Standard Chartered's Geoff Kendrick has predicted a significant price increase for Solana, which is expected to increase fivefold by the end of 2025 if Donald Trump wins the US presidential election.
Kendrick, the bank’s Global Head of Digital Asset Research, also predicted in a recent note that ETH’s value could quadruple, while Bitcoin’s value could triple in the same time frame:
“Based on current prices under Trump, I estimate the following prices by the end of 2025: SOL up 5X, ETH up 4X, BTC up 3X.”
Kendrick also offered another perspective, arguing that Bitcoin would outperform Ethereum and ETH would outperform Solana if Kamala Harris became president.
“In US dollar terms, we expect Ethereum to reach $7,000 by the end of 2025 if Kamala Harris is president,” he said. Kendrick argued that regardless of the outcome of the November 5 election, Bitcoin is expected to reach $200,000 by the end of 2025.
Kendrick outlined the specific conditions needed for Solana’s value to increase as predicted and touched on the role the Trump administration could play in supporting the ecosystem. “A Solana ETF is more likely to launch under President Trump,” Kendrick said, noting that such regulatory developments could be a significant boon for Solana.
Kendrick also noted the market’s optimism about Solana, noting that the metrics point to bright growth prospects, with projected throughput increases of 100x to 400x. Kendrick noted that Solana’s network throughput would need to increase significantly for the valuation estimate to become realistic. Kendrick cited Firedancer, a new third-party authentication client software designed to increase Solana’s throughput to one million transactions per second, as a key component.
Kendrick also noted that for Solana to reach this ambitious valuation, the company will need to dominate multiple sectors that require large transaction volumes, such as finance, consumer services, and decentralized physical infrastructure networks (DePIN).
