Is Solana Already Looking Like the Underachiever of 2025? Standard Chartered Thinks So

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So, here’s the scoop: Standard Chartered thinks Solana is going to flop harder than my New Year’s resolutions—sorry, Solana fans. According to the investment bank, the crypto darling will likely fall short of Ethereum’s dazzling performance in the next few years, mostly because, well, Solana’s obsessed with memecoins. Yes, you heard that right. Memecoins. 😬

On Tuesday, May 27, Geoff Kendrick, the guy with the fancy title of Head of FX and Digital Assets Research at Standard Chartered, gave us his *very confident* two cents on Solana’s future. He’s predicting that Solana will almost double in price by the end of the year. That’s cute. But even then, it’s still going to be left in Ethereum’s dust. 🤷‍♂️

Kendrick’s crystal ball tells him Solana could hit $275 by 2025, up from its current $176.72. And by 2029? It might touch $500. But here’s the kicker—Ethereum is forecast to rise to $4,000 by 2025 and $7,500 by 2029. So, yeah, it’s kind of like watching your little sibling trying to race ahead of you, but you’re already halfway to the finish line. 🙄

Is Solana Too Obsessed with Memecoins? Standard Chartered Says ‘Definitely.’

And here’s where it gets spicy. Kendrick thinks Solana’s love affair with memecoins is a “double-edged sword.” Yes, it’s fun now—who doesn’t love a good Dogecoin or Shiba Inu meme? But the honeymoon might be over soon. According to Kendrick, while memecoins *might* have pumped Solana in the short term, that growth is about as sustainable as my enthusiasm for gym memberships in January. 🚶‍♀️💨

“We’re past peak-memecoin,” Kendrick says. Ouch. It’s like when your friend tells you that your hair looks “different today,” and you’re just praying it’s not the “looks like you haven’t washed it in a week” kind of different. 🤔

Now, if memecoins start to fizzle out—and spoiler alert, they probably will—this is going to hurt Solana big time. After all, it’s not just about being *technically* sound (which Solana is). If your revenue’s tied to a bunch of meme-based nonsense, things could go south faster than you can say “Doge to the moon.” 🚀

Remember when the total memecoin market cap hit $100 billion in December 2024? It was like every crypto bro’s dream come true. But that was, like, the peak. Solana’s memecoin bonanza also peaked in January 2025, all coinciding with the latest bull market. So, if the memecoin trend starts to tank (and, let’s be honest, it probably will), Solana could be in deep trouble.

Even Cathie Wood from Ark Invest has chimed in, saying that most memecoins will eventually flop. But don’t worry, she’s not completely throwing Solana under the bus—she still thinks both Ethereum and Solana will be fine in the long run. You know, in case you’re still holding on to your Solana bags. 💼

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2025-05-27 16:49