Standard Chartered Bank projects a fivefold rise in Solana’s price by 2025 if Donald Trump wins the upcoming US election, driven by increasing adoption and a potential Solana ETF.
Standard Chartered Predicts 5X Solana Price Surge by 2025
According to Standard Chartered Bank, if Donald Trump were to win the forthcoming US presidential election, the price of Solana (SOL) might increase fivefold by the end of 2025. This prediction is made in light of the fact that Solana's user base is expanding, as the network recently experienced over 100 million monthly active addresses.
Trump Win Could Push Solana, Bitcoin, and Ethereum Higher
Depending on the US presidential election in 2024, the possible scenarios of Solana, Bitcoin, and Ethereum were highlighted in an interview with the banking institution's Global Head of Digital Assets Research, Geoff Kendrick.
Kendrick predicts that SOL's price would quadruple by 2025 on the strength of Donald Trump's potential pro-cryptostance as president. In this scenario, Bitcoin's value might triple, and Ethereum's value could quadruple.
Solana ETF and Firedancer Validator Key to SOL’s Growth
According to Kendrick, the Solana ecosystem would fare better with Trump in office. The introduction of a Solana exchange-traded fund (ETF) to the market is another potential catalyst for further investment and usage.
He went on to say that Solana should speed up its transactions because the Firedancer validator client might cause them to grow by a factor of 100 to 400 in the coming years.
Harris Presidency Could Alter Crypto Landscape
If Kamala Harris were to become president, Kendrick painted a different picture. If this holds, Bitcoin's performance should surpass that of Ethereum, which in turn should surpass that of Solana. Regardless of the US election, Standard Chartered Bank is still enthusiastic about Bitcoin and predicts that one BTC will reach $200,000 by the end of 2025.
Solana’s Future Growth Tied to Technology and Regulation
While Solana's efforts may be hindered by a stringent regulatory framework, Coingape shares that Ethereum's value may soar to $10,000 under Trump's administration and $7,000 under Harris's.
In addition to the election, Solana's ecosystem and technology are developing, which bodes well for the company's future growth. Among the third-party validator clients that Kendrick brought up during the survey was Firedancer, whose mission is to increase Solana's TPS to one million.
Solana Aims to Dominate Throughput-Intensive Industries
Solana plans to dominate throughput-intensive industries like financial services, consumer goods, and decentralized physical infrastructure networks (DePIN), therefore this is crucial for the company's future.
In addition to Firedancer, other indicators of Solana's development have raised hopes for a rise in the network's user base.