Standard Chartered shares a vision for Solana in 2025, projects USD $ 500 in 2029

By Hannah Pérez

Standard Chartered analysts do not believe that Solana will resume their historical maximum close to $ 300 this year, they project lower performance than Ethereum due to their favorite use for memecoins.

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• Standard Chartered does not believe that Solana will resume its historical maximum close to USD $ 300 this year.
• Bank analysts project lower performance than Ethereum in the next two to three years.
• They say that the favorite use of Solana for memecoins trade affects its value.
• They still estimate that the Altcoin will rise to USD $ 500 by 2029.

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Bank specialists Standard Chartered, Based in London, they have shared an optimistic long -term vision on the cryptocurrency market.

On this occasion, the institution’s analysts provided an analysis around the main Altcoin Solarium (Sun), as the coverage began, reiterating their upward perspective for the coming years, although less optimistic for the short and medium term.

In a new research report on Tuesday, Standard Chartered predicted that Sol will have a lower performance than Ethereum (Eth) in the next two or three years due to their excessive relationship with the market of the Memecoins.

Memecoin trade affects Solana

“The current uses of Solana are very focused on trade. Within trade, Solana dominates Memecoin’s trade“, Geoffrey Kendrick wrote, Global Chief of Research of Digital Assets of Standard Charteredin the report cited by The Block.

The volatility associated with the Tokens Meme makes Sol coothe too low in relation to the income of his applications, the bank continued, as reported COINDESK. The activity of Memecoin in Solarium It also seems to be “beyond its peak“The analysts added, noting that this sector is not a sustainable growth engine for the network.

Although the Memecoins have managed to try the infrastructure of Solarium“The decrease in ‘cheap’ use and trade are not a good combination“, Kendrick noticed, according to the newspapers.

The analyst continued to say that although he considers that Solarium It is well positioned to support the areas of growth that need rapid and low -cost transactions, – such as financial applications, social networks and decentralized networks of physical infrastructure (Depin) – expects them to take another two or three years to climb, as existing defi projects mature.

Taking these factors into account, the British bank emphasized that “Solana is likely to face a period of two to three years of lower activity“, In which his performance is probably eclipsed by ETH.

Sol to USD $ 500 by the end of 2029

Standard Chartered He said he hopes that the ETH/Sol ratio will increase from 14 to 17 by the end of 2027, before falling again.

He also shared the price forecasts for Solariumprojecting a height of USD $ 275 towards the end of 2025 and USD $ 500 in 2029. These figures would represent respective increases of almost 60% and 190% since the current price of USD $ 176.

The bank, known for its bullish price projections for cryptocurrencies, predicted last October that Ether could multiply by four and Solarium Increase at an even faster rate if Donald Trump won the presidential elections. However, Standard Chartered Then he became bassist with ETH when he cut its projection of USD $ 10,000 to USD $ 4,000 for the end of 2025.

Bank’s specialists also expect that Bitcoin Touch the USD $ 200,000 this year, and the rise continues to break the USD $ 500,000 in three years. They have also shared objective prices of more than USD $ 2,700 for BNB and USD $ 12.5 for XRP in 2028, while visualizing Avax from Avalanche in USD $ 250 by 2029.

Sol has increased approximately 20% in the last 30 days, but it is still almost 40% below its maximum historical price of USD $ 294 Conquered in January 2025, according to data from Coinmarketcap.

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Hannah Estefanía Pérez / Diariobitcoin

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