Presents Mixed SignalsEven if the Solana price looks strong, there are still economic challenges. According to new data, 241,000 people have filed for unemployment in the U.S., more than analysts had predicted.This caused concern that a recession could occur. Investors might become more cautious because of these big economic problems. However, the overall market sentiment is still positive.People are hopeful that President Donald Trump will make rules around ETFs easier, which will help to increase confidence in assets like the Solana price.Solana Price Predictions by Analysts Following Solana ETF Approval OddsAnalystPrice PredictionVanEck$520 by 2025Changelly$172.81–$205.37Ben Armstrong$500On-Chain Metrics Validate Bullish CaseIn the market, Solana’s total value has increased to $65 billion, and it has daily trading of $3.2 billion. The total value of Solana’s stablecoins has also reached $1$ billion, which means that more users are now active on the network.VanEck Predicts $520 Solana Price as ETF Approval Looms in 2025 11Important support levels for the Solana price are staying strong, especially around $145 and $140. These prices are often good spots for bullish traders to purchase back in.The Fibonacci-based resistance levels are now expected at $156.81, $171.35, and $194.88. The long-term price forecast of Solana is still positive.The Directional Movement Index (DMI) shows a clear sign that buyers are in control, as the positive line (+DI) is above the negative line (-DI).When combined with the RSI and MACD indicators, the Solana price is likely to continue increasing.Short-Term Solana Price OutlookFor May 2025, the analyst expects that the Solana price should finish the month between the range of $155 and $160. If there are any short-term drops to the range of $145-$146, then they will be seen as a healthy correction for the large upward trend.On the daily chart, Solana has managed to stay above $@59, and in upcoming weeks, it could reach $165 if the current momentum continues.Price models still suggest that there is the possibility that Solana might revert to its 2025 all-time high, which is around $293. However, a more significant rally, which will be towards $509, would require a highly favourable global economic environment, which includes a growing global economy, and central banks must inject more liquidity into the Market.Current Solana Market Trend and Key Metrics For May 2, 2025MetricPrice DetailsSourceCurrent Price$150CoinMarketCap24 Hour Trading Volume$3.2BCoinMarketCapResistance Level$155CoinDCXSupport Level$140–$145FXStreetConclusion The Solana price is starting to rise because of a mix of factors, which include growing hopes that ETF gets its approval, Strong technical signals, and more activity on their network. Solana is standing out, but traders must be cautious because there is still economic uncertainty, and gains might be limited due to Federal Reserve policies.This summer, Solana could reach $293 if it breaks the resistance level of $155-160. Overall, the outlook is looking positive, and if EFTs get their approvals, then it will be a big boost for Solana in 2025.FAQs1. What is the current price of Solana according to Coinmarketcap data?The current price of Solana, according to Coinmarketcap data is $150.192. What is influencing the prediction about Solana’s price surge to its ATH?ETF approval chances are rising, and big investors are switching toward scalable blockchain solutions.3. What is the price prediction if Solana ETFs get approved?The short-term price for Solana is predicted to be $180–$200, while the long-term range from $270–$590.4. Which firms are also applying for Solana ETFS?Firms including Grayscale, VanEck, Bitwise, and 21Shares are leading applicants for Solana ETFS5. What is the market sentiment on ETF approval?Many analysts stay optimistic about ETF approval GlossarySpot Solana ETF- A fund that holds Solana, letting investors invest in it easily.EMA- A tool that tracks price trends using averages.MACD- Shows price momentum by comparing two averages.RSI- Measures how fast and how much the price is moving.Recession Concerns- Worries about the economy slowing down or more people losing jobs.SourcesCrypto NewsCoin DCX DisclaimerThe price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.Source link

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Debunking the AI Doomsday Myth: Why Establishment Inertia and the Software Wasteland Will Save Us

Original Title: Against Citrini7Original Author: John Loeber, ResearcherOriginal Translation: Ismay, BlockBeats


Editor's Note: Citrini7's cyberpunk-themed AI doomsday prophecy has sparked widespread discussion across the internet. However, this article presents a more pragmatic counter perspective. If Citrini envisions a digital tsunami instantly engulfing civilization, this author sees the resilient resistance of the human bureaucratic system, the profoundly flawed existing software ecosystem, and the long-overlooked cornerstone of heavy industry. This is a frontal clash between Silicon Valley fantasy and the iron law of reality, reminding us that the singularity may come, but it will never happen overnight.


The following is the original content:


Renowned market commentator Citrini7 recently published a captivating and widely circulated AI doomsday novel. While he acknowledges that the probability of some scenes occurring is extremely low, as someone who has witnessed multiple economic collapse prophecies, I want to challenge his views and present a more deterministic and optimistic future.


Never Underestimate "Institutional Inertia"


In 2007, people thought that against the backdrop of "peak oil," the United States' geopolitical status had come to an end; in 2008, they believed the dollar system was on the brink of collapse; in 2014, everyone thought AMD and NVIDIA were done for. Then ChatGPT emerged, and people thought Google was toast... Yet every time, existing institutions with deep-rooted inertia have proven to be far more resilient than onlookers imagined.


When Citrini talks about the fear of institutional turnover and rapid workforce displacement, he writes, "Even in fields we think rely on interpersonal relationships, cracks are showing. Take the real estate industry, where buyers have tolerated 5%-6% commissions for decades due to the information asymmetry between brokers and consumers..."


Seeing this, I couldn't help but chuckle. People have been proclaiming the "death of real estate agents" for 20 years now! This hardly requires any superintelligence; with Zillow, Redfin, or Opendoor, it's enough. But this example precisely proves the opposite of Citrini's view: although this workforce has long been deemed obsolete in the eyes of most, due to market inertia and regulatory capture, real estate agents' vitality is more tenacious than anyone's expectations a decade ago.


A few months ago, I just bought a house. The transaction process mandated that we hire a real estate agent, with lofty justifications. My buyer's agent made about $50,000 in this transaction, while his actual work — filling out forms and coordinating between multiple parties — amounted to no more than 10 hours, something I could have easily handled myself. The market will eventually move towards efficiency, providing fair pricing for labor, but this will be a long process.


I deeply understand the ways of inertia and change management: I once founded and sold a company whose core business was driving insurance brokerages from "manual service" to "software-driven." The iron rule I learned is: human societies in the real world are extremely complex, and things always take longer than you imagine — even when you account for this rule. This doesn't mean that the world won't undergo drastic changes, but rather that change will be more gradual, allowing us time to respond and adapt.


The Software Industry Has "Infinite Demand" for Labor


Recently, the software sector has seen a downturn as investors worry about the lack of moats in the backend systems of companies like Monday, Salesforce, Asana, making them easily replicable. Citrini and others believe that AI programming heralds the end of SaaS companies: one, products become homogenized, with zero profits, and two, jobs disappear.


But everyone overlooks one thing: the current state of these software products is simply terrible.


I'm qualified to say this because I've spent hundreds of thousands of dollars on Salesforce and Monday. Indeed, AI can enable competitors to replicate these products, but more importantly, AI can enable competitors to build better products. Stock price declines are not surprising: an industry relying on long-term lock-ins, lacking competitiveness, and filled with low-quality legacy incumbents is finally facing competition again.


From a broader perspective, almost all existing software is garbage, which is an undeniable fact. Every tool I've paid for is riddled with bugs; some software is so bad that I can't even pay for it (I've been unable to use Citibank's online transfer for the past three years); most web apps can't even get mobile and desktop responsiveness right; not a single product can fully deliver what you want. Silicon Valley darlings like Stripe and Linear only garner massive followings because they are not as disgustingly unusable as their competitors. If you ask a seasoned engineer, "Show me a truly perfect piece of software," all you'll get is prolonged silence and blank stares.


Here lies a profound truth: even as we approach a "software singularity," the human demand for software labor is nearly infinite. It's well known that the final few percentage points of perfection often require the most work. By this standard, almost every software product has at least a 100x improvement in complexity and features before reaching demand saturation.


I believe that most commentators who claim that the software industry is on the brink of extinction lack an intuitive understanding of software development. The software industry has been around for 50 years, and despite tremendous progress, it is always in a state of "not enough." As a programmer in 2020, my productivity matches that of hundreds of people in 1970, which is incredibly impressive leverage. However, there is still significant room for improvement. People underestimate the "Jevons Paradox": Efficiency improvements often lead to explosive growth in overall demand.


This does not mean that software engineering is an invincible job, but the industry's ability to absorb labor and its inertia far exceed imagination. The saturation process will be very slow, giving us enough time to adapt.


Redemption of "Reindustrialization"


Of course, labor reallocation is inevitable, such as in the driving sector. As Citrini pointed out, many white-collar jobs will experience disruptions. For positions like real estate brokers that have long lost tangible value and rely solely on momentum for income, AI may be the final straw.


But our lifesaver lies in the fact that the United States has almost infinite potential and demand for reindustrialization. You may have heard of "reshoring," but it goes far beyond that. We have essentially lost the ability to manufacture the core building blocks of modern life: batteries, motors, small-scale semiconductors—the entire electricity supply chain is almost entirely dependent on overseas sources. What if there is a military conflict? What's even worse, did you know that China produces 90% of the world's synthetic ammonia? Once the supply is cut off, we can't even produce fertilizer and will face famine.


As long as you look to the physical world, you will find endless job opportunities that will benefit the country, create employment, and build essential infrastructure, all of which can receive bipartisan political support.


We have seen the economic and political winds shifting in this direction—discussions on reshoring, deep tech, and "American vitality." My prediction is that when AI impacts the white-collar sector, the path of least political resistance will be to fund large-scale reindustrialization, absorbing labor through a "giant employment project." Fortunately, the physical world does not have a "singularity"; it is constrained by friction.


We will rebuild bridges and roads. People will find that seeing tangible labor results is more fulfilling than spinning in the digital abstract world. The Salesforce senior product manager who lost a $180,000 salary may find a new job at the "California Seawater Desalination Plant" to end the 25-year drought. These facilities not only need to be built but also pursued with excellence and require long-term maintenance. As long as we are willing, the "Jevons Paradox" also applies to the physical world.


Towards Abundance


The goal of large-scale industrial engineering is abundance. The United States will once again achieve self-sufficiency, enabling large-scale, low-cost production. Moving beyond material scarcity is crucial: in the long run, if we do indeed lose a significant portion of white-collar jobs to AI, we must be able to maintain a high quality of life for the public. And as AI drives profit margins to zero, consumer goods will become extremely affordable, automatically fulfilling this objective.


My view is that different sectors of the economy will "take off" at different speeds, and the transformation in almost all areas will be slower than Citrini anticipates. To be clear, I am extremely bullish on AI and foresee a day when my own labor will be obsolete. But this will take time, and time gives us the opportunity to devise sound strategies.


At this point, preventing the kind of market collapse Citrini imagines is actually not difficult. The U.S. government's performance during the pandemic has demonstrated its proactive and decisive crisis response. If necessary, massive stimulus policies will quickly intervene. Although I am somewhat displeased by its inefficiency, that is not the focus. The focus is on safeguarding material prosperity in people's lives—a universal well-being that gives legitimacy to a nation and upholds the social contract, rather than stubbornly adhering to past accounting metrics or economic dogma.


If we can maintain sharpness and responsiveness in this slow but sure technological transformation, we will eventually emerge unscathed.


Source: Original Post Link


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