Standard Chartered Launches Solana Coverage, Forecasts Growth but Expects Ethereum to Lead
In a new research report initiating coverage on Solana (SOL), Standard Chartered projects steady price appreciation for the cryptocurrency but anticipates it will lag behind Ethereum (ETH) in performance over the next few years.
The bank forecasts Solana climbing from its current price near $177 to $275 by the end of 2025, and reaching $500 by the end of 2029. Meanwhile, the ETH/SOL price ratio is expected to rise from 14 today to 17 by 2027 before easing.
Solana’s popularity in the memecoin trading space has driven significant usage, but Standard Chartered notes that activity in this niche appears to have peaked, contributing to a discounted valuation relative to Solana’s application revenues.
The report highlights Solana’s strengths in delivering fast, low-cost transactions suitable for high-volume sectors such as finance and consumer applications. However, the path to mainstream adoption in these areas is projected to be gradual and could take several years.
