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Solana Price Forecast: Potential to Reach $500 in Four Years, Though Currently Lagging Behind ETH, Says Major Bank Analyst

2025/05/28 10:42 (Updated 2025/05/28 12:01)
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Written by L.Kikutani
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Solana Price Forecast: Potential to Reach $500 in Four Years, Though Currently Lagging Behind ETH, Says Major Bank Analyst

Solana Price Prediction

On May 27, Standard Chartered Bank announced the commencement of its investment analysis on the cryptocurrency Solana (SOL), forecasting an increase from the current $175 to $500 by 2029, as reported by The Block and others. Geoffrey Kendrick, the bank's Head of Digital Asset Research, pointed out that Solana's network is overly dependent on meme coin transactions. 'The current use of Solana is heavily skewed towards trading, particularly dominating in meme coin transactions,' he analyzed. Meanwhile, while meme coin transactions have strengthened Solana's infrastructure, the sustainability...

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MAGAZINE
Iolite Vol.14

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.