PANews reported on October 8 that according to The Block, based on the current price and the potential impact of Donald Trump winning the US presidential election, Geoff Kendrick, head of global digital asset research at Standard Chartered Bank, predicted that by the end of 2025, Solana's price could rise fivefold, Ethereum could rise fourfold, and Bitcoin's value could rise threefold. He also said that if Harris becomes president, he expects Bitcoin to outperform Ethereum, which in turn outperforms Solana. He added: "In US dollar terms, we expect Ethereum's price to reach $7,000 by the end of 2025 with Harris as president." Regardless of the outcome of the November 5 election, Kendrick expects Bitcoin's price to rise to $200,000 by the end of 2025.
Kendrick outlined the specific conditions needed to achieve his valuation prediction for Solana. He believes that the Trump administration is more supportive of the Solana ecosystem than the Harris administration. He said: "The launch of the Solana ETF is more likely under a Trump presidency." "Indicators show that the market is very bullish on Solana's future growth prospects, and its throughput is expected to increase by 100 to 400 times," Kendrick said. He emphasized that to achieve his valuation prediction for Solana, the network's throughput needs to increase significantly. Kendrick pointed out that the new third-party validator client software Firedancer, which is designed to improve Solana's efficiency, needs to be put into operation, which is designed to increase transactions per second to 1 million times. In addition, he added that Solana needs to establish a dominant position in multiple fields including finance, consumer services, and decentralized physical infrastructure (DePIN), which generally have high throughput requirements.
