Standard Chartered’s Election-Related SOL, ETH, and BTC Price Targets
Standard Chartered Bank predicts that Solana (SOL) could increase fivefold by the end of 2025 if Donald Trump wins the upcoming US presidential election. This prediction comes as Solana’s user base grows, with the network reaching over 100 million monthly active addresses for the first time.
Elections and Solana (SOL)
In a conversation with Geoff Kendrick, the financial institution’s Head of Global Digital Assets Research, potential scenarios for Solana, Bitcoin, and Ethereum were revealed in relation to the 2024 US presidential election. Kendrick predicts an increase if Trump maintains a positive attitude towards crypto during his presidency. According to him, in such a scenario, the price could increase by up to five times and reach four-digit figures.
He also thinks that Ethereum could increase fourfold and Bitcoin threefold. Of course, he's not saying these things because he sees the future; they're all predictions and don't have to come true.
Kendrick said he thinks the Solana ecosystem will perform better under the Trump administration, and the possibility of a Solana ETF launch could increase depending on the election results.#IntroToCopytrading