Standard Chartered's Geoff Kendrick projects that the price of solana could surge fivefold by the end of 2025 if Donald Trump wins the U.S. presidential race. In a recent note, Kendrick outlines potential valuations for major cryptocurrencies based on the election outcome.
Kendrick predicts that under Trump, solana (SOL) could see a fivefold increase, ether (ETH) could rise fourfold, while bitcoin (BTC) might triple its value. He stated, "In rough terms from today’s prices under Trump, I predict the following multiples by year-end 2025: SOL 5X, ETH 4X, BTC 3X."
In contrast, if Kamala Harris becomes president, Kendrick anticipates that bitcoin will outperform ether, which will also surpass solana. He expects ethereum could reach $7,000 if Harris takes office, while bitcoin could climb to $200,000 by 2025, regardless of the election results.
Kendrick explains the conditions necessary for solana's valuation to materialize, emphasizing that a Trump administration would likely be more supportive of the Solana ecosystem. He speculates that a solana exchange-traded fund (ETF) would be more feasible under Trump.
He notes that market metrics suggest a promising growth trajectory for solana, with an expected throughput increase of 100 to 400 times. To achieve these ambitious forecasts, Kendrick highlights the need for Firedancer, a new validator client software designed to enhance solana's efficiency, to be operational, aiming for a transaction capacity of one million transactions per second.
Furthermore, solana must establish dominance across various sectors, such as finance, consumer services, and decentralized physical infrastructure (DePIN), which require high throughput for success.
