Solana Price Analysis: Could a Trump Victory Propel SOL to Outperform Bitcoin and Ethereum?
Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...
The Solana price has suffered along with the rest of the market today, falling by 2% in the past 24 hours as prices fall by 3% on average.
At $139, SOL is now up by a modest 1% in a week and by 3.5% in a week, with the altcoin sitting on an impressive 520% gain in a year.
Yet things could get even better for Solana, with Standard Chartered’s Geoff Kendrick suggesting that the altcoin could rocket by 400% in 2025 if Donald Trump wins next month’s election.
Kendrick explains that the approval of Solana ETFs would be likelier under a Trump administration, yet with SOL having the strongest momentum of any major alt this year, it’s still likely to perform well even if Kamala Harris wins.
“The metrics suggest the market is pricing in a very bright growth future for Solana, with an expected increase in throughput of 100 to 400 times,” Kendrick said, writing in a note to investors yesterday.
What’s perhaps most interesting about Kendrick’s analysis is that he expects Solana to outperform Ethereum and Bitcoin in a scenario where Trump wins.
⚡ JUST IN: Standard Chartered Predicts 5X Rise for $SOL
1. 5X Rise by 2025 if Trump wins the election.
2. Over 100 million active addresses are driving this potential growth.
3. Possible ETF launch could give Solana an extra boost.
Sounds exciting, right? Let’s see where… pic.twitter.com/PcHOYVwxgX
He wrote, “In rough terms from today’s prices under Trump I predict the following multiples by year-end 2025: SOL 5X, ETH 4X, BTC 3X.”
Kendrick doesn’t necessarily predict doom and gloom for the Solana price in the
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