Standard Chartered Bank forecasts that if Donald Trump wins the upcoming U.S. presidential elections, the price of Solana (SOL) could rise fivefold by the end of 2025. This prediction arises from the growth of Solana's user base, which has recently surpassed 100 million monthly active addresses for the first time.
Elections and Solana (SOL)
In a discussion with Geoff Kendrick, the bank's Global Head of Digital Assets Research, potential scenarios for Solana, Bitcoin, and Ethereum were outlined based on the 2024 U.S. presidential election. Kendrick anticipates a bullish outlook for Solana if Trump maintains a positive stance on cryptocurrency during his presidency. According to him, under such circumstances, the price could increase fivefold and reach four-digit figures.
Additionally, he predicts that Ethereum may quadruple in value, while Bitcoin could triple. Of course, these are merely predictions and not certainties regarding the future.
Kamala Harris Winning Scenario
Kendrick outlined a different scenario if Kamala Harris wins the elections. In this case, he expects Bitcoin to outperform Ethereum, while Ethereum would surpass Solana in performance.
Standard Chartered Bank maintains its optimism for Bitcoin independently of the U.S. elections, predicting that BTC could reach $200,000 by the end of 2025. Under Harris's presidency, Ethereum might rise to $7,000, while under Trump, it could reach up to $10,000. Solana may struggle to perform as well due to stringent regulatory frameworks.
Jupiter and Layer3 Expansions
Recent developments in the Solana ecosystem support the network’s growth trend. Jupiter Exchange has launched the Jupiter Mobile Application as a decentralized DEX aggregator, improving trading performance on the Solana network. The app allows new users to purchase SOL with various payment methods and manages transactions with an “Auto-Mode” feature.
The Layer3 blockchain platform aims to enhance user experience on Solana by expanding its network. Layer3 boasts over 300,000 active users on Ethereum Virtual Machine (EVM) networks and seeks further growth through partnerships with Solana protocols.
One of the recent technical improvements on the Solana network is the Firedancer validator client, expected to increase transaction speeds by 100 to 400 times. This enhancement supports Solana's preference in sectors requiring high transaction volumes, such as finance, consumer services, and Decentralized Physical Infrastructure Networks (DePIN).
The growth dynamics of the Solana ecosystem are supported by the increasing user count and technological improvements. These developments could contribute to Solana reaching a broader user base and strengthening its market position in the long term.
