Former US President and Republican presidential candidate Donald Trump's November winning rate formed a golden cross, successfully surpassing Vice President Kamala Harris. Standard Chartered Bank predicts that if Trump is elected as the US President in November, the price of the US blue-chip public chain Solana token SOL is expected to rise by 500% by the end of 2025.
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According to The Block, based on current prices and the potential impact of Trump winning the US presidential election, Geoff Kendrick, head of global digital asset research at Standard Chartered Bank, predicts that by the end of 2025, SOL prices could rise by 500%, Ethereum could rise by 400%, and Bitcoin's value could rise by 300%.
He also said that if Harris becomes president, he expects Bitcoin to outperform Ethereum, which in turn will outperform Solana.
He added: “In US dollar terms, we expect the price of Ethereum to reach the $7,000 level by the end of 2025 under a Harris presidency.”
Regardless of the outcome of the November 5 election, Kendrick expects the price of Bitcoin to rise to $200,000 by the end of 2025.
According to a large cryptocurrency betting platform, Trump's chances of winning in November reached 52.9%, having reversed and surpassed Harris.
So far this year, SOL prices have risen by 41.10%.
Kendrick outlined the specific conditions that would be 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 continued: “With Trump as president, the launch of a Solana ETF is more likely.”
“Indicators show that the market is very bullish on Solana’s future growth prospects, with expectations of 100-400x increases in throughput,” he continued.
He stressed that for his valuation prediction for Solana to materialize, the network’s throughput would need to increase significantly.
Kendrick noted that Firedancer, a new third-party validator client software designed to improve Solana’s efficiency, needs to be operational, with the goal of increasing transactions per second to 1 million.
Furthermore, he added that Solana needs to establish dominance in multiple fields including finance, consumer services, and decentralized physical infrastructure (DePIN), which often have high throughput requirements.
In order to attract more traditional users, Solana has made important progress in launching smartphones.
Solana Mobile has officially announced details of the next-generation Web3 smartphone Solana Seeker. Formerly known as Chapter Two, the device is scheduled to be released in 2025 and will offer a number of improved features.
Seeker has received over 140,000 pre-orders, and the Solana mobile development community has actively embraced Seeker, developing a large number of exclusive dApps and features for the device. Seeker's core features include a built-in self-hosted Seed Vault wallet, Solana Mobile dApp store, Seeker Genesis Token (a soul-bound NFT), and upgraded hardware configurations.
Solana co-founder Anatoly Yakovenko said Seeker will offer a higher standard than Saga at a more affordable price, aiming to become the most defining Web3 mobile device next year.
