Standard Chartered believes that Solana will likely underperform Ethereum in the coming years due to its overreliance on memecoins.
Investment bank Standard Chartered sees Solana (SOL) almost doubling by the end of the year. Still, even at those levels, it will likely underperform Ethereum (ETH). On Tuesday, May 27, Geoff Kendrick, Standard Chartered’s Head of FX and Digital Assets Research, shared his insights on Solana over the next two to three years.
Kendrick projects Solana could reach $275 by the end of 2025, up from its current level of $176.72. By 2029, Solana could trade as high as $500. However, this trajectory would still likely see the asset underperform Ethereum. In comparison, Ethereum is forecast to rise to $4,000 by the end of 2025 and to $7,500 by 2029.
Solana is overreliant on memecoins: Standard Chartered
Kendrick bases his insights on Solana’s reliance on memecoin trading….
