Standard Chartered's Jeff Kendrick predicts a significant increase in the prices of major cryptocurrencies by the end of 2025, especially in the context of the upcoming US presidential election.
He recently said that if Donald Trump wins the presidential election, the price of Solana could increase fivefold, Ethereum fourfold and Bitcoin threefold.
Kendrick also noted that if Kamala Harris becomes president, Bitcoin is expected to outperform Ethereum, which will outperform Solana. In this scenario, he thinks that Ethereum could reach the $7,000 mark by the end of 2025, while Bitcoin could rise to $200,000, regardless of the outcome after the November 5 election.
Kendrick stressed that the Trump administration is likely to be more supportive of the Solana ecosystem than the Harris administration. He pointed out that the introduction of a Solana exchange traded fund (ETF) would be more likely under Trump.
For the Solana prediction to become a reality, he stressed the need to significantly increase network throughput, with expectations of 100 to 400 times growth.
Kendrick also emphasized that Solana needed to establish dominance in various sectors, including finance and decentralized infrastructure, that required high transaction throughput.
Solana (SOL) has gone down by 6% in the past week and although the token has recovered in the past 24 hours, technical indicators favor a bearish outlook. Trading volumes have gone up by nearly 18% as bulls managed to reverse an early sell-off during the Asian session. However, meme coins, an important segment of […]
Metaplanet is aggressively expanding its Bitcoin holdings through an unconventional $5.4 billion capital raise, positioning itself as a leading BTC proxy in Asia.
A growing number of publicly traded companies are turning to XRP as a potential reserve asset, signaling a shift in how institutions view the utility of digital assets in treasury management.
BlueBird Mining Ventures, a London-listed firm traditionally focused on gold, is making headlines after announcing it will liquidate its gold reserves and begin accumulating Bitcoin as a treasury asset.