$SOL Standard Chartered Sees Solana Hitting $500 by 2029 Despite Short-Term Dip

Solana’s long-term potential remains robust despite short-term hurdles, according to Standard Chartered’s digital assets head Geoffrey Kendrick. The bank forecasts SOL will climb from roughly $175 today to $275 by late 2025 and $500 by 2029.

However, solana is expected to trail ethereum over the next two to three years due to its heavy exposure to memecoin trading, which is seen as unsustainable. Kendrick noted, “ solana trades ‘cheap’ on our market cap-to-GDP metric,” citing a slowdown in memecoin-driven growth.

While solana’s low fees and high throughput support trading, future adoption across finance, social apps, and DePIN networks may take years to mature. As ethereum grows its lead, the ETH- SOL ratio could increase to 17 by 2027. Kendrick also reaffirmed bullish forecasts for bitcoin at $200,000 by 2025 and stablecoins reaching a $2 trillion market.