Standard Chartered predict an increase in the price of SOLANA cryptocurrency (SOL) up to $ 500 by 2029, reports RBC Crypto. But in the next two or three years, a coin can show a weaker dynamics compared to Ethereum (ETH), the bank analysts say.
SOLANA takes the sixth place in the list of the largest cryptocurrencies with a capitalization of $ 91.9 billion. At 16:00 Moscow time, SOL is trading about $ 176. This is almost 40% lower than the historical maximum that it installed at $ 293 in January of this year amid the US President Donald Trump’s President Official Trump (Trump).
According to Standard Chartered, by the end of 2025, the price of SOL can reach $ 275, which is slightly lower than its record. SOLANA blockchain continues to dominate the memcoirs market due to high throughput and low commissions, but this market probably has already reached a peak, and a decrease in activity is laid in the price of a discount token, said the head of the bank’s digital assets research assets Jeffri Kendrick.
The SOLANA network is well suited to support future cryptosphere sectors that need fast and inexpensive transactions, for example, in financial services, social networks and infrastructure projects (depin), the bank notes. But Kendrick expects to scaling these areas for another two to three years.
In the short term, SOL will be traded at a discount on “own GDP” – the total income of protocols and applications based on SOLANA. Against this background, the bank expects an increase in the course in a pair of ETH/SOL from the current 15 SOL per 1 Ethereum until the end of 2027.
By 2029, the price of SOLANA will return to 15 ETH again, according to the bank. The coin exchange rate to the dollar will reach $ 500 during this period, which is an increase of 184% of the current price.
The report notes that, while “SOLANA is“ cheap ”, the BNB (BNB) token in the BNB Chain (also the first-level smart contract platform) is“ expensive ”due to its unique connection with the Binance crypto-based. BNB, according to bank analysts, by 2029 can grow by 360%, to $ 2775.
Standard Chartered regularly publishes cryptotrognoses. In one of the recent reports, the bank also predicted a bitcoin growth of up to $ 500 thousand by 2029.
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Source: Cryptocurrency
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