Banking giant Standard Chartered has forecasted a potential 400% surge in Solana (SOL) if Donald Trump wins the 2024 U.S. presidential election. Geoffrey Kendrick, the bank's head of digital assets, detailed the prediction in a research note this week.
Prediction Details: Solana Leads, Ethereum and Bitcoin Follow
In an email to CNBC, Kendrick projected that under a Trump administration, Solana would rise 400%, Ethereum 300%, and Bitcoin 200% by 2025. This would push Solana above $700, Ethereum above $9,650, and Bitcoin above $185,000. He highlighted Solana's fast transaction speed and support for decentralized applications as key strengths in a crypto-friendly climate.
Trump vs. Harris: Different Regulatory Landscapes
Kendrick noted that a Trump administration would be more supportive of the overall digital assets ecosystem than a Harris administration. Under Trump, a Solana ETF is more likely. Conversely, under Harris, Bitcoin would likely outperform Ethereum and Solana, with Ethereum potentially around $7,000 compared to over $9,650 under Trump.
Solana Valuation: Throughput the Key
Kendrick also stated that Solana's current rich valuation relative to Ethereum requires a 100x to 400x increase in throughput over several years — a scenario he considers more plausible under Trump than Harris. Standard Chartered's outlook provides a macro reference for the crypto market, but actual outcomes hinge on election results and subsequent policies.
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