Solana (SOL) Price Prediction by Standard Chartered
Solana (SOL) has seen an impressive recovery, skyrocketing 900% since the collapse of FTX in 2022.
According to Standard Chartered’s Geoff Kendrick, the price of SOL could multiply by four, reaching $560 by the end of 2025, but there are several key factors that could influence this outcome.
One significant aspect is the 2024 U.S. election, where Kendrick suggests a Trump victory could boost Solana’s chances of success, potentially leading to the approval of a SOL ETF. Even under a different administration, Kendrick still expects substantial growth, though at a slower pace.
Technological developments also play a crucial role. A new validator client called Firedancer, being developed by Jump Crypto, could dramatically increase Solana’s transaction capacity from its current level of 3,200 transactions per second (TPS) to over 600,000 TPS.
READ MORE:
Top Trader Issues Dire Warning on Bitcoin’s PriceThis upgrade is seen as essential for supporting future price growth, although it faces challenges and competition from faster blockchains like Sui and Aptos .
In addition to these technical advancements, Solana must expand its user base to maintain its upward trajectory. Its collaboration with Visa and growing adoption of decentralized applications could drive further engagement. Solana’s market cap-to-fee ratio, which currently outpaces Ethereum’s, signals that investors may be anticipating significant future gains for the network.
Source
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Stocks and Crypto Rally After Rough February, But Will It Last?
Overall, the crypto market cap increased by 7.19% to $2.84 trillion, with an enormous $150 billion traded in just 24 hours.
In major win for Hex’s Richard Heart, SEC dismisses lawsuit
Tesla takes a giant leap into Indian markets after Modi Musk meet
Two Australian Men Are Charged In AI-generated Child Abuse Images
Trending news
MoreCrypto prices
More








