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Standard Chartered Forecasts Solana at $500 by 2029

Solomon M. by Solomon M.
May 27, 2025
in Altcoin News
Key Points:
  • Standard Chartered forecasts Solana at $500 by 2029.
  • Ethereum expected to outperform in short term.
  • Solana’s growth linked to partnerships and use cases.
standard-chartered-forecasts-solana-at-500-by-2029
Standard Chartered Forecasts Solana at $500 by 2029

Standard Chartered’s prediction matters as it highlights diverging growth trajectories for Solana and Ethereum, prompting market scrutiny on valuation metrics and adoption rates.

Standard Chartered, headed by Geoff Kendrick, forecasts Solana’s price reaching $500 by 2029 based on robust growth indicators and network adoption. Ethereum, however, is expected to perform better near-term due to its entrenched fee structures and DeFi applications.

The analysis by Standard Chartered states Solana is richly valued compared with Ethereum, given its market value to fees ratio. Solana’s price target is driven by expected network partnerships, including notable ones like Visa, and projected use case expansions.

This optimistic forecast impacts market perception, potentially altering investor strategies. The focus shifts to Solana’s ability to sustain growth through strategic partnerships and new use cases, although Ethereum’s superior fee generation poses competition.

Financial implications suggest Solana may need significant usage growth to support its valuation. Meanwhile, Ethereum’s established DeFi presence solidifies its short-term market advantage, drawing attention from investors prioritizing consistent yield generation and network stability.

“Solana is ‘richly valued’ versus Ethereum based on the ratio of its market value and fees. … Either Solana is overvalued, or Ethereum is undervalued. But if Solana is indeed overvalued, that’s only testament to the fact that traders think SOL is going much higher in the future.” — Geoff Kendrick, Head of Digital Assets Research, Standard Chartered
Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

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