Standard Chartered Projects Solana to Reach $275 by Year-End and $500 by 2029
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Standard Chartered Projects Solana to Reach $275 by Year-End and $500 by 2029

A recent report from Standard Chartered indicates Solana could underperform Ether in the coming years, predicting price points of $275 for the end of this year and $500 by 2029.

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Overview

Standard Chartered has released a research report detailing forecasts for Solana, predicting that it will reach $275 by the end of 2025 and $500 by 2029. According to the bank, Solana is anticipated to perform poorly compared to Ether over the next few years.

Key Highlights

  • Solana Price Projections: The cryptocurrency is projected to surge to $275 in 2025.
  • Comparison to Ether: The bank anticipates that the ratio of Ether to Solana will rise, with expectations of it moving from 14 to 17 by the end of 2027 before falling off again.
  • Economic Context: Standard Chartered indicates that Solana trades inexpensively relative to its application revenue, suggesting that its appeal in the memecoin market has reached its peak.

The report adds that while Solana has potential in sectors requiring low fees and quick transactions, significant growth will take time.

Further Reading

To delve deeper into the cryptocurrency market, check out True Markets Raises $11M for DeFi on Solana.

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