Solana Price Prediction Hits $500 by 2029, Says Standard Chartered, but Ethereum May Outperform Until 2027
- Standard Chartered predicts Solana will reach $275 by end-2025 and $500 by 2029.
- The bank warns of short-term underperformance due to reliance on memecoin trading.
- Solana may lag Ethereum until 2027 as alternative sectors like DePIN take time to mature.
Standard Chartered has released a detailed Solana forecast, predicting the Solana price could reach $275 by the end of 2025 and rise to $500 by 2029.
The report, published on May 27, 2025, was authored by Geoffrey Kendrick, who leads the bank’s digital assets research. At the time of the forecast, SOL was trading around $175.
Kendrick explained that Solana appears undervalued based on Standard Chartered’s market cap-to-GDP model. He stated that Solana currently trades “cheap” compared to its on-chain activity and protocol revenue. In contrast, BNB was labeled “rich” because of its ties to Binance’s centralized exchange. The bank defines blockchain GDP as the revenue produced by all applications and services operating on the network.
The Solana price prediction, while bullish in the long term, includes a cautious near-term view. Kendrick …
The post Solana Price Prediction Hits $500 by 2029, Says Standard Chartered, but Ethereum May Outperform Until 2027 appeared first on Coin Edition.
Read More
Solana Price Prediction Hits $500 by 2029, Says Standard Chartered, but Ethereum May Outperform Until 2027
- Standard Chartered predicts Solana will reach $275 by end-2025 and $500 by 2029.
- The bank warns of short-term underperformance due to reliance on memecoin trading.
- Solana may lag Ethereum until 2027 as alternative sectors like DePIN take time to mature.
Standard Chartered has released a detailed Solana forecast, predicting the Solana price could reach $275 by the end of 2025 and rise to $500 by 2029.
The report, published on May 27, 2025, was authored by Geoffrey Kendrick, who leads the bank’s digital assets research. At the time of the forecast, SOL was trading around $175.
Kendrick explained that Solana appears undervalued based on Standard Chartered’s market cap-to-GDP model. He stated that Solana currently trades “cheap” compared to its on-chain activity and protocol revenue. In contrast, BNB was labeled “rich” because of its ties to Binance’s centralized exchange. The bank defines blockchain GDP as the revenue produced by all applications and services operating on the network.
The Solana price prediction, while bullish in the long term, includes a cautious near-term view. Kendrick …
The post Solana Price Prediction Hits $500 by 2029, Says Standard Chartered, but Ethereum May Outperform Until 2027 appeared first on Coin Edition.
Read More