Standard Chartered forecasts that Solana will reach $500 by 2029, despite short-term declines.
The long-term potential #solana remains strong, despite short-term hurdles, according to Standard Chartered's head of digital assets Jeffrey Kendrick. The bank predicts that the value $SOL will rise from approximately $175 today to $275 by the end of 2025 and to $500 by 2029. However, Solana is expected to lag behind Ethereum for the next two to three years due to its strong dependence on meme coin trading, which is considered unstable. Kendrick noted: “Solana is trading 'cheaply' by our market cap to GDP metric,” referring to the slowdown in growth caused by meme coins. Despite low fees and high throughput supporting trading, future adoption in financial applications, social applications, and DePIN networks may take years. As the gap #Ethereum widens, the ETH-SOL ratio could increase to 17 by 2027. Kendrick also confirmed positive forecasts for Bitcoin at $200,000 by 2025 and stablecoins reaching a market capitalization of $2 trillion.
