Standard Chartered Expects Solana to Lag Behind Ether Over Next Several Years
Investment bank Standard Chartered (STAN) initiated coverage on Solana (SOL) Tuesday, forecasting that the cryptocurrency will underperform Ethereum (ETH) over the coming two to three years.
Currently priced around $177, Solana is projected to rise to $275 by the end of 2025 and potentially reach $500 by the close of 2029, according to Geoff Kendrick, head of digital assets research at Standard Chartered. However, the bank expects the Ether-to-Solana price ratio to increase from the current 14 to 17 by the end of 2027 before easing back.
Solana has become a popular platform for memecoin trading, yet due to the high volatility typical of this segment, the token currently trades at a discount compared to its application-generated revenue. Standard Chartered noted that memecoin activity on Solana seems to have peaked and is now declining, which presents challenges given the token’s undervaluation.
Looking ahead, the report suggests that Solana is well-positioned to dominate sectors requiring high transaction volumes, low fees, and fast processing times—such as financial services and traditional consumer applications. However, achieving significant scale in these markets is expected to take several years.
