Solana’s Rollercoaster Ride: Will It Soar or Crash? šŸŽ¢

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What to know:

  • Solana is expected to reach $275 by the end of this year and $500 by the end of 2029, the report said. (Because who doesnā€™t love a good gamble?)
  • The bank said it expects Solana to underperform Ether over the next two to three years. (So, basically, itā€™s the tortoise in a race full of hares.)
  • The token trades cheap relative to its application revenue, and memecoin activity is past its peak, Standard Chartered said. (Memecoins: the trendy but fleeting fashion of the crypto world.)

Solana is expected to underperform Ether over the next two to three years, investment bank Standard Chartered (STAN) said in a research report Tuesday initiating coverage of the cryptocurrency. (I mean, who needs a winning horse when you can have a slightly less losing one?)

The bank expects the Ether/Solana ratio to increase from 14 currently to 17 by the end of 2027, before falling off again. (Itā€™s like watching a soap opera: full of drama and inevitable disappointment.)

For Solana, “this translates into forecasts of $275 at end-2025 (from the current level of $175) and $500 by end-2029,” wrote Geoff Kendrick, head of digital assets research at Standard Chartered. (So, basically, itā€™s like waiting for your favorite show to get renewedā€”lots of hope, but who knows?)

Solana is the blockchain of choice for memecoin trading, but due to the volatility associated with the sector, the token trades cheap relative to its application revenue, the bank noted. (Itā€™s like buying a fancy coffee but getting decafā€”disappointing, yet somehow still caffeinated.)

Memecoin activity on Solana also appears to be “past its peak,” the bank said, adding that “declining usage and trading ‘cheap’ are not a good mix.” (Kind of like a bad date: you know itā€™s not going anywhere, but you keep hoping for a miracle.)

The cryptocurrency should dominate future sectors with high volumes, low fees, and fast transaction times, such as financial and traditional consumer apps, but reaching scale in these areas could take years, the report added. (So, in other words, donā€™t hold your breathā€”unless you enjoy turning blue.)

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2025-05-27 14:32