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.

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This 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.

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Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.