Standard Chartered, the leading global financial entity in the world, has predicted a new price trajectory for Solana. According to SC, SOL is projected to reach $275 by 2025. In another bold forecast predicted by the financial giant, SOL is all set to hit $550 by 2030, a notable milestone for SOL to encounter and bask in. The real question is whether Solana will truly be able to breach the aforementioned price levels by the predicted timelines. Let’s have a look at what the technical platforms contribute to the said development.

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Standard Chartered’s Bold Vision About Solana

standard chartared
Source: CNBC

Solana is undoubtedly one of the trending cryptocurrency tokens to exist in space. The token is always buzzing with new activities, hosting new meme coins on the go, and attracting heavy momentum from the old ones. In this wake, Standard Chartered has come up with a new price forecast for Solana, adding how the token may hit $275 by the end of 2025, followed by claiming the ambitious $550 mark by 2030.

The leading financial entity later shared how Solana may end up outperforming Ethereum.

“As a result, we expect Solana to underperform Ethereum over the next two to three years, before catching up, at least in real terms.”

The report later emphasized how SOL trades “cheap” on a market cap to GDP basis, unlike BNB, which trades “rich” on the aforementioned index.

“Standard Chartered initiates Solana coverage, forecasting $SOL to reach $275 by the end of 2025 and $500 by 2029. It says Solana trades ‘cheap’ on market cap-to-GDP, unlike BNB, which trades ‘rich’ due to its Binance link.”

What Does the Technical Analysis Say?

As per CoinCodex, SOL may trade at the $201 price level by the end of 2025.

SOL STATS
Source: CoinCodex

However, CC predicts SOL to take charge, hitting a new high of $419 by 2030.

Source: CoinCodex

However, with changing mechanisms, increased transaction output, and market trends, these price levels are subject to change.

Also Read: Solana: Will The Firedancer Upgrade Take SOL To $1000?

  • SOL
  • Solana Price Prediction
  • Standard Chartered