A new report from Standard Chartered suggests that the price of Solana could increase by fivefold by the end of 2025 if Donald Trump wins the U.S. presidential election.
Standard Chartered: Solana, Ethereum and Bitcoin Could 5x,4x, 3x Respectively
Geoff Kendrick, the Global Head of Digital Assets Research at Standard Chartered, outlined his predictions in a Tuesday note. He also forecasted that Ethereum could rise fourfold and Bitcoin could triple in value under a Trump presidency.
However, if Kamala Harris were to become president, Kendrick expects Bitcoin to outperform Ethereum, which would in turn outperform Solana. He envisions Bitcoin reaching $200,000 by the end of 2025, regardless of the election outcome.
Kendrick’s forecast for Solana’s growth under a Trump administration is based on several factors. He believes that a Trump administration would be more supportive of the Solana ecosystem, including potentially approving a Solana exchange-traded fund (ETF).
To achieve his valuation forecast, Kendrick emphasized the need for Solana to significantly increase its throughput. He pointed to Firedancer, a new validator client software, as a potential solution to enhance the network’s efficiency.
Additionally, Solana would need to establish dominance across multiple sectors, such as finance, consumer services, and decentralized physical infrastructure (DePIN), to support these ambitious valuations.
