🚨 Standard Chartered: Solana to $500 by 2029 – But ETH Will Outperform First

$SOL may not sprint, but it’s playing the long game.

💬 What’s the Scoop?

Standard Chartered just dropped a major forecast: Solana could 3x to $500 by 2029.

But in the near term (2025–2027), Ethereum is expected to outperform. Why?

According to Geoffrey Kendrick, the bank’s head of digital assets research: “Solana is overly reliant on memecoin trading, which may have already peaked. That’s keeping SOL ‘cheap’ on our GDP metric.”

💡 Translation for Degens:

🔹 Memecoins fueled growth — but that’s short-lived alpha.

🔹 Solana’s real upside lies in future sectors:

DeFi 2.0

SocialFi

DePIN (Decentralized Physical Infrastructure Networks)

But those need time to mature — 2 to 3 years, according to the report.

📉 Short Term = Slow Climb

Kendrick sees SOL at $275 by end of 2025

ETH/SOL ratio expected to rise from 15 to 17 by 2027

So if you're holding SOL, the game now is patience + conviction.

📊 Long-Term Outlook Still 🔥

🚀 SOL: $500 by 2029

🔮 BTC: $200K (2025), $500K (2028)

📈 BNB: $2,775 | ETH: $4,000 | XRP: $12.50 | AVAX: $250

💵 Stablecoins to hit $2 TRILLION by 2028

Kendrick & team don’t hold crypto — but they’re clearly bullish on blockchain GDP narratives.

🧠 TL;DR:
Solana isn’t dead — it’s evolving.
Short-term drag from memecoin fatigue = a long-term buy zone?

Disclaimer: Not financial advice. Views belong to Standard Chartered. Always DYOR.