Solana’s monthly active addresses surpass 100 million, boosting network growth.
Standard Chartered predicts Solana's price to rise fivefold by 2025 if Trump wins the U.S. election.
Solana's technological improvements, including Firedancer, are expected to increase transaction speed.
Standard Chartered has predicted that Solana's price could multiply by five times by the end of 2025, largely driven by the possibility of Donald Trump winning the 2024 U.S. presidential election. This forecast comes as Solana’s user base expands, with the network recently surpassing 100 million monthly active addresses.
https://twitter.com/SolanaFloor/status/1843693861530751058
The bank’s Global Head of Digital Assets Research, Geoff Kendrick, outlined various scenarios for crypto markets based on the upcoming election, emphasizing Solana’s favorable position under a Trump administration.
According to Kendrick, a Trump victory could see Solana benefiting from a pro-crypto stance, leading to a substantial price increase. The forecast also includes Ethereum, which could experience a 4x growth, and Bitcoin, which may rise threefold. Moreover, Kendrick suggested that the introduction of a Solana-based ETF might enhance the network’s visibility and adoption.
Besides political factors, Solana's ecosystem growth is being supported by its technological advancements. Kendrick highlighted the Firedancer validator client, which could boost Solana’s transaction speeds by up to 400 times in the coming years.
This improvement is essential for Solana to strengthen its position as a key player in industries requiring high transaction throughput, such as finance and decentralized infrastructure networks.
In contrast, Kendrick suggested that under a Kamala Harris presidency, Solana might face stricter regulatory challenges. Bitcoin is predicted to do better than other crypto assets, including Solana, though all major tokens are expected to grow. Despite this, the bank is still positive about Bitcoin’s future, expecting it to reach $200,000 by 2025.
The broader Solana ecosystem continues to evolve, with projects such as Jupiter Exchange and Layer3 contributing to its expansion.
Jupiter Exchange has launched a mobile app simplifying the purchase and trading of SOL, offering integration with payment methods like Apple Pay and Google Pay.
Meanwhile, Layer3, an engagement platform with over 300,000 users, is working with Solana protocols to improve user interaction and enhance token migration.
