Stanchart expects Sol to hit $ 275 by the end of the year and $ 500 by the end of 2029
Solana
It is expected that underperform ether in the next two to three years, the Investment Bank Standard Chartered (STAN) said in a research report Tuesday starting the cryptocurrency range.
The bank expects the Ether/Solana ratio to rise from 14 currents to 17 by the end of 2027, before falling again.
For Solana, “it translates to the forecasts of $ 275 to the End-2025 (from the current level of $ 175) and $ 500 by end-2029,” wrote Geoff Kendrick, head of Digital Assets Research in Standard Chartered.
Solana is the blockchain selected for memecoin trading, but due to volatility associated with the sector trading to tokens that are cheap relatives in the income of its application, the bank said.
Memecoin’s activity in Solana also appears that “its climax has passed,” the bank said, adding that “refusal of using and trading ‘cheap’ is not a great mix.”
Cryptocurrency should dominate future sectors with high volume, low fees and fast transaction hours, such as financial and traditional consumer apps, but scale reaches in these areas can take years, the report added.
Read more: True markets raised $ 11M in Series A, launching a mobile-first defi trading app in Solana
