Solana Price Prediction by Standard Chartered
The bank’s analysis frames Solana as a high-performance blockchain with unique strengths — but also significant short-term challenges.
Standard Chartered Bank has initiated coverage on SOL with a long-term bullish outlook, projecting the token to climb from around $175 to $500 by 2029. However, the bank warns that Solana is likely to underperform Ethereum in the near term due to its heavy reliance on memecoin trading activity.
Geoffrey Kendrick, the bank’s global head of digital assets research, noted that while Solana excels at processing high volumes of transactions at low fees — a feature that has made it the go-to chain for memecoins — this utility may not be sustainable.
“Solana dominates memecoin trading,” Kendrick said, “but the sector seems to have peaked, and markets are discounting future earnings from this trend.”
He emphasized that although Solana currently appears undervalued based on a market cap-to-GDP framework, its limited diversification beyond speculative trading is a key concern.
In contrast, Ethereum continues to benefit from a broader and more sustainable ecosystem of applications.
Despite this, Standard Chartered remains optimistic about Solana’s long-term value, suggesting that with time and further development beyond trading, the blockchain could achieve significant price appreciation.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
