In a rather audacious display of optimism, the venerable British institution known as Standard Chartered has proffered a prediction that Solana (SOL) might ascend to the lofty heights of $275 by the close of 2025, and perhaps even flirt with the $500 mark by the end of 2029. Geoff Kendrick, the head honcho of digital assets research at the bank, unveiled these forecasts in a report that was, one might say, as eagerly anticipated as a rainy day in London. Currently, Solana is trading at a modest $178.50, which suggests a potential surge of anywhere from 54% to a staggering 180%. One can only imagine the tea being spilled in the boardroom! ☕️
🚨JUST IN: Standard Chartered initiates Solana coverage, forecasting $SOL to reach $275 by end of 2025 and $500 by 2029. It says Solana trades ‘cheap’ on market cap-to-GDP, unlike BNB which trades ‘rich’ due to its Binance link.
— SolanaFloor (@SolanaFloor) May 27, 2025
Yet, in a twist that would make even the most seasoned soap opera writer raise an eyebrow, the bank anticipates that Solana will lag behind Ethereum in the coming two to three years. The prediction is that the Ethereum-to-Solana price ratio will increase from a rather pedestrian 14 today to a more respectable 17 by the end of 2027. Kendrick, with a flair for the dramatic, elucidated that this implies ETH will maintain its lead over SOL during this period. How thrilling! 🎭
Solana, the darling of the memecoin trading scene, has garnered a reputation for its volatility, driven as it is by the whims of internet trends. However, Standard Chartered has noted that the memecoin frenzy on Solana appears to be “past its peak.” The bank sagely remarked, “Declining usage and trading ‘cheap’ are not a good mix.” One can only chuckle at the irony—Solana’s price may very well suffer due to its waning popularity. Who knew that being ‘cheap’ could be such a double-edged sword? ⚔️
Moreover, the bank pointed out that Solana’s trading price is rather low when juxtaposed with its application revenue, which they charmingly refer to as its GDP. This revenue is derived from the myriad projects and applications sprouting on Solana’s blockchain. In stark contrast, Binance’s BNB enjoys a higher valuation, basking in the glow of its centralized exchange. Ah, the joys of being in the right place at the right time! 🏦
Looking to the horizon, Standard Chartered believes that Solana is poised to support sectors that demand rapid transactions with minimal fees—think financial services, social media apps, and decentralized physical infrastructure networks. However, they prudently cautioned that it may take a few years for these sectors to mature sufficiently to make a significant dent in Solana’s value. Patience, dear reader, is indeed a virtue! ⏳
Solana has not been without its tribulations, facing network outages and attacks that would make even the most resilient of us quiver. Recent upgrades, such as the Firedancer validator client and new network tools, aim to bolster its reliability. Meanwhile, Ethereum continues to bask in the glow of a more decentralized network and robust developer support, holding a far larger share of total value locked in decentralized finance projects. The drama unfolds! 🎬
Kendrick, ever the realist, remarked, “As a result, Solana is likely to face a two- to three-year period of lower activity (as measured by GDP). SOL is also likely to continue to trade ‘cheap’ relative to its GDP until other sectors become established users of Solana.” One can only hope that the future holds more than just a cup of tea and a good book for Solana! 📚
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2025-05-27 21:42